hotzonesEnough Already about the Buyers' Market
For the past couple years real estate
agents have been broadcasting the fact that it's a buyer's market.
Less time has been spent on the other side of the market- home sales.
Phoenix Metro's Home-Selling Hot
Zones I've
decided to flip the coin and show some market figures for the hottest
selling locations in and around the metropolitan area of Phoenix,
Arizona. The statistics come from an analysis of data collected from
the Arizona Regional Multiple Listing Service. I pulled data from all
areas, stripped out those that had fewer than five reported sales for
the year and then sorted by average days on market.
Top Seven Selling Areas In
these areas sellers were able to go from listing to sale in three
months or less.
Property Type Year to Date Activity Report -
Arizona Regional MLS
For 01/01/2008 To
7/25/2008
Zip
City
Current Active
New
Pend
Sold
Sold Volume
Average Sales Price
ADOM
% Of List
85212
SE Mesa
46
89
3
24
$7,273,032
$303,043
80
97.5
85379
Surprise
14
36
8
9
$1,522,500
$169,167
81
98.1
85339
Laveen
36
63
6
6
$1,751,370
$291,895
82
98.4
85023
N Phoenix
10
24
2
7
$1,107,260
$158,180
83
91.6
85032
N Phoenix
12
26
1
9
$2,109,376
$234,375
84
98.8
85232
Florence
14
25
2
9
$1,398,900
$155,433
86
98.4
85396
Buckeye
13
18
0
5
$968,755
$193,751
90
100
Average
21
40
3
10
$2,304,456
$215,121
84
97.5
Entire MLS:
53,647
93,191
7,491
30,245
$8,421,455,849
$278,441
126
96.2
Note: It's important
to realize that this data is time sensitive. Every day brings new
information.
Looking at the Numbers Since January, these seven locations have seen
homes sale for an average of 97.5% of list price in 90 days or less.
The hottest area by far is southeast Mesa, just north of Queen Creek.
Two sections of northeast Phoenix also performed similarly- producing
sales just above 98% of list price. It's worth noting that the average
home sold in the valley for $278k. Two of the top three "hot zones" had
homes selling on average from $292k - $303k. The remaining five had
sales prices (on average) from $155k - $234K.
Looking to buy or sell
an Arizona property? I'm Chuck Willman, a real estate
agent based in the Phoenix metro area. Give me a call or search my
website for the latest information.
Teri- I've always known you were a "numbers" person. I love these sorts of statistics and YES... Mesa is a great place to be selling right now ... IF (all-together-now) "the home is priced correctly." :-)
Office Phone: (480) 292-0600
Cell Phone: (480) 292-0600
Email Me
Tips for those seeking a home or property in the Valley of the Sun. Also a source for Investments, First time Home Buying, Relocation & International Properties.
Chuck Willman, Arizona East Valley Realtor®
Enough Already about the Buyers' Market
;)
;)
Chuck, this is good stuff. I'm in Southeast Mesa.....so do you think? I could sell my home? Just kidding actually. ;-) I like this info....thanks,