February 2016 Market Statistics – Single Family Homes – Maricopa AZ

*Annual Median Appreciation = 7.5% (Cromford Report)

*Buyer’s market – Buyers are being selective and are looking for the best price with the most upgrades.

*Average List Price: $176,926;  Average Sold Price: $172,204;   average home size = 2,111 sq ft;  average price per sq. ft = $85.15

*For buyers and sellers to come to an agreement on a purchase price, sellers are giving up, on average, 98% of their list price. Note, this does not include any other seller concessions i.e. Seller contribution to the Buyer’s closing costs.

*Average Days on Market before an acceptable offer is received = 90 days.

About Farhat and Associates Real Estate

Professional - Our early careers were in Accounting, Property Management, and Technology fields. Both Aziz and I found our passion for real estate as we started in the industry as Investors. Since 2004, we have devoted ourselves to this business on a full-time basis and have sold 100s of homes for our clients. Personal - Our passions are our family, our dogs, outdoor activities, reading, photography, golfing, and discovering new foods/restaurants.
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