Real Estate Market Update for Phoenix, AZ
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 9% from one year earlier, and down 10% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 240-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 35%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 170-thousand dollars. The number of units sold decreased 7% year-over-year, and decreased 4% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
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 4
      Metrocenter Academy 0.8 mi Public 10-12 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
      Emmaus Lutheran School 2.1 mi Private PRESCHOOL-8 0 5
      Montessori Center School 2.4 mi Private PRESCHOOL-K 0 5
      Glenview Adventist Academy 2.6 mi Private PRESCHOOL-8 0 4
      Cordova Primary School 2.7 mi Public K-2 0 4
      Washington High School 3.0 mi Public 9-12 3 4
      Sts. Simon & Jude School 3.2 mi Catholic PRESCHOOL-8 0 5
      All Aboard Charter School 3.5 mi Public K-5 4 4
      Sunnyslope High School 3.6 mi Public 9-12 4 4
      Thunderbird High School 3.6 mi Public 9-12 4 4
      Greenway High School 3.6 mi Public 9-12 4-5 4
      Christ The King Academy 3.7 mi Private K-3 0 5
      Sevilla West School 3.9 mi Public 4-8 2 4
      Most Holy Trinity Elementary School 4.2 mi Catholic PRESCHOOL-8 0 5
      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 5 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 4-5 4
      Midtown Primary School 5.1 mi Public K-4 4 4
      Lookout Mountain School 5.1 mi Public PRESCHOOL-6 4 4
      Madison Traditional Academy 5.3 mi Public K-8 5 4
      Bret R. Tarver 5.4 mi Public K-5 2-5 4
      New World Educational Center 5.5 mi Public K-12 2 4
      Marc T. Atkinson Middle School 5.5 mi Public 6-8 2-5 4
      Imagine Coolidge Elementary School 5.5 mi Public K-5 2 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 1 5
      Humanities And Sciences High School - Phoenix 5.9 mi Public 9-12 0 4
      Brophy College Preparatory 6.0 mi Catholic 6-12 0 5
      Hidden Hills Elementary School 6.1 mi Public PRESCHOOL-6 4 4
      The Learning Institute 6.2 mi Public 7-12 1 5
      Xavier College Preparatory High School 6.2 mi Catholic 9-12 0 5
      Madison Heights Elementary School 6.3 mi Public PRESCHOOL-5 3 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-4 0 5
      Mercury Mine Elementary School 6.7 mi Public K-6 4-5 4
      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 PRESCHOOL-6 5 4
      Esperanza Community Collegial Academy 7.8 mi Public 9-12 0 0
      Franklin Police And Fire High School 7.8 mi Public 9-12 4-5 4
      St. Thomas The Apostle School 7.9 mi Catholic K-8 0 4
      Metropolitan Arts Institute 8.0 mi Public 7-12 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 2 4
      Arizona School For The Arts 8.5 mi Public 5-12 5 4
      Capitol Elementary School 8.8 mi Public PRESCHOOL-8 1 3
      Arizona Call-a-teen Youth Resources 8.8 mi Public 9-12 1 4
      Benchmark School 8.9 mi Public PRESCHOOL-6 5 5
      Phoenix Union Bioscience High School 9.1 mi Public 9-12 5 4
      Pardes Jewish Day School 9.1 mi Private PRESCHOOL-8 0 4
      Jack L Kuban Elementary School 9.2 mi Public PRESCHOOL-8 2 4
      Phoenix Christian School Prek - 8 9.4 mi Private PRESCHOOL-8 0 5
      St. Agnes 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
      Faith North 9.7 mi Public PRESCHOOL-8 4 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
      Arcadia High School 10.6 mi Public 9-12 4 4
      Pinnacle High School 10.6 mi Public 9-12 5 4
      Wilson Elementary School 10.7 mi Public 4-8 2-5 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 5 5
      Explorer Middle School 11.9 mi Public 7-8 5 4
      Desert Trails Elementary School 12.2 mi Public PRESCHOOL-6 5 4
      Arizona Lutheran Academy 12.6 mi Private 9-12 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-5 0 4
      Kyrene De Los Cerritos School 18.6 mi Public PRESCHOOL-5 4-5 5
      Kyrene Altadena Middle School 18.6 mi Public 6-8 5 4
      Kyrene De La Colina School 18.9 mi Public K-5 4 4
      West-mec - Boulder Creek High School 19.1 mi Public 9-12 0 4
      Diamond Canyon Elementary School 19.2 mi Public PRESCHOOL-8 5 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 PRESCHOOL-9 5 5
      Kyrene De La Sierra School 19.7 mi Public PRESCHOOL-5 5 5
      Kyrene De La Esperanza School 19.9 mi Public PRESCHOOL-5 4 4
      North Valley Christian Academy 20.3 mi Private PRESCHOOL-8 0 5
      Great Hearts Academies - Anthem Prep 20.3 mi Public 3-12 5 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 4-5 4
      Kyrene Akimel A-al Middle School 20.5 mi Public 6-8 4-5 4
      Summit School Of Ahwatukee 20.6 mi Private PRESCHOOL-8 0 5
      Casa Vida 21.0 mi Public K-6 0 5
      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 © 2014
      Local Weather for Phoenix, AZ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.