Phoenix 85050 Gains 16% in Properties Sold

Through October, 85050 has seen a total of 639 houses sold year to date. The average closed sales price of $331,401 saw a gain of 2.7% above the average price of $322,779 from this period last year. In comparison to the same time period one year ago, which recorded 549 sold homes, 85050 had a 16.4% gain in total number of sold listings, showing a net gain 90 completed sales. The 250,000-299,999 price range recorded one of the largest numbers of completed sales this year at 146 completed purchases.

Houses For Sale Prices Report 4.6% Rise. 85050 recorded a total of 995 active for sale properties so far in 2015 through October 31. The 300,000-399,999 price category reported one of the highest numbers of homes for sale with 225 properties. The total inventory of active listings in 85050 showed a 4.4% increase over the same period last year, which showed 953 houses for sale, a net rise of 42 residential homes. The area's average year-to-date active listed price posted a net gain of 4.6% in comparison to the same period last year, coming in at $361,470. Property listings are on the market longer this year on average. Compared to the same period in 2014, the cumulative days on market (CDOM) for active for sale properties in 85050 was 71 days, a gain of 6.0%.

Sam Lawmaster is a 85050 real estate listing specialist. Information provided by ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most current local real estate market info or to obtain a free no obligation evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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