Housing Market for Phoenix, Az 85024, $300,000 - $400,000

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Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000
https://activerain.com/droplet/5ncW

The Phoenix Area Housing Report in the recent past has shown a very strong sellers market.  Now that showings are on hold for a lot of sellers in their occupied homes, we've seen a slow down in showings of homes for April, but that doesn't seem to have stopped sales  The price range of $300,000 - $400,000 has moved along at a fairly fast paced sales market.

 

85024 is located in North Phoenix, just west of Desert Ridge, a planned community, and Desert Ridge Marketplace.

 

In the current housing market for Phoenix, AZ 85024 homes priced between $300,000 - $400,000 year over year reflects declining inventory.  Even with the latest increases to 13 listings we're still lower than any period during the last 4 years.

 

Active Listings for 85024 April 2020

 

But has anyone cancelled their listing during this crazy pandemic?  According to this chart, we are below last year's cancellations at just 6 as of May 3rd. 

 

YTD Cancelled Listings 85024 $300,000 - $400,000 April 2020

 

How long is it taking to sell homes in 85024 priced between $300,000 - $400,000?   According to our charts, homes are selling in 36.5 days for April, 2020.  As compared to April, 2015, it took 91 days to sell a home in this price range in 85024.  So even though the Days on Market is up from 28 days to 36 days from March to April in this price range, the numbers are still low which  should help sellers feel positive about their home sale.  

 

Avg Cumulative DOM April 2020, $300,000 - $400,000

 This chart for Weekly Summary Market Conditions is a new chart by subscription to the Cromford Report.  This report is for price ranges $300,000 - $400,000 for homes in 85024 and reflects 6 accepted contracts for the last week of April.  If you compare week over week, that's a good statistic.  People are buying homes again and they are selling fast with rising prices. 

 4 Week Moving Average 85024 April 2020

 If you have questions about these reportts or someone you know is interested in selling their home in the North Phoenix, Scottsdale area, please give me a call! 

 

 

 

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HomeSmart Elite Group                                  

8388 E Hartford Dr., Suite 100

Scottsdale, AZ 85255                                                         

(602) 620-2699   DIRECT

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Rainmaker
2,744,250
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Phoenix home buyers and sellers are certain to value your real estate market report, Jan!

May 08, 2020 01:15 AM #4
Rainmaker
5,358,111
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Jan Green buyers and sellers should appreciate this market data.... I'm surprised at the affordability in the Phoenix area.....

May 08, 2020 04:19 AM #5
Rainmaker
3,591,161
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Jan. Sounds like those who have adapted continue on! Thanks for the update. Enjoy your day!

May 08, 2020 04:54 AM #6
Rainmaker
3,644,344
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Jan - as you might imagine finding houses for sale in the $300,000 to $400,000 price range in Los Angeles County is elusive so knowing that such "opportunity is not a mirage but is available in Phoenix 85024 is a real life incentive to buy versus rent in your area.

May 08, 2020 05:48 AM #7
Rainmaker
1,382,059
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jan Green - These are unusual times. Our MLS up north (SVVAR) has not seen many cancelations. I have a funny feeling that summer when it is usually slow, will be very active.  

May 08, 2020 06:06 AM #8
Rainmaker
619,911
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

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

Sally

 

May 09, 2020 12:06 AM #9
Rainmaker
2,161,589
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jan Green - just like in Westchester, NY, the type of market depends on the price range.  Affordable is still brisk.

May 11, 2020 06:10 AM #10
Rainmaker
2,188,299
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Jan Green - When you market and show statistics, you have a way of drawing people into your community and the world in which you live. Everything you do shows just how polished you are and good at what you do in real estate sales. 

May 14, 2020 04:51 AM #11
Rainmaker
2,188,299
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Who are you going to call for best REALTOR and Eco Broker in North Phoenix?

Jan Green - She's worth calling and working with. She doesn't skip a beat and her knowledge is above and beyond!

May 16, 2020 08:20 AM #12
Rainmaker
473,386
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Jan, the Cromford Report is one of my favorite statistical tools. I use it extensively, too. It is such an in-depth statistical tool for the Phoenix market. 

May 17, 2020 04:28 PM #13
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you for stopping by MichelleCherie Carr Crowe Just Call...408-252-8900 ! 

May 19, 2020 01:18 PM #14
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you Myrl Jeffcoat ! I appreciate your comment!

 

May 19, 2020 01:19 PM #15
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

And that's exactly why I wrote this blog, including sharing it with a client .  The median price in Phoenix is $280,000; Scottsdale is $492,500!  We do have affordable homes!  Thanks for stopping by!

May 19, 2020 01:21 PM #16
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you for commenting Wayne Martin !  Have a great rest of your day!

May 19, 2020 01:22 PM #17
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Very true Michael Jacobs !  I appreciate your prices as one of my daughters earned a degree at USC!  California is our #1 inbound state for this very reason.  And we're only an hour flight away :)  Have a great rest of your day!

May 19, 2020 01:23 PM #18
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

I think you're right Sheri Sperry - MCNE® , not to mention Q4!  Have a great rest of your week!

May 19, 2020 01:24 PM #19
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you  Sally Crane !  Sellers are slowly starting to put their homes back on the market, write contracts, and the numbers are looking better.  Hope you're doing well!

May 19, 2020 01:25 PM #20
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Very true Grant Schneider .  The best priced, clean, move-in ready, go quickly!  

May 19, 2020 01:26 PM #21
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Patricia Feager, MBA, CRS, GRI,MRP , you are such a gem.  We try to know our market so we can be the BEST resource when the time comes for people to make important decisions.  Knowledge is confidence and power!   Thank you for your kind remarks and for stopping by.  Have a great rest of your day!

May 19, 2020 01:27 PM #22
Rainmaker
1,010,472
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

So agree Steffy Hristova !  It's such great information and the reports are amazing!  Good for you!

May 19, 2020 01:28 PM #23
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Rainmaker
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HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN
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