Phoenix Zip 85021 Sees 18.2% Upturn in Active House Listing Prices

By the end of October 2015, Phoenix zip code 85021 has seen 593 active home listings year to date. The 400,000-499,999 price range saw one of the greatest numbers of homes for sale with 81 properties. The overall inventory of active listings in 85021 had a 1.2% fall over the same time range one year ago, which showed 600 for sale homes, a year-over-year decline of 7 listings. The area's average active list price year to date of $348,003 saw an increase of 18.2% over the average list price of $294,549 from this period one year ago. The cumulative days on market for actively listed for sale homes in 85021 was 70 days through October. This is a 9.1% decline below the average compared to the same period in 2014. Properties for sale are requiring less market time this year on average.

Home Prices See 13.1% Increase. 85021 saw a total of 342 residential listings sold year to date through October 2015 as the average sales price of $294,757 recorded a rise of 13.1% from this time range during 2014. When compared to the same time period in 2014, which recorded 331 sold homes, 85021 had a 3.3% advance in total number of sold residential listings, showing a net advance 11 closed sales transactions. Reporting 40 residential property sales year to date, the 400,000-499,999 price range showed one of the largest numbers of closed 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 complimentary evaluation of your current property, please call 85021 REALTOR Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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