Tempe, AZ Real Estate News

By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for March 2022:  The average sales price of Tempe homes increased for the fourth straight month, moving from $565,980 in February to $577,839 in March. This is not as large of an increase as the last three months, but the average sales price of Tempe homes has reached a new all-time high.After increasing for two straight months, the average sold price per square foot of Tempe homes remained the same as last month. The average sold price in Tempe remains at the all-time high of $303/sf for March. After increasing to 50 days on market in December to end 2021, Tempe days on market decreased two months in a row, to a low of 29 for February, but jumped back up to 40 DOM for March. Days on market typically decrease during the ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for February 2022:  The average sales price of Tempe homes increased for the third straight month, moving from $531,413 in January to $565,980 in February. This is the largest increase in average sales price for February since before 2018. The average sales price of Tempe homes has reached a new all-time high, surpassing the previous high of $535,535 achieved back in June of 2021.The average sold price per square foot of Tempe homes also increased for the second straight month after experiencing a decrease in December to end 2021. The average sold price in Tempe increased from $294/sf in January to a new all-time high of $303/sf in February. After increasing to 50 days on market in December to end 2021, Tempe days on mar...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for January 2022:  The average sales price of Tempe homes increased for the second straight month, moving from $514,944 in December to $531,413 in January of 2022. This is the fourth straight year that the average sales price of Tempe homes have increased in January to start off a new year. After seeing a few drops in the average sales price in the last part of 2021, the average sales price of Tempe homes is getting close to the all-time high of $535,535 achieved in June of 2021.The average sold price per square foot of Tempe homes also increased after decreasing the previous month. The average sold price in Tempe went from $289/sf in December to a new all-time high of $294/sf in January. After increasing from 32 to 50 d...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Planned for a year, this first of it's kind Habitat for Humanity 3D printed home in Tempe, Arizona is about 85% complete!  This unique home will be very energy efficient and is achieving LEED Platinum certification,  US Green Building Council's highest awarded home.   The home features about 1800 square feet, 3 bedroom, 2 bath, and is across the street from a neighborhood park.  It's one of 4 homes being built on 19th Street;  land that was formerly owned by the City of Tempe.  Due to the pandemic and ensuing issues, construction that was originally set to start in January began in May, 2021.  As you can imagine, construction during the summer time in the Sonoran Desert is completed between 5 am and noon each day before temperatures sore. Since the home is built on a two foot slab and p...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for December 2021:  The average sales price of Tempe homes increased in December after decreasing in November. The average sales price of Tempe homes ended the year on an upswing and is now at $514,944, still lower than the all-time high of $535,535 achieved in June of this year.At the same time, the average sold price per square foot decreased after increasing the previous two months. The average sold price went from an all-time high of $293/sf in November to $289/sf in December. After remaining the same as the month before in November, Tempe days on market shot up significantly to end the year. Days on market went from 32 DOM in November up to 50 DOM in December. Even though the trend has seen days on market increasin...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for November 2021:  The average sales price of Tempe homes for November significantly decreased by $33,854, after increasing by $30,504 the last two months. The average sales price of Tempe homes is now at $501,611.At the same time, the average sold price per square foot increased for the second straight month, going from $279/sf in October to $293/sf in November. After increasing for four straight months, days on market remained the same in November as October, at 32 DOM. Even though the trend has seen days on market increasing, 32 DOM is still very low, and homes in Tempe are still selling very fast. Click on the image below to read the full article, and see what is going on in the Tempe Arizona real estate market.   ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for October 2021:  The average sales price of Tempe homes for October increased for the second straight month, this time by $22,542, up to $535,465. After dropping $21,421 in July, and another $11,233 drop in August, this continues to be a good sign for the fall. At the same time, the average sold price per square foot increased in October, from $277/sf to $279/sf, after decreasing in September. Days on market increased for the fourth straight month, up to 32 DOM in October after recording an all-time low of 22 DOM in May and June. Click on the image below to read the full article, and see what is going on in the Tempe Arizona real estate market.   Feel free to reach out to me if you have any questions about home buying...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for September 2021:  After seeing a decrease in the average sales price of Tempe homes over the last two months, the average sales price for September increased $7,259, up to $512,219. After dropping $21,421 in July, and another $11,233 drop in August, this was a good sign heading into the Fall. At the same time, the average sold price per square foot decreased in September, from $287/sf to $277/sf, after increasing in August. Days on market increased for the third straight month, up to 28 DOM in September after recording an all-time low of 22 DOM in May and June. Click on the image below to read the full article, and see what is going on in the Tempe Arizona real estate market.   Feel free to reach out to me if you hav...
