Advertisement
Thursday, 19 September 2019
Agent Resource Center
This Old House - Do-it-Yourself

July 2019 Phoenix AZ Real Estate Housing Market Update

Written by Posted On Tuesday, 20 August 2019 12:50

July 2019 Phoenix AZ Housing Market Trends

July 2019 Phoenix AZ Real Estate Housing Market Update, Statistics and House Value

Here are July 2019 Phoenix AZ Housing Market Trends Report for Single Family 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.

July 2019 Phoenix AZ Housing Market Trends Highlight
  • New Listing had decreased about 5.9% compare to July 2018
  • July 2019 average sold price for single family home in Phoenix AZ was $345,768, that is about 4.1% increased from a year ago
  • Median sold price in July 2019 was $284,900, which had appreciate about 4.6% from July 2018
  • About 99% of single family homes sold in July 2019 are traditional sale
  • Most expensive homes sold in July 2019 was sold for $3,300,000

July 2019 Phoenix AZ Housing Update, Statistics and House Value by Swee Ng

You might be interested:
July 2019 Ahwatukee Housing Market Tends Report
July 2019 Chandler Housing Market Tends Report
July 2019 Gilbert Housing Market Tends Report
July 2019 Mesa Housing Market Tends Report
July 2019 Tempe Housing Market Tends Report

Number of Homes Sold in Phoenix AZ in July 2019

Based on July 2019 statistic, we saw 1,653 single family homes sold in Phoenix AZ compare to 1,549 of last July. That is about 6.7% increased of single family home sold in Phoenix compare to a year ago.

In July 2019, we saw 61 days on Market (DOM), compare to 54 in July 2018. It took average about 61 days to sell your home in Phoenix in July 2019.

Median Sold Price for Single Family Homes Sold in July 2019

The median sold price for single family home in Phoenix AZ sold in July 2019 was $284,900. Compare to last year, median sold price in July 2018 was $272,243. The median sold price for single family home in Phoenix has increased about 4.6% from a year ago.

July 2019 Median Sold Price in Phoenix was $284,900
Click here to view Homes for Sale Under $250,000 in Phoenix AZ

 

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

July 2019 average sold price for single family home in Phoenix AZ was $345,768. Compare to last year July at $332,116, the average sold price has increased about 4.1% from a year ago.

July 2019 Average Sold Price in Phoenix was $345,768
Click here to view Homes for Sale Under $335,000 in Phoenix AZ

There are 29 million dollar listings homes sold in July 2019.

2019 July Average Sold Price Per SQFT

The average sold price per square feet for single family home in July 2019 was $176.00 per square feet.

Average sold price per square feet in July 2019 was $176 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.

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

Search and view your dream home your way

Receive email alert as soon as a Phoenix property matching your criteria hits the market. Be one of the first to see new listings. Simply type in everything you want in a house and save your search here to be notified.

Search your dream home now
Rate this item
(0 votes)
Set it and forget it Marketing, Agent Trusted for 21 years. Click Here

Search by State:

Agent Resource

How to capture your next prospect - click here

Realty Times TV

1/8

Realty Times

From buying and selling advice for consumers to money-making tips for Agents, our content, updated daily, has made Realty Times® a must-read, and see, for anyone involved in Real Estate.