Tempe Real Estate Housing Market Report - January 2021
#TimeToBuy,#FirstTimeHomeBuyers,#MoveUpHomeBuyers,#5StarREALTOR,
#ChrisBJohnsonREALTOR,#TopProducer, #709OrchardSt, #FlipandFix,#RealEstateInvestor,#RentalProperties, #BoomerageBuyers,#MultiGenerationalBuyers,#AJIBoom,#FindYourDreamHome,
Here is the most recent Tempe Real Estate Housing Market Report for January 2021:The average sales price of homes in Tempe increased over $11k to start the new year at $451,456. This is a new all-time high for the average sales price in Tempe, AZ. The average sold price per square foot remained the same as last month at $229/sf.Days on market has decreased, after increasing for fourth straight month, and is now at 42 DOM for January.Tempe home sales started off the new year at exactly the same total as January of last year, at 96. It is typical for home sales to start off slow in the beginning of a new year, but this total is more sales than in 2019 and 2018.The number of new listings is down -6.6% from January of last year, and the number of active listings is also down -20.0% from January of last year.The lack of listings continues to drive demand and home prices higher, so if listings continue to be less than previous years, expect home values to continue to increase.With that said, median home values in Tempe have increased an average of 17.4% since January of 2020. With interest rates remaining below 3.0%, there will still be more buyers looking to purchase in 2020.Click on the following link to see all current Tempe Arizona Homes For Sale.For more detailed stats on the Tempe Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me se we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help."Real Estate is not just a job for me,it's about making a difference in the lives of others"Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Phoenix and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.Licensed Residential Realtor® in Arizona at 602-295-6807
for Phoenix, Chandler, Ahwatukee, Tempe, and Gilbert, Arizona Real Estate.
Check out our website for all Arizona Real Estate and Homes For Sale in subdivisions like Sun Lakes, Ocotillo, Lakewood, Mountain Park Ranch, Pepperwood, Circle G Ranches, and many others throughout the East Valley.
"Real Estate is more than just about a job for me. It is about making a difference in the lives of others. I help people just like you Buy, Sell, and Invest in East Valley Arizona Real Estate!"
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This post is for informational purposes only and should not be construed as legal advice. If you desire specific legal or tax advice, please consult the appropriate professional. The opinions expressed here represent my own and not those of my employer. Troy Erickson will not be held liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness; or any losses, injuries or damages arising from its display or use.
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