Here’s our July 2017 Real Estate Update for Maricopa County. Over the past 90 days, inventory across the county has dropped sharply from around 20,500 units to approximately 17,500 units (units meaning all housing types). Sales activity has been brisk and we’ve seen some appreciation in all price segments. Currently there are just over 10,800 pending sales and since July 1, there have been 7191 sold properties. The average days on market for recently sold homes is 65 and the average price per square foot for sold properties is $146.
This graph shows Closed Sales across the county from Jan – Jun 2017:
Here are some additional stats taken from the Arizona Regional Multiple Listing Service:
This graph shows how the Median Sales price has change since Jan 2017:
We expect sales activity to slow a bit through mid September and then pick up again to the end of the year. If you have questions about the market, a community or particular property, please contact one of our outstanding real estate professionals. We are here to serve all of your real estate needs.