Phoenix MSA Housing Statistics

Phoenix MSA Housing Statistics

Apr-13

Mar-14

Apr-14

Yr/Yr % chng

Median price paid per sq. ft. for resale detached houses

$103

$113

$113

9.70%

Median price paid per sq. ft. for resale condos

$101

$110

$107

5.40%

Foreclosure resales as a % of all resales*

14.30%

8.90%

7.80%

-45.50%

Number of houses and condo units foreclosed on**

1,118

686

542

-51.50%

Number of homes sold for $2 million or more

22

21

32

45.50%

% homes sold to cash buyers

37.20%

30.60%

30.90%

-16.80%

Median price paid by cash buyers

$150,000

$170,000

$170,499

13.70%

% homes sold to absentee (investor/vacation) buyers

34.70%

29.60%

29.60%

-14.60%

Median price paid by absentee buyers

$152,000

$165,000

$164,887

8.50%

% homes flipped (sold 2X w/in 6 mos.) on the open market

5.40%

3.80%

3.80%

-29.60%

% purchase mortgages with an adjustable rate (ARMs)

3.30%

6.20%

5.80%

76.20%

% home purchase loans FHA insured

27.20%

26.80%

28.40%

4.40%

Comments:

*Homes that had been foreclosed on in the prior 12 months

**Based on the # of Trustees Deeds filed on houses and condo units