Tempe, AZ Real Estate News

By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(HomeSmart)
Here is the most recent Tempe AZ Real Estate Housing Market Report for February 2023:  After slightly decreasing last month the average sales price of Tempe homes increased in February, going from $521,542 in January to $527,767 this month. This is the third February out of the last four that Tempe average home prices have increased.The average sold price per square foot of Tempe homes has increased for the second straight month, after decreasing the last two months, going from $270/sf in December to $292/sf in February. After Tempe days on market reached an all-time low of 20 in May and June, it has increased 8 months in a row. Tempe DOM increased to 79 in February. Even with this increase, homes in Tempe are still selling reasonably fast. However, sales may pick up as we head into spr...
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By Chris Varoga
(Varoga Realty Group)
Knoell Gardens is an older neighborhood of smaller homes conveniently located at Baseline/I10. This is a great neighborhood for those who work in the metro Phoenix area as well as ASU students. Current activity for Knoell Gardens as of 8/8/071) There are currently 8 homes for sale ranging in price from $219,900 - $259,9002) There has been 1 home sold in August for $222,000If you would like more information or have questions, please feel free to call or email us.
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By Gary Miljour, Mortgage Originator NMLS Licensed in AZ and NC
(American Financial Network, Inc. NMLS#207208)
Wells Folks its college football season again and if your a fan of the Arizona State Sun Devils, then you have a great season to look forward to.  This year the Sun Devils will be led by new head coach Dennis Erickson. The Sun Devils are looking at rebounding from a change at the head coach position and I think ASU is on the right track for years to come.  Coach Erickson seems to be a no non-nense coach, and this may of been what the Devils needed.   Here is how the schedule look like.  So far all announced games at home will be at night.  This makes it is easy to deal with the heat on the field.  The devils will be playing 12 games this year starting against San Jose State and ending with Arizona at home.September 1:  San Jose State 7:00PM, September 8:  Colorado 7:15PM, September 15: ...
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By Tom Tokoph
(Urban Realty & Development)
See the story below for more information on the new Onyx Tower at Tempe Town Lake! Urban Realty & Development, provides full service real estate sales, consulting and brokerage services to those who, like us, are looking for their very own home in the modern world. Whether that "home" is a minimalist sanctuary in the penthouse suite, an industrial style office space with exposed ductwork and concrete floors, or a hip new retail shop on "Main Street", Urban Realty & Development is ready to show you that life is in the heart of the city. Call us at our live/work loft in downtown Tempe. Urban Realty would love an opportunity to share with you what we know about urban living and help you find your own fresh start. We specialize in downtown Tempe Lofts, Tempe condos, & Tempe Brownstones. Exc...
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By Temporarily off-line
If you are interested in the Tempe Alta Mira neighborhood, then you should check out my review posted at:http://www.rodsellsazhomes.com/blogs/rod_rebello/archive/2007/08/05/review-of-tempe-alta-mira-neighborhood.aspx 
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At the crossroads of the Phoenix Metro area lies Tempe, a thriving city that offers the best of urban Arizona, and a number of the state's major attractions. Home to Arizona State University, the nation's fourth largest Research I public university, Sun Devil Stadium, and the very popular Arizona Mills Shopping District, Tempe provides a unique and diverse home for its nearly 170,000 residents. Tempe is also the head office location of US Airways, and also more than 750 high-tech firms, employing thousands from the city's highly-skilled workforce. Tempe's prosperity has generated high demand for local real estate, and a steady supply of new homes. The city offers a wide range of affordable and luxury homes and condos, with prices averaging in the $300,000 range. That kind of affordabili...
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By Jennifer Urich
(United Brokers Group)
Tempe is my favorite city in the Phoenix metro area. Make sure and visit my website to find out more that is happening in the valley of the sun! www.livingsellingtempe.com  Homes for sale in Tempe: 730 active listings Homes sold in July 2009: 170 Average price per square foot: $117.75 Average price for homes sold:  $207,772 Average asking price for homes sold:  $219,822 % of asking price received 94% Average days on market 1103   Arizona has been hard hit by the current economic crisis and is  among the top states for the number of foreclosures. Tempe, Scottsdale and Paradise Valley have seen the least home value drops throughout the Phoenix metro area. That is not to say that we have not seen home values fall.  It might be time to rethink about our homes not as investments but as homes...
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
Tempe Arizona has one of Phoenix Arizona's largest fireworks events each year. 2007 is the 56th annual Fireworks Event. CBS Channel 5 televises the event. US Airways, Safeway and several other merchants and businesses are sponsors. Fireworks are over the lake and are choreographed to patriotic and classical music. The Fireworks last from 9pm - 10pm. There are many other events and activities earlier in the day for families and kids that include rock climbing walls, relay races, and splash areas. For more information about the times of earlier activities, prices, street closures and parking check out the website for Tempe Fireworks.  Advance tickets bought at local Safeway grocery stores are discounted and less than the price to be paid at the event. There will be street closures around ...
