Mountain Canyon Phoenix AZ Sees 114% Increase in Residences Sold

The Mountain Canyon neighborhood in Phoenix showed 15 residential listings sold year to date as of August 31, 2015. The average closed sales price of $137,437 increased 5.0% from this time period in 2014. When compared to the same time period last year, which showed 7 sold properties, Mountain Canyon posted a 114.3% rise in total amount of sold listings, a year-to-year increase 8 sales. At 8 homes sold year to date, the 160,000-179,999 price range recorded one of the largest numbers of completed sales transactions.

Property Listings Record 100% Gain. As of August 31, 2015, Mountain Canyon saw a total of 26 actively listed houses for sale so far for the year. At 13 homes for sale, the 160,000-179,999 price range recorded one of the highest numbers of properties listed. The total number of active residential listings in Mountain Canyon reported a 100% gain from the same period one year ago, which showed 13 residences for sale, a year-to-year net rise of 13 properties. The year-to-date average active list price recorded a net decrease of 6.5% from the same time range last year, declining to $137,794. The cumulative days on market (CDOM) for actively listed properties in Mountain Canyon was 58 days through August 31, which is a 87.1% advance above the average compared to the same time range a year ago. Listed properties are requiring more market time this year on average.

Sam Lawmaster is a Phoenix REALTOR and listing specialist. Info courtesy of ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive current Mountain Canyon real estate info or to obtain a free no obligation evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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