Tempe, AZ Real Estate News

By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for November 2021:  The average sales price of Tempe homes for November significantly decreased by $33,854, after increasing by $30,504 the last two months. The average sales price of Tempe homes is now at $501,611.At the same time, the average sold price per square foot increased for the second straight month, going from $279/sf in October to $293/sf in November. After increasing for four straight months, days on market remained the same in November as October, at 32 DOM. Even though the trend has seen days on market increasing, 32 DOM is still very low, and homes in Tempe are still selling very fast. Click on the image below to read the full article, and see what is going on in the Tempe Arizona real estate market.   ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for October 2021:  The average sales price of Tempe homes for October increased for the second straight month, this time by $22,542, up to $535,465. After dropping $21,421 in July, and another $11,233 drop in August, this continues to be a good sign for the fall. At the same time, the average sold price per square foot increased in October, from $277/sf to $279/sf, after decreasing in September. Days on market increased for the fourth straight month, up to 32 DOM in October after recording an all-time low of 22 DOM in May and June. Click on the image below to read the full article, and see what is going on in the Tempe Arizona real estate market.   Feel free to reach out to me if you have any questions about home buying...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for September 2021:  After seeing a decrease in the average sales price of Tempe homes over the last two months, the average sales price for September increased $7,259, up to $512,219. After dropping $21,421 in July, and another $11,233 drop in August, this was a good sign heading into the Fall. At the same time, the average sold price per square foot decreased in September, from $287/sf to $277/sf, after increasing in August. Days on market increased for the third straight month, up to 28 DOM in September after recording an all-time low of 22 DOM in May and June. Click on the image below to read the full article, and see what is going on in the Tempe Arizona real estate market.   Feel free to reach out to me if you hav...
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By Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work!
(HomeSmart Elite Group Tempe AZ Tel: 480-966-9353)
Maple Ash Neighborhood in Tempe AZ is a historic neighborhood near the rapidly developing downtown and near Arizona State University.Most people like this area, and say this has to be the best of both worlds - they can walk or bike to almost everything on streets with mature trees. Many employers from the high-tech, banking and research industries have offices in Downtown Tempe, world class entertainment is offered at places like Gammage Auditorium,  Tempe Center for the Arts, Tempe Town Lake.Please take a virtual tour of the neighborhood and the patio homes that are for sale at this small HOA, called 10th and Ash Place.  10th and Ash Place a relaxing and serene oasis in Tempe AZ, one of the most thriving economic developments in the country.For more information about having this as a p...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Housing statistics for homes in Tempe, AZ, 85282 priced between $400,000 and $600,000 reflect slightly more inventory, increasing days on market, but also rising prices.  There is no indication of prices dropping and it's still a sellers market.  We expect this to continue on into 2022.  Active listings in 85282, priced between $400,000 and $600,000 have increased by 64% year over year.  Even though that sounds like a lot, it's not overall.   Active listings show 36 as of 10/3/21, while there were 13 listings the same week a year ago, during the frenzy!   Are listings selling as fast as they were a year ago?   Currently, homes in 85282 priced between $400,000 and $600,000 are selling in about 32 days, up from 28 days a year ago.  That's a VERY minor difference in a year; meaning that de...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for August 2021:  After June saw a $32,647 increase in the average sales price of Tempe homes, there has been a decrease in the average sales price over the last two months. I don't think this has happened in at least a year, but after dropping $21,421 in July, the average sales price of homes in Tempe dropped another $11,233, to $504,960 in August. At the same time, the average sold price per square foot increased in August, from $271/sf to $287/sf, after decreasing for the first time in the last six months in July. Days on market increased for the second straight month, up to 26 DOM, after recording an all-time low of 22 DOM in May and June. However, homes in Tempe are still selling very fast, and competition is high....
