This increase is pretty typical for us this time of year due it being our 'High Season.'
Maricopa County held steady overall from May to June, increasing just a little bit from 5,633 closings to 5,695.
Pending Transactions are up 24% from May, which will hopefully translate into more increases in closings for the month of July across the Valley.
Here are some highlights from other areas:
TOP SELLING MLS AREAS
Area 313 moved to #1 (Surprise/El Mirage/ Youngtown) in the Top Selling MLS Areas chart with 293 closings at an average sale price of $185,065
**Area 313 also ranked #8 in the FASTEST Selling MLS Areas chart at an average of 114 days on market
Area 318 dropped to #5 (Sun City/Sun City West) after a long run at #1
Other MLS Areas that moved UP in the Top 10 rank include:
Area 323 (West Side - Glendale/Phoenix) from #4 to #2
Area 507 (SE Valley - Gilbert) from #6 to #3
Area 403 (N. Phoenix/ Kierland) from #7 to #6
Area 324 (West Side - Tolleson) from #10 to #7
SCOTTSDALE - Held steady from May to June, up a whopping 2 closings overall. The following areas had the greatest increases:
Area 406 (South Scottsdale) - UP 39%
Area 401 (Cave Creek/ Carefree) - UP 26%
Area 408 (N. Scottsdale) - UP 18%
Area 403 (N. Phoenix/ Kierland) - UP 11%
CENTRAL CORRIDOR - Had the greatest improvement from May to June with an increase of 18%! Every MLS area in the Central Corridor increased, here are the largest ones:
Area 204 (101/Dunlap/I-17/16th St) - UP 44%
Area 205 (Dunlap/I-10/43rd Ave/I-17) - UP 24%
Area 208 (Salt River/South Mtn/43rd Ave/40th St) - UP 23%
Area 207 (I-10/Salt River/43rd Ave/40th St) - UP 107% **from 13 sales to 27 sales**
WEST SIDE - Held steady from May to June, up by 10 closings. The following areas stood out for June:
Area 313 (Surprise/El Mirage/Youngtown) - UP 24%
Area 315 (S. Goodyear/S. Avondale) - UP 23%
Area 324 (Tolleson) - UP 18%
Area 323 (Glendale/Phoenix) - UP 17%
Area 320 (E. Goodyear/Avondale) - UP 12%
Area 325 (W. of South Mtn.) - UP 118% **from 11 sales to 24**
SOUTHEAST VALLEY - Held steady from May to June, down just slightly by 51 closings. The following areas still had great months:
Area 515 (Queen Creek) - UP 30%
Area 507 (Gilbert) - UP 15%
Area 511 (S. Gilbert) - UP 14%
Brought to you by Laurie Marlow over at Capital Title.
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