Phoenix Zip 85085 Residences Sold See 26% Increase

Through October 31, 2015, 85085 posted a total of 408 home sales year to date as the average closed sales price of $332,278 showed an advance of .4% from the same period last year. The overall number of sold residential listings in 85085 experienced a 25.9% advance over the same time range one year ago, which posted a volume of 324 sold residences, a year-to-year net gain of 84 completed sales. At 115 residential listings sold year to date, the 300,000-399,999 price bracket had one of the largest numbers of completed sales.

Houses For Sale Show 8% Gain. 85085 posted a total of 811 active for sale homes in 2015 through October. With 262 homes for sale, the 300,000-399,999 price bracket saw one of the largest numbers of units. Compared to this period one year ago, which recorded 748 for sale homes, 85085 experienced an 8.4% increase in the total number of active residential listings, showing a net advance of 63 homes. The average active list price year to date showed a fall of .2% compared to the same period last year, decreasing to $368,043. The cumulative days on market (CDOM) for active home listings in 85085 was 81 days through October, showing a 17.4% advance in comparison to this time range last year. Residential listings are requiring more market time this year on average.

Information provided by ARMLS and deemed accurate but not guaranteed; percentages rounded. To receive current local real estate info or to obtain a free no obligation evaluation of your current property, please call 85085 real estate specialist Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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