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Snapshot Real Estate Market Report for Mesa, Arizona ~ February 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


February 2009 vs. February 2008

 

  • 377 single family detached homes were purchased last month vs. 252 last year.

  • The average price paid was $174,218 vs. $235,263 last year.

  • The median price came in at $135,000 vs. $210,000 last year.

  • The ratio of purchase price to list price was 95% vs. 96% last year.

  • 236 of the homes (63%) were bank owned vs. 60 homes (21%) last year.

  • The average time on the market was 85 days vs. 109 days last year.

  • There were 4,151 Active single family listings vs. 4,450 last year.


Click Here for full current Mesa Market Report


Mesa Homes

 

photo by Miguel Folch