Arizona Real Estate is Hotter than the Weather!

[Jared Smith]

This is a recap of the stats for June 2020. Total is everything in the MLS.

As you can see by the numbers, listings are still very low in the total market! Sales actually picked up by 2.6% even with the lack of inventory. We now have 1.68 months of supply or -26.8% less listings than last year, for all residential properties in the market! 

Here are the June, 2020 Average price sold and % of increase by area. This number shows the appreciation over last year for the month of May. Notice that all cites are an increase.

Month of May Average Sales Price Vs. Last Year.

• Total $369.6 +5.48%
• Scottsdale $640.0 +.49%
• Paradise Valley $1878.2 +3.35%
• Fountain Hills $567.5 +17.2%
• Cave Creek $537.1 +3.65%
• Carefree $835.4.0 +13.2%%

Year to Date % Increase or Decrease Average price sold January-June vs. LY January-June.

• Total +8.8%
• Scottsdale +8.0%
• Paradise Valley +.03%
• Fountain Hills +12.96%
• Cave Creek +17.6%
• Carefree (5.5%)