Real Estate Market Update for 85023 (Phoenix, AZ)
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Welcome to your monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 22% from one year earlier and down 5% 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 under 190-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 6% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. Meanwhile, The median sale price was 140-thousand dollars. Overall, The number of units sold Decreased 28% year-over-year and Increased 23% month-over-month Despite a slight annual decrease, this upward monthly sales-trend indicates positive momentum. 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 85023 (Phoenix, AZ)
Area Information for 85023 (Phoenix, AZ)
  • Community Character: High Residential Turnover
  • Population: 33,540
  • Median Age: 33.29 yr
  • Median Commute Time: 23.96 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 103
  • Sales Tax: 9.3%
  • Population Density: 4,458/sq mi
  • Population Change Since 2000: -1%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Intl Import-export Inst
  • Closest Jr. College: Long Technical College
  • Median Household Income: $49,522
  • Annual Residential Turnover: 25.57%
  • Median Years in Residence: 2.57 yr
  • Median Home Sales Price: $103,704
  • Closest Major Sports Team: Peoria Mariners (r)
  • Change Avg. Household Income Since 2000: 15%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 85023 (Phoenix, AZ)
Median Age: 33.29 Married: 40% Number of Households: 14,092 Households with Children: 4,787
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 85023 (Phoenix, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      John Jacobs Elementary School 1.0 mi Public K - 6 2-5 4
      Village Meadows Elementary School 1.3 mi Public K - 6 3 0
      Mountain Sky Junior High School 1.7 mi Public 7 - 9 3 4
      Thunderbird High School 1.7 mi Public 9 - 12 4 4
      Constitution Elementary School 1.9 mi Public K - 6 2 2
      Hearn Academy - Ball Charter School 1.9 mi State K - 8 4 3
      Lookout Mountain Elementary School 2.2 mi Public K - 6 4-5 4
      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 © 2010
      Local Weather for 85023 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 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.