Arizona March 2020 Stats

[Jared Smith]

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