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: 32.07Married: 50%Number of Households: 12,614Households with Children: 5,798
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)