Cabrillo Canyon Phoenix AZ Sees 71% Upturn in Properties Sold

Through August 31, 2015, the Cabrillo Canyon neighborhood in Phoenix saw 12 property sales year to date. The average closed sales price of $529,742 showed a rise of 3.8% from the same period one year ago. The overall volume of sold listings in Cabrillo Canyon posted a 71.4% advance from the same period one year ago, which showed a volume of 7 sold homes, a year-over-year net increase of 5 sales. The 550,000-749,999 price category recorded one of the greatest numbers of homes sales this year at 5 closed transactions.

Properties For Sale Show 25% Downtick. Cabrillo Canyon has seen 18 active homes for sale in 2015 through August 31. With 7 houses for sale, the 550,000-749,999 price category showed one of the greatest numbers of properties listed. When compared to the same period a year ago, which had 24 residences for sale, Cabrillo Canyon reported a 25% reduction in the overall number of active listings, a year-over-year drop of 6. The area's average year-to-date active listed price recorded a net reduction of 2.8% when compared to the same time range in 2014, dropping to $542,844. Listed for sale homes appear to be taking less days to sell this year on average. Compared to the same time range one year ago, the cumulative days on market for active home listings for sale in Cabrillo Canyon was 89 days, a fall of 4.3%.

Sam Lawmaster is a Phoenix real estate agent specializing in residential listings. Statistics provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive current Cabrillo Canyon real estate info or to request a complimentary evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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