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).
July 2017 Overview: Home Prices Continue to Climb
The average price of resale homes in North Phoenix declined in July compared to the previous month in all five zones, but prices in four of the five zones were higher compared to a year ago. Inventory tightened in four of the five zones, rising only slightly in the Desert Hills/New River zone. Tight inventory tends to put upward pressure on prices. Meanwhile, the number of homes sold declined in all five zones compared to the previous month, likely reflecting, in part, the reduced supply of houses. And still, the total of 169 resale homes closed in NoPho was 17 percent higher than the total for July 2016.
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.