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How long to sell a Luxury Home in Phoenix Az? November 2016
How long to sell a Luxury Home in Phoenix Az? November 2016


The answer to the question is that the length of time to sell a luxury home in Phoenix Az varies.  Yet, we can look at some information which can give you a general idea, based on other homes in the Phoenix area. 


Information is gathered from the MLS (multiple listing service) on ALL properties that are currently on market, under contract or recently sold that are priced over $1,000,000.  This will include all areas within our MLS boundaries, and again, all property types.
 
What is the average time on market for luxury homes at this time?
221 days is the current average
4076 days is the longest time on market
 
What is the average time on market for luxury homes currently under contract?
165 days is current average for time to get home under contract
736 is current longest time for home
 
What is the average time on market for luxury homes that have sold in the last 30 days?
186 days
678 was longest time
 
How much current inventory is available on market, and does it benefit buyer or seller?
16.31 months
 
Quick Commentary - While time on market is considerably longer for the luxury home market, homes are ... more

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