Market Report Dec 22 2020

Dated: December 22 2020

Views: 207

2020 has been quite the year for the Arizona Real estate industry.  Early in the year, it was unknown how our  market would be, in the following months of a government shutdown, but the housing industry, thrived.   Factors that boosted our market were historically low interest rates that have held fast.  Low inventory, has increased pricing, encouraging home owners to: 1. refinance 2. relocate 3. upsize or downsize. 

In our Phoenix area,   in the past 3 to 5 years there have between 27,000 to 30,000 homes on the market.  Today, we have 6,400 homes available for sale.  We are down about 75% in inventory.  Every home we put on the market has about 14 to 30 people wanting it, and writing offers on it.  Currently in San Tan Valley (zip code 85143) we have 26 active homes for sale.  Right now we have a STRONG Sellers market. 

San Tan Valley, AZ 85143

Tue Dec 22 2020
This week the median list price for San Tan Valley, AZ 85143 is $369,000 with the market action index hovering around 98. This is an increase over last month's market action index of 95. Inventory has held steady at or around 27. Click here to stay informed with the San Tan Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Buyer'sMarketSeller'sMarket0102030405060708090100TodayTodayLast MonthLast Month9898

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.


Real-Time Market Profile

Never miss important changes in the San Tan Valley market.
Median List Price $369,000
Per Square Foot $165
Days on Market 32
Price Decreased 11%
Price Increased 19%
Relisted 0%
Inventory 27
Median Rent
Most Expensive
$659,900
Least Expensive
$210,000
Market Action 98
Strong Seller's Market

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