Real Estate Market Update for 85016 (Phoenix, AZ)
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 4% from one year earlier and up 5% 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 320-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 40% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 190-thousand dollars. The number of units sold Decreased 32% year-over-year and Decreased 38% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales 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.
Map Information for 85016 (Phoenix, AZ)
Area Information for 85016 (Phoenix, AZ)
  • Community Character: High Residential Turnover
  • Population: 34,074
  • Median Age: 33.38 yr
  • Median Commute Time: 18.59 mins
  • Educational Climate*: 5
  • Recycling Likelihood**: 95
  • Sales Tax: 9.3%
  • Population Density: 3,268/sq mi
  • Population Change Since 2000: -4%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Southwestern College
  • Closest Jr. College: High-tech Institute
  • Median Household Income: $47,141
  • Annual Residential Turnover: 24.29%
  • Median Years in Residence: 2.43 yr
  • Median Home Sales Price: $116,000
  • Closest Major Sports Team: Azl Athletics (r)
  • Change Avg. Household Income Since 2000: 24%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 85016 (Phoenix, AZ)
Median Age: 33.38 Married: 30% Number of Households: 16,737 Households with Children: 3,510
Community:
    • 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 85016 (Phoenix, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Holy Trinity Academy 1.0 mi Private K-4 0 5
      Camelback High School 1.6 mi Public 9-12 2-5 3
      Madison #1 Elementary School 1.6 mi Public 5-8 3-5 3
      Villa Montessori - Phoenix Campus 1.6 mi Public K-8 4-5 4
      St. Thomas The Apostle School 1.8 mi Catholic K-8 0 4
      Madison Camelview Elementary School 2.0 mi Public PRESCHOOL-3 2-5 4
      Compass Center 2.5 mi Public 5-8 1 0
      Loma Linda Elementary School 2.7 mi Public PRESCHOOL-8 2 3
      Larry C Kennedy School 2.7 mi Public K-8 2 3
      St. Paul's Preparatory Academy 2.7 mi Private 9-12 0 3
      Sonoran Science Academy - Phoenix Metro 2.7 mi Public K-12 0 4
      Phoenix Advantage Charter School 2.9 mi Public K-8 1 3
      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: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 85016 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.