Greater Phoenix real estate prices and sales were flat in October

Greater Phoenix real estate prices and sales were flat in October Greater Phoenix home prices and sales were flat in October, but the number of homes for sale rose. &#8…

Phoenix home prices and sales were flat in October, but the number of homes sold rose. "We've seen a little bit of change in the greater Phoenix housing market over the last year, with prices becoming more stable," said the director of the Real Estate Center at Arizona State University's Kelley School of Business. From 2012 to 2013, 75% of Phoenix home prices increased. The median home value in October was $28,000, down 1% from September. The median value for September was two hundred ninety-nine thousand. In 2006, the average real estate price at its peak was 267,000. By 2011 it had reached its lowest point, with a median value of 117,000. There were 6,749 homes sold in October, 1% more than in September. There were 25,953 homes for sale on the real estate market in November. Prices increased by 6%.

Price comparison between 2013 and 2014. The price of new houses in 2014 was 310,000, and in 2013 it was 289,000, an increase of 7.1%. The average sales price of old houses in 2014 was 206,000, and in 2013 it was 200,000, an increase of 3%. Prices for renovating investment properties remain unchanged. The average price of short-sold and bankrupt houses was 154,900 in 2014, and 145,300 in 2013, an increase of 6.6%. The overall price increased by 4%. . For more real estate information, please contact Tinna Xie (480)287-0180 Tinna@platinumaz.com