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2012 Tempe Real Estate Market as a Whole! Areas that Produced Increase in prices and Decrease | Tempe Realty Co.
Tempe Realty Co.
Check out where prices went up, down, stayed the same within the year and my projection for 2013
The Tempe Real Estate Market recorded price increases in every zip code accept the 85281 and 85284 Condo/Townhome market where there was actually a decline in average and median home prices from the first half of the year to the second half.
The 85281 condo market price drop is false because Tempe had some of the most expensive penthouse condos sold within the first half at 1.9, 1.65, and 1.3 all sold at Bridgeview at Hayden Ferry. Even with these high prices sold the drop was minimal.
Zip code 85284 condo/townhome price drop should also not be taken too much as well because 85284 is primarily single family luxury homes and only a hand full of condo/townhomes sold within the first half and second half.
For the most part Tempe saw anywhere from $15,000 – $40,000 price increase in values. For the following year 2013 I still see Tempe prices increasing but not to the extent that it did during 2012. In fact I believe that some areas will have a slight price drop due to overpriced listings, buyers more educated and more patient, and I feel more homes will come on the market. In my neighborhood along Tempe Royal Palms/McClintock Manor I am already seeing homes that were listed, dropping prices.
85281 Single Family Homes
| 1st Half | 2nd Half | |
| Average | $141,235 | $166,905 |
| Median | $132,975 | $146,000 |
| Days on Market | 79/39 | 48/28 |
85281 Condos & Townhome
| 1st Half | 2nd Half | |
| Average | $179,422 | $164,399 |
| Median | $127,500 | $128,250 |
| Days on Market | 94/34 | 87/37 |
85282 Single Family Homes
| 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | |
| Average | $154,409 | $165,363 | $173,198 | $182,144 |
| Median | $154,450 | $160,500 | $162,000 | $180,000 |
| Days on Market | 60/45 | 73/28 | 55/22 | 53/32 |
85282 Condos & Townhome
| 1st Half | 2nd Half | |
| Average | $83,308 | $96,073 |
| Median | $80,000 | $94,250 |
| Days on Market | 60/29 | 52/28 |
85283 Single Family Homes
| 1st Half | 2nd Half | |
| Average | $170,678 | $198,113 |
| Median | $150,250 | $179,950 |
| Days on Market | 64/35 | 56/28 |
85283 Condos & Townhome
| 1st Half | 2nd Half | |
| Average | $92,138 | $117,187 |
| Median | $80,000 | $103,000 |
| Days on Market | 64/35 | 51/27 |
85284 Single Family Homes
| 1st Half | 2nd Half | |
| Average | $332,238 | $378,609 |
| Median | $277,500 | $317,750 |
| Days on Market | 75/33 | 52/27 |
85284 Condos & Townhome
| 1st Half | 2nd Half | |
| Average | $170,046 | $168,300 |
| Median | $170,000 | $163,250 |
| Days on Market | 71/67 | 62/35 |
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85281 Single Family = +$13,075 – $25,670 |
|
85281 Condo/Townhome = – $15,023 |
|
85282 Single Family = + $25,550 – $27,735 |
|
85282 Condo/Townhome = + $12,765 – $14,250 |
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85283 Single Family = + $27,435 -$29,700 |
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85283 Condo/Townhome = + $23,000 – $25,049 |
|
85284 Single Family = + $40,250 – $46,371 |
|
85284 Condo/Townhome = – $1,746 – $6,750 |
Want to know what you can do to sell your home for top dollar? Call 480.458.8007 for a private consultation. Considering selling a home or condo in Tempe Contact Tempe Realty Co and your Tempe Experts for a true market value estimate today!
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TempeHomesCondos.Com
2310 South McClintock Dr
Tempe, AZ 85282
Office 480-458-8007
Email: TempeHomesCondos@Gmail.Com
Tempe Realty Co.
Tempe Realty Co.
Tempe Realty Co.
American Associates
2310 South McClintock Dr
Tempe, AZ 85282
Office 480-458-8007
