Smith Farms Maricopa AZ Posts 31% Downturn in Active Properties For Sale

The Smith Farms community in Maricopa, AZ showed a total of 25 active property listings so far in 2015 through August. At 15 houses for sale, the 120,000-139,999 price bracket posted one of the greatest numbers of properties listed. The overall amount of active residential listings in Smith Farms recorded a 30.6% decrease when compared to this period during 2014, which saw 36 residences for sale, a year-over-year net decrease of 11 residential homes. The area's average active list price year to date showed a rise of 9.5% when compared to this reporting period a year ago, rising to $138,975. The cumulative days on market (CDOM) for active residential listings in Smith Farms was 90 days through August, showing a 1.1% rise in comparison to this time period last year. Properties for sale are requiring more days on market to sell this year on average.

Houses Sold Record 30% Drop. Through August 2015, Smith Farms posted 14 properties sold year to date. The average sales price of $140,550 rose 14.8% over the average closed price of $122,420 from the same period during 2014. In comparison to the same reporting period in 2014, which posted 20 sold homes, Smith Farms posted a 30% decline in overall volume of sold listings, a year-to-year drop 6 sales. At 9 house sales year to date, the 120,000-139,999 price category had one of the greatest numbers of completed transactions.

Stats provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most current Smith Farms real estate info or to request a free no obligation evaluation of your property, please call Maricopa Realtor Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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