Lucas News and Real Estate Report
Median Price Graph
    1/13   2/13    3/13    4/13   5/13   6/13
Phoenix
 $155K   $160K  $168K   $172K  $175K   $180K 
Tempe  $170K  $169K   $173K  $178K   $195K  $202K
Chandler  $195K  $200K  $214K  $207K  $225K  $227K


Phoenix Real Estate Market Update
For a charts and graphs overview check the How's The Market section of our website.


Real estate numbers for July 1, 2013 relative to July 1, 2012:
- Active Listings: 15,692 versus 12,935 last year – up 21.3% –
and up 1.5% from 15,466 last month
- Pending Listings: 8,892 versus 10,197 last year – down 13.1% –
and down 8.0% from 9,662 last month
- Monthly Sales: 8,196 versus 8,133 last year – up 0.8% –
and down 11.1% from 9,224 last month
- Monthly Median Sales Price: $180K versus $140K last year –
up 28.5% – and up 2.9% from last month



Featured Home
5563 W Orchid Lane
Wonderful Warner Ranch
5 bed, 3 bath, 3266 sf, pool/ spa, upgraded, great location
Priced at $468,000

More details


Home buyers scramble as rates climb
Mortgage interest rates have jumped over the past two months from levels
that now look like once-in-a-lifetime lows.

Read more


Home price gains bring sellers off the sidelines
Soaring prices are leaving fewer homeowners owing more money than their
properties are worth, bringing them off the sidelines of the nation’s surging
housing market and offering relief to buyers who are frustrated by bidding wars.

Read more


Phoenix market sees boomerang buyers
Financial experts estimated it might take up to seven years for people who lost
a home through a foreclosure or short sale to qualify for a mortgage to buy again.
Thousands of new Phoenix-area homeowners are proving the experts wrong.

Read more


HARP has been a boom for struggling homeowners
Although some of the early federal mortgage-relief programs struggled to gain traction,
one effort continues to help Arizona homeowners lower their mortgage interest rates
and monthly payments.

Read More


Thinking of buying or selling a home?
Go hire yourself a LUCAS!
Your Tempe/ Chandler Real Estate Resource for 20 years.
(480) 598-8800
TheLucasGroup.com