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By Temporarily off-line
Condos in the Tempe area have generally followed the overall housing trend for the last few years. As with all housing, condos significantly appreciated in value from 2003 - 2005, and leveled off over 2006. There appears to be particularly good demand for condos in the downtown Tempe area, primarily due to the impact of ASU and business development activities. ASU housing demand will continue to put pressure on affordable student housing availabilitiy. Finding quality, reasonably priced student condos are becoming more difficult to find. I think a purchase now will be a good long term investment.We are in a buyers market, so there is some downward pricing pressure. Days on market for condos to sell have extended from an average 38 last year to about 60 this year for condos sold in the $...
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By Bob & Carolin Benjamin, East Phoenix Arizona Homes
(Benjamin Realty LLC)
Tempe Arizona Dog Parks If you are a dog owner living in Tempe Arizona you may want to check out one or more of these Tempe Arizona dog parks. (Note - Children under 12 must be accompanied by an adult at all Tempe Arizona dog parks. Also remember that it's the law in Tempe Arizona for pet owners to pick up their pet's feces. Dog handlers must repair damage from digging and must remove/dispose of hair from grooming.) Mitchell Park is located at 900 S. Mitchell in Tempe Arizona - (just south of University Road). There are lots of benches and a water hose area. There is a double-gated entry. Only one dog per person is allowed in the enclosure. Mitchell Park also offers drinking fountains for both dogs and their people, tables, poop bags and trash receptacles, shade trees, and lights. The d...
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By Adam Tarr, PC -GRI, ABR, CDPE, RSPS, ePro - Designated Broker
(MavRealty)
Hello! We have added a new condo community to our TEMPE CONDO PAGE - "Tempe Place".  It is a fantastic mixed-use project with small office suites on the first floor.  It is 10 minutes to Mill Ave/ASU and Sky Harbor Airport, and 15 minutes to Downtown Phoenix. They are now PRE-SELLING these 1, 2 and 3 bedroom homes, starting in the low $300s!  If you are a real estate investor, you know that the best time to buy is during pre-construction - contact us NOW for an appointment at tempepl@WeAreAZRealEstate.com!  Sharon Kotula, ABRAdam Tarr, e-PROYour Phoenix Area Real Estate SourceRE/MAX ExcaliburScottsdale, AZ480-483-3333 info@WeAreAZRealEstate.com http://www.weareazrealestate.com/
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By Ryan Melville
(Keller Williams Realty East Valley)
My website is now LIVE! Please visit www.ryanmelville.com.Everything you need to know about buying or selling a home can be found here on my Website!As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground.Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.I go the extra mile to help you achieve your goals. That's why I constantly research the market and property values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative advertising and marketing techniques to attract potential buyers. Areas of ...
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By Tom Tokoph
(Urban Realty & Development)
Tempe Town Lake gets a Glimpse of it's Future Suncor, the developer of the Hayden Ferry Lakeside development currently under construction (Edgewater condos & Bridgeview condos), has revealed their initial proposal for what will be the jewel of Tempe Town Lake... Marina Heights.Although the first building of the development is not planned for completion until 2009, the project has received significant attention due to it's style & scale.Quoting from an article in the Arizona Republic, "Marina Heights has a nautical theme. Its plans show nine new high-rise towers and three- and four-story low-rise condominiums. The parcel runs from immediately east of Hayden Ferry Lakeside to Rural Road."The developer is very excited about the possibility of controlling the architecture along the entire l...
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By Kaushik Sirkar
(Call Realty, Inc.)
Warner Ranch year-to-date statisticsby Kaushik Sirkar, Chandler REALTOR®Chandler Arizona Real EstateWarner Ranch is a lovely subdivision that sits on the Chandler/Tempe border.  Known for its excellent location and property value retention, homes in this subdivision range in size from just over 1000 sq ft to upwards of 3500 sq ft.  Enclosed below please find the latest market statistics on transactions throughout 2007.  Data provided by ARMLS.Active - 45 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min128922 $ 255,000$0 22Avg225832.52$ 429,973$0 7786Max345854$ 599,000$0 262370AWC - 2 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min232142 $ 429,900$0 5555Avg257142.25$ 489,900$0 120116Max282142.5$ 549,900$0 18...
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By Tom Tokoph
(Urban Realty & Development)
The Vale is one of the most unique properties built in Arizona! Designed by renowned architect Will Bruder, this modern architectural masterpiece in Downtown Tempe has already been photographed by significant architectural and design magazines. Available for lease is a free standing one bedroom, one bathroom that includes vaulted ceilings, a large patio, walk-in closet, washer and dryer, stainless steel refrigerator, microwave, dishwasher... and beautiful architectural features. Private reserved parking space & storage unit available in an underground garage. Community includes a pool/spa and gym and is very close to ASU, Starbucks and the vibrant Mill Avenue District. Don't miss your opportunity to be one of the first to experience this unique modern loft village! Available June 1, 200...
