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June 2016 Maricopa County Real Estate Update

June 30th, 2016

Home > Phoenix Real Estate Market > June 2016 Maricopa County Real Estate Update
2016 1st QTR Maricopa County Real Estate Update

It’s that time again folks–here’s our June 2016 Maricopa County Real Estate Update.  Market activity has risen sharply in the past 30 days with 8948 sales occurring across the county (all product types included).  This graph shows the recent activity over the last three months:

The average days on market has dropped slightly from 80 to 75 while the median sales price has increased to $284,611–this is largely due to much heavier demand in the sub-$300K price range–particularly in Phoenix.  With the recent departure of the UK from the European Union, already low rates have dropped even farther.  Anyone looking to purchase now or in the very near future should looking into financing–we work with some of the top lenders in the state–find qualified lenders.

This graph highlights the low, average and high sale for all properties sold in the last 30 days:

2016 Maricopa County 30 day Sale History

View YTD Stats Jan-May 2016 Maricopa County

We expect demand to stay fairly strong in the sub-$300K market across the county–especially for well located, nicely renovated homes.  The market at $500K and up is getting crushed right now–demand is very weak.  Here is a nice graphic which highlights some stats taken from our MLS for the month of June:

Maricopa County June 2016 Market Update

Luxe Real Estate Group

 

We hope that you enjoyed our Maricopa County real estate update for June 2016. If you need information on the market, a particular community or property, one of our outstanding Luxe agents can help!  We hope that you have a safe and fun Fourth of July holiday!

 

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.

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