Tempe Prices continue to climb, average of 12.3% Single Family 16.3% Condo market.

housing-prices

They just announced the relocation of USA Basketball headquarters to Tempe and construction recently began on the New State Farm development in Tempe. These reasons along with Arizona State University, Mill Ave, and location are reasons why Tempe is a hot market and prices continue to climb.

From 2012-2013 Tempe had price increases upwards of 32%+ but within the past three months Tempe is still showing strong increase in prices as you can see from the numbers below.  The average price increase for Tempe Condo Market was up 16.4% and 12.3% for the Tempe Single Family Housing market. Also days on market has dropped 10-20 days to sell a home or condo in Tempe.

January 1, 2013 – April 30, 2013

Zip Codes

85281

SF

85281

Condos

85282

SF

85282

Condos

85283

SF

85283

Condos

85284

SF

85284

Condos

Median Price $150,000 $142,500 $194,500 $102,806 $191,000 $121,500 $342,500 $145,000
Days on Market

33

39

34

35

39

39

44

33

May 1, 2013 – July 31, 2013

Zip Codes

85281

SF

85281

Condos

85282

SF

85282

Condos

85283

SF

85283

Condos

85284

SF

85284

Condos

Median Price $172,000 $167,500 $214,500 $118,000 $220,000 $125,000 $375,000 $190,000
Days on Market

22

44

24

26

20

20

33

32

Single Family

85281 = + 14.6%

85282 = + 10.2%

85283 = + 15%

85284 = +9.4%

Condo/Townhome

85281 = + 17.5%

85282 = + 14.7%

85283 = + 2.3%

85284 = + 31%

Boom Tempe home prices up 32% one condo market up 60%

Want to know what your Tempe Home or Condo Is worth, looking to sell your Tempe Property? Do not hesitatet o contact us at 480.458.8007 or fill out this form

For Property ValuesTo Sell Your Property

YOU’RE Tempe NEIGHBORHOOD REAL ESTATE SOURCE!

Tempe Real Estate Boutique

TempeHomesCondos.Com

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Phone: 480.458.8007 ~ Email: TempeHomesCondos@Gmail.com

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One thought on “Tempe Prices continue to climb, average of 12.3% Single Family 16.3% Condo market.

  1. Pingback: Tempe Real Estate Market Update 1st Quarter 2014; See Where Values are Increasing/Decreasing | Tempe Realty Boutique: A Full Real Estate & Tempe Lifestyle Agency

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