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 Queen Creek and the San Tan Valley. 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.
QUEEN CREEK'S SALES DATA
January 2011 there were 129 homes sold, average sales price was $158,683, the median price was $128,000, the price per square foot was $62 and the list to sales ratio was 98%.
September 2011 there were 124 homes sold, average sales price was $163,493, the median price was $143,450, the price per square foot was $68 and the list to sales ratio was 99%.
November 2011 there were 107 homes sold, average sales price was $158,074, the median was $135,000, the price per square foot was $67 and the list to sales ratio was 98%.
The average sale price was virtually the same but there was a 5% increase in the median price.
SAN TAN VALLEY'S SALES DATA
January 2011 there were 204 homes sold, average sales price was $94,067, the median price was $90,000, the price per square foot was $48 and the list to sales price was 97%.
September 2011 there were 209 homes sold, the average sales price was $100,389, the median price was $94,750, the price per square foot was $50 and the list to sales ratio was 99%.
November 2011 there were 220 homes sold, the average sales price was $105,739, the median price was $97,500, the average price per square foot was $54 and the list to sales ratio was 99%.
This market has definetly seen stabilization and appreciation since January 2011. There was a 12% increase in the average sale price, a 8% increase in the median price, a 13% increase in the price per square foot and a 2% increase in the list to sales ratio
- NUMBER1EXPERT 
