Smith Farms Maricopa AZ Sees 36% Downturn in Property Sales

The Smith Farms subdivision in Maricopa, Arizona posted 16 residential properties sold year to date through October 2015. The average sales price of $136,981 rose 10.4% over the average closed price of $124,096 from this time range in 2014. Compared to the same time period during 2014, which showed 25 homes sold, Smith Farms saw a 36% fall in total amount of sold listings, a net reduction 9 closed sales transactions. The 120,000-139,999 price bracket reported one of the highest numbers of sales this year at 10 closed transactions.

Homes For Sale Drop 29%. By the end of October 2015, Smith Farms recorded 29 actively listed houses for sale year to date. Reporting 17 houses for sale the 120,000-139,999 price category recorded one of the largest numbers of properties listed. When compared to this time period last year, which showed 41 houses for sale, Smith Farms experienced a 29.3% drop in the overall amount of active listings, a year-to-year fall of 12 residential properties. The average year-to-date active listed price posted a net rise of 5.8% when compared to this period one year ago, coming in at $139,247. The cumulative days on market for active home listings in Smith Farms was 82 days through October 31, showing a .0% change when compared to this time range in 2014. Houses for sale are staying on the market the same amount of time.

Market statistics supplied by ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most recent Smith Farms real estate info or to request a complimentary evaluation of your current property, please call Maricopa real estate listing agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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