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October 2014 Real Estate stats for 85054 Phoenix

October 2014 saw a total of 3 homes sales in the 85054 Zip code of Northeast Phoenix.  As of this writing there are 86 active listings and 16 under contract within 85054, so the inventory level is 28.66 months worth of supply based on the October sales.  85054 encompasses an area roughly bounded by Scottsdale Road, Jomax Rd, Tatum Blvd and the CAP Canal in Northeast Phoenix.   Some of the main attractions and destinations in 85054 include Scottsdale 101 Shopping as well as Desert Ridge MarketPlaceMusical Instrument MuseumHorse Lovers ParkReach 11 Sports Complex, Excelling Paradise Valley Unified School District schools and much more in the adjacent 85050 ZIP code.  The  junction of the Loop 101 and SR 51 lies just east and the Loop 101 runs through 85054 with access at 56th St and Tatum Blvd. 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 October sales: 3
Average Price Per foot: $171.26
Sale price as a percentage of list price: 96%
Average sale price: $282,383
Average Days on market: 121


This breaks down by type as follows:

Single Family Detached Homes
Sale: 1
Average Price Per foot: $147.47
Sale price as a percentage of list price: 97%
Average sale price: $292,000
Average Days on market: 198

Condos and Townhomes:
Total sales : 2
Average Price Per foot: $183.15
Sale price as a percentage of list price: 96%
Average sale price: $277,500
Average Days on market: 83

Three sales don't provide a wide range of statistics for month to month comparison.  The large number of condos in this zip code skews the numbers this time of year.  As the market heads into the strong winter months, the months worth of inventory should drop back to reasonable levels based on increased sale.. Data includes single family detached homes, town homes and condos.  It does not include mobile or land.

     

Adam Tarr PC
Citywide Real Estate
480-236-7374

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