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Zip Code 85396: Market Snapshot in Buckeye Arizona

By
Real Estate Agent with LRA Real Estate Group

 

Zip Code 85396 Market Snapshot

Zip Code 85396: Market Snapshot in Buckeye 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 85396 comprises a large area of North Buckeye extending to the Sun Valley Parkway in the north and McDowell Road and Interstate 10 in the south.

 Active Listings
The month of June reported 232 residential property listings, FLAT compared to 230 in May, and FLAT from 234 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 88 pending listings, FLAT from 90 in the month of May, and UP from 81 in June a year ago.

Sales Per Month
Sales in June were 47, UP 49% from 70 in May. The prior year June sales were 67.

Annual Sales $/SF
June reported Sales/SF at $73, FLAT from $73/SF in May, and DOWN from $81/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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Posted by

Bryan Watkins
Designated Broker
LRA Real Estate Group
www.LRARealEstate.com
Phoenix-Tempe-Mesa Metro
480.734.7878 text/cell

Find us on www.Facebook.com/LRARealEstate

Comments (1)

Olympus Executive Realty Inc.
Olympus Executive Realty INC. - Orlando, FL
Home Of The Top Producers

Thank you for the update in your area

Wishing you the best on future sales!

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Jul 09, 2010 06:02 PM