January 6

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South Phoenix home values

A look at South Phoenix home values

What to we look at with home values? 

Well, we will be looking at the market activity by paying attention to a couple of key items which help us monitor the real estate market:

  1. Homes for sale
  2. Homes under contract
  3. Homes sold in last 30 days

In addition we will discuss the type of market, and if values appear to be appreciating, holding, or possibly depreciating.  As home home owner/seller or even buyer these are all important to know.

If looking to buy –

South Phoenix offers several gated communities, several golf course communities, several newer subdivision homes, many older subdivision homes, homes with HOA, homes without HOA, homes that have irrigated land, homes with acreage, homes with horse priveledges, desert property homes and maybe some others I may have missed.  If your looking to buy a home in South Phoenix, I have made some links for specific community types and you can view those here.

If looking to sell…Simple – Just request a home valuation and consultation here.

The look at home values for South Phoenix 2021 start here/below.

I will post updates as weeks go by, so the latest update will appear on the top.

October 18th, 2021

118 active homes for sale

177 properties under contract

161 sales in the last 30 days

.73 months current inventory

$226 is average $/sq foot for sold homes

$407,000 was average sale price

24 was average days to sale

Comments – We continue to see appreciation of home values, and it is due to the high demand and low inventory.  This does not seem to have a end in site, so expectation for now is continued appreciation of home values.  I would argue though, the steep increase in value (23%) this past year, is not likely to repeat in the future.  My expectation would be continued appreciation for the short term, but in the single digits.

September 27th 2021

114 properties for sale

200 properties under contract

158 properties sold in last 30 days

.72 is current months inventory

$222 was average $/sq foot

$379,000 was average sale price in the south Phoenix area

21 was average days on market

Comments – Inventory continues low, and we actually saw just a little dip in the last 2 weeks.  Homes in South Phoenix also continue to sell quickly with average being 21 days.  Market continues to favor sellers, and buyers continue to have competition for the few homes available.

September 13th 2021

126 properties currently for sale

191 properties under contract

141 sales in last 30 days

.89 months inventory

$227 was average $/sq ft

$396,000 was average home selling price

19 was average days to sell

Comments – If you are a buyer, or seller, what can you take as knowledge from these numbers?  Well first, homes are on average selling really fast, only 19 days on average.  Second, inventory continues very low (supply of homes), and there are few choices for buyers.  Demand continues, and when you add this all up, we see why home values continue to RISE!

September 7th 2021

122 properties currently for sale

201 properties under contract

137 was number of sales in last 30 days

.89 months current inventory

$391,000 was the average sale

18 was average days on market

Comments – It is a GREAT TIME to sell.

August 30 2021

112 properties currently for sale

206 properties under contract

130 properties sold in last 30 days

.86 is current inventory

$232 was average $ square foot for sold homes

$421,000 was the average sale price

18 was the average days needed to sell

Comments – Seller market continues, and values are also still rising.  At this point, we do expect the appreciation to continue for 2021, though the appreciation may not be as steep.  Inventory is growing slowly and steadily, and many folks in the industry are saying the market is beginning to shift.  We will see, time will tell.

July 26th 2021

107 homes for sale in South Phoenix

170 homes under contract

140 sales in last 30 days

.76 months inventory

$220 was average $/sq ft for sold homes

$369,000 was average sale price

18 was average days to sell

Comments – The seller market continues, and we still see quick sales.  Many homes continue to see multiple offers and as such, we are still seeing good home value appreciation.  We do expect the seller market to continue, but the seller market is waning.  We could see a balanced market in the next 2 to 5 months.

July 19th 2021

100 properties currently for sale

170 homes currently under contract

143 Sales in the last 30 days

.69 months inventory

$221 was average $/sq ft

$369,000 was average sale price

16 was average time needed to sell

Comments – Wow, the market has just really gone crazy.  We have seen over a 20% increase in value just since start of the year.  My hopes, is that it will slow down, as those high gains are not sustainable for any long term.  We are seeing some signs, which if things continue as they are, we could be in a balanced market in 3-5 months.  This in turn, would slow appreciation, and all the multiple offers.

