Foothills Gateway Phoenix AZ Shows 44% Uptick in Residences Sold

The Foothills Gateway community in Phoenix reported 13 house sales year to date as of August 2015, and the average closed sales price of $253,804 was an increase of 4.3% over the average price of $243,311 from this period one year ago. Compared to the same reporting period during 2014, which showed 9 homes sold, Foothills Gateway reported a 44.4% rise in overall volume of sold residential listings, a year-over-year increase 4 closed sales transactions. Reporting 7 residential home sales year to date, the 200,000-249,999 price category had one of the greatest numbers of completed sales.

For Sale Home Prices See 7% Uptick. As of August 31, 2015, Foothills Gateway recorded a total of 14 active residential listings during this year. Reporting 8 residences for sale, the 200,000-249,999 price category had one of the greatest numbers of listings. When compared to this period during 2014, which posted 15 houses for sale, Foothills Gateway saw a 6.7% fall in the total active listings inventory, showing a net decline of 1 home. The area's average active list price year to date increased 6.8% from the same time range in 2014, reaching $258,950. Listed homes appear to be taking less days to sell this year on average. Compared to the same time period last year, the cumulative days on market (CDOM) for active homes for sale in Foothills Gateway was 40 days, a decrease of 33.3%.

Data provided by ARMLS and deemed accurate but not guaranteed; percentages rounded. For the most recent Foothills Gateway real estate market info or to request a complimentary evaluation of your current property, please call Phoenix REALTOR Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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