Phoenix 85006 Gains 21.6% in Sold Home Prices

Through the end of October 2015, 85006 has seen 215 residential property sales year to date. The average closed sales price of $191,577 saw an increase of 21.6% above the average price of $157,495 from this time period during 2014. Compared to the same time range one year ago, which showed 205 homes sold, 85006 showed a 4.9% increase in total volume of sold residential listings, a year-to-year gain 10 closed sales transactions. Reporting 45 residential listings sold year to date, the 200,000-249,999 price category saw one of the greatest numbers of closed sales.

Listing Prices See 21.5% Upturn. 85006 showed a total of 341 active residences for sale so far in 2015 through the month of October, and the 200,000-249,999 price range reported one of the highest numbers of homes for sale with 61 listings. When compared to this reporting period last year, which posted 332 for sale properties, 85006 showed a 2.7% rise in the total active residential listings inventory, showing a net gain of 9 units. The area's average active listed price year to date of $203,744 recorded a gain of 21.5% over the average list price of $167,753 from the same period last year. The cumulative days on market for active property listings in 85006 was 60 days through the month of October. This is a 1.7% gain when compared to this time range last year. Residential listings appear to be taking more time to sell this year on average.

Sam Lawmaster is a 85006 real estate agent specializing in residential listings. Stats courtesy of ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most recent local real estate info or to request a complimentary evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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