July 12th, 2021

96 current properties active and for sale

167 properties currently under contract

148 properties old in last 30 days

.64 months current inventory

$220 was average $/sq ft

$363,000 was the average sale price

16 was average time to home being under contract

Comments – South Phoenix real estate is HOT, and homes are selling fast.  This is  a great time to sell.

July 6th 2021

South Phoenix real estate continues to boom and flourish.  Find below the most resent activity in South Phoenix real estate:

84 properties for sale

167 properties currently under contract

156 properties sold in last 30 days

.53 months current inventory

$219 was average a square foot

$363,000 was average sale price

16 was average time to sell

Comments – The seller market continues.  Homes continue to appreciate and they are still selling quick.  Yet, some market indexes I look at indicate the seller market is slowing.  Forecast of the index show a leveling out in the next several months to a balanced market.  Time will tell.

June 21, 2021

Below are the most recent numbers that help us determine the current status and potential trends in the South Phoenix real estate market:

95 properties active and for sale

175 properties under contract

156 properties sold in last 30 days

.6 is current absorption rate/ inventory level

$209 was average $/sq ft for sold homes

$358,000 was average sale price

17 was average time to sell

Comments – Homes continue to sell fast, and inventory continues at extreme lows.  Ad to the mix low interest rates and you have the formula for a very competitive buyer market which is driving up the home values quickly at this time.

Great time to sell.  Also to buy, but be aware, with low inventory and continued demand there is SOLID competition.

May 31st 2021

78 homes currently for sale

188 properties under contract

169 properties sold in last 30 days

.46 current market inventory

$197 was the average $/sq foot for sold homes

$359,000 was the average price for sold homes

18 was the average days needed to sell

Comments

We continue with real low inventory of current homes for sale, and a steady demand by home buyers, which in turn continues to fuel the housing appreciation in the South Phoenix housing market.  Buyers are having a hard time securing a home, often competing with multiple offers.  Sellers are in a great position at this time to maximize sale price and terms.

Looking to sell your South Phoenix home?  Call me, David Baker your local South Phoenix realtor for your free home value consultation.

May 17th 2021

70 properties for sale

191 properties under contract

157 sales in last 30 days

.44 months current inventory

$199 was average $/sq ft

$361,000 was average sale price

18 was average time needed to sell

Comments – The above information about the South Phoenix real estate market translates into a seller market.  We continue with a super low inventory of active homes, a high demand of buyers, which of course is continuing to push values up.  Great for sellers, buyers on the other hand are having a hard time securing a home.

April 26th, 2021

Excuse the short break, here are the latest numbers for South Phoenix real estate:

59 properties for sale

211 properties under contract

157 sales in last 30 days

.37 months inventory in South Phoenix at this time

$198 was average $/sq foot for sold homes

$328,000 was average sold price for homes that sold

17 was average time to sell

Comments – No change in the South Phoenix real estate market.  It continues to be a seller market, with super low inventory and home prices continue to appreciate.  This is a GREAT time to sell.

March 16, 2021

39 properties currently for sale

186 properties under contract

133 sales in last 30 days

.29 months inventory in South Phoenix

$187 was average $/sq ft

$336,000 was average sale price

25 was average time needed to sell

Comments – We continue in a seller market, with very low inventory, low interest rates and this continues to force up home values/prices.  Buyers are competing with multiple offers, and often bidding over asking, asking no repairs, and waiving appraisals.  Flat out crazy, but it is what is going on.

March 1, 2021

Below are the most recent stats for the South Phoenix real estate market:

60 homes/properties currently active and for sale

166 properties under contract

124 sales in last 30 days

.48 months inventory

$182 was average $/sq ft

$332,000 was average sale price

31 was average time to sell

Comments – Homes are selling FAST.  Looking back over recent years, say back to 2013, we tended to have over around 170 active homes for sale at any given time.  (it fluctuated, but on average).  We only have 60 now, WOW!!!  Inventory is really low, and while interest rates are great, buyers are having a hard time right now securing a home.  Even new build homes are resorting back to the lottery and wait list!  This is both ideal time to buy (great interest) and also great time to sell ( home values are high, and low inventory).

