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 September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 11% from one year earlier, and down 8% 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 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 9%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 210-thousand dollars. The number of units sold increased 11% year-over-year, and increased 2% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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: 1,551,461
  • Median Age: 33.86 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 2,998/sq mi
  • Population Change Since 2000: 16.95%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Phoenix Inst Herbal Medicine-acupuncture
  • Closest Jr. College: Carrington College-phoenix-westside
  • Median Household Income: $48,502
  • Annual Residential Turnover: 20%
  • Median Home Sales Price: $179,000
  • Closest Major Sports Team: Phoenix Mercury
  • Change Avg. Household Income Since 2000: 20.48%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Phoenix, AZ
Median Age: 33.86 Married: 33% Number of Households: 555,138 Households with Children: 183,958
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 School Rating Parent Rating
      Cortez High School 0.9 mi Public 9-12 2 3
      North Pointe Preparatory 0.9 mi Public 7-12 3 4
      Alta Vista Elementary School 0.9 mi Public PRESCHOOL-6 2 0
      Cholla Middle School 1.3 mi Public 7-8 2 4
      Moon Valley High School 1.6 mi Public 9-12 2 4
      Kaizen - Maya High School 2.4 mi Public 9-12 0 4
      Westwind Preparatory Academy 2.5 mi Public 6-12 3 2
      Cornerstone Charter School 2.7 mi Public 9-12 1 4
      Asdb/phoenix Day School 2.7 mi Public K-12 0 0
      Washington High School 3.0 mi Public 9-12 2 3
      Ironwood Elementary School 3.3 mi Public PRESCHOOL-6 2 3
      Sunnyslope High School 3.6 mi Public 9-12 3 3
      Thunderbird High School 3.6 mi Public 9-12 3 4
      Greenway High School 3.6 mi Public 9-12 4 4
      Northwest Christian School 4.2 mi Private PRESCHOOL-12 0 0
      Alhambra High School 4.4 mi Public 9-12 1 3
      Arizona Conservatory For Arts And Academics 4.5 mi Public K-12 3 3
      Bourgade Catholic High School 4.8 mi Catholic 9-12 0 4
      Torah High School Of Arizona 5.1 mi Private 9-12 0 0
      Lookout Mountain School 5.1 mi Public K-6 4 4
      Mountain Sky Middle School 5.2 mi Public 7-8 3 4
      Valley Lutheran High School 5.3 mi Private 9-12 0 0
      Pan-american Charter School 5.5 mi Public K-12 3 0
      Imagine Coolidge Elementary School 5.5 mi Public K-5 1 3
      West-mec - Central Campus 5.6 mi Public 9-12 0 4
      Pueblo Del Sol Middle School 5.8 mi Public K-8 0 3
      Phoenix Christian Unified School 5.9 mi Private PRESCHOOL-12 0 0
      Alhambra Traditional School 5.9 mi Public K-8 5 0
      Bostrom Alternative Center 5.9 mi Public 9-12 0 5
      Humanities And Sciences High School - Phoenix 5.9 mi Public 9-12 0 2
      Brophy College Preparatory 6.0 mi Catholic 6-12 0 4
      Central High School 6.1 mi Public 9-12 0 3
      Crown Point High School 6.2 mi Public 9-12 1 0
      Xavier College Preparatory High School 6.2 mi Catholic 9-12 0 4
      Paradise Valley Christian Prep 6.4 mi Private PRESCHOOL-12 0 0
      West Phoenix High School 6.4 mi Public 9-12 1 5
      Madison #1 Elementary School 6.5 mi Public 5-8 3 3
      Maryvale High School 6.5 mi Public 9-12 0 3
      Phoenix College Preparatory Academy 6.7 mi Public 9-12 3 3
      Metro Tech High School 6.8 mi Public 9-12 1 3
