Aug 3 2016 Market Update

Aug 3 2016 Market Update

August 2 - Preliminary reports from Maricopa County recording for July show similar trends to those we mentioned yesterday from the ARMLS closings. Recorded deeds in Maricopa County declined 3% from July 2015. The 10% drop in working days between July 2015 and July 2016 is the entire explanation for this anomaly. Expect the situation to reverse in August which has 23 working days in 2016 compared with only 21 in 2015.

The overall median sales price came in at $235,000 which is up 6.8% from July 2015 but down 2.1% from June 2016.

New home sales were up 16.5% from July last year but re-sales were down by 4.5%. The median sales price for new homes increased by 1.1% to $318,660 while than for re-sales rose by 6.7% since July 2015. New homes are gaining market share, but their prices have not increased very much.

Dave Zajdzinski Headshot
Phone: 480-332-6468
Dated: August 3rd 2016
Views: 92
About Dave: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Nov 17 2016 Two Year Market Appreciation - Which ZIP codes the strongest
Oct 14 2016 Market Update - October 6 - It is time again
GIlbert Living - As a Realtor in the east Valley I
Aug 31 2016 Market Update Phoenix Up 60 Percent From 2011 - Another S&P/Case-Shiller® Home

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

ReMax Infinity The Z TEAM
2450 S Arizona Ave
Chandler, AZ