January 25th, 2021

47 properties for sale

168 properties under contract

121 properties sold in last 30 days

.38 months inventory

$183 was average $/sq ft for sold homes

$317,000 was average sale price

31 was average time to sell

Comments – As a home owner, if you are considering selling this is FLAT OUT A GREAT TIME.  Inventory is so low, and values are the highest they have been in several years, great time.

January 14th, 2021

Welcome to the new year.  Below are the most recent numbers which reflect the current market trends for the South Phoenix real estate market:

50 homes currently for sale

166 properties under contract

147 closed properties in last 30 days

$180 was average $/sq ft

$314,000 was average sale price

29 was average time to sell

Comments- Wow, really WOW, with how low the inventory is at this time.  The south Phoenix real estate market is HURTING for more homes to be on the market.  In the current situation, buyers are having to compete BIG time to try and secure a home.  On the opposite end, sellers are benefitting from the low inventory, as buyers have less choice and must compete with other buyers for the few homes.

December 7th 2020

82 properties currently active and for sale in South Phoenix

212 properties currently under contract

152 sales in last 30 days

.53 months inventory

$176 was average $/sq ft

$308,000 was average sale price

29 was average days to sell

Comments- Seller market, in the strongest sense.  Home inventory is super low and values are continuing to rise.  Will this continue?  Well, some experts say it will into 2021 mostly due to inventory not being enough to support the demand.  Time will tell.

November 30th, 2020

88 properties currently for sale

231 properties under contract

153 properties sold in last 30 days

.575 Current inventory

$172 was average $/sq ft for sold homes

$301,000 was the average sale price

24 was average days on market

Comments – Super low inventory, quick turnover and high values.  This is a trifecta that REALLY benefits sellers.  If you are considering selling your South Phoenix home, this is a great time.  Worried due to the holidays?  Don’t be, the buyers have not slowed their buyer patern.

November 16th 2020

113 homes for sale at this time

232 was number of houses under contract

157 homes sold in last 30 days

.71 months inventory

$174 was average $/sq ft

$308,000 was average sale price

28 average time needed to sell

Comments – The seller market continues.  The low inventory continues, and values are holding steady.

November 9th, 2020

Below are the most recent numbers showing values and trends for the South Phoenix real estate market:

107 homes for sale at this time in South Phoenix

236 homes under contract

164 sold homes in last 30 days

.65 months inventory

$171 was avg $/sq ft for sold homes

$314,000 was average sale price

26 was average time to sell

Comments – Not really much change from months past.  Sellers – great time to sell and buyers also a good time to buy due to low interest rates.

November 2nd, 2020

118 homes for sale

216 properties under contract

174 sales in last 30 days

$173 was avg $/sq ft for sold homes

$314,000 was average sale price

29 was average time needed to sell

Comments – Seller market, low inventory, and quick sale time, which all leads to a very great time to sell.  Interest rates are keeping people buying, even though we are seeing home values appreciate in double digits since 2013.  How long can it continue?  Stay tuned, we will see but for now there does not appear to be any change in the market.

October 19th, 2020

117 properties currently for sale in South Phoenix

221 properties currently under contract

167 sales in South Phoenix in last 30 days

$173 was average $/sq ft for sold homes

$308,000 was average sale price

28 was the average days needed to sell

Comments – Can this sellers market continue, and if so for how long?  Frankly, I expected a stagnation of sorts back in late 2019, but it never materialized.  Interest rates are keeping many buyers in the market at this time, but should they go up will it affect people’s ability to afford many of the homes.  Hell, even rent prices have become ridiculously high.  Point is, while the market is going strong now, now really sure there is much more steam left……….and regardless of the election outcome it is bound to slow down and stagnate.

