Phoenix Zip 85009 Reports 22.7% Gain in Active Property Listing Prices

As of October 31, 2015, Phoenix, Arizona zip code 85009 showed 382 actively listed for sale houses this year. Reporting 63 homes for sale the 100,000-119,999 price bracket saw one of the highest numbers of properties. When compared to this reporting period a year ago, which showed 413 homes for sale, 85009 had a 7.5% reduction in the overall active residential listings inventory, a net reduction of 31. The average active list price year to date of $101,700 saw an increase of 22.7% over the average listed price of $82,874 from this reporting period a year ago. Property listings are on the market longer this year on average. In comparison to this time range in 2014, the cumulative days on market for active property listings in 85009 was 52 days, an advance of 2.0%.

Sold Home Prices Show 16.6% Gain. 85009 has seen a total of 226 residential property sales year to date through October 31, 2015, and the average closed sales price of $94,221 showed a gain of 16.6% above the average price of $80,781 from the same reporting period in 2014. When compared to the same time period a year ago, which reported 220 sold properties, 85009 showed a 2.7% advance in total volume of sold residential listings, a year-to-year net gain 6 closed sales transactions. The 100,000-119,999 price category posted one of the largest numbers of homes sales this year at 45 completed transactions.

Sam Lawmaster is a 85009 real estate listing specialist. Statistics courtesy of ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive current local real estate information or to request a free evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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