Real Estate Market Update for 85044 (Phoenix, AZ)

Video: Real Estate Community Tour for 85044 (Phoenix, AZ)

See Real estate community tour for 85044 (Phoenix, AZ)
Welcome to April'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 3% from one year earlier, and down 11% 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 310-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 240-thousand dollars. The number of units sold increased 1% year-over-year, and increased 67% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
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Map Information for 85044 (Phoenix, AZ)
Area Information for 85044 (Phoenix, AZ)
  • Population: 39,970
  • Median Age: 39.61 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 2,767/sq mi
  • Population Change Since 2000: 2.42%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: University Of Advancing Technology
  • Closest Jr. College: Lamson College
  • Median Household Income: $68,007
  • Annual Residential Turnover: 23%
  • Median Home Sales Price: $223,500
  • Closest Major Sports Team: Azl Angels (r)
  • Change Avg. Household Income Since 2000: 15.77%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 85044 (Phoenix, AZ)
Median Age: 39.61 Married: 41% Number of Households: 17,814 Households with Children: 4,781
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 85044 (Phoenix, AZ)

      School Name Distance Type Grades School Rating Parent Rating
      Kyrene De La Esperanza School 2.9 mi Public PRESCHOOL-5 4 0
      Ambassador Academy 3.2 mi Public K-6 5 0
      Kyrene Centennial Middle School 3.6 mi Public 6-8 3 0
      Kyrene De La Colina School 3.7 mi Public K-5 3 0
      Mountain Pointe High School 4.0 mi Public 9-12 2 3
      Desert Garden Montessori 4.7 mi Private PRESCHOOL-10 0 0
      Kyrene De Las Lomas School 4.9 mi Public PRESCHOOL-5 3 0
      Grace Garden Christian Preschool 5.6 mi Private PRESCHOOL-K 0 0
      Basis Ahwatukee 5.9 mi Public 5-10 5 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 © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 85044 (Phoenix, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.