Metro Phoenix School Performance Map
MAPS & FACTS™ UNLIMITED, INC. specializes in GIS (Geographic Information System) produced, architectural, driven, based, demographic, educational, and real estate maps to home buyers, brokers, developers, attorneys and lenders.
Map of the Month – April 2017
Projected House Prices
Maps & Facts has been
tracking the median price changes of our representative “benchmark” house; i.e.
built 1990 to 1999, $100,000 to $1 million, since 2001. (See March 2017 map).
As our March 2017
map shows from 2015 to 2016 our benchmark increased from $259,000 to $270,000;
an increase of 4.25% — still not back to our 2006 high of $302,000.
To see where the market may be
going, as shown, this month we mapped all benchmark MLS house listings by MLS grid. As of April 19,
the median list price was $409,900. While this number is a giant leap from
2016’s $270,000 median price, and not to be relied upon, it is due to major
differences between our recorded sales data base and the MLS’s data base. The
MLS data base includes a widely different mix of listing prices and Days on
Market than does the recorded sales data base. For example, of the 2,440 MLS
listings, 1,037 (42.5%) are listed above $450,000, and, have been on the market
100 days or longer.
A better guide is to examine each
grid and compare current medians with past sales in that grid. Together, it is
probable that prices for our benchmark houses will increase significantly this year!
To download map click here: Projected House Prices (PDF)