Phoenix 85015 Posts 16% Drop in Listed Homes

As of October, Phoenix zip 85015 showed a total of 575 active properties for sale during 2015. With 77 houses for sale, the 160,000-179,999 price bracket reported one of the highest numbers of properties. When compared to the same period a year ago, which posted 682 residences for sale, 85015 showed a 15.7% decline in the total inventory of active residential listings, a year-to-year fall of 107 homes. The year-to-date average active list price of $157,406 posted an increase of 10.2% over the average price of $142,784 from this reporting period a year ago. The cumulative days on market (CDOM) for active properties for sale in 85015 was 62 days through October, which is an 11.4% decline below the average compared to the same time range one year ago. Residential listings are taking fewer days to sell this year on average.

Home Prices Increase 11.2%. 85015 reported a total of 367 residential home sales year to date through October 2015. The average sales price of $150,386 rose 11.2% above the average price of $135,280 from the same reporting period last year. The total number of sold listings in 85015 posted a 6.4% drop compared to the same reporting period during 2014, which reported a volume of 392 sold homes, a year-over-year reduction of 25 closed sales. The 140,000-159,999 price category had one of the highest numbers of completed sales this year with 48 closed transactions.

Info provided by ARMLS and deemed reliable but not guaranteed; percentages rounded. To receive the most current local real estate market info or to request a free evaluation of your property, please call 85015 Realtor Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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