Phoenix Zip 85027 Listed Home Prices Post 11% Uptick

Phoenix zip 85027 had a total of 662 actively listed homes so far in 2015 through October, and the 160,000-179,999 price range had one of the largest numbers of residences for sale at 125 units. Compared to the same reporting period a year ago, which saw 697 for sale homes, 85027 saw a 5% decline in the total inventory of active listings, a net fall of 35 homes. The area's average year-to-date active listed price posted a net increase of 11.0% compared to this period one year ago, reaching $176,985. Listed homes for sale are requiring less time on market to sell this year on average. Compared to the same time period a year ago, the cumulative days on market (CDOM) for actively listed homes in 85027 was 49 days, a fall of 9.3%.

Sold Home Prices Show 8% Uptick. By the end of October, 85027 showed 497 residences sold year to date. The average closed sales price of $166,286 posted an increase of 8.0% over the average price of $153,927 from this reporting period in 2014. The total number of sold listings in 85027 showed a 2.7% increase over the same period one year ago, which saw a volume of 484 properties sold, a year-over-year advance of 13 closed sales. The 160,000-179,999 price category showed one of the greatest numbers of closed sales this year with 94 completed purchases.

Sam Lawmaster is a 85027 real estate agent who specializes in residential listings. Statistics courtesy of ARMLS and deemed reliable but not guaranteed; percent changes rounded. To receive the most current local real estate information or to request a complimentary evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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