Our AZ Biltmore Property Market Update looks back at the month of February and compares it to the previous 12 months as well as February 2014. We will post real live charts and graphs that are dynamic in nature. Hover over the charts with your mouse and see the live data. This report will break down Market activity, Median Sold Prices and Average Sold Prices. We will also look at the Average Days on Market, and Average Sold to List Price Ratio. Before we’re done you should have a realistic understanding of what’s happening in todays housing market in & around the Arizona Biltmore.
Market Activity for the 85016 Zip code
85016 Median Sold Price
85016 Average Sold Price
85016 Average Days on Market
Avg Sold to Orig List Price Ratio
The above charts and graphs tell the real story. It appears that the decline in the number of closed homes in January 2015 has had little, if any, impact on home values over the course of the last 12 months. Home prices actually rose slightly by 3.6% over the previous year on average and the median sold price is actually up by over 22%. Isn’t that interesting! Homes aren’t taking longer to sell wither. They aren’t selling fast, but they are selling faster this year compared to this time last year: 5% faster in January 2051 compared to Jan 2014. Do homes generally sell for more or less than the asking price. The selling prices we see for January 2015 say that homes are selling for 93.3 % of what they were originally listed for. That number is actually up 1.8% over the same month in 2014. The change is rather insignificant, and means that the market is actually stable.
If you have any questions about the AZ Biltmore Property Market Update for January 2015 please let me know. You can email me, and text or call me at (480) 442-3501. Try our MLS Home Search if you are searching for Property Home Search by Zip code. You might also be interested to see Valley Luxury Homes broken down Cities and then into attractive searches based on interest such as golf, gated, city light views, and more luxury home searches.