North Phoenix Home Sales Strong in 2017

anthem home parkside
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The number of existing homes sold in the NoPho region of North Phoenix rose 10.3 percent in 2017 compared to 2016, according to the latest analysis by North Phoenix News and In&Out Magazine. In 2017, 1,910 existing homes sold across NoPho, an area of the I-17 corridor from Norterra to New River. The total was 1,732 in 2016.

total nopho homes sold in 2017 by zone

Meanwhile, prices continued their upward trend through the end of the year. Average prices for existing homes in December was higher than the year prior across four of the five NoPho zones, and the price per square foot was higher in all five zones, reflecting a nationwide trend of rising prices.

december 2017 nopho real estate sales

December is typically a slow month for real estate closings. Yet, while December 2017 saw five fewer NoPho homes close than November, the total of 122 was slightly higher than the 118 closures in December 2016.

Monthly NoPho existing homes sales volume in 2017

The inventory of homes available for sale remained tight nationally and in NoPho, especially in Anthem Parkside (1.4 months), the Tramonto & Sonoran Foothills area (1.9 months) and the Norterra area (2.4 months). Inventory in Anthem Country Club rose slightly to 3.7 months, and in New River & Desert Hills it rose notably from 4.7 months in November to 6.8 months in December. Less than 6 months is considered a “seller’s market.”

Get Details on Each Zone

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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.
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.

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