Glendale 85306 Reports 27.4% Rise in Home Prices

As of October 2015, 85306 saw a total of 296 residential listings sold year to date. The average price of $193,873 recorded a rise of 27.4% from the same reporting period a year ago. The overall volume of sold residential listings in 85306 saw a 10.9% rise compared to the same period during 2014, which posted a volume of 267 properties sold, a year-to-year rise of 29 completed transactions. The 200,000-249,999 price bracket had one of the highest numbers of sales this year with 60 completed purchases.

Homes For Sale Prices Record 11% Rise. 85306 recorded a total of 409 active residences for sale so far in 2015 through the month of October. At 95 houses for sale the 200,000-249,999 price bracket showed one of the greatest numbers of units. The overall amount of active listings in 85306 recorded an 8.7% drop when compared to this reporting period in 2014, which showed 448 homes for sale, a year-to-year decline of 39 properties. The area's average active listed price year to date of $198,575 saw a gain of 11% above the average listed price of $178,980 from this time range last year. Listed homes for sale are taking less time to sell this year on average. In comparison to this time range in 2014, the cumulative days on market (CDOM) for active residential listings in 85306 was 56 days, a reduction of 12.5%.

Info supplied by ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive the most current local real estate market info or to request a complimentary evaluation of your home, please call 85306 real estate listing specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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