October market update for Phoenix, 85050

By
Real Estate Agent with MavRealty

October  2012 saw a total of 55 homes sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 106 active listings and 134 under contract within 85050, so the inventory levels  are 52 days worth of supply based on the October 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 the 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 October sales:56
Average Price Per foot: $131.82
Sale price as a percentage of list price: 99%
Average sale price: $325,524
Average Days on market: 69

This breaks down by type as follows:

Single Family Detached Homes
Sale: 52
Average Price Per foot: $131.76
Sale price as a percentage of list price: 99%
Average sale price: $329,694
Average Days on market: 66

Condos and Townhomes:
Total sales : 3
Average Price Per foot: $132.83
Sale price as a percentage of list price: 100%
Average sale price: $180,967
Average Days on market: 115

Prices for all properties ranged from $122K for a 3/2 SFD home  to $750K for a Single family home in Desert Ridge with 6/4.5, 5226 sq. ft. Data includes single family detached homes, town homes and condos.  It does not include mobile or land.

 

Adam Tarr PC
Citywide Real Estate

 

Comments (1)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Adam, thanks for the market update...always enoy viewing information on other communities....tks for sharing...

Nov 06, 2012 04:40 AM