Real Estate Market Update for 85048 (Phoenix, AZ)
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Welcome to our 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 up 58% from one year earlier and up 18% 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 under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 34% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 260-thousand dollars. Overall, The number of units sold Increased 18% year-over-year and Increased 40% month-over-month These figures may indicate that buyers have been taking advantage of competitive pricing and interest-rates. 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 85048 (Phoenix, AZ)
Area Information for 85048 (Phoenix, AZ)
  • Community Character: Significant Percentage of Family Households, Moderate Residential Turnover, Large Area(s) of Government Designated Parkland
  • Population: 32,349
  • Median Age: 32.07 yr
  • Median Commute Time: 29.1 mins
  • Educational Climate*: 4
  • Recycling Likelihood**: 103
  • Sales Tax: 9.3%
  • Population Density: 936/sq mi
  • Population Change Since 2000: -1%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: University Of Advancing Tech
  • Closest Jr. College: South Mountain Comm Coll
  • Median Household Income: $96,896
  • Annual Residential Turnover: 23.08%
  • Median Years in Residence: 2.84 yr
  • Median Home Sales Price: $185,000
  • Closest Major Sports Team: Azl Angels (r) / Azl Dodgers (r)
  • Change Avg. Household Income Since 2000: 14%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for 85048 (Phoenix, AZ)
Median Age: 32.07 Married: 50% Number of Households: 12,614 Households with Children: 5,798
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 85048 (Phoenix, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Keystone Montessori Charter School 0.6 mi State K - 8 4-5 5
      Kyrene De La Sierra Elementary School 0.6 mi Public K - 5 5 5
      Kyrene De Los Cerritos Es 0.9 mi Public K - 5 4-5 5
      Kyrene Altadena Middle School 0.9 mi Public 5 - 8 5 4
      Kyrene Monte Vista Elementary School 2.3 mi Public K - 5 4-5 4
      Kyrene De La Estrella Elementary School 2.3 mi Public K - 5 4-5 4
      Kyrene Akimel A - Al Middle School 2.4 mi Public 5 - 8 4-5 4
      Desert Vista High School 2.9 mi Public 9 - 12 5 3
      Kyrene De Los Lagos Elementary School 3.3 mi Public K - 5 4-5 4
      Summit School - Ahwatukee 4.5 mi Private K - 8 0 5
      Kyrene Del Milenio Elementary School 4.7 mi Public K - 5 4 4
      St John Bosco Interparish School 4.9 mi Catholic K - 8 0 4
      Horizon Community Learning Center 4.9 mi State K - 12 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 85048 (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.