How long to sell Condos in Phoenix Az? January 2017

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Real Estate Agent with Keller Williams Realty Phoenix

How long to sell Condos in Phoenix Az? January 2017

 

The answer to the question is that the length of time to sell a condo in Phoenix Az varies.  Yet, we can look at some information which can give you a general idea, based on other homes in the Phoenix area. 

Information is gathered from the MLS (multiple listing service).  The statistics for this report will include both condos as well as townhomes for the entire MLS area of Phoenix.

 

What is the average time on market for condos at this time?

116 days is the current average

2113 plus days is the longest time on market

 

What is the average time on market for condos currently under contract?

70 days is current average for time to get home under contract

986 is current longest time for home

 

What is the average time on market for condos that have sold in the last 30 days?

75 days

880 was longest time

 

How much current inventory is available on market, and does it benefit buyer or seller?

2.63 months

 

Quick Commentary – Inventory levels are low, and the market inventory favors the sellers.  The key if selling, is to make sure you know the values and market trends.  Price home correctly and market aggressively it will sell.

 

To search properties in Phoenix please visit http://www.centralphoenixaz.com/home-search/

 

To request a home valuation for your home, or a consultation please visit http://www.centralphoenixaz.com/ or call David at 602-373-6345

 

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Rainmaker
1,502,090
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Wow, there are some pretty stale listings in the Phoenix condo market, even with low inventory.  That's a lot like the Maui market.  Some sellers are just fishing and don't really care if it never sells, unless they get the price they want.

Jan 22, 2017 04:23 PM #1
Rainmaker
454,009
Brian Rugg
Rugg Realty LLC Sun City Texas 512-818-6700 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

 

 

I really like the helpful/useful nature of the post. Both sellers and buyers want to know this so they can understand the market dynamics.  Good job!.

Jan 24, 2017 07:21 AM #2
Rainer
177,117
Cheryl Dukes . . . . . Intown Atlanta
Solid Source Realty, Inc. - Atlanta, GA

Interesting info about selling condos in Phoenix. If I had a condo to sell in Phoenix, I would surely contact a Realtor to help me out.

Jan 25, 2017 09:51 AM #3
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Rainmaker
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David Alan Baker Laveen & South Phoenix Realtor

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