Tempe Homes Sold Post 14% Uptick

Through the end of August 2015, the city of Tempe saw 1,507 residences sold year to date. The average sales price of $241,531 recorded a gain of 5.0% above the average price of $229,974 from the same time period a year ago. When compared to this time period in 2014, which posted 1,323 sold homes, Tempe saw a 13.9% increase in overall amount of sold listings, showing a net advance 184 closed sales transactions. With 354 residential listings sold year to date, the 200,000-249,999 price range recorded one of the largest numbers of closed sales transactions.

Homes For Sale Prices See 8.7% Increase. Tempe showed a total of 2,292 active for sale homes so far in 2015 through August 31. With 509 residences for sale, the 200,000-249,999 price range posted one of the largest numbers of properties listed. The total number of active listings in Tempe showed a 0.7% reduction over the same period a year ago, which showed 2,309 residences for sale, a year-over-year decline of 17 homes. The average active listed price year to date increased 8.7% from this period one year ago, reaching $281,597. Listed for sale homes are requiring less time on market to sell this year on average. Compared to the same time range one year ago, the cumulative days on market for active property listings in Tempe was 62 days, a decline of 10.1%.

Sam Lawmaster is a Tempe REALTOR who specializes in residential listings. Market data provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. To receive current local real estate info or to request a free no obligation evaluation of your current property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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