By Mike Bodeen · 5 June 2017
The Phoenix Metro residential real estate sales market continues strong. It may not be exciting, but it’s healthy!
May 2017 Sales increased almost 12% from May of last year. Supply is still significantly lower than last year, but not quite as much as last month. Here’s our breakdown on the majors:
Active Listings: 18,476 versus 20,979 last year – down 11.9% – and down 3.9% from 19,228 last month
Monthly Sales: 9,805 versus 8,750 last year – up 11.9 – and up 11.1% from 8,825 last month
Monthly Average Sales Price per Sq. Ft.: $150.53 versus $142.29 last year – up 5.8% – but down 0.4% from $151.18 last month
Monthly Median Sales Price: $240,000 versus $225,198 last year – up 6.6% – and up 3.2% from $232,500 last month
Pending Listings: 7,324 versus 7,791 last year – down 6.0% – and down 3.0% from 7,552 last month
Pending sales have slowed slightly from a year ago (6%) and down 3% from last month. The monthly median sales price has increased to $240,000, up 6.6% from last year and up 3.2% from last month. The monthly average sales price per SqFt rose 5.8% over last year.
Home Design Trends Anything But Boring
It’s interesting to see what may be the new design “in thing” for the upcoming year(s). Check out the following article and let us know your thoughts. You can write to Info@BodeenTeam.com.
Read: http://www.inman.com/2016/12/30/top-20-home-design-trends-2017/
1950’s Era Fridge’s Are In? Really???
House Colors Can Make You (or cost you) Money?
One particular bathroom color apparently increased the value of a home by $5400.00 Check it out here:
Read: http://www.inman.com/2017/06/01/homes-with-this-color-bathroom-sell-for-5400-more-zillow/