JON MIRMELLI REAL ESTATE GROUP
MARKET UPDATE
September 2026
JUST LISTED - UPGRADED & IMMACULATELY CARED FOR
1741 W Thunderhill Dr, Phoenix, Az 85045 - 5bd/2.5ba + Pool + 3-Car Garage + 3,024 Sq Ft FOR SALE $749,500
E GROU AT
Jon Mirmelli 602.300.1900
JM
AL ES T RE
PRESENTED BY
JON M MELLI IR
P
2024
#28
REALTOR IN AZ
2026 2026 2026 2026 2026 2026 2026 August August 28, August 2026 28, August August 2026 28,August 28, 2026 28, 2026 August 2026 28, 2026 28, 2026
Available inventory holds steady with less August sales closings that prior month.
RankRankRank Rank August Rank Rank August 27, Rank August 2026 27, August 2026 August 27,August 27, 2026 27, 2026 August 2026 27, CMI2026 CMI Now 27, 2026 Now CMICMI Now CMI Now CMI NowNow CMI Chg Now Chg ChgChg CMI ChgCMI Last ChgLast Month CMI Chg CMI Month Last CMI Last Month CMI Last Month Last CMI Month Month Last Mo
1
1
▲ 212.1 ▲ 212.1 ▲ ▲25% ▲ 25% ▲ 25% ▲ Paradise 1 1Paradise 1 Paradise Valley 1 Paradise Valley Paradise 1 Paradise Valley Valley Paradise Valley Valley 212.1 Valley 212.1212.1 212.1 212.1 25% 25%25% 170.2 170.2 25%170.2 170.2 170.2 170.2170.2
2
2
▲ 192.3 ▲ 192.3 ▲ ▲11% ▲ 11% ▲ 11% ▲ 11% 11%11% 173.1 173.1 11%173.1 173.1 173.1 173.1173.1 Hills 2 Fountain Fountain Hills192.3192.3 192.3 Fountain 2 2Fountain 2 Fountain Hills 2 Fountain Fountain Hills Hills HillsHills192.3 192.3
3
3
▲ 153.5 ▲ 153.5 ▲ ▲ 6% ▲ 6% ▲6% 144.3 6%▲6% 6% 144.3 6% 144.3 144.3 144.3 144.3144.3 3 Scottsdale Scottsdale 153.5153.5 153.5 Scottsdale 3 3Scottsdale 3 Scottsdale 3 Scottsdale Scottsdale 153.5 153.5
4
4
▲ 139.5 ▲ 139.5 ▲ ▲ 3% ▲ 3% ▲3% 136.0 3%▲3% 3% 136.0 3% 136.0 136.0 136.0 136.0136.0 4 Chandler Chandler139.5 139.5139.5 139.5 Chandler 4 4Chandler 4 Chandler 4 Chandler Chandler 139.5
5
5
▲ 127.4 ▲ 127.4 ▲ ▲ 2% ▲ 2% ▲2% 124.6 2%▲2% 2% 124.6 2% 124.6 124.6 124.6 124.6124.6 Creek 5 Creek Cave Creek 127.4127.4 127.4 Cave 5 5Cave Creek 5 Cave 5 Cave Creek Cave Cave Creek Creek 127.4 127.4
6
6
6 MesaMesa Mesa 6 6Mesa 6 Mesa 6 Mesa Mesa
▲ 117.8 ▲ 117.8 ▲ ▲ 1% ▲ 1% ▲1% 116.8 1%▲1% 1% 116.8 1% 116.8 116.8 116.8 116.8116.8 117.8117.8 117.8 117.8 117.8
▼ 117.2 ▼ 117.2 ▼ ▼ -5% ▼ -5% ▼ -5%▼-5% -5%123.1 -5% 123.1 -5% 123.1 123.1 123.1 123.1123.1 7 Phoenix Phoenix 117.2 117.2117.2 117.2 7 7 soon Phoenix 7 7Phoenix 7 Phoenix 7 Phoenix Phoenix 117.2 As of 8/31, there were 17,695 active and coming
-9% -9% -9%-9%-9%123.5 -9% 123.5 -9% 123.5 123.5 123.5 123.5123.5 8 Glendale Glendale112.4 112.4112.4 112.4 8 8 Glendale 8 8Glendale 8 Glendale 8 Glendale Glendale 112.4 112.4112.4 listings in our MLS system within Maricopa County, ▼
9
9
▼
▼ ▼ ▼ ▼
▼
▲ 110.4 ▲ 110.4 ▲ ▲ 4% ▲ 4% ▲4% 106.6 4%▲4% 4% 106.6 4% 106.6 106.6 106.6 106.6106.6 9 Gilbert Gilbert 110.4 110.4110.4 110.4 Gilbert 9 9Gilbert 9 Gilbert 9 Gilbert Gilbert 110.4
virtually unchanged from the prior month. Homes under
▲ 104.5 ▲ 104.5 ▲ ▲ 2% ▲ 2% ▲2% 102.2 2%▲2% 2% 102.2 2% 102.2 102.2 102.2 102.2102.2 Avondale 10 Avondale104.5 104.5104.5 104.5 10 10 Avondale 10 10 10 Avondale 10Avondale Avondale Avondale 104.5
contract had a 1% uptick to 5,531 and closed sales for
Tempe 11 Tempe 11 11 Tempe 11 11 11 Tempe 11Tempe Tempe Tempe
