Appreciation Numbers AZ

 The affidavit data for Maricopa County is now available and shows us the following:

The total number of closed transactions was 11,205. This is up 4.7% from July 2019 and the highest monthly total since May 2018. The median sales price was $325,000, up 13.6% from $286,000 a year ago.

For new homes, the transaction count was 1,662. This is up 22.9% from July 2019. The median sales price was $363,511, up 2.1% from $356,001 a year ago.

For resale transactions, the count was 9,543. This is up 2.1% from July 2019. The median sales price was $317,000, up 14.4% from $277,000 a year ago.

The sales volume went some way towards compensating for the lack of sales during April and May.

Sales prices look very strong, partly because the luxury market came roaring back after taking a big break during April and May.

All these numbers are for Maricopa County only, and include single-family and condo / townhouse properties.

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That highlighted statement above 'Sales prices look very strong, partly because the luxury market came roaring back after taking a big break during April and May' - begs the question as to how the annual appreciation breaks out by price range.

This is what it looks like today:

One of my pet subjects to rail against is the mis-use of the statistical broad brush e.g. when my client may have heard that appreciation is 'x', making you a little crazy, as their particular area of interest e.g. their home's subdivision, is probably quite different. 

While it's a problem when client's conflate stats, it's also an opportunity for us to offer the expertise, our resources to help them make more intelligent decisions.

An example of a resource I can use - is the proprietary Intelligence Report from the Collateral Analytics subscription that will nail the last 2 year-over-year summary stats down to the subdivision.

For example, here's the Intelligence Report for Grayhawk (master planned community in N. Scottsdale):