Read our Phoenix real estate report.The Arizona real estate market continued to turn in a strong performance in April, and Scottsdale and Phoenix real estate followed state-wide trends on the whole. The median sold price of a home in Arizona was $222,000 in April, up 8.88% from last year and 3.26% from the month before. The average sold price was also up in April, with a 1.82% rise from last year and 1.46% increase from March. For all of Arizona, there were 8,246 home sales in April, which is up 0.18% from 2015 but down 1.77% from the previous month.

The average sold price of Phoenix real estate rose to $252,043 a jump of 4.81% from 2015 and a modest rise of 0.28% from March of 2016. The median sold price was $207,000, which represents an increase of 8.95% from last year and 0.98% from the previous month. There were a total of 1,935 homes old in Phoenix in April. This was down 0.92% from April 2015 and 3.54% from March 2016.

Scottsdale Property Sees Increase in Sales and Prices

Scottsdale property saw 783 closed sales in April 2016, an increase of 3.16% from last year and 1.82% from March 2016. The median sold price in Scottsdale was $399,000, which was up 2.31% from 2015 but down 1.72% from March 2016. The average sold price was $499,024. This was down 7% from last year and 1.24% from last month.

Mortgage rates are down across the country, so now is a good time to consider buying a home in Arizona. Contact our office to discuss your house-hunting goals.