Lucas News and Real Estate Report
Median Price Graph
    8/13    9/13    10/13   11/13   12/13   1/14
Phoenix
 $182K   $185K  $184K   $184K  $185K   $183K
Tempe  $194K  $209K   $206K  $193K   $190K  $220K
Chandler  $232K  $238K  $232K  $226K  $235K  $218K
 
Phoenix Area Real Estate Market Update
For a charts and graphs overview check the How's The Market section of our website.


Real estate numbers for January, 2014 relative to January, 2013:
- Active Listings: 24,367 versus 16,440 last year – up 48% –
and up 8% from 22,460 last month
- Monthly Sales: 4,703 versus 5,709 last year – down 18% –
and down 20% from 5,867 last month
- Monthly Median Sales Price: $183K versus $155K last year –
up 18% – and down 1% from $185K last month

 
Click here to request the current value of your home
Local home values are up over 75% since the market low. Most homeowners are
happily surprised by the actual value of their home in today's market.

 
Featured Homes

Beauty in Ahwatukee Lakewood Area
4 bed, 2046 sqft, pool, immaculate
Priced at $330,000

More details


Chandler Home with Lake/ Mtn Views
5 bed, 3517 sqft, many features, pool
Priced at $379,900

More details
 
Phoenix housing markets tilts in favor of buyers
The number of houses for sale in metro Phoenix has climbed over 40 percent in the past
year. With many more properties from which to choose, the market is tilting away from
sellers toward people looking to buy.

Read more
 
Things to consider in shifting real estate market
Given some of the recent shifts in the market, here are some important things you should know.
Read more
 
Paying down a mortgage early has benefits
No matter the reason or how it’s done, paying down a mortgage more quickly can be a
smart move for homeowners.

Read more
 
With fewer foreclosures, some investors leave market
The house-flipping frenzy is over in metro Phoenix, though a few investors are still able to
make it work if they can find the right house.

Read More
 
Thinking of buying or selling a home?
Go hire yourself a LUCAS!
Your Phoenix East Valley Real Estate Resource for 20 Years and Counting
(480) 598-8800