This exclusive report on North Phoenix 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).
August 2017 Overview
Vacations and summer heat tend to put a damper on existing home sales, and that’s reflected in the August data. The number of homes sold, which reflects closed deals that were typically in the works for a few weeks, fell in three of the five zones compared to July, and also compared to August 2016. In total, 157 homes sold in NoPho in August. The figure is down 7.1 percent from 169 sales closed in July and off 2.5 percent from 161 sales in August 2016.
Still, the average sales price increased in three zones compared to August 2016, and price per square foot inched up in four zones.
Get Details on Each Zone
*The actual price per square foot of any individual house will vary greatly based on many factors including location, upgrades and condition of the property.
**Based on average sales rate of the previous 6 months and presuming no additional homes are listed. Less than 6 months is considered a seller’s market.
See Definitions of Terms below.
Information on home types, community amenities and other details for more than 20 North Phoenix neighborhoods:
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.