July market update for Phoenix, 85050

July  2012 saw a total of 63 homes sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are only 67 active listings within 85050, so the inventory levels have dropped to just 32 days worth of supply based on the July 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 teh 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 July sales: 63
Average Price Per foot: $126.69
Sale price as a percentage of list price: 99%
Average sale price: $259,46
Average Days on market: 61

This breaks down by type as follows:

Single Family Detached Homes
Sale: 25
Average Price Per foot: $129.14
Sale price as a percentage of list price: 100%
Average sale price: $285,140
Average Days on market: 63

Condos and Townhomes:
Total sales : 9
Average Price Per foot: $131.24
Sale price as a percentage of list price: 97%
Average sale price: $213,200
Average Days on market: 54

Prices for all properties ranged from $82K for a 2/2 condo to $715K for a Single family home in Aviano with 6/4.5, 5714 sq. ft. Adam Tarr PC
Citywide Real Estate
480-236-7374