Home Prices in Peoria, AZ for July 2013
Real Estate market data provided by Shawn Burns of Rock Point Realty, LLC.
PEORIA HOME PRICES
For the month of July 2013, we saw a decrease in listing prices in Peoria. From June to July, the average listing dropped significantly with a decrease of 6.3%. While not as dramatic, we saw a decrease in the median listing price of 4.2% as well. As we wind up the summer months, kids are heading back to school and so we will see a little less activity in the months to come as a lot of families do not want to move right after their children get situated at the beginning of the school year. We will also soon be seeing the impact of the increase in interest rates during the month of June and July.
While we saw an increase in the average sales price in homes last month, the average sales price during the month of July remained pretty steady. Overall, the average sales price for a home in Peoria in July 2013 was down a tiny 0.4% from the month of June. The median sales price in July 2013 did increase 6.4% from June.
PEORIA MARKET REPORT SUMMARY
While the overall average listing price was down in July, the average listing price per square foot actually held strong with an increase of $0.05 from the month of June. There were 362 single family homes listed for sale in Peoria during the month of July. During the same time period, there were 329 single family homes that sold. We are still not seeing a large surplus of homes on the market currently and homes are selling fast. The average price per square foot home sold in July was down only $0.99 from the month of June. For single family homes in Peoria, the average selling price was 97.2% of the original list price, so most homes are not accepting low-ball offers. Here are some important statistics when looking at the Peoria real estate market for the month of July:
New Listing Data
- Average Listing Price - $258,946
- Median Listing Price - $230,000
- Average Listing Price Per Square Foot - $118.81
Monthly Sales Data
- Average Sale Price - $236,205
- Median Sale Price - $215,000
- Average Selling Price Per Square Foot - $109.06
- Average Days on Market - 51
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