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October 11, 2008
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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 10/11/2008:
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

Ron Wilczek
as of 10/11/2008:
SEE EVERYTHING YOU NEED TO KNOW -- CLICK ON "MORE ->"... ALL THE CURRENT FACTS ARE HERE. NOTE: SEPTEMBER 2008 in Tempe - 12+ months of sales data below will help you understand the market. For more information on how Foreclosures specifically affect... MORE->
About Ron Wilczek

Reported by

Kent Gagon
as of 10/10/2008:
Call me today to see how a community second program can get you into your new home with only $1000 out of your own pocket.602-980-5368 Are you interested in buying foreclosure homes from the Trustee Auctions? Call me today for detailed... MORE->
About Kent Gagon
Watch one of my Television commercials.

Reported by

Gina McKinley, ABR, CRS
as of 10/10/2008:
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

Bruce The Moose Fraser
as of 10/10/2008:
The month of October is looking to be a good month for the local buyers. 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.... MORE->
About Bruce The Moose Fraser

Reported by

Patricia Hill, E-Pro (480)632-5959
as of 10/9/2008:
Here are the latest sales statistics for Tempe: Tempe currently has 1000 homes available for sale. In the last 30 days, 103 (or 10%) of homes sold in an average of 91 days on the market for an average sales price of $249,954. Call me to get the... MORE->
About Patricia Hill, E-Pro (480)632-5959

Reported by

VIP Investor Network, LLC
as of 10/9/2008:
WELCOME TO TEMPE! We are currently experiencing a strong buyers market with prices trending downwards. The average price of a single family residence is approximately $290,000. Please feel free to call us any time at 480-678-6074 or for 24... MORE->
About VIP Investor Network, LLC

Reported by

Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
as of 10/8/2008:
Sales in Tempe were up 15% vs 2007 for September 2008 ( -29% YTD) as the market appears to be turning the corner! If you are "thinking" about buying a home now may be the perfect time with rates still at historical lows, prices are down and supply... MORE->
About Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
Watch one of my Television commercials.

Reported by

Bob Stahl
as of 10/8/2008:
The median price of single-family resales in Tempe remained steady at $240,000. The number of homes resold, though, was down 23.3% to 115 (from June's 150). The number of townhouses and condos resold in Tempe increased in July by 37.5%. The... MORE->
About Bob Stahl

Reported by

Tiffany Huff & Your Home Team!
as of 10/4/2008:
Don't hesitate to call us direct at 1-480-703-2364!!! ASK FOR FREE ACCESS TO THE LOCAL MLS!!! Tempe is a fantastic & very unique city! Home prices are as low as $120,000; however, the average home price in Tempe is $300,000. Investments are abundant... MORE->
About Tiffany Huff & Your Home Team!

Reported by

Jackie Dokos
as of 10/2/2008:
FREE Access to the MLS at www.JackieDokos.com or www.AZHome4me.com. Call 888-810-8330 and ask for their "Two Nights/Three Days Free Hotel Stay" special when you buy or sell a property through them. AUGUST 2008 STATISTICS Average Days... MORE->
About Jackie Dokos
Watch one of my Television commercials.

Reported by

John Fagundes
as of 9/29/2008:
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 $289,000. Please feel free... MORE->
About John Fagundes

Reported by

Kristen VanArsdale
as of 9/26/2008:
The median sales price of homes in Tempe is $248,000, this is down slightly from 6 months ago. Tempe is still a good bargain, in my opinion. If you are on a budget, condos in Tempe are a good option, most are offering generous builder... MORE->
About Kristen VanArsdale

Reported by

Craig Peck, Broker Associate
as of 9/5/2008:
[Call Craig today for the most current prices on homes, 602-290-7090]. Tempe, Arizona, is experiencing a strong market. The median price of a resale home in Tempe increased from the 2006 value of $275,000 to $285,000 in 2007. However, this increase... MORE->
About Craig Peck, Broker Associate

Reported by

Marcelle Dasgupta
as of 8/23/2008:
You can reach me at 480-203-9447or marcelledas@gmail.com.The Phoenix metro area is continuing to see strong employment and population growth. A vibrant economy, good business, climate and high standards of living continues to attract business, high... MORE->
About Marcelle Dasgupta

Reported by

Chris Varoga
as of 8/15/2008:
*****The Market Conditions Report For Arizona Is Now Available On Our Site At www.azhomestore.com - Stop By And Take A Look At The Results!***** We Have Also Created A Bank Foreclosure And Reo Page With Many Great Buys... If You Need More Info, Just... MORE->
About Chris Varoga

Reported by

Susan Kessler
as of 8/4/2008:
The average price of a home (including condos) purchased is Tempe in July was $264,700, which equals $160 per square foot, about the same as it has been for the past six months. Compared to other parts of the Phoenix metro area, Tempe's prices have... MORE->
About Susan Kessler

Reported by

Lester Cox
as of 7/1/2008:
Days on market is coming down, ask to sale ratio is going up. This is a classic indication of market improvement. It is taking less time for sellers to sell a home and the actual selling price is getting closer to the asking price. Priced correctly,... MORE->
About Lester Cox

Reported by

Jim Biggs-Prudential Broker 866.250.9595
as of 4/29/2008:
Call us locally at: 480.390.6562 or 602.615.9137! Ask for a FREE CUSTOM MLS search website! Higher than normal resale inventory to the market is providing a buying opportunity! Each month of 2008 has shown an increase in sales! Its a BUYERS... MORE->
About Jim Biggs-Prudential Broker 866.250.9595


Average Current Market Rating: 1.8    (19 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2.2    (19 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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