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Phoenix AZ Real Estate Market Update February 2018

Written by Posted On Thursday, 08 March 2018 03:34

Phoenix AZ Housing Market Report and House Value February 2018

February 2018 Phoenix AZ Real Estate Housing Market Highlight:

  • New Listing had decreased 2.3% from a year ago
  • February 2018 Average Sold Price for Single Family Home in Phoenix AZ was $301,412, that is about 4.6% increased from a year ago
  • Median Sold Price in February 2018 was $250,000, which had appreciated 5.7% from February 2017
  • 98% of Single Family Detached Homes sold in February 2018 are Traditional Sale
  • Most expensive homes sold in February 2018 was sold for $1,900,000
Phoenix Housing Market Update February 2018 and House Value by Swee Ng

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Number of Homes Sold in Phoenix AZ in February 2018
Based on February 2018 statistic, we saw 1,349 single family homes sold in Phoenix AZ compare to 1,189 of last year. That's about 13.5% increased number of single family home sold in Phoenix from February 2017.

In February 2018, we saw 69 days on Market (DOM), compare to 76 in a year ago. It took average about 69 days to sell your home in Phoenix in February 2018.

Median Sold Price of Single Family Homes Sold in Phoenix AZ in February 2018
The median sold price for single family home in Phoenix AZ in February 2018 was $250,000. Compare to last year, median sold price in February 2017 was $236,500. That is about 5.7% appreciation in a year.

2018 February Median Sold Price in Phoenix was $250,000
Click here to view Homes for Sale Under $240,000 in Phoenix AZ

Average Sold Price of Single Family Homes Sold in Phoenix AZ in February 2018
2018 February average sold price for single family home in Phoenix AZ was $301,412. Compare to $288,245 a year ago, that's about 4.6% increased from February 2017.

February 2018 Average Sold Price in Phoenix was $301,412
Click here to view Homes for Sale Under $300,000 in Phoenix AZ

The average sold price per square feet for single family home in February 2018 was $162.00 per square feet.

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

View your house value instantly for free

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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