San Tan Valley AZ Houses Sold Record 13% Rise

Through the month of October 2015, San Tan Valley, Arizona posted a total of 1,814 house sales year to date as the average closed sales price of $182,404 saw an increase of 8.3% above the average price of $168,464 from the same reporting period one year ago. The overall number of sold residential listings in San Tan Valley recorded a 12.5% advance when compared to this period during 2014, which had a volume of 1,612 property sales, a year-to-year increase of 202 sales. The 140,000-159,999 price category posted one of the highest numbers of sales this year with 388 completed transactions.

Homes For Sale Prices See 9.1% Increase. San Tan Valley had a total of 2,962 active houses for sale in 2015 through the end of October. With 594 homes for sale the 160,000-179,999 price category reported one of the highest numbers of units. The total active residential listings inventory in San Tan Valley reported a 1.1% drop from the same reporting period in 2014, which showed 2,995 residences for sale, a year-over-year net drop of 33 units. The average active list price year to date of $199,809 posted an increase of 9.1% over the average price of $183,173 from this reporting period a year ago. The average days on market for active properties for sale in San Tan Valley was 71 days through the month of October. This is a 6.6% drop from the average compared to the same reporting period last year. Houses for sale are requiring less time on market to sell this year on average.

Sam Lawmaster is a San Tan Valley REALTOR and listing specialist. Info supplied by ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most current local real estate market info or to request a free evaluation of your current property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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