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Real Estate Market Report for Mesa, Arizona ~ March 2009

By
Real Estate Broker/Owner with Dreamcatcher Realty / Greater Phoenix Area

 

MESA, ARIZONA

 

...continues with its long-standing reputation of being one of the most desirable communities in The Valley of the Sun!

 

Sunset in Arizona


March 2009 vs. March 2008

 

  • 552 single family detached homes were purchased last month vs. 310 last year.

  • The average price paid was $152,191 vs. $256,219 last year.

  • The median price came in at $130,000 vs. $205,000 last year.

  • The ratio of purchase price to list price was 100% vs. 97% last year.

  • 346 of the homes (63%) were bank owned vs. 70 homes (23%) last year.

  • The average time on the market was 82 days vs. 105 days last year.

  • There were 4,114 Active single family listings vs. 4,555 last year.


Click Here for full current Mesa Market Report


Mesa Homes

 

photo by Miguel Folch