Real Estate Market Update for Phoenix, AZ

Video: Real Estate Community Tour for Phoenix, AZ

See Real estate community tour for Phoenix, AZ Phoenix is the capital of Arizona. Also known as the Valley of Sun, it is home to over 1.5 million people, making it the sixth most populated city in the US. Phoenix has a diverse economy, including a strong high-tech manufacturing sector, and is home to four fortune 500 companies. With an average of 330 sunny days per year, residents make the most of their beautiful outdoor surroundings. With more than 200 golf courses and many parks, recreational opportunities abound in Phoenix. The suburb of Scottsdale is a popular tourist destination. With the most spas per capita of any city in the US, visitors are drawn to the breathtaking beauty of the nearby mountains, as well as its upscale shopping and dining. The family-friendly suburbs of Chandler and Gilbert offer excellent schools and easy access to all that greater Phoenix has to offer. Tour the many attractive homes available throughout the Phoenix area on century21.com.
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 33% from one year earlier, and down 6% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 290-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold increased 15% year-over-year, and decreased 11% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Phoenix is the capital of Arizona. Also known as the Valley of Sun, it is home to over 1.5 million people, making it the sixth most populated city in the US. Phoenix has a diverse economy, including a strong high-tech manufacturing sector, and is home to four fortune 500 companies. With an average of 330 sunny days per year, residents make the most of their beautiful outdoor surroundings. With more than 200 golf courses and many parks, recreational opportunities abound in Phoenix. The suburb of Scottsdale is a popular tourist destination. With the most spas per capita of any city in the US, visitors are drawn to the breathtaking beauty of the nearby mountains, as well as its upscale shopping and dining. The family-friendly suburbs of Chandler and Gilbert offer excellent schools and easy access to all that greater Phoenix has to offer. Tour the many attractive homes available throughout the Phoenix area on century21.com.
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Map Information for Phoenix, AZ
Area Information for Phoenix, AZ
  • Population: 1,475,695
  • Median Age: 31.75 yr
  • Median Commute Time: 22.77 mins
  • Educational Climate*: 3
  • Sales Tax: 8.3%
  • Population Density: 2,856/sq mi
  • Population Change Since 2000: 11.22%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: American Indian College
  • Closest Jr. College: The Bryman School
  • Median Household Income: $49,954
  • Annual Residential Turnover: 22.99%
  • Median Years in Residence: 2.58 yr
  • Median Home Sales Price: $118,000
  • Closest Major Sports Team: Diamondbacks
  • Change Avg. Household Income Since 2000: 20%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Phoenix, AZ
Median Age: 31.75 Married: 26% Number of Households: 529,682 Households with Children: 199,095
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Phoenix, AZ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Accel 0.5 mi Private UNGRADE-UNGRADE 0 3
      Metrocenter Academy 0.8 mi Public 9-12 0 4
      Christ The Redeemer Lutheran School And Preschool 1.0 mi Private PRESCHOOL-5 0 5
      Moon Valley High School 1.6 mi Public 9-12 4 4
      Edupreneurship Student Center (esc) Phoenix 2.0 mi Public K-8 0 4
      Emmaus Lutheran School 2.1 mi Private PRESCHOOL-8 0 5
      Maya High School 2.4 mi Public 9-12 0 4
      Glenview Adventist Academy 2.6 mi Private PRESCHOOL-8 0 4
      Cornerstone Charter School 2.7 mi Public 9-12 0 4
      Cordova Primary School 2.7 mi Public K-2 0 4
      Washington High School 3.0 mi Public 9-12 3 4
      Ss Simon & Jude School 3.2 mi Catholic PRESCHOOL-8 0 5
      All Aboard Charter School 3.5 mi Public K-5 3-5 4
      Sunnyslope High School 3.6 mi Public 9-12 4 4
      Thunderbird High School 3.6 mi Public 9-12 3-5 4
      Greenway High School 3.6 mi Public 9-12 4 4
      Christ The King Academy 3.7 mi Private K-3 0 5
      Most Holy Trinity Catholic Elementary School 4.2 mi Catholic PRESCHOOL-8 0 4
      Northwest Christian School 4.2 mi Private PRESCHOOL-12 0 4
      Valley Classical Christian Academy 4.4 mi Private K-8 0 5
      Arizona Conservatory For Arts And Academics Middle School 4.5 mi Public 6-8 4 0
      All Saints Episcopal Day School 4.8 mi Private PRESCHOOL-8 0 5
      Bourgade Catholic High School 4.8 mi Catholic 9-12 0 4
      James W. Rice Primary School 5.1 mi Public K-3 2-5 4
