Phoenix Home Sales By the Numbers – August 2015

Phoenix Housing Prices - Aug 2015By looking at the Phoenix numbers from June through August, we only hope summer will be over soon. Sales have continued to decline every month this summer. August seemed to be the worst for home sales. July was down 8% over June and August sales were down 12% over July. Active listings dropped 2% in August to 18,167 units for sale. The average list price this month was at $272,435, down 1% over July. This, of course is encouraging news for buyers. The average sales price was also down 1% to $265,457. Although this seems high, keep in mind this is not the median price, which is around $160,000. Popular areas such as Casa Grande saw home sales decline 11% over July. The City of Maricopa in zip codes 85138 and 85139 increased 12% in August. Maricopa was the only metro Phoenix city with positive sales. Queen Creek/San Tan Valley declined 12% in homes sold. Summer is a contributing factor for these poor sales numbers, but it also is an indication that the housing market is by no means robust. Distressed homes comprise 4% of the active homes on the market. REO’s made up 6% of homes actually sold. We hope distressed properties continue to decline and all the notes coming due on HELOC (Home Equity Lines of Credit) loans do not have a long lasting effect on foreclosures. If you think the media is telling a different story, please review the sales numbers from some of our previous articles relating to the housing market. The MLS sales data for August 2015 is as follows: The Metro Phoenix Area
  • Total Active Listings currently for sale – 18,167
  • Distressed Properties

- Total Active REO (Bank Owned Homes) – 360

- Total Active Short Sales – 421

  • Total Unit Sales for August 2015 – 6,829

- REO’s sold - 226

- Short Sales Sold - 202

    • Average List Price - $272,435
    • Average Sales Price based on unit sales - $265,457
    • Average Days on Market – 68 days

Casa Grande

  • Zip Code 85122 – 177 Active Listings – 65 homes sold
  • Zip Code 85194 – 47 Active Listings – 7 homes sold

Maricopa

  • Zip Code 85138 – 240 Active Listings – 123 homes sold
  • Zip Code 85139 – 68 Active Listings – 30 homes sold

Queen Creek/San Tan Valley

  • Zip Code 85140 – 177 Active Listings – 85 homes sold
  • Zip Code 85142 – 383 Active Listings – 111 homes sold
  • Zip Code 85143 – 209 Active Listings – 94 homes sold
For more information on new or resale homes, please visit our Phoenix homes for sale page. Register on our site, www.homesinphoenix.com and you will be able to view all homes currently on the market including all REO’s, short sales and brand new homes.
About Jeffrey Austin

Hi, I’m Jeffrey Austin, the owner and prior Designated Broker for Real Estate Homes, LLC. I have been licensed since 1991 in Arizona and have many years experience as a broker since 2000. I also have over 35 years experience in the technology field.

For any inquiries, please contact me at info@homesinphoenix.com

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