How is the Real Estate Market in the East Valley? Have we hit bottom? What's the difference between the average sales price and the median sales price? What is the list to sales price ratio?
Below you'll find the sales figures for January and September 2011. The average sales price is the total sales price divided by the number of sales. The median price is the point where 50% sold above or below that number. The list to sales price ratio is the difference between the list and sold price.
MESA'S SALES DATA
January 2011 there were 650 homes sold, the average sales price was $129,992, the median price was $96,950, the price per square foot was $70 and the list to sales price ratio was 96%.
September 2011 there were 770 homes sold, the average was $117,261, the median was $101,250, the price per square foot was $66 and the list to sales ratio was 98%.
November 2011 there were 691 homes sold, the average was$126,634, the median was $105,430, the price per square foot was $70 and the list to sales ration was 97%.
This market is relatively flat with a 3% decline in average price and 9% gain in median. This indicates a stabilization in the market.
CHANDLER'S SALES DATA
January of 2011 314 homes sold, the average sales price was $175,719, the median price was $139,950, the price per square foot was $83, the list to sales ratio was 97%.
September 2011 there were 456 homes sold, the average sales price was $182,839, the median price was $157,494, the price per square foot was $88 and the list to sales ratio was 98%.
November 2011 there were 371 homes sold, the average sales price was $180,253, the median price was $153,228, the price per square foot was $88 and the list to sales ratio was 98%.
That's a 3% increase in the average sales price and a 9% increase in median price since January 2011. The price per square foot and list to sales ratio is stable. This indicates a definite stability in the market.
GILBERT'S SALES DATA
January of 2011 there were 351 homes sold, average sales price was $191,879, the median was $159,542, the price per square foot was $84 and the list to sales ratio of 97%.
September 2011 there were 458 homes sold, the average price was $190,073, the median was $168,688, the price per square foot was $85 and the list to sales ratio was 98%.
November 2011 there were 401 homes sold, the average price was $190.104, the median was $170,613, the price per square foot was $85 and the list to sales ratio was 98%.
This is a 1% increase in average sales price and a 7% increase in median price. The price per square foot and list to sales ratio is stable. This indicates a definite stabalization of the market.
- NUMBER1EXPERT 
