City of Tempe Residential Sales Increase 12%

Through the end of October 2015, the city of Tempe posted a total of 1,809 residential listings sold year to date. The average sales price of $247,933 showed a gain of 7.7% from the same period in 2014. The total number of sold listings in Tempe saw a 12.1% gain over the same time period one year ago, which reported a volume of 1,614 sold residences, a year-to-year net increase of 195 closed sales. Reporting 428 residential properties sold year to date, the 200,000-249,999 price category showed one of the highest numbers of completed transactions.

Homes For Sale Prices Show 8.2% Uptick. Tempe had a total of 2,718 actively listed for sale houses in 2015 through the month of October. The 200,000-249,999 price category posted one of the highest numbers of residences for sale with 597 properties. The overall inventory of active listings in Tempe showed a 0.2% fall compared to the same reporting period a year ago, which had 2,723 for sale properties, a year-over-year drop of 5 homes. The year-to-date average active list price of $281,156 was an increase of 8.2% above the average list price of $259,965 from this time period a year ago. The average days on market for active residential listings in Tempe was 60 days through the month of October, a 10.5% decline below the average when compared to this period in 2014. Residential listings appear to be taking less days to sell this year on average.

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

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