Phoenix Zip 85016 House Listing Prices Record 11.5% Rise

Phoenix Arizona zip 85016 saw 1,223 actively listed properties in 2015 through October. With 178 homes for sale the 300,000-399,999 price range posted one of the highest numbers of units listed. The overall number of active listings in 85016 recorded a 6.3% gain over the same reporting period a year ago, which posted 1,151 properties for sale, a year-to-year advance of 72 residential homes. The area's average year-to-date active listed price posted a net advance of 11.5% from this time period during 2014, reaching $504,176. Listed for sale homes are staying on the maket less days this year on average. Compared to the same period last year, the cumulative days on market (CDOM) for actively listed for sale houses in 85016 was 72 days, a decline of 13.3%.

Houses Sold Increase 10%. Through the end of October 2015, 85016 reported 634 property sales year to date, and the average sales price of $355,900 showed an increase of 7.5% from the same time period one year ago. The overall amount of sold residential listings in 85016 recorded a 10.1% rise compared to the same time range one year ago, which saw a volume of 576 homes sold, a year-to-year net increase of 58 completed sales transactions. Reporting 90 residential homes sold year to date, the 300,000-399,999 price category posted one of the highest numbers of completed sales transactions.

Info courtesy of ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most current local real estate information or to request a free no obligation evaluation of your current property, please call 85016 real estate specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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