Here is your Bellasera Market Update for JUNE 2017:

FOR SALE

7

- Average Asking Price

$665,200

- Average Square Feet

2,754

- Average Asking Price per Sq. Foot

$244

- Average Days on Market

112

- SHORT SALES – LENDER OWNED

0

 

 

PENDING

4

- Average Asking Price

$751,255

- Average Square Feet

3,040

- Average Asking Price per Sq. Foot

$248

- Average Days on Market

199

- SHORT SALES – LENDER OWNED

0

SOLD 2017*

24

- Average Sales Price

$583,075

- Sales Price to List Price

97%

- Average Square Feet

2,573

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

121

- Lowest Sale Price

$420,000

- Highest Sale Price

$835,000

- SHORT SALES – LENDER OWNED

0

 

 

SOLD 2016*

26

- Average Sales Price

$601,558

- Sales Price to List Price

96%

- Average Square Feet

2,639

- Average Sales Price per Sq. Foot

$232

- Average Days on Market

139

- Lowest Sale Price

$390,000

- Highest Sale Price

$875,000

- SHORT SALES – LENDER OWNED

0

 

 

The attached spreadsheets shows the homes that are FOR SALEPENDING, and SOLD byFLOORPLAN.

The number of homes currently FOR SALE in the Valley are:  18,848 - compared to MAY of 19,010.

There are 12,032 homes currently under contract compared to MAY of 13,076.

9,824 homes SOLD in MAY in the Valley compared to APRIL of 8,803 (out of the 8,803 homes that sold last month – only 896 homes sold over $500,000 (9%.)

THE MARKET:

Bellasera is on track to have a great year – 24 homes have sold with 4 homes pending for a total of 28 homes sold during the first 6 months.  Out of 360 homes, only 7 are for sale. 

Out of the 18,848 homes currently for sale in the Valley, there are:

  1.    13,261 homes listed up to $500,000 w/10,461 homes that are single detached
  2.     5,613 homes listed over $500,000 w/5,243 homes that are single detached

It is a good time to be a Seller.

From ARMLS STAT REPORT for APRIL 2017  published MAY 23, 2017:

Sales volume in April 2017 was down 4.9% from March 2017. But, if you read the projections from last month, a month-over-month decline was expected as March had 23 business days while April only had 20. When we compare April 2016 to April 2017, sales volume this year was 4.5% higher. Our biggest concern is and remains the supply of homes below $200,000. In Maricopa County, we currently have only 3,229 listings for homes below $200,000. In April, 2,546 homes listed below $200,000 sold.

Sales volume for the first four months of 2017 is 9.4% higher than 2017, with 30,149 sales in 2017 compared to 27,554 for the first 4 months of 2016.

Charts below are through “APRIL 2017”:

april17-1

             -4.9% Month-over-Month                                                              +4.5% Year-over-Year

june17-2

                         MSI – MARCH 2.70                                                         MSI – APRIL  2.79

june17-3

                 -2 days Month-over-Month                                                  -2 days Year-over-Year

june17-4

                 Year-over-year average  +7.5%                                    Year-over-year median  +5.4%

CHART COMPARISON: BELLASERA  TERRAVITA – WINFIELD  

 

FOR SALE /

AVG. SQ FT

PENDING/

AVG. SQ. FT

TOTAL SOLD 2017 /

AVG. SQ. FT.

SOLD-SHORT SALE-LENDER OWNED

Bellasera (360 homes)

 7

$244

      4

    $248

  24

$232

                  0

Terravita (1,380 homes)

36

$262

               9

          $251

  35

$256

                  1

Winfield (511 homes)

 

  (*Custom Homes)

18

$234

    *3 - $258

               9

          $236

    *1 -$270

   16

$221

                  *0

                  0

 (Data from the Arizona Regional MLS (FLEX MLS) and subject to change – Information as of 6/3/17).

Below is a chart that just includes the Zip Code of 85266:

 

85266 Zip Code

 

FOR SALE

 

 

          252

 

PENDING

 

 

58

 

TOTAL SOLD 2017

 

 

173

SOLD

SHORT SALE-

LENDER OWNED

 

1

 

 

Average Price Per Sq. Ft.

 

 

$278

      

 

    $247

 

 

$234

 

 

$192

    *All Averages Includes

            Custom Homes

       

  *SEE ATTACHED          

MARKET SUMMARY

            REPORT

If you  want to downsize or upsize or buy a new build, give us a call –  we list and sell in many areas of the Valley.

Go to:  www.joanwallacehomes.com or www.stevewallacehomes.com

 

 TO SEARCH FOR HOMES - CLICK HERE

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