Desert Foothills Villas Phoenix AZ Increases 19% in Property Prices

The Desert Foothills Villas neighborhood in Phoenix AZ reported a total of 10 homes sold year to date as of August 2015 as the average closed sales price of $139,530 saw an increase of 18.9% over the average closed price of $117,345 from the same time period in 2014. Compared to the same time period a year ago, which showed 11 sold properties, Desert Foothills Villas reported a 9.1% decline in overall number of sold listings, showing a net drop 1 completed sale. The 160,000-179,999 price range reported one of the greatest numbers of property sales this year at 6 completed purchases.

Listing Prices Report 18% Rise. Through August 31, 2015, Desert Foothills Villas saw 17 actively listed houses for sale during this year, and the 160,000-179,999 price range recorded one of the highest numbers of houses for sale with 6. In comparison to the same reporting period during 2014, which recorded 17 for sale properties, Desert Foothills Villas posted a 0% change in the total number of active listings. The area's average year-to-date active listed price gained 18.3% when compared to this period a year ago, reaching $140,153. The cumulative days on market for active for sale homes in Desert Foothills Villas was 66 days through August, showing a 50.0% rise compared to the same time period in 2014. Homes for sale are on the market longer this year on average.

Sam Lawmaster is a Phoenix REALTOR specializing in residential listings. Market data supplied by ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most current Desert Foothills Villas real estate market info or to obtain a free evaluation of your current property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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