NoPho Home Sales Soften in January

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The number of existing homes sold in NoPho, the I-17 corridor between Norterra and New River in North Phoenix, fell to 101 in January. That’s 17 percent lower than December and 22 percent lower than January 2017, according to the latest analysis by North Phoenix News and In&Out Magazine.

The softer January sales follow a very busy year. In 2017, more existing homes were sold nationwide than in any year since 2006. In NoPho, the number of existing homes sold rose 10.3 percent in 2017 compared to 2016.

The January softness can be attributed at least partly to relatively few homes on the market: Inventory remained below a six-month supply in all five zones and is particularly low in Anthem Parkside (just 1.4 months). Less than six months is considered a “seller’s market.”


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january 2018 real estate activity in north phoenix

Given the relatively small numbers overall, it will take additional months of data to see if the softer sales represent a trend.

Meanwhile, the average price fell in all five zones even as price per square foot was higher in four and unchanged in one. This indicates, at least in part, that the homes closed in January were generally smaller. Details on each zone:

monthly home sales in north phoenix

total nopho homes sold in 2017 by zone

Robert Roy Britt
NoPho resident Robert Roy Britt has written for In&Out publications since its inception in 2005. Britt began his journalism career in New Jersey newspapers in the early 1990s. He later became a science writer and was editor-in-chief of the online media sites Space.com and Live Science. He has written four novels. Email the author.
Robert Roy Britt on Email

Robert Roy Britt

NoPho resident Robert Roy Britt has written for In&Out publications since its inception in 2005. Britt began his journalism career in New Jersey newspapers in the early 1990s. He later became a science writer and was editor-in-chief of the online media sites Space.com and Live Science. He has written four novels. Email the author.

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