(Click on photo (or here) to open PDF doc)
The above stats are for the Southeast Valley to include Chandler, Gilbert, Mesa, Tempe, Ahwatukee, Sun Lakes and Queen Creek for the last 3 years. We had a STELLAR March through July this year, that is for sure! The average price per sqft is about $50 more than it was 3 years ago when Distressed properties were a huge impact in our market, they constituted more than half of the inventory back then.
Current Demand levels are considered normal however there are areas with less supply than others that keep the overall Market index higher than average, which typically favors Sellers. The last few weeks we have had some seasonal decline, but our market is still quite busy overall and the month of August isn’t quite over yet.
The following commentary is from Mike Orr of the Cromford report with specific stats you may find interesting regarding the month of August (click here to download the pdf document), especially if you’re currently in the position to BUY &/OR SELL a home right now.
As always, we are here and happy to help you figure out the best strategy for your family- give us a call at 480-243-4242 or send Rebecca an email at firstname.lastname@example.org if you’re thinking about Real Estate or know someone you care about is!