Saturday, 06 June 2020

Phoenix Arizona Real Estate Housing Market Report August 2017

Written by Posted On Friday, 15 September 2017 14:25

Phoenix AZ Housing Market Report August 2017 and Home Price

August 2017 Phoenix AZ Real Estate Housing Market Highlight:

  • New Listing had Increased 7.0% from a year ago
  • 2017 August Average Sold Price for Single Family Home in Phoenix AZ was $293,336
  • Median Sold Price in August 2017 was $246,000
  • 98% of Single Family Detached Homes sold in August 2017 are Traditional Sale
  • Most expensive homes sold in August 2017 was sold for $3,400,000

Number of Homes Sold in Phoenix AZ in August 2017

Based on 2017 August statistic, we saw 1,543 single family homes sold in Phoenix AZ compare to 1,459 of last year. That's about 5.8% increased from August 2016. In August 2017, we saw 62 days on Market (DOM), compare to 67 in a year ago. It took average about 62 days to sell your home in Phoenix in August 2017.

Median Sold Price of Single Family Homes Sold in Phoenix AZ in August 2017

The median sold price for single family detached home in Phoenix AZ in August 2017 was $246,000. Compare to last year, median sold price in August 2016 was $234,000. That's about 5.1% appreciation in a year.

Average Sold Price of Single Family Homes Sold in Phoenix AZ in August 2017
August 2017 average sold price in Phoenix AZ was $293,336 compare to $274,894 a year ago. That's about 8.2% increased from a year ago.

Phoenix Housing Market Update August 2017 and House Value by Swee Ng

 

The statistic indicate that Buyers are paying more for a home compare to 1 year ago.

Selling Your Home in Phoenix Arizona

Contact Us or call Swee Ng, Phoenix Real Estate Agent at 480.721.6253 today to discuss your potential Phoenix 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.

What My Phoenix AZ Home is Worth?
View your House Value estimated instantly for free at www.phoenixazhousevalue.com

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Swee Ng, Realtor specializing in win-win residential real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Phoenix AZ area, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.

Contact Swee Ng, Gilbert Real Estate Agent, Realtor in Gilbert AZ

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