This is a residential real estate market activity review for the month of October 2016 in Phoenix zip code 85006. This area of 4 square miles is close to downtown Phoenix and attractive to people who enjoy convenience and style more than living space. The area includes several historic districts: Coronado, Brentwood, Garfield, North Garfield and Country Club Park. Geographic boundaries are between Van Buren Rd and Thomas Rd (South and North) and between 24th Street and 7th Street (East-West).
Updated homes under 1,000 square feet sold this month for around $300 per square foot. Looking at the table summary, which is sorted by price per square foot, we can see that the top four of the list are homes between 680 sq. ft. and 914 sq.ft.
Residential Sales in Phoenix AZ 85006 for the period September 30, 2016 - October 30, 2016
Source: ARMLS, 30 October, 2016
The link below provides a quick glimpse of homes under 1400 square feet currently offered for sale in the area. The highest asking price per square foot has increased dramatically. Will the month of November show that more people will be willing to choose smaller homes and possibly simpler lifestyle?! Please stop by next month for the monthly review.
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