October 6th, 2020

96 properties for sale

237 properties under contract

163 properties sold in last 30 days

.58 months inventory

$173 was average $/sq ft

$292,000 was average sale price

30 was average time needed to sell

Comments – Not really much to add from my comments in previous months.  Market has a low inventory of available homes for sale in the South Phoenix area, and homes priced right are selling fast.  Often, homes that are on the market sell quick and with multiple offers.  This a great time to be a seller!  As a buyer, interest rates remain crazy low, and makes it an AWESOME time to buy.  Be ready to compete against other offers though, as the low inventory benefits the seller and is not helpful to the buyer.

September 28th 2020

96 properties currently for sale

272 properties under contract

185 properties closed in last 30 days

.51 months is current inventory

$287,000 was average sale price

39 was time needed to sell

Comments – Crazy times, right now.  It continues to be a seller market, with a very low inventory of homes at this time.  Homes are selling fast, and often time with multiple offers.  If buying be ready to pay asking price, maybe a little more and not ask for any seller concessions.  _ Just saying.

Sellers.  You will get top dollar but, DAMM be reasonable.  Represented a buyer offer this week and seller wanted offer asking (ok), but waiving inspection period and any repairs and asking the buyer to waive appraisal contingency.  Basically, asking buyer to buy property as is and to come out of pocket for any deficiency in the appraisal value.  In my mind, I just think too greedy!

September 7th, 2020

90 properties currently for sale in South Phoenix area

247 properties under contract

182 sales in last 30 days

.494 months inventory

$292,000 was average sale price

31 was average time needed to sell

Comments – No change.  Inventory remains low, and values continue to rise slowly.

August 31st, 2020

85 properties currently for sale

257 properties under contract

184 properties sold in last 30 days

.46 months inventory

$164 was average $/sq ft for sold homes

$296,000 was average sale price

30 was average time to sell

Comments – Not much to add from previous entries.  Seller market continues, with low level of inventory, which of course if fueling a little competition for the available homes.  It is not un-usual to see multiple offers on a property at this time.

August 24th, 2020

93 properties for sale

244 properties under contract

196 sales in last 30 days

$163 was average $/sq ft

$289,000 was average sale price

32 was average time needed to sell

Comments – No real change.  Seller market, low inventory, and homes are selling quick.  Can and will this continue?  That is a great question, to which I’m sure no one has the answer only opinions!  Take for instance we currently have a 10.6% un-employment rate in Arizona, and should this affect housing?  Hmmm.

August 10th, 2020

Currently we have the following information for South Phoenix real estate:

99 properties currently for sale

249 properties under contract

177 properties sold in last 30 days

.55 months current inventory

$162 was average $/sq ft

$294,000 was average sale price

35 was average time to sell

Comments – If you review previous entries, you will notice there is really nothing more to say.  Seller market, low inventory, makes for a great market in which to sell.

August 3rd 2020

94 properties for sale

234 properties under contract

179 sales in last 30 days

$162.22 was average $/sq ft for sold homes

$290,000 was average sale price

36 was average time to sell

Comments – Seller market continues, so great time to sell.  Also great time to buy as well, with super low interest rates.

July 27th 2020

102 properties for sale

256 properties currently under contract

155 properties sold in last 30 days

.65 current months inventory

$164.94 was average $/sq ft

$291,000 was the average sale price last 30 days

35 was average days needed to sell

Comments – Seller market continues in the South Phoenix area, and this means it CONTINUES to be a great time to sell!

July 13, 2020

87 properties active and for sale

257 properties under contract

153 sales in last 30 days

.56 months inventory

$162.16 was average $/sq ft

$292,000 was average sale price

46 was average time to sell

Comments – No change – the market continues to favor sellers.  There is a low inventory, and still plenty of buyers willing to buy.

