By the end of August, the Foothills Reserve neighborhood in Phoenix AZ posted a total of 34 properties sold year to date. The average closed sales price of $329,606 showed a gain of 2.3% over the average closed price of $322,113 from this reporting period a year ago. The total amount of sold listings in Foothills Reserve showed a 126.7% increase from the same time range last year, which saw a volume of 15 homes sold, a net increase of 19 completed transactions. Reporting 13 residential property sales year to date, the 250,000-299,999 price range showed one of the greatest numbers of sales.

Properties For Sale Increase 77%. Foothills Reserve showed a total of 69 actively listed for sale homes so far in 2015 through August, and the 300,000-399,999 price range showed one of the highest numbers of homes for sale at 21 units listed. The total inventory of active residential listings in Foothills Reserve reported a 76.9% rise over the same time range a year ago, which had 39 residences for sale, a year-to-year rise of 30. The average active listed price year to date recorded a gain of 8.3% when compared to the same reporting period during 2014, increasing to $368,094. The cumulative days on market (CDOM) for active property listings in Foothills Reserve was 114 days through August 31, showing an 8.8% fall in comparison to this period last year. Home listings are staying on the market less days this year on average.

Sam Lawmaster is a Phoenix REALTOR and listing specialist. Stats provided by ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most recent Foothills Reserve real estate information or to obtain a free no obligation evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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