Phoenix Zip 85020 Shows 14% Uptick in Residential Sales

Phoenix Arizona zip 85020 saw 606 homes sold year to date through the month of October 2015 as the average closed sales price of $251,323 was an increase of 1.3% above the average closed price of $248,014 from this time period during 2014. When compared to the same time period one year ago, which saw 534 properties sold, 85020 experienced a 13.5% rise in overall number of sold listings, a net increase 72 closed sales. Reporting 72 residential property sales year to date, the 120,000-139,999 price range posted one of the largest numbers of closed transactions.

Homes For Sale Prices Post 3.9% Gain. By the end of October 2015, 85020 posted 1,027 active residential listings year to date. Reporting 121 residences for sale the 300,000-399,999 price category posted one of the greatest numbers of properties listed. When compared to the same period during 2014, which showed 994 residences for sale, 85020 reported a 3.3% improvement in the total active residential listings inventory, a year-over-year net gain of 33. The area's average year-to-date active list price showed an advance of 3.9% compared to this reporting period last year, advancing to $295,636. The cumulative days on market (CDOM) for active home listings in 85020 was 71 days through the month of October, which is a 2.7% fall from the average compared to the same period a year ago. Houses for sale require less time to sell this year on average.

Stats provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most recent local real estate information or to request a free evaluation of your property, please call 85020 real estate specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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