Home Prices Rise In Maricopa County Approaching Previous High

Home Prices Rise In Maricopa County Approaching Previous High

PHOENIX — A recent report shows that the median sale price for a previously-owned home in May this year is up 6.5 percent from the same month a year ago in Maricopa County.

Image title

The median price of a single-family home was $269,000 for May 2017. That figure is according to a release from Fletcher Wilcox of Grand Canyon Title Agency, using data compiled from Arizona Regional MLS.

The peak price of home prices in Maricopa County was reached in June 2006, during which the median cost of single-family homes hit $287,500. This recent mark of $269,000 is still $18,500 short of the record, but is well up from the $120,000 mark hit in August 2011, Wilcox reported.

Wilcox also said he expects the June median sale price to sit somewhere between $272,000 and $275,000.

His report also noted that sales were up 9.5 percent (an increase of 614) in May 2017 compared to May of 2016, and month-to-month growth was better this year than last.

The report showed a total of 7,063 homes sold in Maricopa County in the month of May. Of those, 20 were more than $3 million in sale price. 

Source: KTAR


Hud and Carrie Rhodes Headshot
Author:
Phone: 480-717-2346
Dated: July 1st 2017
Views: 243
About Hud and Carrie: Carrie and I are high school sweethearts, that have been married since 1990. We both graduated from...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

How To Get Top Dollar In A Sellers Market - Home sales (and values) have been
Arizona Home Buyers Beware All You Need Is ONE - In the world of HGTV and Pinterest
Home Prices Rise In Maricopa County Approaching Previous High - PHOENIX — A recent report shows
Heat Has Already Killed 2 People In AZ In 2017 - Two people have already died from

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

EZAZHomes.com
2680 S. Val Vista Dr. Bldg 1 Ste 101
Gilbert, AZ
480-771-9526
480-247-4308