East Valley Prices Continue to Appreciate

The Median Sales Price has increased YoY across the East Valley. Tempe led the way with a 10% Yoy percentage gain, followed by Mesa (9%), Chandler (8%), and Gilbert (6%). Gilbert remained the most expensive city, however, with a median sales price of $359,950. Mesa continues to be the most affordable city (of the 4), with a median sales price of $301,750.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Glendale prices surge over the summer

After remaining flat for 9 months, the Median Sales Price in Glendale surged upward over the summer, to $266,000 in July, up $16,000 YoY from $250,000 in July ‘18. If the trend repeats from last year, we would expect to see prices stabilize over the coming months.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Mesa Median Price climbs past $300,000

“Slow-down? What slow-down?” says Mesa, where the Median Sales Price in July was over $300,000 for the first time at $301,750. This is up 9.7% YoY from the $275,000 median price in July ‘18, while the trend over the last couple of years shows consistent seasonality mixed in with consistent price appreciation.

It’s been a good run for homeowners in Mesa lately.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Phoenix Prices rise 4% in July

The Median Sales Price in Phoenix was $284,900 in July, up 4.4% YoY from $272,550 in July 2018 and up 15% from $248,000 in July 2017.

Some might look at the deceleration (15% down to 4%) and think the Phoenix market is slowing down. Others might see 4% as a more reasonable, sustainable long-term appreciation rate. Only time will tell who is right…

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Scottsdale Prices up 7%

The Median Sales Price in Scottsdale was $600,500 last month, up 7% YoY compared with $560,000 in July 2018, and up 33% over the last 5 years.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.