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Welcome to Phoenix, AZ

The Valley of the Sun centers around Phoenix
Looking for sunshine? We’ve got it! Phoenix averages 300 days of sunshine or over 85% of daylight hours per year. Meaning there is ample opportunity to enjoy the outdoors with hiking, golfing and more minutes from downtown. Phoenix also boasts many museums and cultural venues with a large span of diversity to appeal to everyone. While some of the native flora and fauna of the Sonoran Desert can be found within Phoenix city limits, most are found in the suburbs and the undeveloped desert areas that surround the city. This is not just a vacation destination, but a great place to live.

PHOENIX LISTINGS

New Listing - 4 weeks online
$529,000
Single Family Home For Sale
Under Contract Backups
4
BEDS
3
TOTAL BATHS
2,495
SQFT
2716 N 38th Place
Phoenix, AZ 85008
North East Village 4 Subdivision
New Listing - 3 weeks online
$650,000
Multi-Family For Sale
Under Contract Backups
MARICOPA
COUNTY
2921 N 38th Street
Phoenix, AZ 85004
 
New Listing - 3 weeks online
$650,000
Multi-Family For Sale
Under Contract Backups
MARICOPA
COUNTY
2923 N 38th Street
Phoenix, AZ 85018
Citrus Acres Lots 21 Thru 60 Subdivision
New Listing - 3 weeks online
$650,000
Multi-Family For Sale
Under Contract Backups
MARICOPA
COUNTY
2927 N 38th Street
Phoenix, AZ 85018
Citrus Acres Lots 21 Thru 60 Subdivision
New Listing - 2 weeks online
$315,000
Townhouse For Sale
Active
2
BEDS
2
TOTAL BATHS
980
SQFT
3039 N 38th Street #3
Phoenix, AZ 85018
Linden Townhouse Condomin Subdivision
New Listing - 4 weeks online
$525,000
Townhouse For Sale
Under Contract Backups
3
BEDS
3
TOTAL BATHS
1,787
SQFT
3030 N 38th Street #117
Phoenix, AZ 85018
38 North Condominium Subdivision
New Listing - 4 weeks online
$425,000
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
1,444
SQFT
3450 E Yale Street
Phoenix, AZ 85008
Lawndale Blks 1, 3 Subdivision
New Listing - 6 days online
$429,000
Single Family Home For Sale
Under Contract Backups
3
BEDS
2
TOTAL BATHS
1,158
SQFT
2401 N 37th Way
Phoenix, AZ 85008
North East Village 1 Subdivision

Looking for a home in Phoenix?

Let us help you find the perfect home in a great neighborhood.

 

Call or Text (602) 644-1416

PHOENIX, AZ  MARKET

October, 2021 Phoenix Metro Area

For the monthly period ending October 15, we are currently recording a sales $/SF of $252.31 averaged for all areas and types across the ARMLS database. This is down 0.2% from the $252.77 we now measure for September 15. Our forecast range mid-point was $256.27, so we were expecting a 1.4% rise and saw a slight fall instead. However the result was well within our 90% confidence window.

On October 15 the pending listings for all areas & types show an average list $/SF of $263.96, up 2.8% from the reading for September 15. Among those pending listings we have 99.6% normal, 0.2% in REOs and 0.2% in short sales and pre-foreclosures. The short sale and pre-foreclosure percentages remain extremely low.

Our mid-point forecast for the average monthly sales $/SF on October 15 is $260.63, which is 2.8% above the October 15 reading. We have a 90% confidence that it will fall within ± 2% of this midpoint, i.e. in the range of $255.42 to $265.84.

Prices have been pretty flat for the past 4 months, but we are expecting them to rise significantly during the fourth quarter. We remain confident of this due to the strong upward trend in the average price per square foot for listings under contract.

ACTIVE LISTINGS

MEDIAN SALES PRICE

MONTHLY SALES

AVG. PRICE PER SQ. FT.

Data as of 10-15-21 courtesy of Cromford Report® and First American Title

WHAT YOU NEED TO KNOW

 Phoenix is a sprawling and busy metropolitan area with Sky Harbor Airport voted “America’s Friendliest Airport” that is one of the busiest airports in the nation serving 46 million passengers in 2019. Phoenix began as an agricultural, farming community and is still impacted economically by local growers and the 5 Cs: cotton, cattle, citrus, climate and copper. The Phoenix metropolitan area is serviced by 56+ hospitals and medical centers. The Mayo Clinic, is north of downtown, Banner Health is a non-profit health system in the United States, based in Phoenix and on of the city’s largest employers.  Barrow Neurological Institute (BNI) is the world’s largest dedicated neurosurgical center and a leader in neurosurgical training, research since 1962. While Cancer Treatment Centers of America cares for patients from all over the nation.

 

phoenix home search team beery

WHY CHOOSE PHOENIX?

According to Payscale, Phoenix’s cost of living is 5% lower than the national average. Compared to other cities around the nation property taxes are lower. Tourism has always been a large economic source for the Phoenix area, but the influx of GoDaddy and InfusionSoft along with other IT companies is creating a technology hub. AZ Big Media says more than 60 percent of the private sector works in advanced industry sectors: business and financial services, bioscience and healthcare, manufacturing or technology. This diversified job market is great for the local economy and shows resilience. Exemplifying how Phoenix was named for a bird that rises out of the ashes.

phoenix home search team beery

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