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By Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work!
(HomeSmart Elite Group Tempe AZ Tel: 602.710.8161)
Maple Ash Neighborhood in Tempe AZ is a historic neighborhood near the rapidly developing downtown and near Arizona State University.Most people like this area, and say this has to be the best of both worlds - they can walk or bike to almost everything on streets with mature trees. Many employers from the high-tech, banking and research industries have offices in Downtown Tempe, world class entertainment is offered at places like Gammage Auditorium,  Tempe Center for the Arts, Tempe Town Lake.Please take a virtual tour of the neighborhood and the patio homes that are for sale at this small HOA, called 10th and Ash Place.  10th and Ash Place a relaxing and serene oasis in Tempe AZ, one of the most thriving economic developments in the country.For more information about having this as a p...
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By Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
(Value Added Service, 602-620-2699)
Housing statistics for homes in Tempe, AZ, 85282 priced between $400,000 and $600,000 reflect slightly more inventory, increasing days on market, but also rising prices.  There is no indication of prices dropping and it's still a sellers market.  We expect this to continue on into 2022.  Active listings in 85282, priced between $400,000 and $600,000 have increased by 64% year over year.  Even though that sounds like a lot, it's not overall.   Active listings show 36 as of 10/3/21, while there were 13 listings the same week a year ago, during the frenzy!   Are listings selling as fast as they were a year ago?   Currently, homes in 85282 priced between $400,000 and $600,000 are selling in about 32 days, up from 28 days a year ago.  That's a VERY minor difference in a year; meaning that de...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for August 2021:  After June saw a $32,647 increase in the average sales price of Tempe homes, there has been a decrease in the average sales price over the last two months. I don't think this has happened in at least a year, but after dropping $21,421 in July, the average sales price of homes in Tempe dropped another $11,233, to $504,960 in August. At the same time, the average sold price per square foot increased in August, from $271/sf to $287/sf, after decreasing for the first time in the last six months in July. Days on market increased for the second straight month, up to 26 DOM, after recording an all-time low of 22 DOM in May and June. However, homes in Tempe are still selling very fast, and competition is high....
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for July 2021:  After June saw a $32,647 increase in the average sales price of Tempe homes, July saw a decrease in the average sales price of Tempe homes by $21,421. At the same time, the average sold price per square foot decreased for the first time in the last six months from $276/sf to $271/sf. Days on market increased in July to 23 DOM, after recording an all-time low of 22 DOM the last two months.  After increasing in four of the last five months, Tempe home sales decreased from 145 to 132 in July. With this decrease, Tempe home sales are -12.0% lower than in July of 2020. This is mainly due to the COVID-19 pandemic shutting down the economy last March, but by June of 2020, the housing market had already made a n...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for June 2021:  After May saw a drop in the average sales price of Tempe homes by over $23,000, June saw an increase of $32,647, back up to $537,614. At the same time, the average sold price per square foot increased for the fifth straight month from $264/sf to $276/sf. Days on market for June remained the same as it was in May, an all-time low of 22 DOM, after increasing to 29 DOM in April.  Tempe home sales saw a nice increase up to 145 in June, the fourth increase in the last five months. With this increase, Tempe home sales are 1.4% higher than June of 2020. This is mainly due to the COVID-19 pandemic shutting down the economy last March, but by June of 2020, the housing market had already made a nice recovery. The ...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe AZ Real Estate Housing Market Report for May 2021:  The average sales price of homes in Tempe had increased over $90,000 in March and April, so it was bound to drop a little in May. May saw a drop in the average sales price in Tempe, down over $23,000 to $504,967. At the same time, the average sold price per square foot increased for the fourth straight month from $258/sf to $264/sf. Days on market went down in May to a new all-time low of 22 DOM after increasing in April.  Tempe home sales slightly decreased in May from 131 to 125, the first decrease in the last five months. Even though they decreased, Tempe home sales are still 34.4% higher than last May. This is mainly due to the COVID-19 pandemic shutting down the economy last March. Up until May, it l...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for April 2021:  After increasing over $35k in March, the average sales price of homes in Tempe increased almost $55k in April, to a new all-time high of $528,354, and surpassing $500k for the first time. At the same time, the average sold price per square foot increased for the third straight month from $245/sf to $258/sf. Days on market shot up in April to 29 DOM after decreasing the previous three months.  Tempe home sales slightly increased in April from 126 to 131 for the fourth straight monthly increase, and are 48.9% higher than last April. This is mainly due to the COVID-19 pandemic shutting down the economy last March. It is typical for home sales to start off slow in the beginning of a new year, but if this trend...
