Zip Code 85254 May 2016 Market Update

Zip Code 85254 – The Magic Zip Code Statistical Report

One Month Report: 5/1/16 – 5/31/16

With just 4.88 months of inventory on hand, the Zip Code 85254 May 2016 Market Update indicates a Seller's market. Inventory is needed. Are you ready to sell?For Single-Family Residences

  • Overall ACTIVE Single-Family Homes: 243 / Low $296K / Average $598 / High $2.8M / Average Days on Market: 93
  • All Under Contract & Pending Sale: 130 / Low $249K / Average $491K / High $1.15M
  • All Under Contract Contingent to the Selling of Buyer’s Home: 9 / Low $265K / Average $480K / High $850K
  • Sold Properties in May: 73 / Low $297K / Average $469K / High $975K / Average Days on Market: 71
  • Sold Properties Last Year (same 1-month period): 88 / Low $223K / Average $459K / High $1.25M / Average Days on Market: 98

Overall Absorption Rate: 4.88 months of inventory if no other homes come on the market from today. As you know, homes are listed and sold every day, so this will change as the inventory changes.

Zip code 85254 is a SELLER’S market!  Inventory needed!  This is a great time to Sell – Call me for your immediate area statistics.

Any questions on this report, other zip codes or subdivision breakdowns? Please call me! 602-359-5439

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Victoria Felice, Associate Broker - Scottsdale, Paradise Valley and North Scottsdale real estate

Victoria Felice, Realtor Berkshire Hathaway Call/Text: 602-359-5432
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About Scottsdale Victoria

Victoria Felice is a Broker Associate at Realty One Group and provides upscale home buyer and home sellers services in the Scottsdale and Paradise Valley area. Call or text Victoria today at 602-359-5432.

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