▼ ▼ ▼ ▼ -2% ▼ -2% ▼ -2%▼-2% -2%-2% 92.992.9 -2% 92.9 92.9 92.992.9 92.9 91.3 91.3 91.391.3 91.3 91.391.3
Peoria 12 Peoria 12 12 Peoria 12 12 12 Peoria 12Peoria Peoria Peoria
▼ ▼ ▼ ▼ -8% ▼ -8% ▼ -8%▼-8% -8%-8% 98.198.1 -8% 98.1 98.1 98.198.1 98.1 90.7 90.7 90.790.7 90.7 90.790.7
August came down approximately 14% with 3,971
closings. See updated Cromford Market Index summary ▲ ▲ ▲ ▲ 4% ▲ 4% ▲4% 4% 4%▲4% 77.377.3 4% 77.3 77.3 77.377.3 77.3 Goodyear 13 Goodyear80.680.6 80.6 80.6 80.6 13 13 Goodyear 13 13 13 Goodyear 13Goodyear Goodyear Goodyear 80.680.6
as of 8/28 for our largest 18 markets in Metro –14 Surprise ▼ ▼ ▼ ▼ -2% ▼ -2% ▼ -2%▼-2% -2%-2% 78.378.3 -2% 78.3 78.3 78.378.3 78.3 14 Surprise Surprise 14 Surprise 77.077.0 77.0 77.0 77.0 14 Phoenix 14 14 14Surprise Surprise Surprise 77.077.0 ▼ ▼ ▼ ▼ -3% ▼ -3% ▼ -3%▼-3% -3%-3% 58.958.9 -3% 58.9 58.9 58.958.9 58.9 15 San San Valley 15 San Tan Valley 57.1 57.1 15 market 15 15 Tan 15Tan Valley San 15San Tan San Tan Valley San Tan Valley Tan Valley Valley 57.157.1 57.1 57.157.1 where a reading over 100 indicates a Seller’s and ▼ ▼ ▼ ▼ -7% ▼ -7% ▼ -7%▼-7% -7%-7% 58.058.0 -7% 58.0 58.0 58.058.0 58.0 16 Maricopa Maricopa 16 Maricopa54.054.0 54.0 54.0 54.0 16 strongest 16 16 16 Maricopa 16Maricopa Maricopa Maricopa 54.054.0 below 100 technically a Buyer’s market. The ▲ ▲ ▲ ▲ 4% ▲ 4% ▲4% 4% 4%▲4% 50.250.2 4% 50.2 50.2 50.250.2 50.2 Queen 17 Queen Creek 52.1 52.1 17 17 Queen 17 17 17 Creek Queen 17Creek Queen Queen Creek Queen Creek Creek Creek 52.152.1 52.1 52.152.1 markets holding strong are our top luxury markets and
▼ ▼ ▼ ▼ -6% ▼ -6% ▼ -6%▼-6% -6%-6% 54.254.2 -6% 54.2 54.2 54.254.2 54.2 Buckeye 18 Buckeye 51.051.0 51.0 51.0 51.0 18 18 Buckeye 18 18 18 Buckeye 18Buckeye Buckeye Buckeye 51.051.0
submarkets surrounded by top employers and schools. -- --
-- -- -- --
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Interest rates hold steady with little change to the 10 YR Treasury at 4.75% Maricopa Maricopa Maricopa County Maricopa County Maricopa Court County Maricopa Court County Appointed Maricopa County Court Appointed County Court Appointed Court Real County Appointed Court Real Estate Appointed Court Appointed Estate Real Commissioner Real Estate Appointed Real Commissioner Estate Real Estate Commissioner Commissioner Estate Real Commissioner Estate Commissioner Commissioner
The average 30 year mortgage rate holds steady at 6.66% asNewsletter ofNewsletter August 28th. With not too much new to report, it will August August 2026 August August 2026 August Newsletter 2026 August Newsletter 2026 August 2026 Newsletter 2026 with with 2026 Newsletter Featured with Featured Newsletter with Featured with Listings, Featured with Featured Listings, with Featured Listings, Sales Listings, Featured Sales Listings, and Listings, Sales and Updated Sales Listings, Sales and Updated and Sales Updated and Market Sales Updated and Market Updated and Updated Market Stats Market Updated Stats Market Stats Market Stats Market Stats StatsStats be interesting to see how the market is impacted in the next few months with the financial markets looking for reduced conflict with Iran and also the upcoming mid-term elections bringing short-term uncertainty.
