June 2016 Maricopa County Real Estate Market Report:
The Maricopa County real estate market has been extremely active during the month of June. In all, there were 9,667 new listings, 24,494 active listings, 5,089 pending listings, and 8,960 sold listings. The average sale price during June 2016 was $282,367 for the homes that sold. This means that for those buyers out there that have been waiting for prices to go down, unfortunately the market has done the opposite. Many buyers that qualified last year in the up to $180,000 price range are now struggling to find home sales in that price range since the prices went up. For example, last year in June there were 3,164 homes that sold for under $180,000, this year there were only 2,597. With 20 percent less homes available and selling in that price range, it is imperative that these buyers work with a Realtor that has their thumb on the pulse of the market and know exactly what options there are and more importantly where to find them.
Here is how the home sales break down by cities in the West Valley
City Number of Sales Average Sale Price
Avondale 144 $208,002
Buckeye 204 $221,442
Glendale 400 $222,479
Goodyear 207 $262,491
Litchfield Park 65 $318,510
Peoria 355 $273,728
Phoenix 2,081 $264,644
Surprise 358 $226,110
Tolleson 48 $188,245
If you may be thinking about buying or selling your home please contact us today for your consultation. This market is moving fast and you need to work with Realtors that can get you the best deal possible for your investment. The Ewen Real Estate Team is standing by to assist you today!