Phoenix 85022 Listed Home Prices Post 8.6% Uptick

Through the month of October 2015, Phoenix, Arizona zip code 85022 saw a total of 1,081 active home listings year to date, and the 300,000-399,999 price range saw one of the highest numbers of houses for sale at 187 units listed. Compared to this period during 2014, which reported 1,086 for sale homes, 85022 showed a 0.5% decrease in the total number of active listings, a net reduction of 5 residential properties. The area's average year-to-date active listed price posted a net rise of 8.6% compared to the same time period one year ago, coming in at $266,038. Properties for sale appear to be taking more time to sell this year on average. In comparison to this time range a year ago, the cumulative days on market (CDOM) for active for sale properties in 85022 was 69 days, a rise of 3.0%.

Sold Home Prices Post 8% Gain. 85022 saw 673 residential listings sold year to date through October 31, 2015 as the average sales price of $233,706 posted an increase of 8.0% from this time range in 2014. Compared to the same reporting period during 2014, which reported 639 sold properties, 85022 reported a 5.3% gain in total number of sold residential listings, a net rise 34 closed sales. The 300,000-399,999 price range posted one of the greatest numbers of completed sales this year at 109 closed transactions.

Stats provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. To receive current local real estate information or to request a complimentary evaluation of your current home, please call 85022 real estate specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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