Saturday, 25 March 2017

November 2016 Mesa AZ Housing Market Trends Update

Written by Posted On Tuesday, 20 December 2016 19:47

Mesa AZ November 2016 Housing Market Trends Report, House Value and Real Estate Listings

2016 November Mesa AZ Real Estate Market Highlight:

  • Active listing (Inventory) had Decreased 4.4% from October 2016
  • November 2016 Average Sold Price for Single Family Home in Mesa was $253,024 and had Decreased 4.2% from October
  • Median Sold Price in November 2016 was $230,000 and had Decreased 4.1% from October
  • 97% of Single Family Detached Homes sold in November 2016 are Traditional Sale
  • Most expensive home sold in November 2016 in Mesa was sold for $775,000 Click here to view
>Mesa AZ November 2016 Housing Market Trends Report by Swee Ng, House Value and Real Estate Listings

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Here are Mesa AZ Real Estate – Single Family Detached Home statistics for November 2016. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Mesa AZ provided by the FlexMLS system.

latest Mesa AZ housing market trends report by Swee Ng, Real Estate and House Value

November 2016 Mesa AZ Housing Closed Sales Report Analysis
We saw a 0.7% increased in the number of Single Family Homes sold in November 2016 compared to the prior month. The statistics show that we had 550 residential Single Family Detached Homes sold in November 2016 in Mesa AZ compared to 546 in October 2016. This compares to 434 homes sold in November of last year.

In November 2016, we saw 62 days on Market (DOM) compare to 59 days in previous month . It average took average 62 days to get your Mesa AZ home sold in November 2016.

Mesa AZ November 2016 Average Sold Price Analysis
2016 November Average Sold Price for Single Family Detached Homes in Mesa AZ is $253,024 Compare to $264,168 in October, that’s about 4.2% decreased from a month ago. The Average Sold Price in November 2015 was $249,768 and that’s about 1.3% appreciation from a year ago.

The average sold price per square feet in November 2016 was $135 per square feet, which are same as previous month. Compare to a year ago, November 2015 average sold price per square feet was $125.

November 2016 Mesa Single Family Home Average Sold Price was $253,024. Click here to view Real Estate Listing and Homes for Sale in Mesa AZ Under $250,000

2016 November Single Family Detached Homes Median Sold Price in Mesa
November 2016 Median Sold Price was $230,000 compare to $239,900 in October. This compare to $215,000 in November 2015. The Median Sold Price for Single Family Home in Mesa AZ had appreciated about 7.0% from a year ago.

November 2016 Mesa Single Family Home Average Sold Price was $230,000. Click here to view Real Estate Listing and Homes for Sale in Mesa AZ Under $200,000

Based on statistics on both of Median Sold Price and Average Sold Price, Buyers are paying more for a Single Family Detached Homes in Mesa AZ compare to a year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Selling your home in Mesa AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Mesa AZ House Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

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