Phoenix 85008 Houses For Sale Prices Report 13.6% Rise

Phoenix zip code 85008 saw a total of 515 active homes for sale in 2015 through October. The 200,000-249,999 price range saw one of the highest numbers of residences for sale at 68 properties. When compared to the same period last year, which posted 584 homes for sale, 85008 experienced an 11.8% fall in the total inventory of active listings, a net decline of 69 units. The year-to-date average active list price showed an advance of 13.6% from the same time period a year ago, advancing to $170,544. The cumulative days on market (CDOM) for active properties for sale in 85008 was 60 days through the end of October, which is an 11.8% drop from the average compared to the same reporting period last year. Home listings are staying on the market less days this year on average.

Sold Home Prices Record 8.3% Gain. Through October 2015, 85008 saw a total of 329 homes sold year to date as the average sales price of $154,694 showed a net rise of 8.3% from the same reporting period in 2014. When compared to this time period in 2014, which had 321 houses sold, 85008 showed a 2.5% gain in total amount of sold listings, showing a net rise 8 completed sales. The 120,000-139,999 price range showed one of the greatest numbers of homes sales this year at 39 completed purchases.

Stats provided by ARMLS and deemed accurate but not guaranteed; percentages rounded. To receive current local real estate information or to request a free no obligation evaluation of your current property, please call 85008 real estate listing agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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