Please call on us if you would like to schedule a meeting to review the market values for your real estate holdings or upcoming purchase goals. We have some great upcoming listings getting ready to market and also have targeted buyer needs throughout Maricopa County. Thank you for your continued business and referrals.
Best regards, Jon Mirmelli & Rebecca Ponte
7/01/26 – 7/31/26
VS. AUG 2026 8/01/26 – 8/31/26
Jon Mirmelli Real Estate Group
AVERAGE SOLD PRICE
CAVE CREEK/CAREFREE`
AVERAGE SALE/ LIST PRICE
AVERAGE $/SQFT
AVERAGE DOM
85331
44
34
$1,052,039
$1,082,304
98%
97%
$370.85
$384.56
85
92
85266 85262 85255 85254 85260 85259 85258 85250 85251 85257
14 53 73 69 42 30 46 32 55 37
19 29 59 60 44 20 38 26 55 35
$1,528,763 $1,924,045 $2,062,970 $1,190,458 $851,997 $1,574,417 $1,021,434 $675,159 $1,032,550 $566,724
$1,736,868 $2,078,781 $2,043,364 $1,263,104 $1,104,853 $1,343,625 $1,034,151 $646,208 $871,776 $615,260
101% 93% 95% 97% 96% 97% 97% 97% 98% 96%
97% 94% 97% 97% 96% 96% 96% 98% 95% 96%
$417.75 $484.54 $547.87 $456.55 $408.31 $476.45 $460.05 $398.26 $445.42 $356.51
$459.14 $570.56 $555.93 $467.38 $429.04 $415.38 $470.89 $371.06 $448.93 $379.40
116 163 109 83 79 136 78 77 97 95
123 192 97 92 79 71 84 84 143 85
85268
32
44
$828,894
$1,016,223
97%
97%
$358.67
$391.93
86
84
85253
31
30
$6,492,501
$4,041,564
94%
95%
$982.76
$860.42
137
126
85028 85016 85018 85050 85054
20 35 48 41 14
17 24 29 27 12
$908,300 $776,980 $1,299,995 $923,410 $978,921
$813,546 $802,121 $1,502,466 $688,530 $925,087
99% 96% 96% 97% 97%
98% 97% 98% 98% 98%
$381.48 $383.28 $482.35 $339.41 $417.01
$385.87 $405.77 $534.67 $335.40 $442.52
48 128 93 81 90
53 84 102 72 95
SCOTTSDALE
HOMES RECENTLY SOLD
JUL 2026
# OF CLOSED LISTINGS
JM
PRESENTED BY
AL ES T RE
ZIP
CLOSED
E GROU AT
MARKET WATCH
JON M MELLI IR
P
FOUNTAIN HILLS PARADISE VALLEY
PHOENIX/ARCADIA/BILTMORE
ZIP CODE MAP
34
SCOTTSDALE
29
19
homes closed
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27
homes closed
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59
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17
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homes closed
The properties on this list have been listed/sold by various members of the MLS. If your home is currently listed, this is not a solicitation for that listing. Data reported is based upon sales information provided by the MLS as of August 31, 2026. Data deemed to be reliable but not guaranteed. Each office is independently owned and operated.
LISTED
MARKET
WATCH
PRESENTED BY
Jon Mirmelli Real Estate Group
Jon Mirmelli Real Estate Group - Active, Pending, Closed
Need help selling your existing home or looking to buy? Please call Jon today! Referrals always appreciated. ACTIVE
Phoenix 1741 W THUNDERHILL DR • PHOENIX, AZ 85045 5 Beds | 2.5 Baths | 3,024 SF | $749,500 SOLD
SOLD
Scottsdale
Phoenix
7933 E BAKER DR SCOTTSDALE, AZ 85266 5 Beds | 6 Baths | 6,689 SF $3,437,000
1831 E PALMAIRE AVE PHOENIX, AZ 85020 5 Beds | 6 Baths | 5,186 SF $2,455,555 SOLD
SOLD
Scottsdale 7492 E WOODSAGE LN SCOTTSDALE, AZ 85258 4 Beds | 3 Baths | 2,656 SF $1,075,000
16037 E RIDGESTONE DRIVE FOUNTAIN HILLS, AZ 85268 4 Beds | 4.5 Baths | 3,424 SF $1,900,000 ACTIVE
Scottsdale 10354 E RAINTREE DR SCOTTSDALE, AZ 85255 4 Beds | 3 Baths | 2,132 SF $895,000
9289 E BLANCHE DR SCOTTSDALE, AZ 85260 4 Beds | 3 Baths | 2,394 SF $865,000
P
JON M
JM
AL ES T RE
Rebecca Ponte | 602.390.7096
Scottsdale
MELLI IR
Jon Mirmelli Real Estate Group If your home is currently listed, this is not a solicitation for that listing.
Fountain Hills
E GROU AT
SOLD
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