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for July 2021:  After June saw a $32,647 increase in the average sales price of Tempe homes, July saw a decrease in the average sales price of Tempe homes by $21,421. At the same time, the average sold price per square foot decreased for the first time in the last six months from $276/sf to $271/sf. Days on market increased in July to 23 DOM, after recording an all-time low of 22 DOM the last two months.  After increasing in four of the last five months, Tempe home sales decreased from 145 to 132 in July. With this decrease, Tempe home sales are -12.0% lower than in July of 2020. This is mainly due to the COVID-19 pandemic shutting down the economy last March, but by June of 2020, the housing market had already made a n...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for June 2021:  After May saw a drop in the average sales price of Tempe homes by over $23,000, June saw an increase of $32,647, back up to $537,614. At the same time, the average sold price per square foot increased for the fifth straight month from $264/sf to $276/sf. Days on market for June remained the same as it was in May, an all-time low of 22 DOM, after increasing to 29 DOM in April.  Tempe home sales saw a nice increase up to 145 in June, the fourth increase in the last five months. With this increase, Tempe home sales are 1.4% higher than June of 2020. This is mainly due to the COVID-19 pandemic shutting down the economy last March, but by June of 2020, the housing market had already made a nice recovery. The ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for May 2021:  The average sales price of homes in Tempe had increased over $90,000 in March and April, so it was bound to drop a little in May. May saw a drop in the average sales price in Tempe, down over $23,000 to $504,967. At the same time, the average sold price per square foot increased for the fourth straight month from $258/sf to $264/sf. Days on market went down in May to a new all-time low of 22 DOM after increasing in April.  Tempe home sales slightly decreased in May from 131 to 125, the first decrease in the last five months. Even though they decreased, Tempe home sales are still 34.4% higher than last May. This is mainly due to the COVID-19 pandemic shutting down the economy last March. Up until May, it l...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for April 2021:  After increasing over $35k in March, the average sales price of homes in Tempe increased almost $55k in April, to a new all-time high of $528,354, and surpassing $500k for the first time. At the same time, the average sold price per square foot increased for the third straight month from $245/sf to $258/sf. Days on market shot up in April to 29 DOM after decreasing the previous three months.  Tempe home sales slightly increased in April from 126 to 131 for the fourth straight monthly increase, and are 48.9% higher than last April. This is mainly due to the COVID-19 pandemic shutting down the economy last March. It is typical for home sales to start off slow in the beginning of a new year, but if this trend...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for March 2021:  After decreasing over $13k in February, the average sales price of homes in Tempe increased over $35k in March, to an all-time high of $473,421. At the same time, the average sold price per square foot increased for the second straight month from $239/sf to $245/sf. Days on market has decreased for the third straight month, down to an all-time low of 25 DOM for March.  Tempe home sales jumped in March from 113 to 126 for the third straight monthly increase, and are actually 8.6% higher than last March. It is typical for home sales to start off slow in the beginning of a new year, but if this trend continues, it may be a good year for home sales in Tempe. The number of new listings increased to 149, but is ...
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Tempe Loft for Sale - 5th Street West with 3 BedroomsIf you've been searching for a Loft, in the city of Tempe, where the nights seldom end and Mill Ave is a hot spot for drinking, dancing and dining, you have stumbled on the right blog.This 3 Bedroom Loft for Sale in Tempe, features over 1,800 square feet and was built in 2009. Located just off 5th Street and Priest. Located just over a mile from Tempe Beach Park, just under a mile and a half to Sky Harbor Airport and 2 miles to the Phoenix Zoo.ASU is east of this community, so its just under 2 miles away. With the Light Rail System and the new "Tempe Trolly" system being installed, Tempe will be easier than ever to get around.Priced to sell at $499,000. Call today. 602-321-6188
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
4 Bedroom home for Sale in Tempe - Large Lot home in TempeLocated just off Broadway and Mill Ave in "Tempe Estates" this 4 bedroom, 3 bath home for Sale features over 2,200 squae feet, a large, 10,000 plus square foot lot. Single level home with solid block construction. This Tempe home was built in the 1950's and has that old world Bungalow feel to it, but it has been completely remodled from floor to ceiling. A large, open floor-plan, that hinges on the great-room concept. A large kitchen with room for an Island. Large walk in pantry as well. Black appliances accent the gray tones of the cabinetry while the nuetral colored plank flooring add to the dymanic of interior colors. The Custom granite counter tops blend nicely as well. Not too busy, but classy enough to have that "feel and l...
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By Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work!
