Phoenix Market Trend - Monthly Average Sales Price as of 10/15/2012
As this chart signifies, the Monthly Average Sales Price per Square Foot is a great indicator as to how homes in the Valley of the Sun are being priced and for what they are sold. As history shows, we see that there were slight increases in the past two years, then the price would fall per square foot. However, if you notice from August 2011 until October 2012 there has been a significant climb upward with this number (from $83.45 in August 2011 gradually moving up to $110.45 in the month of October 2012 so far). There was a month where the price stayed the same overall - however, the Metro Phoenix area has not seen a drop in the number for the past year.
This is GREAT news if you are selling your home!! This is evidence that now is the best time to get "in the game" and get the most for what your home is truly worth. With the price per square foot on the rise - this means that buyers are buying more of what the sellers are putting out there. The more homes that sell in Metro Phoenix means that the people who are selling their homes are getting more of what they are asking for in the sales. This is a GREAT time to put your home on the market and to get more of what you are asking for in the end.
Give us a call at the Phoenix Property Shoppe and we can go over the options that might be available to you and your family - whether that means moving closer to work to save money on travel and work expenses or if you are trying to upgrade your situation. Whatever your situation - we have a solution that can help! Call to make an appointment for our FREE PROPERTY ANALYSIS to see what we can do to help you!
Phoenix Market Trend - Monthly Average Sales Price as of 10/15/2012
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