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Phoenix

Why you'd want to live in Phoenix

Phoenix is the capital of the southwestern U.S. state of Arizona. Known for its year-round sun and warm temperatures, it anchors a sprawling, multi-city metropolitan area known as the Valley of the Sun. It's known for high-end spa resorts, Jack Nicklaus–designed golf courses and vibrant nightclubs.

Phoenix Market Report

$499,870

AVERAGE PRICE OF 3,470 HOMES

$355,876

AVERAGE PRICE OF 15 DISTRESSED HOMES

$1,981,554

AVERAGE PRICE OF 264 MULTI-MILLION DOLLAR HOMES

$734,897

AVERAGE PRICE OF 302 NEWLY BUILT HOMES

$863,723

AVERAGE PRICE OF 824 HOMES WITH A POOL

$568,053

AVERAGE PRICE OF 63 REDUCED PRICE HOMES

Average Home

Average Price $499,870
Avg Bedrooms 3.18 beds
Avg Bathrooms 2.32 baths

Average Price by Bedrooms

1 bedroom $220,132
2 bedrooms $289,771
3 bedrooms $408,465
4 bedrooms $620,734
5 bedrooms $1,000,735
Phoenix Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 3,397 3,858 4,397 4,515 4,380
Average Price $485,788 $470,486 $469,947 $472,082 $475,974
Avg Price Change +3.25% +0.11% -0.45% -0.82% +1.88%
Median Price $335,790 $330,029 $333,403 $335,291 $335,868
Med Price Change +1.75% -1.02% -0.57% -0.17% +0.83%
Avg Bedrooms 3.17 beds 3.17 beds 3.19 beds 3.21 beds 3.23 beds
Avg Bathrooms 2.34 baths 2.33 baths 2.34 baths 2.39 baths 2.4 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Barry Goldwater High School 158 $401,593 35 days
Camelback High School 381 $737,936 59 days
Central High School 294 $497,327 48 days
North High School 189 $439,606 56 days
Paradise Valley High School 145 $403,771 28 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 3,470 $499,870 46 days
Distressed Homes 15 $355,876 92 days
Multi-Million Dollar Homes 264 $1,981,554 97 days
Newly Built Homes 302 $734,897 116 days
Homes with a Pool 824 $863,723 42 days
Reduced Price Homes 63 $568,053 47 days
The Novey Team
Inna Novey -Team Lead
7077 E. Marilyn Rd
Scottsdale, AZ 85254
602-672-7012
Jason Smith, NMLS 210839
VP/Branch Manager
NOVA® Home Loans
8800 E. Raintree Drive, Suite 110
Scottsdale, AZ 85260
480.500.3026
Jason.smith@novahomeloans.com
www.novahomeloans.com/jason.smith

NOVA® Home Loans NMLS 3087 | NOVA® BK 0902429 | P: 480.500.3026 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act #4131230. Also licensed by the CA-DBO under the CFL #6036566. Loans made or arranged pursuant to a California Financing Law License. | NMLS Consumer Access http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/3087 | Privacy Policy https://www.novahomeloans.com/media/383141/privacy.pdf | NOVA® Fair Lending Statement https://www.novahomeloans.com/media/3400/fair-lending-statement.pdf | Equal Housing Opportunity For Texas Consumers: Consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 N. Lamar, Suite 201, Austin Texas 78705. Complaint forms and instructions may be obtained from the departments website at http://www.sml.texas.gov/ . A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department's website at http://www.sml.texas.gov .
© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than West USA Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. February 27, 2021
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