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Houses for Sale in Tempe in The Lakes Community: A Market Report

By
Real Estate Broker/Owner with Metro Phoenix Homes BR518431000

Metro Phoenix Homes presents our mid-February edition of  houses for sale in Tempe in The Lakes Community. The Lakes Community is located between Rural Road and McClintock Road, just south of Baseline Road.  It's a highly desirable area with a lot of amenities located 3 miles from Arizona State University. The homes were built between 1971 and 1986 and vasry in size from 1,250 square feet to almost 6,000 square feet. image of lake view for houses for sale in Tempe in The Lakes

If you're looking for a home in The Lakes here is the news: there were 18 houses for sale in Tempe in The Lakes  to begin in February 2013. All those homes can be viewed directly from the Phoenix area MLS feed right here: Homes in The Lakes. 10 homes are currently under contract (pending sale) and in some stage of the home buying process. 19 properties sold between Thanksgiving 2012 and the 1st week of February 2013. Image leading to page where all homes for sale in Tempe AZ can be found

Facts about active houses for sale in Tempe and The Lakes:

  • the average listing price is $212,954, the average home is 1,810 SF, and the average days on market is 77
  • the least expensive property is a townhouse for $95,000 with 2 bedrooms, one bathroom, and 1,050 SF; it does not have a lake view and had been on the market 44 days as of today
  • the most expensively priceded property is a home for $395,900 with 5 bedrooms, 2.5 bathrooms, and 3,048 SF; it does not have a lake view and has also been on the market 44 days as oftoday

Search ALL HOUSES FOR SALE IN TEMPE by clicking on "the key".

Houses for sale in Tempe in The Lakes under contract:

  • begin at $109,900 for a two-bedroom, 2 bathroom condo with 1,144 square feet and a lakefront view
  • end with a $319,000 home with 2,398 square feet, 4 bedrooms, 2 bathrooms, a private pool and no lake view
  • average $191,717 for 1,746 square feet with an average market time of 100 days to date

 Houses for sale in Tempe in The Lakes: comparable sales

This next section is important whether you're a homeowner interested in selling or a home buyer interested in buying: the recent sales!

The lowest sale was for $79,000 and the highest sale was $440,000. The average sales price was $245,963 for a house averaging 2155 square feet, or $112 per square foot.

Image of comparable sales for houses in Tempe in the lakes

Contact us if you have any questions about the data in this article or about houses for sale in Tempe Arizona. Our office is in Tempe, we live in Tempe, and we play in Tempe.

Tempe Homes for Sale