Phoenix-Scottsdale Real Estate Market Report -June
So What’s Happening in Phoenix/Scottsdale?
The Phoenix Market is now made up of 89% non-distressed sales – as was stated earlier. In turn, this has greatly improved the financing situation as seen below. Closed sales prices continue to drift sideways with the current median sales price of a single family detached home being $206,000 and the average sales price is $278,434. Closed units for 2014 are running 18% behind 2013 year to date. There is a 3.4 months supply of inventory at present.
Meanwhile the Diamondbacks have a solid road record at 17-14. So perhaps fewer home games is the answer to improving their season?
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