CLIENT LOG-IN
800.519.5893 Ext. 1
  • Search
    • Arizona Home Search Registration
    • Search AZ Homes
    • Arizona Cities & Towns
    • Featured Luxe Listings
    • Paradise Valley Luxury Rentals
    • Scottsdale Luxury Rentals
    • Phoenix Metro New Home Search
    • Multi-Family Properties
  • Resources
    • Buyers
      • Home Buyer Insight
      • Luxe Buyer Advocacy
      • Relocating to Scottsdale
      • Relocating to Arizona
      • Get a Home Loan
      • Home Purchase Resources
      • Arizona Luxury Home Financing
      • Ways to Take Title in Arizona
      • San Diego Real Estate Broker
    • Sellers
      • Home Seller Insight
      • Arizona Home Valuation
      • Arizona Expired Real Estate Listing Audit
    • Arizona Contractors & Real Estate Vendors
    • Arizona Luxury Home Resources
    • FSBO Rescue Guide
    • Real Estate Agent Resources
      • Luxe Agent Referral Program
  • Luxe Agents
    • Phoenix Metro & Surrounding Cities
    • Prescott, AZ
    • Tucson, AZ
    • Flagstaff, AZ
    • Top Luxe Agent
    • Top Luxe Team
  • Blog
  • CAREERS
  • Contact Us
    • About

2016 2nd QTR Maricopa County Market Update

July 30th, 2016

Home > Arizona Real Estate News > 2016 2nd QTR Maricopa County Market Update
August 2019 Phoenix Real Estate Report

The last three months have been busy in terms of overall sales activity across the county, but not all price ranges have fared the same.  Here’s our 2016 2nd QTR Maricopa County Market Update.  There are currently a little more than 20,000 active listings and approximately 11,500 pending sales.  Low inventory has kept demand strong in the sub-$250K price range while the upper end of the market has been very flat.

This graph shows Market Activity over the past three months:

Key Stats for the Past Quarter Sales

Average Days on Market:  75

Average Dollar Per Square Foot:  $160

Median Sales Price:  $279,276

The average days on market for all active listings is 118.  This chart breaks down key figures for the 26,258 sales that occurred during the past three months–information was obtained from the Arizona Regional Multiple Listing Service:

2016 2nd QTR Maricopa County Market Recap

This graph shows the Average Sold to List Price Ratio which has remained steady for the past quarter:

With mortgage rates at very low levels, we expect demand in the sub-$250K market to remain fairly strong and activity in this segment will pick-up as we ease out of summer.  Demand in the $500K to $1M range will remain flat for another month or two, but will gradually increase as we approach the fall.  If you need an experienced agent to handle a purchase or sale, please contact a Luxe professional–we are here to serve you.  Have a great rest of the summer!

Filed Under: Arizona Real Estate News, Phoenix Real Estate Market Tagged With: Arizona Real Estate News, Arizona Real Estate Stats, Maricopa County Real Estate, Phoenix Real Estate

About Luxe Real Estate Group

The Luxe Real Estate Group is a boutique firm offering residential and commercial clients the highest level of service and expertise in the industry. The agents of Luxe form a dynamic, hard-working and dedicated team who continually strive to exceed client expectations.. If you are thinking of buying or selling an Arizona home and would like to discuss your needs, find a Luxe agent now.

You Might Also Like

Phoenix metro real estate update Feb 2023

Phoenix Metro Real Estate Update | Feb 2023

February 28th, 2023
For the first time in many months, total active inventory has fallen below 15,000 units. As of February 28, there are 14,800 active listings across the...
Read more
Phoenix metro real estate report Jan 2023

Phoenix Metro Real Estate Report | Jan 2023

January 31st, 2023
Despite reports of gloom and doom, the Phoenix market is still doing okay. Here is our Phoenix metro real estate report for January 2023. As of...
Read more

Sign-up to receive free market updates from luxerealestategroup.com

We will never send you spam
Privacy Policy

  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter
· Luxe Real Estate Group, LLC. All Rights Reserved. ·
Luxe Real Estate Group ADRE License# LC586004000
Jay Martinez ADRE License# BR107652000
Privacy Policy | Cookie Policy | Terms of Use | Site Map

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in settings.

Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Cookie Policy

Learn more about our Cookie Policy.