Phoenix Zip 85033 Property Prices Rise 21%

By the end of October, 85033 had a total of 458 properties sold year to date. The average closed sales price of $114,434 was an increase of 21.0% above the average price of $94,569 from this period a year ago. The total number of sold listings in 85033 saw an 18.3% gain from the same period one year ago, which showed a volume of 387 property sales, a year-to-year advance of 71 completed sales. The 120,000-139,999 price category recorded one of the highest numbers of homes sales this year at 136 completed purchases.

For Sale Home Prices Report 18% Gain. 85033 showed 674 active homes for sale during 2015 through October 31, and the 120,000-139,999 price category posted one of the largest numbers of homes for sale with 222 properties listed. When compared to this period during 2014, which posted 692 homes for sale, 85033 posted a 2.6% decrease in the total active residential listings inventory, a year-to-year decrease of 18 residential properties. The average active list price year to date of $118,034 recorded a gain of 18% above the average listed price of $100,036 from the same time period in 2014. The cumulative days on market (CDOM) for active home listings in 85033 was 52 days through October. This is a 20.0% drop in comparison to this reporting period during 2014. Residential listings appear to be taking less days to sell this year on average.

Sam Lawmaster is a 85033 REALTOR who specializes in residential listings. Stats provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most current local real estate information or to request a free evaluation of your property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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