Hughes Acres Tempe AZ Reports 17.9% Gain in Homes For Sale Prices

The Hughes Acres development in Tempe, Arizona had a total of 42 actively listed homes in 2015 through the end of August. At 19 homes for sale the 250,000-299,999 price category saw one of the greatest numbers of units. When compared to the same time range during 2014, which had 40 properties for sale, Hughes Acres showed a 5% advance in the overall amount of active residential listings, a net advance of 2 units. The average active list price year to date of $254,439 rose 17.9% above the average listed price of $215,761 from this time period a year ago. The cumulative days on market for active homes for sale in Hughes Acres was 38 days through August, showing a 37.7% drop from the average compared to the same time period a year ago. Property listings are taking fewer days to sell this year on average.

Real Estate Prices Report 14.7% Rise. By the end of August 2015, Hughes Acres posted a total of 26 residential listings sold year to date as the average closed sales price of $238,879 rose 14.7% above the average closed price of $208,230 from this reporting period a year ago. Compared to this period in 2014, which showed 23 houses sold, Hughes Acres reported a 13% advance in total volume of sold listings, a year-over-year rise 3 closed transactions. The 200,000-249,999 price bracket saw one of the largest numbers of closed sales this year with 15 closed transactions.

Sam Lawmaster is a Tempe real estate agent specializing in residential listings. Statistics supplied by ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most current Hughes Acres real estate information or to obtain a free no obligation evaluation of your current property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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