December 2015 Real Estate Stats, Phoenix, AZ 85050

December 2015 Real Estate Stats, Phoenix, AZ 85050

December 2015 saw a total of 57 home sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 129 active listings and 64 under contract within 85050, so the inventory levels  are 2.26 month's worth of supply based on the December sales.  85050 encompasses an area roughly bounded by Union Hills Drive, Cave Creek Road, Jomax Road and Tatum Boulevard in Northeast Phoenix.   Some of the main attractions and destinations in 85050 include Desert Ridge MarketPlace, Musical Instrument Museum, Horse Lovers Park, Reach 11 Sports Complex, Excelling Paradise Valley Unified School District schools and much more.  The  junction of the Loop 101 and SR 51 lies in the midst of 85050 for easy access to all parts of the valley.  For more information on the area as well as available homes, please  call me at 480-236-7374. 
Total December sales: 57

Average Price Per foot: $168.16
Sale price as a percentage of list price: 98%
Average sale price: $348,325
Average Days on market: 78

This breaks down by type as follows:

Single Family Detached Homes
Sale: 55

Average Price Per foot: $168.26

Sale price as a percentage of list price: 98%
Average sale price: $351,819
Average Days on market: 80
Condos and Townhomes:
Total sales 2
Average Price Per foot: $165.47
Sale price as a percentage of list price: 99%
Average sale price: $252,250
Average Days on market: 19

Prices for all properties ranged from $200K for a 3/2.5 1269sf single family home to $779,000 for a for a 3/3.5, 3549 sq.ft. single family home in Aviano at Desert Ridge.  Data includes single family, town home and condos.  Data does not include land or mobile.

Adam Tarr PC
Citywide Real Estate
480-236-7374 

Desert Ridge December 2015 market stats

Desert Ridge December 2015 market stats

December 2015 saw a total of 39 home sales in the Desert Ridge area.  As of this writing there are 138 active listings, This brings the  inventory level to 3.54 months worth of supply based on the December sales.   There are currently 43 properties under contract.   Desert Ridge is a wonderful master planned community in Northeast Phoenix.  Desert Ridge is ideally situated close to the junction of the Loop 101 and SR 51 for easy access to all parts of the valley.  Desert Ridge boasts award winning schools, fabulous shopping and dining and wonderful neighborhoods.  For more info on Desert Ridge Homes, check out Desert Ridge or call me at 480-236-7374. Find out about the Desert Ridge Lifestyle now!

 

Total November sales: 39
Average Price Per foot: $187.65
Sale price as a percentage of list price: 97%
Average sale price: $398,499
Median sale price: $395,000
Average Days on market: 77

This breaks down by type as follows:

Single Family Detached Homes
Sale: 29
Average Price Per foot: $186.21
Sale price as a percentage of list price: 97%
Average sale price: $439,660

Median sale price: $425,000
Average Days on market: 79

Condos and Townhomes:
Total sales : 10
Average Price Per foot: $191.82
Sale price as a percentage of list price: 97%
Average sale price: $279,130
Median sale price: $247,500
Average Days on market:69

The month's supply of inventory returned to a normal range after a November blip due to low sales possibly because of TRID delays.  Pricing edged down, but overall trends and stats indicate this too will be a small blip.  Pricing is expected to remain stable with positive pressure.

 

Adam Tarr PC
Citywide Real Estate
Phoenix AZ