Real Estate Market Update for 85029 (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 52% from one year earlier and up 2% 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 140-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 130-thousand dollars. The number of units sold Decreased 16% year-over-year and Decreased 19% 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 85029 (Phoenix, AZ)
Area Information for 85029 (Phoenix, AZ)
  • Community Character: Moderate Residential Turnover
  • Population: 44,315
  • Median Age: 33.18 yr
  • Median Commute Time: 24.32 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 91
  • Sales Tax: 9.3%
  • Population Density: 4,746/sq mi
  • Population Change Since 2000: -4%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Intl Import-export Inst
  • Closest Jr. College: Bryman School
  • Median Household Income: $45,870
  • Annual Residential Turnover: 22.53%
  • Median Years in Residence: 2.82 yr
  • Median Home Sales Price: $64,596
  • 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 85029 (Phoenix, AZ)
Median Age: 33.18 Married: 36% Number of Households: 17,463 Households with Children: 6,088
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 85029 (Phoenix, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Shaw Butte School 0.9 mi Public PRESCHOOL-6 1 2
      Starshine Academy - Global Transitions 0.9 mi Public K-12 0 0
      Mountain View Elementary School 0.9 mi Public PRESCHOOL-8 1 2
      Moon Mountain School 1.1 mi Public PRESCHOOL-6 1 4
      Ascending Roots Scholastic & Athletic Premise Inc 1.9 mi Public K-8 0 0
      Rsd Computerized Plus High School 1.9 mi Public 9-12 1 1
      Rsd Computerized Plus Online Program 1.9 mi Public 9-12 0 0
      Lakeview Elementary School 2.1 mi Public K-6 1 3
      Cholla Middle School 2.2 mi Public 7-8 1 3
      Sahuaro School 2.4 mi Public PRESCHOOL-6 2-5 4
      Intelli-school Charter High School - Glendale Site 2.6 mi Public 9-12 0 0
      Intellischool - Metro Center 2.6 mi Public 9-12 1 3
      St. Jerome Elementary School 2.7 mi Catholic PRESCHOOL-8 0 4
      Moon Valley High School 2.8 mi Public 9-12 4-5 4
      West-mec - Moon Valley High School 2.8 mi Public 9-12 0 0
      Emmaus Lutheran School 3.1 mi Private PRESCHOOL-8 0 5
      Chaparral Elementary School 3.2 mi Public PRESCHOOL-6 2-5 3
      Tumbleweed Elementary School 3.3 mi Public PRESCHOOL-6 1 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 2014
      Local Weather for 85029 (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.