If you’re looking for a house, condo or apartment in NoPho — the North Phoenix I-17 corridor between Norterra and New River — you’ve found the best site to begin your journey. We’ve done extensive research to provide exclusive, detailed, independent information on the region’s neighborhoods, schools, services and attractions, not to mention the wonderful climate — everything you need know about the North Phoenix real estate market and make a smart decision on your next home. See general information about NoPho below, or hop straight to the latest real estate data:
Monthly Real Estate Watch: April 2018
This exclusive report on NoPho real estate trends and statistics is provided in cooperation with In&Out Magazine and is updated monthly. Click links below for exclusive analysis of each NoPho zone (zone map below).
Sales of existing homes fell notably in April as inventory rose slightly and prices were all over the ballpark. However, the broader price trend has been upward, locally and nationally, for several years.
Across NoPho, the I-17 corridor from Norterra to New River, sales fell from 207 in March to 158 in April, a 24 percent decline. The April tally was 13 percent below April 2017. Sales fell in every zone except the Norterra area.
Inventory—a measure of homes available given the current sales pace—rose slightly in four of five zones, tightening only in Desert Hills and New River. However, inventory remained below the six-month mark in every zone. Anything less than six months is considered a sellers’ market.
Across NoPho, pending sales—an indicator of future closings—was nearly identical in April (189) compared to March (191) but well below the mark last April (233). Likewise, the number of homes listed for sale was up just slightly in April (475) compared to March (471) but far fewer than last April (520).
(Note that figures can be skewed by a handful of sales in a zone, given the relatively small number of monthly sales.)
Get Details on Each Zone
See Definitions of Terms below.
2017 Year-End Overview
Average prices for existing homes in North Phoenix ended 2017 higher than the year prior across four of the five NoPho zones, reflecting a nationwide trend of rising prices. The price per square foot was higher in all five zones.
About This Data
Real estate sales data is from the Arizona Regional Multiple Listing Service and, while not guaranteed, is believed to be accurate.
Average Price of Homes Sold can be skewed by the sale of a single home that is priced well above or below other homes that have sold.
Pricing per Square Foot of any individual house can vary greatly depending on many factors, including location, upgrades and condition of the property.
Sales Activity represents the number of homes that have closed escrow in the given time period.
Inventory represents the number of months it would take to sell all the homes currently listed based on average rate of sales during the previous 6 months, and presuming no additional homes are listed. Less than 6 months is considered a “seller’s market.” As inventory goes down, look for prices to move up. More than 6 months is considered a “buyer’s market.” As inventory goes up, prices will trend down.
- Interactive North Phoenix Map: Find all neighborhoods, schools, shopping centers, places to hike, libraries, hospitals and more.
- Real Estate News: New and soon-to-come subdivisions and retail centers, plus the latest on the housing market.
NoPho is a specific area within North Phoenix along I-17 [see NoPho Definition and map]. It is a great place to live, work and play. The commute is easy to Scottsdale, Glendale and Central Phoenix. Yet being on the northern fringe of the metro area, its a short hop to Prescott, Sedona and Flagstaff.
And there’s plenty to do right here. There are several mountain preserves in the region, all just a few minutes drive from any NoPho neighborhood, offering endless miles of hiking, biking and horseback riding. Lake Pleasant, just 20 minutes from the intersection of I-17 and the Carefree Highway, has two marinas from which you can sail, ski, kayak, fish, or do whatever it is the kids do these days.
Speaking of kids: You’ll be hard-pressed to find an area with more choices in schools, including some that tout top scores on statewide tests. School Information Guide >>>
Looking for a home? You’ll find gated and non-gated communities, humble one-story abodes, huge two-story houses, chic patio homes with an urban flair, low-maintenance condos, and sprawling desert territorials. You’ll find numerous neighborhoods with homes that have stunning desert and mountain views. Want a pool? There are lots of them. Looking for tennis, golf, hiking trails or other community amenities? We’ll arm you with that information. Neighborhood Information Guide >>>
If you don’t find what you’re looking for, or have a question or comment, please let us know.
Meanwhile, some images of the places we call home: