January 3, 2018

December 2017 Tempe Real Estate Market Conditions

By Karen Peyton

A Very Strong Finish...


With sales volume higher than September, October, and November - 181 homes sold in Tempe for the month ending December 31, 2017


Here's the breakdown of prices, beds, baths, and square footage according to Arizona Regional Multiple Listing Service:


♦ The lowest sold price of any home was $105,000 and purchased a one bedroom, one bath condo of 670 square feet.


♦ The highest price was $2,200,500 for a three bedroom, 3 1/2 bath condo with a whopping 4,924 square feet.


♦ The largest home sold had 5,118 square feet, five bedrooms and 5 1/2 baths and a selling price of $905,000.


♦ The smallest home was 617 square feet, one bedroom, one bath and sold for $112,000.


Averaging all homes, we have a "sold" price of $298,542 which purchased 1,752 square feet.


Happy New Year!!


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Arbor Realty Karen Peyton

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