July 2016 Real Estate stats for 85050 Phoenix

July 2016 Real Estate stats for 85050 Phoenix

July 2016 saw a total of 51 home sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 140 active listings and 78 under contract within 85050, so the inventory levels  are 2.75 month's worth of supply based on the July 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 July sales: 51

Average Price Per foot: $172.87
Sale price as a percentage of list price: 98%
Average sale price: $378,220
Average Days on market: 71

This breaks down by type as follows:

Single Family Detached Homes
Sales: 41

Average Price Per foot: $171.49

Sale price as a percentage of list price: 98%
Average sale price: $394,677
Average Days on market: 61

Condos and Townhomes:
Total sales 10
Average Price Per foot: $178.52
Sale price as a percentage of list price: 97%
Average sale price: $310,749
Average Days on market: 111

Prices for all properties ranged from $174,000 for a 2/2 1090 sf single family detached home to $792,000 for a 5/4, 4640 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.  Sales were steady and prices continued to rise in the overall 85050 market, and specifically in condo and townhome segment this month.  

Adam Tarr PC
Citywide Real Estate
480-236-7374