TempeRealEstateBlog – Tempe Condos Market Update (Urban, Loft, Apartment)

Website: http://www.TempeHomesCondos.com/

 

The Tempe Condo Market Is Moving Along Like A Roller Coaster Ride Especially In The Newer Urban Complexes Like 5th Street West, Bridgeview And Edgewater At Hayden Ferry On Mill, Brownstone At Hyde Parke, Haden Square, Lofts At Orchidhouse, And Regatta Pointe. These Units Can Sell At The Lower End But Also Bring In Sales Higher Than The Previous Sale In The Complex. Reasons For This Is That Right Now Although Some Of These Units Are Priced High For The Current Market Data Are Still At A Great Bargain For What You Get From The Construction To The Location Of The Complex. The Cost To Build These Units Is More Expensive Than The Prices Of The Units Already Built Today. Many Buyers Paying High Price For These Units Are Not Form Arizona And These Prices Are A Bargain For Them From The Prices Of A Unit Similar Where They Live.

In The Traditional Apartment/Loft Units Near ASU And Tempe Like Villagio At Tempe, Questa Vida, And Papago Park Village Prices Seem To Be Stabilizing And Even Increasing Slightly In These Complexes. Your Typical Buyer Is A Young Professional Looking To Live The Tempe Lifestyle With An Option For Residual Income In The Future Because The Units Can Easily Be Rented Out In The Future If They Decide To Upsize/Upgrade And Purchase A Home. The Other Buyer Is An Investor Looking To Rent The Unit Out. At The Current Prices In These Complexes You Can’t Go Wrong As Your Monthly Mortgage Payment Will Be Equivalent, Similar, Or Slightly Less To A Condo Rental In The Area.

5th Street West Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold 0 Sales 0 Sale Only One Sale $274,000
Median Price Sold
Days On Market

Hayden Ferry Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold $441,193 $348,841 $357,688
Median Price Sold $433,580 $269,500 $347,750
Days On Market Avg 311/Median 216 Avg 73/Median 74 Avg 200/Median 169

Brownstone At Hyde Park Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold Only One Sale $303,222 $266,967 $210,760
Median Price Sold $299,900 $193,800
Days On Market Avg 147/Median 117 Avg 351/Median 363

Hayden Square Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold $96,333 $160,050 Only 1 Sale $182,500
Median Price Sold $100,000 $172,500
Days On Market Avg 56/Median 50 Avg 143 /Median 185

Lofts At Orchidhouse Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold Only 1 Sale $300,000 O Sales 0 Sales
Median Price Sold
Days On Market

Papago Park Village Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold $66,950 $70,730 $73,240
Median Price Sold $66,950 $68,000 $73,200
Days On Market  Avg 37/Median 37 Avg 81/Median 38 Avg 97/ Median 79

Regatta Pointe Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold $153,717 $130,000 Only 1 Sale $175,000
Median Price Sold $151,250 $130,000
Days On Market  Avg 338/ Median 181 Avg 156/ Median 156

Tempe Gardens Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold $73,700 $58,537 $70,467
Median Price Sold $66,750 $58,000 $63,900
Days On Market Avg 145/ Median 73 Avg 114/ Median 112 Avg 18/ Median 12

Vale Condominiums Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold $146,400
Median Price Sold $146,400
Days On Market 73 Days On Market

Villagio Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold $122,355 $128,796 $127,908
Median Price Sold $128,250 $124,900 $124,950
Days On Market  Avg 114/ Median 107 Avg 160 / Median 98 Avg 91 / Median 30

Questa Vida Condos Tempe

1st Quarter 2nd Quarter 3rd Quarter
Average Price Sold $72,333 $78,167 $83,188
Median Price Sold $71,750 $83,000 $79,375
Days On Market  Avg 136/ Median 69 Avg 16 / Median 19 Avg 88/ Median 25

Buying or Selling a condo in Tempe –  http://www.TempeHomesCondos.com/

Tags – 5th Street WestBridgeview At Hayden FerryEdgewater At Hayden FerryBrownstone At Hyde ParkHayden Square,Lofts At OrchidhousePapago Park VillageRegatta PointeTempe GardenVale CondominiumsVillagioQuesta Vida,Tempe Homes And Condos For SaleTempe Realtor Juan PesqueiraTempe Condos Near ASU And Mill AveTempe Lifestyle.

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