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February 2015 Phoenix 85050 real estate stats

February 2015 saw a total of 51 home sales in the 85050 Zip code of Northeast Phoenix.  As of this writing there are 157 active listings and 81 under contract within 85050, so the inventory levels  are 3.08 month's worth of supply based on the February 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 February sales: 51

Average Price Per foot: $157.59

Sale price as a percentage of list price: 98%

Average sale price: $280,251

Average Days on market: 95

This breaks down by type as follows:

Single Family Detached Homes

Sale: 43

Average Price Per foot: $159.35

Sale price as a percentage of list price: 98%

Average sale price: $291,870

Average Days on market: 97

Condos and Townhomes:

Total sales 8

Average Price Per foot: $148.19

Sale price as a percentage of list price: 96%

Average sale price: $217,800

Average Days on market: 85

Prices for all properties ranged from $133,000 for a 3/2.5 1372 town home to $585,000 for a for a 5/4.5, 3566 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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