Phoenix Zip 85018 Property Sales Show 21% Uptick

Through October, Phoenix AZ zip 85018 posted 728 residential home sales year to date as the average closed sales price of $538,082 recorded an increase of 9.2% from the same time period during 2014. The overall volume of sold residential listings in 85018 saw a 20.5% increase from the same time range in 2014, which saw a volume of 604 properties sold, a net advance of 124 closed sales. With 120 property sales year to date, the 300,000-399,999 price bracket reported one of the greatest numbers of closed sales.

Property Listing Prices Post 8.4% Uptick. 85018 had a total of 1,370 actively listed for sale houses during 2015 through October. The 550,000-749,999 price category reported one of the greatest numbers of residences for sale with 216 properties listed. When compared to the same time range one year ago, which reported 1,266 for sale homes, 85018 had an 8.2% advance in the overall inventory of active listings, a year-over-year net gain of 104 properties. The area's average active list price year to date of $712,978 rose 8.4% above the average list price of $657,959 from the same period in 2014. The average days on market for active for sale properties in 85018 was 88 days through the end of October, showing an 11.4% gain from the average in comparison to this time period last year. Home listings are requiring more days on market to sell this year on average.

Sam Lawmaster is a Phoenix REALTOR who specializes in residential listings. Information courtesy of ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive the most current 85018 real estate info or to request a free no obligation evaluation of your home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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