Real Estate Market Update for 85008 (Phoenix, AZ)

Video: Real Estate Community Tour for 85008 (Phoenix, AZ)

See Real estate community tour for 85008 (Phoenix, AZ)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 7% from one year earlier, and down 14% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 260-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 72%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 170-thousand dollars. The number of units sold increased 15% year-over-year, and increased 12% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 85008 (Phoenix, AZ)
Area Information for 85008 (Phoenix, AZ)
  • Population: 59,276
  • Median Age: 29.55 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 2
  • Sales Tax: 8%
  • Population Density: 5,662/sq mi
  • Population Change Since 2000: 4.48%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Phoenix Seminary
  • Closest Jr. College: Gateway Community College
  • Median Household Income: $34,295
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $112,444
  • Closest Major Sports Team: Azl Athletics (r)
  • Change Avg. Household Income Since 2000: 22.14%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85008 (Phoenix, AZ)
Median Age: 29.55 Married: 26% Number of Households: 20,729 Households with Children: 6,931
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 85008 (Phoenix, AZ)

      School Name Distance Type Grades School Rating Parent Rating
      Balsz School 0.2 mi Public K-8 1 0
      Griffith Elementary School 0.3 mi Public K-8 1 3
      Brunson-lee Elementary School 0.5 mi Public K-6 0 0
      Sonoran Science Academy - Phoenix 0.6 mi Public K-12 2 0
      Orangedale Early Learning Center 0.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Maryvale Preparatory Academy 0.8 mi Public K-9 0 0
      Papago School 1.1 mi Public PRESCHOOL-8 1 0
      Gateway School 1.1 mi Public K-8 0 0
      David Crockett School 1.2 mi Public PRESCHOOL-6 1 0
      Arcadia Montessori School 1.2 mi Private PRESCHOOL-K 0 0
      Academy Of Excellence 1.2 mi Public K-8 1 0
      Wilson Primary School 1.9 mi Public K-3 0 0
      Creighton Elementary School 1.9 mi Public K-8 1 0
      Wilson Elementary School 1.9 mi Public 4-8 1 4
      Phoenix Christian School Pk-8 2.3 mi Private PRESCHOOL-8 0 0
      Nueva Vista School Arizona State Hospital 2.5 mi Public PRESCHOOL-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by School Review data by
      Local Weather for 85008 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.