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

Desert Ridge, Phoenix, AZ Real estate stats November 2015

November 2015 saw a total of 18 home sales in the Desert Ridge area. As of this writing there are 146 active listings, This brings the inventory level to 8.11 months worth of supply based on the November sales. There are currently 45 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: 18 Average Price Per foot: $190.49 Sale price as a percentage of list price: 96% Average sale price: $429,789 Median sale price: $407,500 Average Days on market: 91 This breaks down by type as follows: Single Family Detached Homes Sale: 9 Average Price Per foot: $185.17 Sale price as a percentage of list price: 97% Average sale price: $571,000 Median sale price: $550,000 Average Days on market: 114 Condos and Townhomes: Total sales : 9 Average Price Per foot: $195.81 Sale price as a percentage of list price: 95% Average sale price: $288,578 Median sale price: $281,500 Average Days on market:69 The months supply of inventory shot up in November, but it is not a major concern. Two factors contribute to this change. It is common to see a decline in sales this time of year and the new TRID requirements, which were implemented in the beginning of October were expected to impact closing times in the short run as the industry and consumers adjust to new timelines. Adam Tarr PC Citywide Real Estate Phoenix AZ

November 2015 Real Estate stats for Phoenix, AZ 85050

November 2015 saw a total of 36 home sales in the 85050 Zip code of Northeast Phoenix. As of this writing there are 137 active listings and 66 under contract within 85050, so the inventory levels are 3.8 month's worth of supply based on the November 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 November sales: 36 Average Price Per foot: $161.45 Sale price as a percentage of list price: 97% Average sale price: $318,724 Average Days on market: 70 This breaks down by type as follows: Single Family Detached Homes Sale: 31 Average Price Per foot: $158.86 Sale price as a percentage of list price: 98% Average sale price: $331,979 Average Days on market: 69 Condos and Townhomes: Total sales 5 Average Price Per foot: $177.49 Sale price as a percentage of list price: 95% Average sale price: $236,540 Average Days on market: 77 Prices for all properties ranged from $127K for a 2/1 969sf single family home fix-up to $835,000 for a for a 5/4.5, 4967 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

November 2015 Real Estate stats Phoenix, AZ 85054

November 2015 saw a total of 9 homes sales in the 85054 Zip code of Northeast Phoenix. As of this writing there are 76 active listings and 28 under contract within 85054, so the inventory level is 8.44 months worth of supply based on the November 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, 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 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 November sales: 9 Average Price Per foot: $195.72 Sale price as a percentage of list price: 97% Average sale price: $396,278 Average Days on market: 73 This breaks down by type as follows: Single Family Detached Homes Sale: 3 Average Price Per foot: $181.36 Sale price as a percentage of list price: 97% Average sale price: $597,333 Average Days on market: 91 Condos and Townhomes: Total sales : 6 Average Price Per foot: $202.91 Sale price as a percentage of list price: 97% Average sale price: $295,750 Average Days on market: 64 Data includes single family detached homes, town homes and condos. It does not include mobile or land. Adam Tarr PC Citywide Real Estate 480-236-7374

November 2015 Real Estate stats for Scottsdale 85254

November 2015 saw a total of 60 home sales in the 85254 Zip code of Scottsdale. As of this writing there are 273 active listings and 85 under contract within 85254, so the inventory levels are at 4.55 months worth of supply based on the November 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 November sales: 60 Average Price Per foot: $184.57 Sale price as a percentage of list price: 97% Average sale price: $461,698 Average Days on market: 74 This breaks down by type as follows: Single Family Detached Homes Sales: 47 Average Price Per foot: $184.22 Sale price as a percentage of list price: 97% Average sale price: $493,872 Average Days on market: 73 Condos and Townhomes: Total sales :13 Average Price Per foot: $185.85 Sale price as a percentage of list price: 98% Average sale price: $345,377 Average Days on market: 75 Prices for all properties ranged from $64,000 for a 1/1, 680 sq. ft. foreclosed condo to $2.3M for a 3/2.5, 3842 sq.ft. penthouse condo at Landmark at Kierland . Adam Tarr PC Citywide Real Estate 480-236-7374

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