Phoenix Zip 85004 Houses Sold See 15% Decrease

Phoenix Arizona zip 85004 posted a total of 86 residences sold year to date through October 2015 as the average sales price of $276,612 posted an increase of 14.1% from the same period in 2014. The total volume of sold residential listings in 85004 showed a 14.9% decrease from the same time period one year ago, which showed 101 sold residences, a net drop of 15 closed sales. The 200,000-249,999 price bracket saw one of the largest numbers of completed sales this year with 28 completed transactions.

Home Listing Prices Increase 14.8%. Through October 31, 2015, 85004 showed 178 active home listings during this year. At 40 homes for sale the 300,000-399,999 price bracket reported one of the highest numbers of listings. In comparison to the same time period one year ago, which had 181 for sale homes, 85004 posted a 1.7% drop in the overall inventory of active listings, a year-over-year fall of 3 homes. The average year-to-date active listed price advanced 14.8% when compared to the same reporting period one year ago, increasing to $327,144. Properties for sale are requiring more market time this year on average. When compared to this period last year, the cumulative days on market for actively listed houses for sale in 85004 was 146 days, a gain of 39.1%.

Stats courtesy of ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most recent local real estate information or to request a free evaluation of your property, please call 85004 REALTOR Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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