Saturday, 28 March 2020

Phoenix Housing Market Update February 2019

Written by Posted On Friday, 08 March 2019 12:03

February 2019 Phoenix AZ Real Estate Housing Market Trends Report, Statistics and House Value

Here are Phoenix AZ Housing Market Trends Report February 2019 for Single Family Detached Home and statistics. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Phoenix AZ provided by the FlexMLS system. 

February 2019 Phoenix AZ Real Estate Housing Market Highlight

  • New Listing had decreased about 7.7% compare to February 2018
  • February 2019 average sold price for single family home in Phoenix AZ was $327,313, that is about 8.6% appreciation from a year ago
  • Median sold price in February 2019 was $267,250, which had increased about 6.9% from February 2018
  • About 98% of single family homes sold in February 2019 are traditional sale
  • Most expensive homes sold in February 2019 was sold for $3,110,000
Phoenix AZ Housing Market Trends Report February 2019 by Swee Ng

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Number of Homes Sold in Phoenix AZ in February 2019

Based on February 2019 statistic, we saw 1,108 single family homes sold in Phoenix AZ compare to 1,349 of last year February. That’s about 17.9% decreased of single family home sold in Phoenix compare to a year ago.

In February 2019, we saw 69 days on Market (DOM), which is same as last year February. It took average about 69 days to sell your home in Phoenix in February 2019.

Median Sold Price for Single Family Homes Sold in February 2019

The median sold price for single family home in Phoenix AZ sold in February 2019 was $267,250. Compare to last year, median sold price in February 2018 was $250,000. The median sold price for single family home in Phoenix has increased about 6.9% from a year ago.

February 2019 Median Sold Price in Phoenix was $267,250
Click here to view Homes for Sale Under $250,000 in Phoenix AZ

2019 February Average Sold Price of Single Family Homes Sold in Phoenix AZ

2019 February average sold price for single family home in Phoenix AZ was $327,313. Compare to last year February at $301,412, the average sold price has increased about 8.6% from a year ago.

February 2019 Average Sold Price in Phoenix was $327,313
Click here to view Homes for Sale Under $300,000 in Phoenix AZ

There are 17 million dollar listings homes sold in February 2019.

2019 February Average Sold Price Per SQFT

The average sold price per square feet for single family home in February 2019 was $173.00 per square feet.

Average sold price per square feet in February 2019 was $173 per square feet
Click here to view Homes for Sale in Phoenix Under $150 per square feet

Based on the median sold price and average sold price statistic, buyer is paying more when buying single family home in Phoenix compare to one year ago.

 

Also Read: How rising interest rates will impact housing affordability?

 

Educated and savvy buyers understand that a competitive market gives them fewer options for home choices – even when inventory increases. Although this may vary from zipcode to zipcode and from price range to price range, buyers need to make sure they are fully informed regarding the specific market in which they have an interest. This will give them the best chance of being competitive when making an offer.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

 

If you are considering buying a home in Phoenix there is a sufficient inventory of homes to choose from and having a good real estate agent who understands the market is a must. Interest rates are still low so don’t wait too long on the sidelines; many listings when priced correctly are starting to sell within a few days of hitting the market.

Contact or call me at 480.721.6253 if you’re interested in knowing what your Phoenix home is worth in today’s real estate market or so we can discuss your housing needs. I look forward to talking to you and assisting with your real estate needs.

 

Affordable Financing Options Available

Several low down payment financing options including down payment assistance programs are available. Contact Us to find out what loan programs you qualify for. Learn more about how to buy a house in Phoenix AZ with a low down payment.

 

Wondering how much house I can afford?

Click here to access the Mortgage House Payment Calculator. Simply add in the price of the home you are considering and the calculator will return your estimated house payment. Change length of loan and interest rates to adjust results.

 

Selling your home in Phoenix Arizona

Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Phoenix AZ Home Price 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 House is worth?

Phoenix AZ Real Estate Listings and Homes for Sale by Price Range:

Homes Under $200,000

Homes $200,000 - $300,000

Homes $300,000 - $400,000

Homes $400,000 - $500,000

Homes $500,000 - $600,000

Homes $600,000 - $700,000

Homes $700,000 - $800,000

Homes $800,000 - $900,000

Homes $900,000 - $1,000,000

Homes $1,000,000 - $2,000,000

Homes Over $2,000,000

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

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