2013 is underway and one of the hot topics of conversation continues to be rising home prices in the Greater Metro Phoenix Area – The Valley of the Sun.
Did you know that in the fourth quarter (Q4) of 2012, the Average Sales Price in Maricopa County showed a one year change of +30.2% ending at $214,923.00?
The number of Homes Listed for Sale in Maricopa County dropped by -15.1% to end the year at 17,736. This reflects a 2.8 month supply of homes for sale.
In Litchfield Park, AZ 85340, the Average Home Sales Price increased up to$214,439.00, an 18.1% increase in the past 12 months. Average Days on the Market ended at 42 days which is a decrease of 37% over the past 12 months.
This data was taken from the recently released Quarterly Market Watch Report Q4 2012, provided by the Arizona Regional Multiple Listing Service (ARMLS). Data is broken down into Maricopa and Pinal Counties and then further broken down by zip code.
The complete Fourth Quarter Marketwatch Report, which analyzes ARMLS® statistical data for Maricopa and Pinal counties, is now available on ARMLS.com. You can also view the full report by clicking here – Quarterly Market Watch Report – Q4