Tempe Real Estate Market Update 1st Quarter 2014; See Where Values are Increasing/Decreasing

house-price-increase

Jan 1- March 31 2014

Zip Code 85281 85282 85283 85284   85281 85282 85283 85284
Single Family Condos
Median $203,000 $210,000 $231,500 $368,333 $188,000 $114,000 $126,000 $197,000
Avg $210,811 $224,337 $219,336 $401,108 $196,563 $121,610 $143,229 $195,250
DoM 101 67 60 92 93 76 67 53
PPSF $132 $124 $129 $155 $152 $103 $112 $133

 

  Single Family Condo
85281 $203,000 $188,000
85282 $210,000 $114,000
85283 $231,500 $126,000
85284 $368,333 $197,000

 

  Single Family Condo
85281 $31,000 (Up 15%) $20,500 (Up 12.5%)
85282 -$4,500 -$4,000
85283 $11,500 (Up 5%) -$1,000
85284 -$6,667 $7,000 (Up 3.5%)

TOO LAZY TO READ? CHECK OUT THE 1 MINUTE VIDEO HERE 

The Tempe Market is done with the huge price increases. We will no longer see 10, 15, 30% price hikes as we did in the past.  The market is finally backed to values that will see s normal stable increase in prices (3-6%).

TempeHomesCondos.Com study study below Vs. Our Study back in August 7, 2013 (Tempe Prices continue to climb, average of 12.3% Single Family 16.3% Condo market) shows that.

  • Prices in 85281 are still increasing.  The Urban and Condo Market (Includes Mill Ave, Near ASU, and on Mill Ave  is Up 12.5% and the single family market is Up 15%
  • Zip Codes 85282, 85283, & 85284 are showing signs of stabilization and in some cases a small decline in prices.
  • 379 Total Sales (Homes & Condos) Totaling $89,063,402
  • Most Expensive Home Sale $1,100,000 in Shady Lane Estates
  • Most Expensive Condo Sale $775,000 Bridgeview at Hayden Ferry

In today’s Tempe Real Estate Market more than ever Pricing your property right can be the difference between selling your property or not.  Every property should have excellent photos and videos taken and added to all marketing material.  Here at Tempe Real Estate Boutique we make sure our listings stand out from the rest.

Are you considering selling your home or condo in Tempe? Would you like to know what your property is worth?  Fill out this Form, Call or Text 480.458.8007, or email us at TempeHomesCondos@Gmail.Com

TOO LAZY TO READ? CHECK OUT THE 1 MINUTE VIDEO HERE 

Guess What Your Neighbors Did Last Night?

They Partied Because I sold Their Property for Top $$$$ and Can Sells yours Too!!!

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