Real Estate Market Update for 85032 (Phoenix, AZ)
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Welcome to March's 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 up 52% from one year earlier, and down 7% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. 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 31%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 200-thousand dollars. The number of units sold decreased 10% year-over-year, and increased 3% 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 85032 (Phoenix, AZ)
Area Information for 85032 (Phoenix, AZ)
  • Population: 63,706
  • Median Age: 34.85 yr
  • Median Commute Time: 23.45 mins
  • Educational Climate*: 3
  • Sales Tax: 6.3%
  • Population Density: 5,129/sq mi
  • Population Change Since 2000: -3.93%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Northern Az University-paradise Valley
  • Closest Jr. College: Paradise Valley Community College
  • Median Household Income: $50,283
  • Annual Residential Turnover: 23.36%
  • Median Years in Residence: 2.71 yr
  • Median Home Sales Price: $128,000
  • Closest Major Sports Team: Diamondbacks
  • Change Avg. Household Income Since 2000: 13%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 85032 (Phoenix, AZ)
Median Age: 34.85 Married: 27% Number of Households: 25,253 Households with Children: 8,553
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 85032 (Phoenix, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Arrowhead Elementary School 0.3 mi Public PRESCHOOL-6 2-5 3
      Aldea Montessori 0.5 mi Private PRESCHOOL-1 0 0
      Desert Dawn Private School 0.5 mi Private PRESCHOOL-K 0 0
      Pardes Jewish Day School 0.6 mi Private PRESCHOOL-8 0 4
      Polaris High School 0.6 mi Public 9-12 1 3
      Pvonline 0.6 mi Public K-12 0 0
      Prospect School 0.6 mi Public 7-8 0 0
      Benchmark School 0.7 mi Public PRESCHOOL-6 5 5
      Greenway Middle School 0.9 mi Public 7-8 1 3
      Indian Bend Elementary School 0.9 mi Public PRESCHOOL-6 2 3
      Whispering Wind Academy 0.9 mi Public K-6 3 4
      Palomino Intermediate School 1.0 mi Public 4-6 2 3
      Palomino Primary School 1.0 mi Public PRESCHOOL-3 1 2
      West-mec - Paradise Valley High School 1.1 mi Public 9-12 0 0
      Paradise Valley High School 1.1 mi Public 9-12 3-5 3
      Ombudsman - Charter Northeast 1.2 mi Public 9-12 1 3
      Crestview College Preparatory High School 1.3 mi Public 7-12 1 3
      Student Choice High School Tatum Campus 1.4 mi Public 9-12 0 3
      Aaec Paradise Valley 1.7 mi Public 9-12 0 0
      Esperanza Community Collegial Academy 1.8 mi Public 9-12 0 0
      Vista Verde Middle School 1.9 mi Public 7-8 2-5 3
      Foothills Elementary School 1.9 mi Public K-6 2 4
      Campo Bello Elementary School 1.9 mi Public K-6 3 2
      Milestones Charter School 2.2 mi Public PRESCHOOL-8 2-5 3
      Larkspur Elementary School 2.3 mi Public PRESCHOOL-6 2-5 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 85032 (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.