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August 2015 Phoenix 85050 real estate stats

August 2015 saw a total of 65 home sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 124 active listings and 82 under contract within 85050, so the inventory levels  are 1.9 month's worth of supply based on the August sales.  85050 encompasses an area roughly bounded by Union Hills Drive, Cave Creek Road, Jomax Road and Tatum Boulevard in Northeast Phoenix.   Some of the main attractions and destinations in 85050 include Desert Ridge MarketPlace, Musical Instrument Museum, Horse Lovers Park, Reach 11 Sports Complex, Excelling Paradise Valley Unified School District schools and much more.  The  junction of the Loop 101 and SR 51 lies in the midst of 85050 for easy access to all parts of the valley.  For more information on the area as well as available homes, please  call me at 480-236-7374. 

Total August sales: 65
Average Price Per foot: $166.66
Sale price as a percentage of list price: 98%
Average sale price: $349,985
Average Days on market: 55

This breaks down by type as follows:

Single Family Detached Homes
Sale: 55
Average Price Per foot: $164.77

Sale price as a percentage of list price: 98%
Average sale price: $364,810
Average Days on market: 51

Condos and Townhomes:
Total sales 10
Average Price Per foot: $177.06
Sale price as a percentage of list price: 98%
Average sale price: $268,450
Average Days on market: 79

Prices for all properties ranged from $156,000 for a 3/2.5 1372 town home to $820,000 for a for a 6/4.5, 4248 sq.ft. single family home in Fireside at Desert Ridge.  Data includes single family, town home and condos.  Data does not include land or mobile.

Adam Tarr PC
Citywide Real Estate
480-236-7374 

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