Phoenix 85035 Reports 16.4% Rise in House Prices

As of October 31, 2015, 85035 posted a total of 283 house sales year to date, and the average sales price of $119,015 posted an increase of 16.4% above the average price of $102,229 from the same period one year ago. In comparison to the same reporting period a year ago, which saw 268 houses sold, 85035 showed a 5.6% gain in overall number of sold listings, a net increase 15 closed sales. The 120,000-139,999 price bracket had one of the greatest numbers of homes sales this year with 100 completed purchases.

Houses For Sale Prices See 15.1% Uptick. 85035 showed a total of 419 active home listings for sale so far in 2015 through the month of October, and the 120,000-139,999 price range had one of the greatest numbers of houses for sale with 148 properties. When compared to the same time period last year, which had 446 houses for sale, 85035 posted a 6.1% drop in the total active listings inventory, a year-over-year decline of 27. The area's year-to-date average active listed price showed an increase of 15.1% when compared to the same reporting period one year ago, rising to $123,745. The cumulative days on market (CDOM) for actively listed homes for sale in 85035 was 52 days through October 31, a 14.8% decline in comparison to this period in 2014. Houses for sale are staying on the market less days this year on average.

Stats provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. To receive the most current local real estate information or to obtain a complimentary evaluation of your property, please call 85035 real estate agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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