The Housing Market Snapshot for 85207, in Mesa Arizona, reveals that there are 494 active homes on the market.  The average sales price of homes that sold from March 1, 2009 to April 27, 2009 declined $187,805 to $244,110 compared to the same period last year.  This reflects a decline in the price per square foot of $158 in 2008 to $101 in 2009.  The number of home sales increased by 18 to 103 compared to the March ‘08 – April 27, 2008 snapshot.   The table below presents an overall snapshot for all single-family detached homes in the 85207 zip code area.

With the average pending home sale price increasing over the closed sales price, the month of May should see a slight increase in the overall sales price.  Also, with fewer Jumbo loans available and stringent qualification criteria in place, the average price of homes closed is skewed as compared with the previous year when jumbo loans were still available because more homes are selling under $400k than over the amount.  Stay tuned for the May snapshot update for the community of Las Sendas and the 85207 zip code.