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Phoenix Real Estate Market Update – August 2025

Phoenix Real Estate Market Updates

August 11, 2025•2 min read

"In Phoenix, real estate moves as fast as the summer heat — blink and you might miss your dream home." – Stephanie Watkins

Introduction:

The Phoenix real estate market continues to shift in 2025 as rising interest rates, evolving buyer preferences, and limited inventory create new opportunities — and challenges — for both buyers and sellers. Whether you’re a first-time homebuyer, seasoned investor, or considering selling your property, staying updated on the latest market trends is key to making informed decisions.

In this August 2025 market update, we’ll break down current home prices, inventory levels, mortgage rate trends, and expert tips for navigating today’s Phoenix housing market.

1. Current Home Prices in Phoenix

As of August 2025, the median home price in Phoenix is $472,000, reflecting a 3.2% year-over-year increase.

Single-family homes: $495,000 median
Condos/townhomes: $355,000 median
Luxury properties (above $1M): Steady demand in Scottsdale, Paradise Valley, and Arcadia

Why it matters: Despite higher mortgage rates, home values remain strong due to continued migration to Arizona, limited new construction, and high demand from remote workers relocating for the cost of living and climate.

2. Inventory & Days on Market

Inventory remains tight, with just over 1.9 months of supply — still a seller’s market.

Homes are selling 16% faster compared to this time last year.
Well-priced homes in desirable neighborhoods are receiving multiple offers within the first week.

Pro Tip for Sellers: Staging your home and pricing strategically is more important than ever to stand out in this competitive environment.

3. Mortgage Rate Update

Mortgage rates are averaging 6.65% for a 30-year fixed loan in Phoenix this month — slightly down from the 6.78% average in July.

Adjustable-rate mortgages (ARMs) are becoming more popular as buyers seek lower initial payments.
First-time buyer programs are seeing an uptick in applications.

Pro Tip for Buyers: Consider locking in rates now before potential fall increases, especially if the Federal Reserve signals further adjustments.

4. Hottest Neighborhoods in August 2025

Arcadia Lite: Perfect blend of urban amenities and suburban charm.
Gilbert: Highly rated schools and family-friendly communities.
Downtown Phoenix: New developments attracting young professionals.
North Scottsdale: Luxury living with golf course access and mountain views.

5. Expert Advice for Buyers & Sellers

For Buyers:

Get pre-approved before house hunting.
Be prepared to act quickly — desirable homes are moving fast.
Consider expanding your search radius for better deals.

For Sellers:

Leverage professional photography and virtual tours.
Address small repairs before listing.
Work with an agent who understands local micro-markets.

6. Conclusion

The Phoenix real estate market in August 2025 remains competitive but full of opportunity for informed buyers and sellers. With the right strategy — and guidance from a knowledgeable real estate professional — you can navigate the current landscape successfully.

If you’d like a free, personalized home value estimate or list of available properties, contact Stephanie Watkins today to get started.

Stephanie Watkins

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Trusted brand. Local expertise. More ways to win your move.
Serving buyers and sellers across the Phoenix East Valley with the backing of Coldwell Banker Realty’s century‑long reputation and modern marketing power.

Why the Brand Behind Your Agent Matters

Working with a full‑service brokerage gives you reach, resources, and reliability that solo agents can’t easily match. Coldwell Banker Realty adds:

Heritage & trust – A brand founded in 1906 with a long track record of ethical practice and consumer trust.

Global network – Connections to a nationwide and international referral network to attract qualified buyers and help you relocate with confidence.

Marketing engine – Professional photography, property websites, targeted digital exposure, print options, and coordinated social promotion designed to put your home everywhere it needs to be.

Technology & data – Modern tools for pricing insights, market monitoring, e‑signature, and real‑time updates so you always know what’s happening next.

Relocation support – Corporate and individual relocation solutions to make long‑distance moves easier.

Education & ethics – Continuous training and a strong ethics culture so your transaction is handled the right way.

Local presence – Neighborhood knowledge across Chandler, Gilbert, Queen Creek, Mesa, Ahwatukee, and surrounding areas.

For Home Sellers

What you get when we list your home:

Price strategy consultation – We review comparable sales, micro‑trends, and timing so we enter the market with confidence.

Prep & presentation – Guidance on staging, repairs, and curb appeal to maximize first impressions.

Premium marketing – Pro photos, compelling copy, online syndication, and targeted campaigns to reach the right buyers.

Showing management – Streamlined scheduling, feedback tracking, and active communication.

Offer negotiation – Skilled negotiation to protect your bottom line and timeline.

Contract‑to‑close – Inspection coordination, appraisal support, and milestone checklists through closing day.

Luxury listing? Ask about enhanced exposure through Coldwell Banker’s renowned luxury marketing program for qualifying properties.

For Home Buyers

A smoother path to the right home:

Strategy session – Clarify must‑haves, neighborhoods, schools, and commute needs.

Early alerts – Real‑time property notifications so you never miss a match.

Touring made easy – Private showings and virtual tours on your schedule.

Offer game plan – Pricing intel and terms strategy to compete with confidence.

Trusted partners – Lender, inspector, title, and contractor introductions.

After‑closing help – Move‑in checklists and homeowner resources.

What This Means for You

More eyes on your listing → stronger interest and better offers.

Better intel for decisions → less stress and fewer surprises.

A proven process → clear steps from consultation to closing.

FAQs

Is Coldwell Banker Realty a franchise or corporate office?
Coldwell Banker operates through a network of company‑owned and independently owned offices. Regardless of structure, you benefit from a recognized brand and shared marketing systems.

Can I work with you if I’m relocating out of state?
Yes. We can coordinate with trusted partner agents in your destination city to keep the process seamless.

Do you handle luxury properties?
Absolutely. For qualifying listings we can activate elevated marketing through the brand’s luxury program.

I’m a first‑time buyer—do you work at that price point?
Yes. We serve all experience levels and price ranges.

Each office is independently owned and operated, where applicable. Coldwell Banker® and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. Equal Housing Opportunity. This page is presented by an independent sales associate affiliated with Coldwell Banker Realty.

Stephanie Watkins, REALTOR®

Proudly serving Chandler, Gilbert, Mesa, Queen Creek, Scottsdale, Tempe, Queen Creek, San Tan Valley, Apache Junction. Big on trust. I'd love to get you moving.

Equal Housing Opportunity.

Information is deemed reliable but not guaranteed. All measurements, square footage, and property conditions should be independently verified by the buyer. No financial or legal advice is provided.