July 6th, 2020

95 properties currently active and for sale

246 properties under contract

152 sales in last 30 days

.625 months inventory

$163.63 was average $ sq ft

$288,000 was average sale price

48 was average time to sell

Comments – South Phoenix is a hot seller market.  Inventory continues to be low, which caters to home owners that are considering selling.  Chances are likely, you may be the only choice for many buyers, which gives sellers more bargaining power.  Yes, this is a great time to sell.

June 29th, 2020

101 active homes for sale

262 properties under contract

155 sales in last 30 days in the south phoenix area

.65 is current level of inventory (LOW)

$160.14 was the average $/sq ft

44 was average time to sell

Comments – Low inventory, and values are up – this is a great time to sell.  For buyers, harder to get into a home due to the higher competition for the fewer homes available, especially at the lower home values.

June 22, 2020

Below find the most recent information regarding South Phoenix real estate market:

112 homes for sale

253 properties under contract

158 sales in the last 30 days

.70 months inventory

$160.24 was average $/sq ft for sold homes

$279,000 was the average sale price

43 was average time needed to sell

Comments – No change in the South Phoenix real estate market.  Homes are still selling fast, and there continues to be a very low supply of homes on the market.  This poses a challenge for buyers, as they have to compete with other buyers for the fewer homes on the market.  In order to secure a home, they will likely have to offer top dollar, and request little to no concessions.

June 8th, 2020

South Phoenix real estates most recent numbers to KNOW

115 properties for sale

227 properties under contract

161 properties sold in last 30 days

.714 current level of inventory

$161.6 was average $/sq ft for sold homes

$274,000 was average sale price

34 was average time to sell

Comments – Inventory levels, average prices are for the most part un-changed.  The real estate market in South Phoenix continues to benefit sellers, and buyers are having to compete for the few homes available for sale.  Homes are for the most part, selling with financing (loans), so homes must appraise!!  You will not see homes sell for more than value.

June 1st 2020

Below are the most recent numbers for the South Phoenix area:

129 properties for sale

210 properties under contract

149 properties have sold in last 30 days in the South Phoenix area

.86 months is the current inventory

$163.73 was the average $/sq ft

33 was the number of days needed to sell

Comments – This is a great time to  SELL!!!  We have a low inventory of homes at this time, and buyers are still buying!  If you price your home right, it will likely sell quick.  Need help, Give me – Your Local South Phoenix realtor a call.

May 18th, 2020

The real estate market at this time continues to roll on, with no real change:

159 properties active and for sale

220 properties under contract

127 properties sold in last 30 days

1.25 months inventory

$164.12 was average $/sq ft for sold homes

$278,355 was average sale price

31 was average time to sell

Comments – No change………..at all.  Sure, we see some fluctuation from week to week in days on market, homes for sale, solds…….etc, but over all no change.  We continue in a seller market with low level of inventory, and home prices are stable.  Great time to sell.

May 11th, 2020

Below are the most recent statistics for our South Phoenix real estate market:

167 properties active and for sale

219 properties under contract

130 sales in last 30 days

1.28 months inventory

$163.05 was average $/sq ft

$286,897 was the average sale price for sold homes

38 was average time needed to sell

Comments – No real change visible at this time in our South Phoenix real estate market.  Inventory continues to be low, and homes are still selling.  Like Laveen, South Phoenix currently has less active listings, as well as less closings than same time last year.  At this time though, no change, values are holding, and there is NO CHANGE in our seller market.  Great time to sell, and also buy, with interest rates being sooo low.

May 4th, 20202

Below are the most recent numbers for our South Phoenix real estate market:

175 properties for sale

212 properties under contract

118 sales in last 30 days

1.48 months inventory

$165.21 was average $/sq ft

$283,000 was average sale price

38 was average time needed to sell

Comments – Overall, south Phoenix has not really seen much change over the last weeks/months.  It continues to be a seller market, values are still slowly appreciating, and homes are still selling pretty quickly – on average in 38 days.

