Real Estate Market Update | Metro Phoenix | 2022 vs 2021

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Metro Phoenix

Average Sales Price: 2021 – $821,495 vs 2022 – $939,524 = 14% increase
Average Days On Market: 2021 – 37 vs 2022 – 40 = 8% increase
Average Sale Price Per Square Foot: 2021 – $303 vs 2022 – $382 = 26% increase
Sale to List Price Ratio: 2021 – 99.53% vs 2022 – 98.63% = 1% decrease
Number of Sold Listings: 2021 – 9102 vs 2022 – 6545 = 28% decrease
Months Supply of Inventory: 2021 – 1.19 vs 2022 – 1.48 = 25% increase
Mortgage Rate: 2021 – 3.27% vs 2022 – 6.74% = 106% increase

Top 10 Sales

$21,000,000 6015 E Cameldale Way, Paradise Valley
$14,995,000 6578 N Bella Vita Dr #21, Paradise Valley
$14,500,000 6480 E Arroyo Verde Dr, Paradise Valley
$14,000,000 5575 N Casa Blanca Dr, Paradise Valley
$13,700,000 6480 E E Arroyo Verde Dr, Paradise Valley
$13,500,000 6453 E Luke, Paradise Valley
$12,500,000 6121 N Nauni Valley Dr, Paradise Valley
$12,500,000 6000 E Cameldale Way, Paradise Valley
$12,000,000 6149 E Indian Bend Rd, Paradise Valley
$12,000,000 6101 E Caballo Ln, Paradise Valley

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