How long to sell a Luxury Home in Phoenix Az? January 2020

By
Real Estate Agent with Keller Williams Realty Phoenix

How long to sell a Luxury Home in Phoenix Az? January 2020



The answer to the question is that the length of time to sell a luxury home 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) on ALL properties that are currently on market, under contract or recently sold that are priced over $1,000,000.  This will include all areas within our MLS boundaries, and again, all property types.

 

What is the average time on market for luxury homes at this time?

203              days is the current average

2932           days is the longest time on market

 

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

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

863              is current longest time for home

 

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

175              days

1254           was longest time

 

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

8.18   months

 

Quick Commentary - While time on market is considerably longer for the luxury home market, homes are still selling.  The ARMLS (arizona multiple listing service) saw a total of 216 sales, so they are indeed selling. They key, is pricing right and of course doing aggressive and extensive marketing.

 

To see all homes over $1,000,000 on the market at this time, CLICK HERE



Interested in Selling?  Request a no obligation current market analysis appointment for your home.  We can discuss the real estate market, the current housing competition for similar homes, best sales strategies to use, and of course likely home sale price.  Request yours today

 

 

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Rainmaker
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Laura Filip
Laura Filip Broker , Opening doors for All Seasons of Life - Whitesboro, TX
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Thank you for sharing the information on Luxury Properties in your community 

Jan 14, 2020 04:16 PM #1
Rainer
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Tracy Hawke, The Woodland Companies!
Woodland Management Service - Minocqua, WI
Wisconsin Forest Land Experts!

Thanks for the update on this community, all the best to you as you get many of these properties listed and sold.

Tracy

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Jan 24, 2020 10:38 PM #2
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David Alan Baker Laveen & South Phoenix Realtor

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