Phoenix Zip 85024 Records 13% Rise in Residential Sales

Phoenix, AZ zip code 85024 showed a total of 475 homes sold year to date through October 31, 2015, and the average closed sales price of $243,763 posted a rise of 4.9% from this period last year. In comparison to the same period a year ago, which had 422 homes sold, 85024 reported a 12.6% increase in total amount of sold residential listings, a year-to-year net gain 53 completed transactions. The 250,000-299,999 price bracket showed one of the highest numbers of closed sales this year with 105 closed transactions.

Houses For Sale Report 8% Drop. As of October 31, 2015, 85024 reported a total of 665 actively listed homes so far for the year, and the 250,000-299,999 price range posted one of the highest numbers of homes for sale at 149 listings. When compared to the same reporting period in 2014, which had 720 residences for sale, 85024 posted a 7.6% decrease in the total active listings inventory, a year-to-year fall of 55 homes. The average year-to-date active list price showed a net increase of 4.7% from this time period a year ago, increasing to $266,268. Listed homes for sale are requiring less market time this year on average. In comparison to this reporting period a year ago, the cumulative days on market for active homes for sale in 85024 was 59 days, a drop of 6.4%.

Sam Lawmaster is a 85024 REALTOR and listing specialist. Statistics 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 no obligation evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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