Phoenix 85003 Residential Sales See 42% Uptick

Phoenix Arizona zip 85003 saw a total of 88 residential listings sold year to date through August 31, 2015. The average closed sales price of $318,383 showed a gain of 1.0% over the average price of $315,179 from this time period a year ago. In comparison to the same time period a year ago, which showed 62 houses sold, 85003 showed a 41.9% advance in overall amount of sold listings, a net gain 26 completed transactions. The 300,000-399,999 price bracket recorded one of the largest numbers of homes sales this year at 31 closed transactions.

Houses For Sale Report 38% Gain. As of August 31, 2015, 85003 had a total of 199 active for sale homes year to date. Reporting 60 houses for sale the 300,000-399,999 price bracket recorded one of the greatest numbers of listings. When compared to this period last year, which posted 144 houses for sale, 85003 saw a 38.2% rise in the total inventory of active residential listings, a net rise of 55 properties. The area's average year-to-date active listed price recorded a net gain of 13.5% in comparison to the same reporting period in 2014, gaining to $431,786. The cumulative days on market (CDOM) for actively listed homes for sale in 85003 was 76 days through August 31, showing a 13.6% reduction from the average when compared to this period one year ago. Listed houses for sale are taking less time to sell this year on average.

Sam Lawmaster is a 85003 real estate agent and market specialist. Stats provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive the most current local real estate information or to obtain a free evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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