Real Estate Market Update for 85012 (Phoenix, AZ)

Video: Real Estate Community Tour for 85012 (Phoenix, AZ)

See Real estate community tour for 85012 (Phoenix, AZ)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 50% from one year earlier, and up 1% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just over 460-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 54%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 650-thousand dollars. The number of units sold decreased 27% year-over-year, and decreased 27% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
Show Transcript
Map Information for 85012 (Phoenix, AZ)
Area Information for 85012 (Phoenix, AZ)
  • Population: 7,353
  • Median Age: 41.32 yr
  • Median Commute Time: 18 mins
  • Educational Climate*: 5
  • Sales Tax: 6%
  • Population Density: 3,351/sq mi
  • Population Change Since 2000: 3.64%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Phoenix Inst Herbal Medicine-acupuncture
  • Closest Jr. College: Phoenix College
  • Median Household Income: $55,539
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $318,500
  • Closest Major Sports Team: Phoenix Mercury
  • Change Avg. Household Income Since 2000: 44.62%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85012 (Phoenix, AZ)
Median Age: 41.32 Married: 33% Number of Households: 3,647 Households with Children: 588
    • 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 85012 (Phoenix, AZ)

      School Name Distance Type Grades School Rating Parent Rating
      Xavier College Preparatory High School 0.2 mi Catholic 9-12 0 4
      St Francis Xavier School 0.2 mi Catholic PRESCHOOL-8 0 0
      Brophy College Preparatory 0.3 mi Catholic 6-12 0 4
      Central High School 0.4 mi Public 9-12 2 3
      Empower College Prep 1.0 mi Public 4-12 1 0
      North Phoenix Baptist Church Preschool 1.0 mi Private PRESCHOOL-K 0 0
      Basis Phoenix Central Primary 1.0 mi Public K-12 5 0
      Phoenix Hebrew Academy 1.1 mi Private PRESCHOOL-8 0 0
      All Saints Episcopal Day School 1.6 mi Private PRESCHOOL-8 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 © 2016. School Performance data by School Review data by
      Local Weather for 85012 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.