Marlborough Park Tempe AZ Posts 17% Decrease in Residential Sales

By the end of August 2015, the Marlborough Park community in Tempe, AZ has seen 10 house sales year to date as the average closed sales price of $258,600 decreased 2.2% from the average closed price of $264,473 from the same period one year ago. Compared to the same period last year, which saw 12 properties sold, Marlborough Park reported a 16.7% decrease in overall volume of sold listings, showing a net drop 2 sales. Reporting 4 residential homes sold year to date, the 200,000-249,999 price category recorded one of the largest numbers of completed sales.

Properties For Sale Gain 9%. Marlborough Park has seen 25 active home listings so far in 2015 through the end of August. Reporting 13 houses for sale, the 300,000-399,999 price category had one of the largest numbers of units. When compared to this time period last year, which showed 23 houses for sale, Marlborough Park experienced an 8.7% improvement in the overall active listings inventory, a year-to-year net advance of 2. The average active list price year to date of $305,780 showed a gain of 7% above the average price of $285,861 from the same time range in 2014. The cumulative days on market (CDOM) for active residences for sale in Marlborough Park was 63 days through August 31, a 24.1% drop compared to the same time range one year ago. Properties for sale are staying on the market less days this year on average.

Market statistics courtesy of ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most current Marlborough Park real estate information or to request a free no obligation evaluation of your property, please call Tempe Realtor Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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