April 27th, 2020

Find below the most recent information for South Phoenix real estate:

188 properties for sale

206 properties under contract

116 sales in last 30 days

1.62 months inventory

$163.20 was average $/sq ft

$292,705 was average sale price

38 was average time to sell homes

Comments – Low inventory continues, and market continues to favor sellers.  Over all, no real change yet that is visible to the South Phoenix real estate market.  Things appear to be stable with no changes.

April 13, 2020

189 properties for sale

201 properties under contract

114 closings last 30 days

1.65 months inventory

$162.52 was average $/sq ft for sold homes

$295,286 was average sale price

40 was average time to sell

Comments – Not really much change at all, frankly the real estate market in South Phoenix remains un changed now for about 2 years plus.  It continues to be a seller market, with low inventory!  As of right now, no change to report.  Still great time to buy, and to sell.

April 6th, 2020

171 properties for sale in South Phoenix

203 properties under contract

129 sales in the past 30 days

1.32 months current inventory

$160.42 was average $/sq ft

$299,701 was average sale price

39 was average days on market

Comments – We are not yet seeing any change to our local real estate market.  Inventory levels remain low, and the seller market continues.  At this time, if you need to sell – it IS still a good time to do so.

March 30th, 2020

Below are the most recent numbers for the week of March 30th:

159 properties active and for sale

213 properties under contract

114 properties sold in last 30 days

1.39 current months inventory

$159.93 was average $/sq ft

$296,181 was average sale price

43 was average days needed to sell

Comments – So far in our Phoenix and South Phoenix area we have not felt the impact of changes in our country.  We continue in a seller market, as the above numbers indicate.  Inventory continues low, homes are still going under contract and homes obviously are selling (closings as well).  We will need to continually monitor the situation as we have seen a jump in jobless claims, and the economy slowdown is likely to have an affect sooner or later.

March 23rd, 2020

142 properties for sale in South Phoenix

221 properties under contract

126 sales in last 30 days

1.12 months inventory

$158.94 was average $/sq ft

$281,462 was the average sale price

41 was average time to sell

Comments – Inventory continues low, and the stats still support it being a great time to sell.  Covid 19 has hit our country, and the state at this time.  Numbers still show real estate has not been impacted as of yet, will it?  Time will tell.  I do not think we will see a housing recession, such as was seen in 2008-2013.  Again, I don’t think that will come about, these are different situations.

March 16th, 2020

134 properties for sale in South Phoenix

207 properties under contract

139 properties sold in last 30 days

.96 current month inventory

$157.04 was average $/sq ft for sold homes

$276,349 was average sale price

38 was average time to sell

Comments – The seller market continues, regardless of our slight increase in inventory.  Values hold steady, at this time.

March 9th, 2020

130 Properties for sale

199 properties under contract

145 sales in last 30 days

.89 months inventory

$153.51 was average $/sq ft

$276,000 was average sale price

38 was average days on market

Comments – No real change in South Phoenix.  The real estate market is stable, and by stable I mean no change in the last 2 years.  We continue with low inventory (though it is lower than last year), and slowly appreciating market.

March 2, 2020

112 properties for sale

197 properties under contract

137 properties sold in last 30 days

.81 months inventory

$152.14 was average $/sq ft

39 was average days to sell

Comments – Not much change yet again, still a market with low inventory that favors the seller.  Home values are slowly appreciating, but some out there think there is a change in the wind.  Coronavirus, and global fears, stock market fears, are all fueling speculation that the housing market may slow to a grind.  Yet, numbers above show no real change in sight.

On the national level, interest rates are low, un-employment is low, and GDP is a little lower than we’d like at 1.8%.  The low GDP could indicated businesses fear of a slow down, and they may begin to tighten their belts.  This could mean less spending on the business side (contracts, capital expansion, and maybe even reduction in work force).  Time will tell, but we should keep on eye on the GDP number.

