The Lakes Real Estate - Tempe Market Snapshot
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The Lakes Real Estate - Tempe Market Overview
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The Lakes All Property Types Market Highlights
As of Nov 9, 2025, the residential real estate market in The Lakes shows notable trends in inventory and pricing dynamics.
- Currently, the number of active listings has grown to 16, which is a rise from 13 just three months ago.
- The average list price of these active properties increased to $626,238, reflecting a robust upward movement compared to the $547,069 average from three months prior.
- Additionally, the average Days on Market (DOM) stands at 74 days, indicating a slower pace than the previous 46 days.
- The market showcases 4.8 months of inventory, suggesting a balanced market condition.
An In-Depth Look at the The Lakes All Property Types Market
The residential real estate market in The Lakes, as of Nov 9, 2025, offers deeper insights into its current trends compared to the past several months.
Active Listings: The market has seen an increase in active listings, growing from 13 to 16 in the last three months. This shift indicates a strengthened supply, aligning with the rising buyer interest in the region. Historically, the number was lower six months ago, at just 5 active listings, showing substantial growth now.
Pricing Trends: The average list price surged to $626,238, which is up from $547,069 three months ago and $628,400 six months ago. The variations in list price align with shifts in market demand; even as active listings rise, sellers are pricing properties competitively based on recent sales trends.
Days on Market (DOM): The current average DOM is 74 days, reflecting an extended timeframe for properties to sell compared to 46 days three months ago. This trend may illustrate increasing buyer caution, as they assess options more carefully, ultimately contributing to slower sales.
Months of Inventory: With inventory now at 4.8 months, the market reflects a degree of balance, neither favoring buyers nor sellers dramatically. In comparison, months of inventory three months ago was lower, indicating a more competitive environment then.
Interestingly, as the inventory has increased, the local economic factors such as interest rates and buyer sentiment play pivotal roles in shaping market dynamics. The increase in both listings and days on market signals a potential softening of buyer intensity, although prices remain relatively stable, suggesting seller confidence.
In summary, the residential market in The Lakes is currently characterized by increased active listings and average Days on Market while maintaining steady pricing. This presents a strategic environment for both buyers looking for options and sellers aiming to navigate pricing carefully. Potential strategies for sellers might include investing in property enhancements to maintain competitive edge in a balanced market.
Info About The Lakes
Why People Love Living in The Lakes
The Lakes is one of Tempe’s most desirable neighborhoods, offering residents a unique blend of waterfront living and urban convenience. This master-planned community is centered around a series of beautiful man-made lakes that provide stunning water views and a resort-like atmosphere right in the heart of the Valley.
Residents are drawn to The Lakes for its exceptional quality of life. The neighborhood features scenic walking and biking paths that wind around the lakes, creating perfect opportunities for morning jogs, evening strolls, or family bike rides. The community’s well-maintained parks and green spaces offer playgrounds, picnic areas, and plenty of room for outdoor recreation.
Families particularly appreciate The Lakes for its highly-rated schools within the Tempe Elementary School District and Tempe Union High School District. The neighborhood’s proximity to Arizona State University also creates a vibrant, education-focused atmosphere while providing access to cultural events, sports, and community programs.
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The Lakes community was primarily developed in the 1990s and early 2000s, with approximately 1,500 to 2,000 homes throughout the neighborhood. The housing options range from townhomes and condos to single-family residences, many featuring lake views, private boat docks, and contemporary Southwestern architecture.
What truly sets The Lakes apart is its unbeatable location. Residents enjoy easy access to Tempe Marketplace for shopping and dining, quick connections to Loop 101 and US 60 for commuting, and are just minutes from Tempe Town Lake, Old Town Scottsdale, and Phoenix Sky Harbor International Airport. The combination of waterfront tranquility and urban accessibility makes The Lakes a rare find in the Phoenix metro area.
The community also hosts seasonal events and maintains an active homeowners association that preserves the neighborhood’s beautiful landscaping and lake amenities, fostering a strong sense of community among residents.
Brian Adamski, Realtor
Deep Knowledge of The Lakes | Trusted Real Estate Consultant
480-405-1265
