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Thursday, December 14, 2017

Phoenix Market Update Through December 2017


I’ve got a quick market update to share with you. Here’s what you should know about Phoenix real estate.

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As we head toward the end of the year, I have a market update to share with you. We took a look at the latest real estate statistics for this past month and compared them to what we saw at this time last year. Here are a few of the more important things we want you to know about:

1. The 7,214 home sales we saw last month are up from the 6,890 we saw in November 2016.

2. The average sale price is up from $282,000 in November 2016 to $308,000 in November of this year.

3. The average days on market is down from 67 days to just 63.

4. The average sold price per square foot is up 6.5%, from $277,000 to $296,000. A great figure for anybody who is thinking of getting in the market.


Reach out if you have any specific questions for us.


If you have any specific questions or want to learn more about what’s going on in the market, give us a call or send us an email. In the meantime, we wish you and your family a very happy holiday season and a happy new year. We were blessed to be able to help so many of you this year, and we hope to help even more of you in the future.

We look forward to hearing from you soon!