Tempe AZ Market Report – August 2012

Tempe AZ Market Report August 2012

 

Tempe Realtor Nancy Laswick

Total Active listings are up another 14.8% over the past 30 days.

Lender Owned (REO) and Short Sales (SS) make up less than 22% of Total Actives. Lender Owned and Short Sale properties are continuing to decline as a percentage of Total Actives and that is good news.

Lender Owned (REO) and Short Sale (SS) prices are virtually unchanged month over month.

Normal Sale prices are unchanged month over month and up 10% over the past four months.

 

Median Price of Tempe Homes Closed between 07/21/2012 to 08/21/2012 was $183,500.

Average Price of Tempe Homes Closed between 07/21/2012 to 08/21/2012 was $227,532.

 

What does this mean for buyers and sellers in Anthem, AZ 85086 :

– If you are thinking of buying a home in Tempe over the next two to three years, don’t wait, prices will continue to rise. Buy now.

– If you are thinking of selling your Tempe home in 2012 list it now, competition is at an all- time low.

– If you are considering a short sale list your home now and complete the sale before the end of the year to avoid possible tax consequences.

– If you are considering moving from a smaller to a larger home there has never been a better time to do so. Smaller homes are selling quickly and in many cases above list price while there are still some great bargains available in homes larger than 3000 sq.ft.

Work with a REALTOR who truly understands the Tempe, AZ Market E-mail Nancy@NancyLaswick.com or call (602) 793-1627.

Whether you are buying or selling a home in Tempe, AZ  I offer a free customized market report. As an informed buyer or seller you’ll make better decisions.

All content in this post is protected by copyright. © Nancy Laswick 2012. All Rights Reserved.

Please Note:All statistics and figures are reported from the Arizona Regional Multiple Listing Service (ARMLS) and/or The Cromford Report and are deemed to be reliable, but cannot be guaranteed for accuracy. It is recommended that any information of special interest be verified through independent sources.