      Shadow Mountain High School 6.9 mi Public 9-12 1 3
      Magnet Traditional School 6.9 mi Public K-8 3 0
      Barry Goldwater High School 7.2 mi Public 9-12 2 3
      Premier Charter High School 7.3 mi Public 9-12 0 0
      Basis Phoenix 7.3 mi Public 5-12 5 3
      Valley Academy - Reid Traditional Schools 7.5 mi Public PRESCHOOL-8 5 0
      Suns-diamondbacks Education Academy 7.6 mi Public 11-12 0 0
      North Canyon High School 7.7 mi Public 9-12 1 3
      Trevor Browne High School 7.8 mi Public 9-12 1 3
      Franklin Police And Fire High School 7.8 mi Public 9-12 2 4
      St. Mary's Catholic High School 7.8 mi Catholic 9-12 0 4
      North High School 7.9 mi Public 9-12 3 3
      Carl Hayden High School 7.9 mi Public 9-12 1 3
      Metropolitan Arts Institute 8.0 mi Public 7-12 4 4
      Camelback High School 8.2 mi Public 9-12 1 3
      Raul H. Castro Middle School 8.3 mi Public 6-8 1 2
      Imagine Desert West Elementary School 8.3 mi Public K-8 1 4
      Arizona School For The Arts 8.5 mi Public 5-12 5 4
      Genesis Academy 8.5 mi Public 9-12 1 0
      Desert Horizon Elementary School 8.5 mi Public K-8 2 0
      Kaizen - Summit High School 8.6 mi Public 9-12 0 0
      Adams Traditional Academy 8.6 mi Public K-8 5 0
      Career Success High School - Robert L. Duffy 8.6 mi Public 9-12 1 5
      Arrowhead Elementary School 8.7 mi Public PRESCHOOL-6 1 0
      Capitol Elementary School 8.8 mi Public PRESCHOOL-8 1 0
      Phoenix Union Bioscience High School 9.1 mi Public 9-12 4 3
      Paradise Valley High School 9.3 mi Public 9-12 2 4
      Arizona Preparatory Academy 9.5 mi Public 9-12 1 0
      Aaec Paradise Valley 9.6 mi Public 9-12 5 3
      Sandra Day O'connor High School 9.8 mi Public 9-12 3 3
      South Ridge High School 10.1 mi Public 9-12 2 3
      Mountain Trail Middle School 10.3 mi Public 7-8 3 0
      Arcadia High School 10.6 mi Public 9-12 3 3
      Wilson Elementary School 10.7 mi Public 4-8 1 4
      Pinnacle High School 10.7 mi Public 9-12 4 4
      Hope High School 11.5 mi Public 9-12 0 0
      Cesar E Chavez Community School 11.8 mi Public PRESCHOOL-8 2 0
      Gateway Early College High School 11.9 mi Public 9-12 3 4
      Daisy Education - Sonoran Science Academy Phoenix 11.9 mi Public K-12 2 0
      Explorer Middle School 11.9 mi Public 7-8 5 4
      Veritas Preparatory Academy 11.9 mi Public 6-12 5 3
      Rose Linda School 12.6 mi Public K-8 2 3
      Arizona Lutheran Academy 12.6 mi Private 9-12 0 0
      South Mountain High School 12.9 mi Public 9-12 1 3
      Ed & Verma Pastor Elementary School 12.9 mi Public K-8 1 0
      Bernard Black Elementary School 13.0 mi Public K-8 0 0
      Percy L Julian School 13.2 mi Public K-8 0 0
      Sequoia Choice Precision School 14.1 mi Public 9-12 1 0
      Desert Marigold School 14.3 mi Public PRESCHOOL-12 5 0
      South Pointe High School 14.5 mi Public 9-12 0 3
      Aaec High School 14.6 mi Public 9-12 3 4
      Nevitt Elementary School 15.6 mi Public PRESCHOOL-5 3 0
      Arizona Cultural Academy 16.1 mi Private PRESCHOOL-12 0 0
      Sunset Ridge Elementary School 16.4 mi Public PRESCHOOL-8 5 0
      Mountain Pointe High School 19.0 mi Public 9-12 2 3
      Boulder Creek High School 19.0 mi Public 9-12 4 3
      Great Hearts Academies - Anthem Prep 20.3 mi Public 3-12 5 0
      Desert Vista High School 20.3 mi Public 9-12 4 4
      Kyrene Akimel A-al Middle School 20.5 mi Public 6-8 4 4
      Horizon Honors Secondary School 21.0 mi Public PRESCHOOL-12 5 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Phoenix, AZ
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.