Arizona Real Estate Trends - A New Way to Look at Arizona Realty

Arizona Real Estate

Recent trends in Arizona real estate indicate that prices have evened out as buyer’s and seller’s negotiate a new understanding of the value of property in the modern economic climate. Between the end of 2011 and April of 2012, the average price for a condo or townhouse in Arizona went from $154,000 to $159,000. Single family homes, both in and out of the city, averaged a list price of $345,000 at the end of last year and seller’s are now asking an average of $343,000. With approximately 44% of the market share, single family homes and townhouses/condos constitute the foundation of the Arizona real estate market.

While the seller’s of single family homes and condos/townhouses seem to have agreed upon the correct price point for Arizona real estate, evidence indicates that buyer’s still expect to get great value for their money. Over the past 5 months, the average sale price of a single family home in Arizona has been $150,000, 54% below the average list price. In the condominium market, the average sale price is $137,000, almost 13% below the asking prices.

Map of Arizona Cities - Average Listing Price Change

Arizona Real Estate:
Largest Increase in Listing Price

City 3 mo.
Litchfield Park, AZ Real Estate
10.06%
Phoenix, AZ Real Estate
6.54%
Florence, AZ Real Estate
6.04%
Vail, AZ Real Estate
4.97%
Avondale, AZ Real Estate
4.88%

Arizona Real Estate:
Largest Decrease in Listing Price

City 3 mo.
Sedona, AZ Real Estate
7.97%
Payson, AZ Real Estate
5.33%
Flagstaff, AZ Real Estate
4.34%
Apache Junction, AZ Real Estate
3.75%
Marana, AZ Real Estate
3.35%

Arizona Homes For Sale By City

Most Expensive Arizona Homes for Sale by City

City Median $ 3 mo.
Paradise Valley, AZ Homes for Sale $2,337,495
2.31%
Carefree, AZ Homes for Sale $1,306,897
2.04%
Scottsdale, AZ Homes for Sale $1,050,195
3.13%
Sedona, AZ Homes for Sale $807,401
7.97%
Fountain Hills, AZ Homes for Sale $797,014
4.24%

Least Expensive Arizona Homes for Sale by City

City Median $ 3 mo.
Arizona City, AZ Homes for Sale $109,814
0.00%
El Mirage, AZ Homes for Sale $136,591
2.47%
Florence, AZ Homes for Sale $176,293
6.04%
Maricopa, AZ Homes for Sale $177,792
0.45%
Tolleson, AZ Homes for Sale $179,685
1.48%

Best Arizona Cities for Families and Singles

Top 5 Arizona Cities for Families

City Homes with
Children
Crime vs. Natl. Avg.
San Luis, AZ Local Info 72.00% 3.46
Somerton, AZ Local Info 62.00% 1.44
Queen Creek, AZ Local Info 60.00% 0.84
El Mirage, AZ Local Info 57.00% 1.57
San Tan Valley, AZ Local Info 55.00% 0.73

Top 5 Arizona Cities for Singles

City Unmarried Female
to Male
Florence, AZ Local Info 87.00% 20% / 80%
Eloy, AZ Local Info 85.00% 31% / 69%
Tempe, AZ Local Info 80.00% 48% / 52%
Flagstaff, AZ Local Info 78.00% 51% / 49%
Flowing Wells, AZ Local Info 77.00% 51% / 49%
Methodology

Largest Increase in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage increase in median listing prices for single family homes over a three month period.

Largest Decrease in Listing Price Methodology

This chart uses the median listing price of cities with at least 100 active property listings to calculate the largest percentage decrease in median listing prices for single family homes over a three month period.

Most Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five highest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Least Expensive Homes for Sale by City Methodology

This chart uses the median listing price of cities with at least 100 active property listings to retrieve the cities with the five lowest median listing prices of single family homes. In addition, the median listing prices are used to calculate the associated increase or decrease in median listing price as a percentage over a three month period.

Top 5 Cities for Families Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of homes with children and the lowest crime rate. Crime rate is determined by comparing each city's crime rate index against the national crime rate index, which equals 100. A number lower than one indicates less crime than the national average, while a number greater than one indicates more overall crime than the national average.

Top 5 Cities for Singles Methodology

This chart displays the top five cities with a population of at least 10,000 that have the highest percentage of unmarried people. An unmarried person is defined as someone who was never married, is separated, or divorced.