Cyprus East Tempe House Listings Record 26% Drop

As of August, the Cyprus East neighborhood in Tempe, AZ recorded a total of 20 active property listings so far in 2015. The 200,000-249,999 price range showed one of the greatest numbers of homes for sale at 13 properties listed. The total amount of active residential listings in Cyprus East posted a 25.9% decline compared to the same time range last year, which saw 27 residences for sale, a net reduction of 7 listings. The area's average active listed price year to date of $242,183 recorded an increase of 0.3% above the average listed price of $241,472 from this time range a year ago. The cumulative days on market for active homes for sale in Cyprus East was 66 days through August 31. This is a 29.4% gain from the average in comparison to this time range in 2014. Property listings are staying on the market longer this year on average.

House Sales See 12% Decline. Cyprus East reported a total of 15 properties sold year to date as of August 31, 2015, and the average sales price of $234,233 decreased 3.3% from the average price of $242,185 from the same time period in 2014. Compared to this time range last year, which reported 17 sold properties, Cyprus East had an 11.8% decrease in overall number of sold listings, showing a net decrease 2 completed sales transactions. Reporting 9 residential home sales year to date, the 200,000-249,999 price bracket recorded one of the greatest numbers of sales.

Stats provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most recent Cyprus East real estate market info or to request a free no obligation evaluation of your current property, please call Tempe real estate listing specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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