April Market Stats
This is for the General Arcadia area of Phoenix/Scottsdale, Arizona. To get a better idea of what might be happening in your neighborhood or with your type of home, contact me. I will be happy to provide these same stats on a neighborhood level.
Homes took longer to sell and the number of homes sold was less in April than in March. While the volume was down the actual sales prices were up. For the first time since I have been doing these charts for the General Arcadia area, the average sales price topped $1 Million and average square footage has gone over 3,000. But it is interesting to note, the price per square foot actually dropped by $3.73. So these big sales prices are a result of larger homes being sold, not so much a monthly appreciation jump. But, as compared to April 2017, the sold price per foot is up 10%.