Phoenix Zip 85041 Reports 12% Rise in Residences Sold

Phoenix, Arizona zip code 85041 saw 688 residential listings sold year to date through October 2015. The average sales price of $163,437 showed a net rise of 8.7% from this period last year. The total number of sold residential listings in 85041 saw a 12.4% increase compared to the same period during 2014, which showed 612 sold homes, a net advance of 76 completed sales. Reporting 143 residential property sales year to date, the 140,000-159,999 price category had one of the largest numbers of completed sales transactions.

House Listing Prices Record 8.1% Rise. Through October 2015, 85041 saw 1,055 active properties for sale so far for the year. At 179 houses for sale, the 160,000-179,999 price bracket showed one of the largest numbers of properties listed. The overall number of active residential listings in 85041 recorded a 5.1% drop compared to the same reporting period a year ago, which showed 1,112 houses for sale, a year-to-year net reduction of 57 listings. The year-to-date average active listed price showed an increase of 8.1% compared to this time period in 2014, gaining to $183,565. The average days on market for active listings in 85041 was 67 days through the month of October. This is a 1.5% rise above the average compared to the same period in 2014. Residential listings are taking more time to sell this year on average.

Sam Lawmaster is a Phoenix real estate agent and market specialist. Info provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most recent 85041 real estate info 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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