Estate La Colina Tempe AZ Property Sales See 157% Gain

Through August, the Estate La Colina subdivision in Tempe saw a total of 18 residential property sales year to date as the average sales price of $389,470 recorded an increase of 6.3% above the average price of $366,333 from this time period a year ago. The overall number of sold residential listings in Estate La Colina reported a 157.1% gain compared to the same time range in 2014, which saw 7 houses sold, a year-over-year gain of 11 closed transactions. The 300,000-399,999 price range showed one of the highest numbers of homes sales this year with 11 closed transactions.

For Sale Homes See 19% Rise. Estate La Colina posted 19 actively listed properties so far in 2015 through the end of August, and the 400,000-499,999 price range FALSEhouses for sale at 10 listings. Compared to this time period during 2014, which recorded 16 homes for sale, Estate La Colina reported an 18.8% improvement in the overall number of active residential listings, a net increase of 3. The area's average year-to-date active list price of $410,616 gained 4.5% over the average listed price of $392,928 from this reporting period last year. The cumulative days on market (CDOM) for actively listed for sale homes in Estate La Colina was 92 days through the end of August, which is a 43.8% advance above the average compared to the same time range last year. Listed for sale homes are taking longer to sell this year on average.

Sam Lawmaster is a Tempe real estate listing specialist. Information provided by ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most current Estate La Colina real estate market 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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