Phoenix 85003 Residences Sold See 33% Uptick

Phoenix zip code 85003 posted 101 property sales year to date as of October 31, 2015. The average closed sales price of $317,101 recorded a decrease of 1.3% from the same reporting period one year ago. Compared to this time range a year ago, which showed 76 homes sold, 85003 saw a 32.9% advance in total amount of sold residential listings, a year-over-year advance 25 sales. The 300,000-399,999 price bracket reported one of the largest numbers of completed sales this year with 35 closed transactions.

Homes For Sale See 32% Uptick. Through October 2015, 85003 reported 234 actively listed homes for sale year to date, and the 300,000-399,999 price range reported one of the largest numbers of homes for sale at 70 units listed. In comparison to the same time range last year, which reported 177 houses for sale, 85003 posted a 32.2% rise in the overall active listings inventory, a net rise of 57 residential properties. The area's average active list price year to date of $416,294 posted a reduction of 3.9% from the average listed price of $433,022 from the same period during 2014. Listed homes are on the market less time this year on average. In comparison to this time period a year ago, the cumulative days on market (CDOM) for actively listed houses for sale in 85003 was 73 days, a reduction of 22.3%.

Sam Lawmaster is a 85003 real estate agent who specializes in residential listings. Info courtesy of ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive the most current local real estate info 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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