(HomeSmart Elite Group Tempe AZ Tel: 480-966-9353)
This mid-century modern  4-bed/ 3-bath home in Tempe's Daley Park neighborhood is now on the market for sale.The home has been remodeled and updated beautifully. The white kitchen opens to the dining room, which has a view to the back yard and the front lawn. The living room feels spacious and bright, with an oversized window.   The street is one of the quietest streets in the community, yet close to the park, to grocery shopping and restaurants. If I lived here, I would walk to the performances at ASU Gammage Hall to enjoy a Broadway show, or a concert. 329 E Solana Drive,Tempe AZ 852814-bed/3-bath and a garage$649,000If you would like more information, please visit the details page on this link : https://www.talktosteffy.com/property/6207239/I would be happy to provide you with a tour...
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By Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work!
(HomeSmart Elite Group Tempe AZ Tel: 480-966-9353)
This beautiful townhome in Tempe's 525 Townlake community is right in the heart of everything downtown. A resident here can walk to the vibrant downtown Mill Avenue . And reach easily Arizona State University.The townhome was built in 2006 and extensively remodeled in 2019. The location of the townhome within the community is very central and convenient - walk from your front door, and you are at the pool. Click the gate code from your car, enter and turn West and you are in front of your garage. Take your dog for a walk, cross Rio Salado Parkway and jog along Tempe Beach Park pathways, check out what's happening at Tempe Center for the Arts, cross one of the pedestrian bridges and jog all the way to the Tempe Marina. Please view more photos and details on the link below:525 W Lakeside ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for February 2021:  After increasing $11,000 in January, the average sales price of homes in Tempe decreased over $13k in February, down to $438,013. However, the average sold price per square foot increased to $239/sf. Days on market has decreased for the second straight month, down to an all-time low of 30 DOM for February.  Tempe home sales jumped in February to 113, which is the highest for that month since 2018. It is typical for home sales to start off slow in the beginning of a new year, but if this trend continues, it may be a good year for home sales in Tempe. The number of new listings is down -7.7% from February of last year, and the number of active listings is also down -24.6% from February of last year. The l...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for January 2021:  The average sales price of homes in Tempe increased over $11k to start the new year at $451,456. This is a new all-time high for the average sales price in Tempe, AZ. The average sold price per square foot remained the same as last month at $229/sf. Days on market has decreased, after increasing for fourth straight month, and is now at 42 DOM for January.  Tempe home sales started off the new year at exactly the same total as January of last year, at 96. It is typical for home sales to start off slow in the beginning of a new year, but this total is more sales than in 2019 and 2018. The number of new listings is down -6.6% from January of last year, and the number of active listings is also down -20.0% f...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for December 2020:  The average sales price of homes in Tempe increased a couple thousand to end the year at $439,876, after dropping in November from a 2020 high of $449,203 in October. The average sold price per square foot also inched up to to $229/sf. Days on market has increased for the fourth straight month, from an all-time low of 31 in August, up to 45 DOM for December.  Tempe home sales are significantly higher than in December of last year, up 40.0%, which I believe may have something to do with the COVID-19 pandemic extending the summer home sales season, and the continued high demand for homes in the Phoenix Metropolitan area. The number of new listings is down -9.4% from December of last year, and the number o...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for November 2020:  The average sales price of homes in Tempe dropped in November after almost reaching $450,000 in October, while the average sold price per square foot increased to $228/sf. Days on market has increased for the third straight month, up to 39 DOM.  Tempe home sales are much higher than in November of last year, up 28.1%, which I believe may have something to do with the COVID-19 pandemic extending the summer home sales season, and the continued high demand for homes in the Phoenix Metropolitan area. The number of new listings is down -11.1% from November of last year, and the number of active listings is also down -10.1% from November of last year. The lack of listings continues to drive demand and home pr...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for October 2020:  The average sales price of homes in Tempe increased again (almost up to $450,000), and so did the average sold price per square foot. Days on market has increased for the second straight month, up to 35 DOM. Tempe home sales are much higher than in October of last year (17.8%), which I believe may have something to do with the COVID-19 pandemic extending the summer home sales season, and the continued high demand for homes in the Phoenix Metropolitan area. The number of new listings is also higher than October of last year, also higher by 17.8%. The number of active listings actually reported a number higher than October of last year. The lack of listings continues to drive demand and home prices higher,...
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