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Jared Smith
  • Real Estate Broker
  • Scottsdale AZ & Cleveland, OH
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163
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Arizona March 2020 Stats

Jared Smith
  • Real Estate Broker
  • Scottsdale AZ & Cleveland, OH
Posted Apr 8 2020, 11:52

This is a recap of the stats for March 2020. Total is everything in the MLS.

As you can see by the numbers, listings are a very low in the total Arizona market! We are down to 1.76 months of supply or -29.7% less listings than last year, for all residential properties in the market.

Here are the March, 2020 Average price sold and % of increase by area. This number shows the appreciation over last year for the month of March. Notice that all cites are an increase.

Month of March Average Sales Price

  • Total $365.3 +10.6%
  • Scottsdale $644.4 +14.5%
  • Paradise Valley $1947.6 (16.3)%
  • Fountain Hills $504.7 (3.0)%
  • Cave Creek $615.0 +11.0%
  • Carefree $847.8.0 +41.0%%

Year to Date % Increase or Decrease (great to use with buyers or sellers)

  • Total +12.0%
  • Scottsdale +14.5%
  • Paradise Valley (2.5%)
  • Fountain Hills +13.7%
  • Cave Creek +17.1%
  • Carefree (12.56%)

Data provided by Valleywide Market Data and ARMLS.

-Jared