Snapshot Real Estate Market Report for Mesa, Arizona

MESA continues with its long-standing reputation of being one of the most desirable communities in greater Phoenix!

January 2009

• 326 single family homes were purchased in Mesa - compared to 190 in January 2008.

• The average price paid was $169,466 - compared to $283,257 in January 2008.

• The median price came in at $139,950 - compared to $220,000 in January 2008.

• The ratio of purchase price to list price was 95% - compared to 96% in January 2008.

• 122 of the homes (37%) were bank owned.

• The average time on the market was 84 days - compared with 100 days in January 2008.

• There were 4,240 Active single family listings in January 2009 - compared to 4,363 in January 2008.

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Homes in Mesa, Arizona

Photo by Miguel Folch