Mesa AZ October 2016 Housing Market Trends Report

Swee Ng

8 years ago

Mesa AZ October 2016 Housing Market Trends Report, House Value and Real Estate Listings

2016 October Mesa AZ Real Estate Market Highlight:

Active listing (Inventory) had Increased 6.9% from September 2016
October 2016 Average Sold Price for Single Family Home in Mesa was $264,168 and had Increased 4.3% from September
Median Sold Price in October 2016 was $239,900 and had Increased 3.2% from September
97% of Single Family Detached Homes sold in October 2016 are Traditional Sale
Most expensive home sold in October 2016 in Mesa was sold for $1,185,000 Click here to view

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Here are Mesa AZ Real Estate Single Family Detached Home statistics for October 2016. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Mesa AZ provided by the FlexMLS system.

October 2016 Mesa AZ Housing Closed Sales Report Analysis
We saw a 3.5% decreased in the number of Single Family Homes sold in October 2016 compared to the prior month. The statistics show that we had 546 residential Single Family Detached Homes sold in October 2016 in Mesa AZ compared to 566 in September 2016. This compares to 455 homes sold in October of last year.

In October 2016, we saw 59 Days on Market (DOM). It average took average 59 days to get your Mesa AZ home sold in October 2016.

Mesa AZ October 2016 Average Sold Price Analysis
2016 October Average Sold Price for Single Family Detached Homes in Mesa AZ is $264,168 Compare to $253,214 in September, that’s about 4.3% increased from a month ago. The Average Sold Price in October 2015 was $242,499 and that’s about 8.3% appreciation from a year ago.

The average sold price per square feet in October 2016 was $135 per square feet. Compare to a year ago, October 2015 average sold price per square feet was $125.

October 2016 Mesa Single Family Home Average Sold Price was $264,168. Click here to view Real Estate Listing and Homes for Sale in Mesa AZ Under $250,000

2016 October Single Family Detached Homes Median Sold Price in Mesa
October 2016 Median Sold Price was $239,900 compare to $232,000 in September. This compare to $216,900 in October 2015. The Median Sold Price for Single Family Home in Mesa AZ had appreciated about 10.6% from a year ago.

Based on statistics on both of Median Sold Price and Average Sold Price, Buyers are paying more for a Single Family Detached Homes in Mesa AZ compare to a year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Selling Your Home in Mesa AZ
Contact or call Swee Ng at 480.721.6253 today to discuss your potential Mesa AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at todays market.

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Swee Ng, Realtor specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Mesa AZ area, I would like the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation. I hope that you will put my experience, knowledge, service and professionalism to work for you.

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