Phoenix Residential Real Estate Stats – September 20, 2021
Inventory was essentially flat this week and there were a mixture of slight changes in price per foot among the outlined areas with Anthem showing the largest jump in price increase. Scottsdale price per square foot is continuing to increase while Phoenix homes prices have been fairly stable during the past couple of months. Overall, many are starting to refer to the market as stabilizing which means there aren’t as many buyers competing for the same homes. However, there are still more buyers than sellers so it is still a seller’s market and there is still very strong demand for the best homes when they become available. This may change as the weather cools and more people start to visit again in the Fall which could add to the demand again.
According to my friends at First American Title, the median home sold last week was on the market for the following: (note: some areas can have greater fluctuation each week due to a low volume of transactions)
- Area – Median Days on Market
- Anthem – 21 days – price per foot = $293
- Cave Creek – 21 days – price per foot = $323
- Carefree – 119 days – price per foot = $463
- Phoenix – 21 days – price per foot = $271
- Scottsdale – 35 days – price per foot = $417
| Residential Real Estate Market Stats by Area | |||||
| Median Days on Mrkt | Change | Price/sq ft | Change | ||
| Anthem | |||||
| 20-Sep | 21 | -40.0% | 293 | 4.3% | |
| 13-Sep | 35 | -28.6% | 281 | -0.7% | |
| 6-Sep | 49 | 40.0% | 283 | -0.4% | Two Week Change |
| 23-Aug | 35 | 0.0% | 284 | -3.1% | (normally 1 week) |
| 16-Aug | 35 | 25.0% | 293 | 3.9% | |
| 9-Aug | 28 | 33.3% | 282 | 1.1% | |
| 2-Aug | 21 | 50.0% | 279 | 1.1% | |
| 26-Jul | 14 | -44.0% | 276 | -5.8% | |
| 19-Jul | 25 | 19.0% | 293 | 3.9% | |
| 12-Jul | 21 | 50.0% | 282 | 2.5% | |
| 5-Jul | 14 | 0.0% | 275 | ||
| 28-Jun | 14 | na | |||
| Cave Creek | |||||
| 20-Sep | 21 | -16.0% | 323 | -1.2% | |
| 13-Sep | 25 | 19.0% | 327 | 1.6% | |
| 6-Sep | 21 | 50.0% | 322 | 0.0% | Two Week Change |
| 23-Aug | 14 | -33.3% | 322 | -1.8% | (normally 1 week) |
| 16-Aug | 21 | -25.0% | 328 | 0.3% | |
| 9-Aug | 28 | -33.3% | 327 | -4.4% | |
| 2-Aug | 42 | 20.0% | 342 | -2.0% | |
| 26-Jul | 35 | -37.5% | 349 | 0.0% | |
| 19-Jul | 56 | 14.3% | 349 | -0.6% | |
| 12-Jul | 49 | 40.0% | 351 | 7.7% | |
| 5-Jul | 35 | 0.0% | 326 | ||
| 28-Jun | 35 | na | |||
| Carefree | |||||
| 20-Sep | 119 | 0.0% | 463 | -0.2% | |
| 13-Sep | 119 | 13.3% | 464 | 0.0% | |
| 6-Sep | 105 | 10.5% | 464 | 8.2% | Two Week Change |
| 23-Aug | 95 | 13.1% | 429 | -3.2% | (normally 1 week) |
| 16-Aug | 84 | 3.7% | 443 | -1.1% | |
| 9-Aug | 81 | 5.2% | 448 | -3.2% | |
| 2-Aug | 77 | 14.9% | 463 | 7.9% | |
| 26-Jul | 67 | 26.4% | 429 | 0.0% | |
| 19-Jul | 53 | 8.2% | 429 | 0.9% | |
| 12-Jul | 49 | 6.5% | 425 | 1.7% | |
| 5-Jul | 46 | 418 | |||
| 28-Jun | na | na | |||
| Phoenix | |||||
| 20-Sep | 21 | 0.0% | 271 | 0.0% | |
| 13-Sep | 21 | 0.0% | 271 | -0.4% | |
| 6-Sep | 21 | 50.0% | 272 | 0.7% | Two Week Change |
| 23-Aug | 14 | 0.0% | 270 | -0.7% | (normally 1 week) |
| 16-Aug | 14 | 0.0% | 272 | 1.9% | |
| 9-Aug | 14 | 0.0% | 267 | -0.4% | |
| 2-Aug | 14 | 0.0% | 268 | -0.7% | |
| 26-Jul | 14 | 0.0% | 270 | 1.1% | |
| 19-Jul | 14 | 0.0% | 267 | -0.7% | |
| 12-Jul | 14 | 0.0% | 269 | 0.0% | |
| 5-Jul | 14 | 0.0% | 269 | ||
| 28-Jun | 14 | na | |||
| Scottsdale | |||||
| 20-Sep | 35 | 0.0% | 417 | 1.2% | |
| 13-Sep | 35 | 0.0% | 412 | 0.7% | |
| 6-Sep | 35 | 25.0% | 409 | 2.8% | Two Week Change |
| 23-Aug | 28 | 0.0% | 398 | -1.7% | (normally 1 week) |
| 16-Aug | 28 | 0.0% | 405 | -0.2% | |
| 9-Aug | 28 | 0.0% | 406 | 1.0% | |
| 2-Aug | 28 | 0.0% | 402 | -2.4% | |
| 26-Jul | 28 | 0.0% | 412 | 2.5% | |
| 19-Jul | 28 | 0.0% | 402 | 0.0% | |
| 12-Jul | 28 | -20.0% | 402 | 1.0% | |
| 5-Jul | 35 | 0.0% | 398 | ||
| 28-Jun | 35 | na |
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