Adam Tarr PC's Phoenix area Real Estate Blog: July 2017

Friday, July 7, 2017

June Real Estate stats for Phoenix, AZ 85054

June 2017 saw a total of 26 homes sales in the 85054 Zip code of Northeast Phoenix. As of this writing there are 59 active listings and 12 under contract within 85054, so the inventory level is 2.27 months worth of supply based on the June sales. 85054 encompasses an area roughly bounded by Scottsdale Road, Jomax Rd, Tatum Blvd and the CAP Canal in Northeast Phoenix. Some of the main attractions and destinations in 85054 include Scottsdale 101 Shopping as well as Desert Ridge MarketPlace, High Street, Musical Instrument Museum, Horse Lovers Park, Reach 11 Sports Complex, Excelling Paradise Valley Unified School District schools and much more in the adjacent 85050 ZIP code. The junction of the Loop 101 and SR 51 lies just east and the Loop 101 runs through 85054 with access at 56th St., 64th St. and Tatum Blvd. 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 June sales: 26
Average Price Per foot: $205.36
Sale price as a percentage of list price: 98%
Average sale price: $382,018
Average Days on market: 72

This breaks down by type as follows:

Single Family Detached Homes
Sale:14
Average Price Per foot: $215.68
Sale price as a percentage of list price: 98%
Average sale price: $501,441
Average Days on market: 68

Condos and Townhomes:
Total sales :12
Average Price Per foot: $193.31
Sale price as a percentage of list price: 98%
Average sale price: $242,692
Average Days on market: 77

Data includes single family detached homes, town homes and condos. It does not include mobile or land.
Adam Tarr PC
Realty ONE Group
480-236-7374

June 2017 Real Estate Stats for Phoenix, AZ 85050

June 2017 saw a total of 76 home sales in the 85050 Zip code of Northeast Phoenix. As of this writing there are 132 active listings and 80 under contract within 85050, so the inventory levels are 1.74 month's worth of supply based on the June 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 June sales: 76

Average Price Per foot: $184.98
Sale price as a percentage of list price: 98%
Average sale price: $373,224
Average Days on market: 69

This breaks down by type as follows:

Single Family Detached Homes
Sales: 66

Average Price Per foot: $184.18

Sale price as a percentage of list price: 98%
Average sale price: $386,790
Average Days on market: 57

Condos and Townhomes:
Total sales 10
Average Price Per foot: $190.25
Sale price as a percentage of list price: 99%
Average sale price: $283,690
Average Days on market: 154

Prices for all properties ranged from $195,000 for a 3/2.5, 1372 sq ft town home to $850,000 for a 5/4.5, 5123 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.

It is rare that the months supply of inventory drops under 2 months. Summer typically slows down, so expect this to rise again due to that historic norm. Still, this is a strong indicator of continued strength and growth.
Adam Tarr PC
Realty ONE Group480-236-7374j

Thursday, July 6, 2017

Desert Ridge real estate update June 2017

June 2017 saw a total of 53home sales in the Desert Ridge area. As of this writing there are 134 active listings, This brings the inventory level to 2.53 months worth of supply based on the June sales. There are currently 58 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!

June Real Estate stats for Scottsdale AZ 85254

June 2017 saw a total of 105 home sales in the 85254 Zip code of Scottsdale. As of this writing there are 2240 active listings and 129 under contract within 85254, so the inventory levels are at 2.29 months worth of supply based on the June sales. 85254 encompasses an area roughly bounded by Shea Blvd on the south,Tatum Blvd on the west, Bell Rd and the CAP canal on the north and Scottsdale Road on the East in Scottsdale and NE Phoenix. Some of the main attractions and destinations in 85254 include Kierland Commons, Westin Kierland Resort, CrackerJax Family Fun Center, Orange Tree Resort, Excelling Paradise Valley Unified School District and Scottsdale School District schools and much more. 85254 has long been called the "magic zip code" in the real estate business for it's desirability. For more information on the area as well as available homes, please call me at 480-236-7374.

Total June sales: 105
Average Price Per foot: $214.97
Sale price as a percentage of list price: 97%
Average sale price: $489,590
Average Days on market: 71

This breaks down by type as follows:

Single Family Detached Homes
Sales: 85
Average Price Per foot: $202.17
Sale price as a percentage of list price: 98%
Average sale price: $520,986
Average Days on market: 77

Condos and Townhomes:
Total sales :20
Average Price Per foot: $269.35
Sale price as a percentage of list price: 97%
Average sale price: $356,160
Average Days on market: 49

Prices for all properties ranged from $136,000 for a 2/1.5, 992 sq. ft. town house to $1.895M for a 5/4, 5316 sq.ft. custom home.

Adam Tarr PC
Realty ONE Group
480-236-7374