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July 6, 2009
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  CONDITIONS™
By Local Real Estate Experts  

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.

Top > Arizona > Tempe


Market Conditions Summary for Tempe, Arizona


Reported by

Christian Broadwell, GRI (480) 206-1258
as of 7/6/2009:
Tempe just East of the 5th largest city in the United States, Phoenix metro area. We are seeing what looks like a bottom to the market. Home sales are flat in most areas and rising in others. Commercial Real Estate is seeing a much needed boost due... MORE->
About Christian Broadwell, GRI (480) 206-1258

Reported by

John Fagundes
as of 7/6/2009:
WELOME TO Tempe!!! Tempe is currently experiencing a buyers market with prices trending downword. You can still get a great deal on the right piece of Real Estate. The average price of a single family residence is approx $289,878. Please feel free... MORE->
About John Fagundes

Reported by

Patricia Hill, E-Pro (480)632-5959
as of 7/6/2009:
Here are the latest sales statistics for Tempe: Tempe currently has 841 homes available for sale. In June, 166(or 19.7%) of homes sold in an average of 102 days on the market for an average sales price of $186,680. "Based on information from the... MORE->
About Patricia Hill, E-Pro (480)632-5959

Reported by

Bruce The Moose Fraser
as of 7/6/2009:
Home prices are starting to settle at a bottom range, and the number of listings are starting to fall. There are several factors that help make this a buyers market: 1. Interest rates are low and banks want to lend money to qualified borrowers; 2.... MORE->
About Bruce The Moose Fraser

Reported by

Kent Gagon
as of 7/6/2009:
Available home inventory hits an approximately 90 day supply of homes throughout the Maricopa and Pinal County areas! Plus BANK/LENDER & REO OWNED HOMES ARE SELLING VERY FAST and FOR OVER ASKING PRICES IN MANY CASES! We are now getting 1st... MORE->
About Kent Gagon
Watch one of my Television commercials.

Reported by

Ron Wilczek
as of 7/6/2009:
SEE EVERYTHING YOU NEED TO KNOW -- CLICK ON "MORE ->"... ALL THE CURRENT FACTS ARE HERE. NOTE: JUNE 2009 in Tempe - 2 YEARS of sales data below will help you understand the market. For more information on how Foreclosures specifically affect these... MORE->
About Ron Wilczek

Reported by

Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
as of 7/5/2009:
Sales in Tempe were down 11% vs 2008 for May. Still, the market appears to be turning the corner (at least bottoming out)! If you are "thinking" about buying a home now may be the perfect time with rates still at historical lows, prices are down and... MORE->
About Bill Drummey, CRS, GRI, ABR, ASP, e-Pro

Reported by

Kristen VanArsdale
as of 6/30/2009:
The average sales price of a single family home in Tempe for 2009 is $243,013 that is a -19% change from last years average of $302,830. If you are selling the average days on market for Tempe is 112... MORE->
About Kristen VanArsdale

Reported by

Gina McKinley, ABR, CRS
as of 6/26/2009:
Tempe's housing market continue to out pace the valley averages. Due to it's location, Arizona State University, and being landlocked, Tempe continues to be a desirable city. Tempe seems to be following it's own trend, and not what the rest of the... MORE->
About Gina McKinley, ABR, CRS

Reported by

Jim & Vivien Biggs - 866.250.9595
as of 6/19/2009:
Call us locally at: 480.390.6562 or 602.615.9137! Ask for a FREE CUSTOM MLS search website! Higher than normal resale inventory in the market is providing a buying opportunity! Its a BUYERS market! Great Selection, Great Prices, Great... MORE->
About Jim & Vivien Biggs - 866.250.9595

Reported by
David Elet
as of 6/5/2009:
FREE full foreclosure search, including NON MLS foreclosures, use the foreclosure tab on my website to check for non-MLS foreclosures. Homes are selling for an average of $108 sqft, however I can help you find homes that are listed at less... MORE->
About David Elet

Reported by
VIP Team Realty, LLC
as of 6/5/2009:
WELCOME TO TEMPE! We are currently experiencing a strong buyers market with prices at a 30 year low. The average price of a single family residence is approximatly $150,000. NOW is the time to buy at the bottom of the market BEFORE interest... MORE->
About VIP Team Realty, LLC

Reported by

Susan Kessler
as of 5/2/2009:
The average price of a home (including condos) purchased is Tempe in April $115 per square foot. Tempe prices have been comparatively stable all along, and April's number is unchanged for the past 3 months. Because Tempe's average price is a bit... MORE->
About Susan Kessler

Reported by

Chris Varoga
as of 1/14/2009:
With over 11 months worth of inventory, YOU couldn't ask for a better time to BUY A HOME! Call me today for your free list of BEST DEALS 480-899-2884 or click on MY PICTURE *****The Current Market Conditions Report For Arizona Is Now Available On... MORE->


Average Current Market Rating: 1.7    (14 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2.2    (14 ratings)




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Falling

Rising

Navigate: Top > Arizona > Tempe


Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

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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