February 20th, 2020

South Phoenix real estate numbers:

125 properties for sale

197 properties under contract

138 properties sold in last 30 days

42 was average time to sell

$152.33 was average $/sq ft

$275,163 was the average sale price

Comments – No change to the market.  South Phoenix continues with a low level of inventory, and slow appreciation.  Great time to sell, and also great time to buy with our continued low interest rates.

February 18th, 2020

Below is the most current information for the South Phoenix area real estate market:

127 properties currently for sale

212 properties under contract

119 properties sold in last 30 days

1.06 is the current months of inventory

$149.40 was average $/sq ft

43 was average time to sell

Comments – Overall values seem to be holding steady, and by this I mean slowly appreciating from past years.  The rate of appreciation though, HAS SLOWN down a good bit.  This past year is the first time single family homes in the area have not seen double digit appreciation since 2013.

We continue with super low inventory, basically about 48% less active listings than at this time last year.  Fewer choices, equal fewer options and more competition for buyers to procure a home.  Ideal situation for sellers, but tougher on buyers at this time.  Especially at the lower price ranges.

February 10th, 2020

Below are the most recent numbers for our South Phoenix area real estate market:

143 homes currently for sale

203 properties under contract

133 sales in past 30 days

1.07 months current inventory

$153.85 was average $/sq foot for sold homes

$269,605 was the average sale price

44 was average time needed to sell

Comments – It is a hot market for sellers at this time.  We continue with the seller market, and low inventory of homes.  This is an ideal time for sellers to sell, as they can likely get multiple offers on their home, and negotiate the best terms in their favor.  It is also still a good time to buy, due to the continued low interest rates.  The challenge for buyers is securing a home, especially if searching for prices below the average for any given area.  Once you go over the average, one begins to have more choices.

February 3rd, 2020

139 properties for sale

189 properties under contract

145 properties sold in last 30 days

.95 months inventory

$153.14 was average $/sq ft

$258,624 was average sale price

42 was average time to sell

Comments – Super low inventory continues, actually lower now than it has been since September 2019.  As a seller, your goal is to sell for top dollar right?  An ideal market to sell is when values are up (and at this time they are), also when there is little competition (few homes for sale = little competition), and that is ideal time if your considering selling.  TAKE AWAY – if your considering selling, this is a prime time.

January 27th, 2020

141 properties currently for sale

198 properties under contract

123 sales in last 30 days

1.14 months current inventory

$151.90 was average $/sq ft

$258,581 was average sale price

41 was average days on market

Comments – The seller market continues with a low level inventory.  The average time to sell is taking about 41 days, for those homes priced to sell.

January 21st, 2020

154 properties currently for sale

189 properties under contract

108 properties sold in last 30 days

1.42 months current inventory

$152.09 was average $/sq ft

$265,465 was average sale price

45 was average time to sell

Comments – South Phoenix is hopping, especially when it comes to sellers at the lower price ranges.  Great time to sell if one is considering selling, because it is a time of low inventory, and thus great time to sell

January 13th 2020

Below are the numbers that reflect the current real estate market in South Phoenix:

165 properties for sale

173 properties under contract

138 sales in the last 30 days

1.19 is current level of inventory

$146.81 was average $/sq ft for homes sold

$262,566 was average sale price

42 was average time needed to sell

Comments – No real change to the market, a carbon copy of the last month………and actually year.  Low level of inventory continues, and the homes priced well are selling on average……..quickly.

January 6th, 2020

Below are the most recent statistics for the South Phoenix real estate market as we start the new year:

155 properties currently for sale

183 properties under contract

130 properties sold in the last 30 days

1.19 months current market inventory

$146.57 was average $/sq ft for sold homes

$264,763 was the average sale price

44 was the average days to sell

Comments – No real change in the South Phoenix real estate market as we start the new year.  Values are holding steady (though we have seen appreciation slow), and inventory remains low.  With interest rates till at historic lows, buyers are still eager to buy.  At certain price ranges it is still common to see good properties, well priced, received multiple offers.  This is really an ideal situation to sell, when inventory is low, and when the real estate market is seeing the highest values in a decade.


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