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