      Midtown Primary School 5.1 mi Public K-4 3-5 4
      Lookout Mountain School 5.1 mi Public K-6 4 4
      Madison Traditional Academy 5.3 mi Public K-8 5 4
      Bret R. Tarver 5.4 mi Public K-5 2 4
      New World Educational Center 5.5 mi Public K-8 2-5 4
      Marc T. Atkinson Middle School 5.5 mi Public 6-8 1 4
      Phoenix Christian Unified School 5.9 mi Private PRESCHOOL-12 0 4
      Alhambra Traditional School 5.9 mi Public K-8 5 4
      International Commerce High School - Phoenix 5.9 mi Public 9-12 0 5
      Humanities And Sciences High School - Phoenix 5.9 mi Public 9-12 0 4
      St Francis Xavier School 6.0 mi Catholic PRESCHOOL-8 0 5
      Brophy College Preparatory 6.0 mi Catholic 6-12 0 5
      The Learning Institute 6.2 mi Public 7-12 0 5
      Xavier College Preparatory High School 6.2 mi Catholic 9-12 0 5
      Madison Heights Elementary School 6.3 mi Public PRESCHOOL-4 3-5 4
      Clarendon School 6.4 mi Public 4-6 2 4
      Paradise Valley Christian Prep 6.4 mi Private PRESCHOOL-12 0 5
      Holy Trinity Academy 6.4 mi Private PRESCHOOL-K 0 5
      Mercury Mine Elementary School 6.7 mi Public K-6 4 4
      Intelli-school - Paradise Valley 6.8 mi Public 9-12 0 3
      Desert Voices Oral Learning 7.5 mi Private UNGRADE-UNGRADE 0 5
      Valley Academy - Reid Traditional Schools 7.6 mi Public PRESCHOOL-8 5 4
      Khalsa Montessori Elementary School - Phoenix 7.8 mi Public 1-6 5 4
      Franklin Police And Fire High School 7.8 mi Public 9-12 4-5 4
      St Thomas The Apostle School 7.9 mi Catholic PRESCHOOL-8 0 4
      Metropolitan Arts Institute 8.0 mi Public 7-12 5 4
      Villa Montessori - Phoenix Campus 8.3 mi Public K-8 4-5 4
      Imagine Desert West Middle School 8.4 mi Public K-8 2-5 2
      Accelerated Learning Center 8.4 mi Public 9-12 0 4
      Arizona School For The Arts 8.5 mi Public 5-12 5 4
      Adams Traditional Academy 8.6 mi Public K-8 4-5 4
      Career Success High School - Robert L. Duffy 8.7 mi Public 9-12 0 4
      Capitol Elementary School 8.8 mi Public PRESCHOOL-8 1 3
      Arizona Call-a-teen Youth Resources 8.8 mi Public 9-12 0 4
      Benchmark School 8.9 mi Public PRESCHOOL-6 4-5 5
      Phoenix Union Bioscience High School 9.1 mi Public 9-12 5 4
      Jack L Kuban Elementary School 9.2 mi Public PRESCHOOL-8 2 4
      Phoenix Christian School Pk-8 9.4 mi Private PRESCHOOL-8 0 5
      St Agnes Catholic School 9.4 mi Catholic PRESCHOOL-8 0 5
      Quail Run Elementary School 9.6 mi Public K-6 4-5 4
      Alfred F Garcia School 9.7 mi Public PRESCHOOL-8 1 4
      Student Choice High School Tatum Campus 9.7 mi Public 9-12 0 3
      Christ Lutheran School 9.8 mi Private PRESCHOOL-8 0 5
      South Ridge High School 10.0 mi Public 9-12 4 4
      Mountain Trail Middle School 10.3 mi Public 7-8 4 4
      Boulder Creek Elementary School 10.4 mi Public PRESCHOOL-6 4-5 4
      Pinnacle High School 10.6 mi Public 9-12 5 4
      Wilson Elementary School 10.7 mi Public 4-8 2 4
      Gateway School 10.9 mi Public K-8 1 4
      Norterra Canyon K-8 10.9 mi Public PRESCHOOL-8 4-5 5
      Hopi Elementary School 11.0 mi Public K-5 4-5 5
      Wildfire Elementary School 11.8 mi Public K-6 4-5 5
      Explorer Middle School 11.9 mi Public 7-8 5 4
      Arizona Lutheran Academy 12.6 mi Private 9-12 0 4
      Amy L. Houston Academy 14.1 mi Public K-8 0 4
      Eagle College Prep 14.1 mi Public K-8 3-5 5
      91st Psalm Christian School 14.7 mi Private PRESCHOOL-12 0 4
      Horseshoe Trails Elementary School 14.9 mi Public K-6 5 5
      Awakening Seed School 15.3 mi Private PRESCHOOL-4 0 4
      Kyrene Altadena Middle School 18.6 mi Public 6-8 5 4
      Kyrene De Los Cerritos School 18.6 mi Public PRESCHOOL-5 4-5 5
      Kyrene De La Colina School 18.9 mi Public K-5 3 4
      West-mec - Boulder Creek High School 19.1 mi Public 9-12 0 4
      Kyrene Monte Vista 19.3 mi Public K-5 5 4
      Ambassador Academy 19.4 mi Public K-5 0 5
      Keystone Montessori Charter School 19.7 mi Public 1-9 5 5
      Kyrene De La Sierra School 19.7 mi Public K-5 5 5
      Kyrene De La Esperanza School 19.9 mi Public PRESCHOOL-5 4 4
      Great Hearts Academies - Anthem Prep 20.3 mi Public 3-12 5 5
      North Valley Christian Academy 20.3 mi Private PRESCHOOL-8 0 5
      Desert Vista High School 20.3 mi Public 9-12 5 3
      Kyrene De La Estrella Elementary School 20.4 mi Public PRESCHOOL-5 4 4
      Kyrene Akimel A-al Middle School 20.5 mi Public 6-8 4 4
      Summit School Of Ahwatukee 20.6 mi Private PRESCHOOL-8 0 5
      Casa Vida 21.0 mi Public K-6 0 5
      Horizon Honors Secondary School 21.0 mi Public PRESCHOOL-12 4-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for Phoenix, AZ
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.