Zip Code 85339: Market Snapshot in Laveen Arizona

Zip Code 85339: Market Snapshot in Laveen Arizona
Single Family Homes
June 2010

Wondering about homes in this Zip Code?  We have prepared a snapshot for you.  How is the best way to find your next home? Call an expert to locate just the right one for you and your family.

ZIP code 85339 comprises a large area of Southwest Phoenix, usually referred to as Laveen. Laveen is an unincorporated town but much of this area is now incorporated into the city limits of Phoenix. It lies south of the Salt River and north of the Gila River. The western boundary is roughly in line with 91st Avenue while the eastern boundary runs along 27th Avenue. It includes Aguila Golf Course, Cesar Chavez Park, Cotton Fields Golf Club and Alvord Park.

Active Listings
The month of June reported 536 residential property listings, UP 3% compared to 518 in May, and UP from 416 just a year ago. The Federal First Time Home Buyer $8,000 tax credit has affected the market in many ways. We are all waiting to see what will happen in the next 3-6 months.

Pending Listings
June ended with 230 pending listings, DOWN 19% from 274 in the month of May, and UP from 216 in June a year ago.

Sales Per Month
Sales in June were 163, UP 4% from 135 in May. The prior year June sales were 114.

Annual Sales $/SF
June reported Sales/SF at $61, FLAT from $60/SF in May, and DOWN from $73/SF in June the prior year.

Summary
Real estate activity in the Phoenix Metro area market continues to deteriorate, where demand in the market is roughly the same as the supply. Some good news is that the federal tax credit deadline to close escrow on qualified home sales was extended to September 30th. Stay tuned to our blog, where we will keep you updated.

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Bryan Watkins is a savvy Realtor® in the Metro Phoenix area. Want to Search the official MLS for FREE the same as an Agent? Then jump to www.LRARealEstate.com for a fast start. You can also text Bryan at 480-734-7878 or email bryan@LRAphx.com for more information on homes or other fine properties. Some info was courtesy of MLS, Wikipedia and the Cromford Report.

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