How long to sell a Luxury Home in Phoenix Az? March 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?
162 days is the current average
1413 days is the longest time on market
What is the average time on market for luxury homes currently under contract?
134 days is current average for time to get home under contract
628 is current longest time for home
What is the average time on market for luxury homes that have sold in the last 30 days?
894 was longest time
How much current inventory is available on market, and does it benefit buyer or seller?
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 17 sales, so they are indeed selling. They key, is pricing right and of course doing aggressive and extensive marketing.
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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