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Market Conditions for Mesa, Arizona
Reported by Jackie Dokos, REALTOR
Updated August 11, 2008.
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Current Market Rating: 2
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Buyer's
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Seller's
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Current Price Trend: 2
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Falling
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Rising
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MAY 2008 STATISTICS
Number of New Listings
Monthly Statistics for May 2008 appears to indicate the market is beginning to improve with a slight decrease in the number of new listings (12,931) reducing the supply side of homes coming onto the market as compared to last year's same month (14,736). Also, the number of new listings coming onto the market when compared to April 2008 (13,678), the number of new listing per month coming onto the market decreased.
Median Listing Price
The median new listing price fell to $219,000, down dramatically from last year's same month of $285,000, for a decrease in value of $66,000. Furthermore, as compared to April 2008 ($227,500), the median listing price for new listings appears to resume a downward trend, decreasing in value by $8,500, as compared to the previous month-to-month's loss of $6,500.
Average Listing Price
The average new listing price in May came to $354,586, down from last year's same month of $394,119. However, as compared to April 2008 ($356,392), the average listing price for new listings appears to slowing down gradually, decreasing in value by only $1,806, as compared to the previous month's $7,361 loss from April to May 2008.
Number of Homes Sold
The number of homes sold in May 2008 decreased slightly (5,656) as compared to last year's same month of May 2007 of 5,795. However, when compared to last month's April 2008 (4,879) and is up considerably, indicating that more sales are occurring.
Median Sales Price of Homes Sold
The median selling price came in at $204,900, lower from the same month last year of $255,000. As compared to last month's $210,000, it decreased slightly from April 2008, resuming a downward trend in pricing.
Average Sales Price of Homes Sold
The average selling price for May 2008 came in at $269,400, substantially lower from the same month last year of $350,400. When compared to last month's, April 2008, the sales price decreased slightly down from $277,600.
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Location Characteristics: Located southeast of Phoenix, and 10 minutes from Sky Harbor Airport, it's a great area offering plenty of home variety.
For More Information:
View Market Conditions of other areas served by Jackie Dokos
Navigate: Top > Arizona > Mesa
About Jackie Dokos:
Jackie Dokos has over 7 years of full-time experience in residential, commercial & investment real estate sales in Arizona. Jackie resides in Mesa with her husband, Mike Dokos, who is also a REALTOR and her 3 Cavalier King Charles Spaniels. She loves helping people buy or sell their own homes or investment property. She owns rental properties and has first hand experience with "fix & flip" houses.
She was born in Chicago, Illinois and grew up in Melrose Park, Northlake, Schiller Park & Franklin Park, Illinois. She has 9 brothers & sisters: Jill, Dayle, Danny, Timmy, Billy, Bobby, Pat, Noreen and Eddie. She attended West Leyden High School and St. John Vianney Grade School. She has a degree in Accounting from the College of DuPage and a Bachelor Degree in Sociology from Illinois State University.
She has a Doctorate Degree in Chiropractic and has owned and operated her own chiropractic practice in Chandler, AZ. She retired from Chiropractic in 1996 due to Fibromyalgia. She has helped Naturopathic Doctors, Chiropractors and Allopathic Medical Doctors with commercial property for their business needs as well as their personal residences.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
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