LUXRLT THE MARKET 3Q 2021 Housing Market Update for Phoenix and neighboring communities including Scottsdale, Paradise Valley, Arcadia and Gilbert.
M I C H E L L E S A R O C K A . C O M
THE MARKET
3RD QUARTER 2021 The Phoenix Metropolitan Area continues to lead the nation in year-over-year home price increases according to national and local housing market economists. The Case-Shiller 20-City Home Price Index for July 2021 showed Phoenix led the nation with a 32.4 percent yearover-year increase in home prices in July while San Diego was second with a 27.8 percent increase yearover-year followed by Seattle at 25.5 percent. Overall, the National Composite Index marked its 14th consecutive month of accelerating prices with a record 19.7 percent. The Cromford Report, which follows housing trends in Maricopa county indicated Phoenix led the nation with the largest percentage increase in home prices from August to September 2021 at 3.32 percent. This increase in home prices was significantly higher than Tampa at 2.94 percent and Las Vegas which had a 2.77 percent increase in prices. The Market Update provides a closer look at the 3rd Quarter key statistics for Phoenix and neighboring cities in the Valley of the Sun.
2 0 2 1
$1,127,430
M A R K E T
Average Sale Price 2020: $921,271
Price Per Square Foot 2020: $292
T H E
3 R D
Numer of Homes Sold 2020: 1,654
Q T R
E L A D S T T O C S
1,483
36
$378
Days on Market 2020: 79
2 0 2 1 Q T R
3 R D M A R K E T T H E
Y E L L A V
E S I D A R A P
96 Numer of Homes Sold 2020: 142
$3,156,970 Average Sale Price 2020: $2,207,095
$577 Price Per Square Foot 2020: $421
83
Days on Market 2020: 111
2 0 2 1
$1,829,395
M A R K E T
Average Sale Price 2020: $1,577,154
Price Per Square Foot 2020: $425
T H E
3 R D
A I D A C R A
Numer of Homes Sold 2020: 121
Q T R
79
50
$530
Days on Market 2020: 85
2 0 2 1
$586,082
M A R K E T
Average Sale Price 2020: $448,446
Price Per Square Foot 2020: $192
T H E
3 R D
T R E B L I G
Numer of Homes Sold 2020: 1,637
Q T R
1,301
22
$257
Days on Market 2020: 33
2 0 2 1
$506,133
M A R K E T
Average Sale Price 2020: $416,324
Price Per Square Foot 2020: $204
T H E
3 R D
X I N E O H P
Numer of Homes Sold 2020: 4,926
Q T R
4,509
25
$263
Days on Market 2020: 42
2 0 2 1
$1,339,066
M A R K E T
Average Sale Price 2020: $1,087,048
Price Per Square Foot 2020: $283
T H E
3 R D
E E R F E R A C
Numer of Homes Sold 2020: 45
Q T R
31
63
$360
Days on Market 2020: 173
2 0 2 1
$827,000
Price Per Square Foot 2020: $243
39
E V A C
M A R K E T
Average Sale Price 2020: $682,272
T H E
3 R D
Numer of Homes Sold 2020: 236
Q T R
K E E R C
213
$308
Days on Market 2020: 73
MICHELLE SAROCKA Real Estate Sales and Marketing CLHMS™, Million Dollar GUILD™
602.616.4829
michelle.sarocka@theagencyre.com
7001 N. Scottsdale Road, Suite 1040 Scottsdale, AZ 85253
michellesarocka.com
MICHELLESAROCKA.COM
LUXRLT