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By Troy Erickson AZ Realtor (602) 295-6807, Your Chandler, Ahwatukee, and East Valley Realtor
(Good Company Real Estate)
Here is the most recent Tempe Real Estate Housing Market Report for March 2021:  After decreasing over $13k in February, the average sales price of homes in Tempe increased over $35k in March, to an all-time high of $473,421. At the same time, the average sold price per square foot increased for the second straight month from $239/sf to $245/sf. Days on market has decreased for the third straight month, down to an all-time low of 25 DOM for March.  Tempe home sales jumped in March from 113 to 126 for the third straight monthly increase, and are actually 8.6% higher than last March. It is typical for home sales to start off slow in the beginning of a new year, but if this trend continues, it may be a good year for home sales in Tempe. The number of new listings increased to 149, but is ...
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
Tempe Loft for Sale - 5th Street West with 3 BedroomsIf you've been searching for a Loft, in the city of Tempe, where the nights seldom end and Mill Ave is a hot spot for drinking, dancing and dining, you have stumbled on the right blog.This 3 Bedroom Loft for Sale in Tempe, features over 1,800 square feet and was built in 2009. Located just off 5th Street and Priest. Located just over a mile from Tempe Beach Park, just under a mile and a half to Sky Harbor Airport and 2 miles to the Phoenix Zoo.ASU is east of this community, so its just under 2 miles away. With the Light Rail System and the new "Tempe Trolly" system being installed, Tempe will be easier than ever to get around.Priced to sell at $499,000. Call today. 602-321-6188
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By Chris Dunham, The Real Estate Guy™
(NexGen Brokered by eXp Realty)
4 Bedroom home for Sale in Tempe - Large Lot home in TempeLocated just off Broadway and Mill Ave in "Tempe Estates" this 4 bedroom, 3 bath home for Sale features over 2,200 squae feet, a large, 10,000 plus square foot lot. Single level home with solid block construction. This Tempe home was built in the 1950's and has that old world Bungalow feel to it, but it has been completely remodled from floor to ceiling. A large, open floor-plan, that hinges on the great-room concept. A large kitchen with room for an Island. Large walk in pantry as well. Black appliances accent the gray tones of the cabinetry while the nuetral colored plank flooring add to the dymanic of interior colors. The Custom granite counter tops blend nicely as well. Not too busy, but classy enough to have that "feel and l...
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By Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work!
(HomeSmart Elite Group Tempe AZ Tel: 602.710.8161)
This mid-century modern  4-bed/ 3-bath home in Tempe's Daley Park neighborhood is now on the market for sale.The home has been remodeled and updated beautifully. The white kitchen opens to the dining room, which has a view to the back yard and the front lawn. The living room feels spacious and bright, with an oversized window.   The street is one of the quietest streets in the community, yet close to the park, to grocery shopping and restaurants. If I lived here, I would walk to the performances at ASU Gammage Hall to enjoy a Broadway show, or a concert. 329 E Solana Drive,Tempe AZ 852814-bed/3-bath and a garage$649,000If you would like more information, please visit the details page on this link : https://www.talktosteffy.com/property/6207239/I would be happy to provide you with a tour...
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By Steffy Hristova, Tempe AZ Realtor - Your Home Close to Your Work!
(HomeSmart Elite Group Tempe AZ Tel: 602.710.8161)
This beautiful townhome in Tempe's 525 Townlake community is right in the heart of everything downtown. A resident here can walk to the vibrant downtown Mill Avenue . And reach easily Arizona State University.The townhome was built in 2006 and extensively remodeled in 2019. The location of the townhome within the community is very central and convenient - walk from your front door, and you are at the pool. Click the gate code from your car, enter and turn West and you are in front of your garage. Take your dog for a walk, cross Rio Salado Parkway and jog along Tempe Beach Park pathways, check out what's happening at Tempe Center for the Arts, cross one of the pedestrian bridges and jog all the way to the Tempe Marina. Please view more photos and details on the link below:525 W Lakeside ...
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