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By Tom Tokoph
(Urban Realty & Development)
A walk through time in Tempe Garin Groff , Tribune No doubt countless tourists have wandered past one of Tempe’s oldest buildings without knowing a U.S. president stayed there once, as did “Buffalo Bill” Cody. The building is best known today for the Shoe Mill store or Cafe Boa, and at a glance, it doesn’t seem historic. But the Hotel Casa Loma building was once the top tourist spot in town and even hosted President William McKinley in 1901. History buffs hope more locals and visitors will learn more about the city’s rich but often hidden past with a historic walking tour proposed to start later this year. The idea comes from an unlikely source: a developer building high-rise condos downtown. Avenue Communities wants to call attention to the area’s historic sites with plaques or signs t...
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By Kaushik Sirkar
(Call Realty, Inc.)
Latest Tempe Market Statisticsby Kaushik Sirkar, Chandler REALTOR®Chandler AZ Real EstatePlease find enclosed market statistics for Tempe for the last 30 days.  Data provided by ARMLS.  Should you require any further information, please don't hesitate to contact me! Active - 823 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min50901 $ 15,500$0 00Avg173722.10$ 390,245$0 7479Max13938710$ 8,500,000$0 623631AWC - 30 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min66611 $ 165,000$0 1615Avg192432.23$ 406,270$0 7383Max496755$ 1,450,000$0 335335Pending - 193 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min62311 $ 122,500$0 00Avg161922.08$ 308,284$0 6471Max422564$ 1,350,000$0 34...
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By Aimee Ghimire
(Phoenix Home Loan Expert (www.aimeeloans.com))
Are you looking for a lender in Tempe, Arizona (AZ)? Well you have come to the right place. I am a home loan (mortgage) expert in the Tempe area with several years experience as a home mortgage lender. I can also help those in the Greater Phoenix area such as Scottsdale, Gilbert, Chandler etc. Whether you have good credit, bad credit or no credit I can look at various home loan options and provide you with intelligent options. I work for your long term financial success, so you can be sure to receive excellent service! I can help with purchase transaction, re-finance transaction. I can do investment loans, construction loans, home equity lines as well as loans for second homes! When it comes to home financing I am your one stop shop lender in Tempe, Arizona (AZ). Here is a summary of so...
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By John Karadsheh, ABR, CRS - REALTOR - Mesa, Arizona - Las Sendas
(KOR Properties)
Here is a quick Market Snapshot for Tempe, Arizona according to the Arizona Multiple Listing Service.  Only Single Family Detached Homes are included in this chart.The SOLD Listings are from Jan. 1st, 2007 through today May 2, 2007AWC stands for Active with ContingenciesTOM stands for Temporarily Off MarketDOM stands for Days On Market Statistics Active - 491 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min78221 $ 144,900$0 00Avg208232.26$ 429,901$0 7177Max13938710$ 8,500,000$0 551551AWC - 18 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Min107431.75 $ 215,000$0 1413Avg228232.44$ 490,338$0 7887Max496755$ 1,450,000$0 281283Pending - 111 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumu...
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By Tom Tokoph
(Urban Realty & Development)
There has been a lot of talk around town about the exciting new downtown tempe development known as "Stadium Tower".  This new loft, condominium development was able to secure the first truly "hip" hotel for Downtown Tempe, "Lumina".  Located at 5th & College in downtown Tempe, one can only assume that many cities and developers made proposals to acquire this new concept from the creator of the "W Hotel", but it is worth noting that downtown Tempe was the city chosen.  Thankfully for those of us who live, work & play in downtown Tempe, we will all enjoy access to this exciting, vibrant & modern hotel within walking distance of Mill Avenue in just a few short years!For anyone interested in this new development, here are a few details that I acquired while at their Exclusive "Friends & Fa...
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By Adam Tarr, PC -GRI, ABR, CDPE, RSPS, ePro - Designated Broker
(MavRealty)
Hello!Last night, we attended the launch party for Stadium Tower, a high-rise luxury development on the ASU campus.  It is an incredible project, in an even more incredible location!  For all the details, click HERE and scroll down to "Stadium Tower"!                                                                                                                                                                           As always, if you are interested in investing in a new Tempe Condo, be sure to contact us - we can find the PERFECT home for you and your lifestyle/goals, AT NO COST TO YOU! Sharon Kotula, ABRAdam Tarr, e-PROYour Phoenix Area Real Estate SourceRE/MAX ExcaliburScottsdale, AZ480-483-3333info@WeAreAZRealEstate.comhttp://www.weareazrealestate.com/
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