About Biltmore Arizona Homes
Beautiful Biltmore Arizona Homes are found in the 85016 Zip Code of Phoenix, Arizona. Your Search Results will appear below showing the “Newest Listings” first. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (185) homes available in Biltmore today.
October Property sales were 72, up 12.5% from 64 in October of 2017 and 12.5% higher than the 64 sales last month. October 2018 sales were at their highest level compared to October of 2017 and 2016. October YTD sales of 744 are running 5.1% ahead of last year’s year-to-date sales of 708.
The Median Sales Price in October was $337,000, up 17.2% from $287,500 in October of 2017 and up 10.6% from $304,813 last month. The Average Sales Price in October was $397,813, up 0.8% from $394,463 in October of 2017 and up 20.5% from $330,010 last month. October 2018 ASP was at the highest level compared to October of 2017 and 2016.
The Total Inventory of Properties available for sale as of October was 322, up 13.4% from 284 last month and up 19.3% from 270 in October of last year. October 2018 Inventory was at its highest level compared with October of 2017 and 2016.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for October was 55, up 7.8% from 51 days last month and down 8.3% from 60 days in October of last year. The October 2018 DOM was at a mid level compared with October of 2017 and 2016.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The October 2018 Selling Price per Square Foot of $228 was up 5.5% from $216 last month and up 5.0% from 217 in October of last year.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The October 2018 Selling Price vs Original List Price of 93.6% was down from 95.1% last month and down from 95.8% in October of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955
Corey Frederic –
Coldwell Banker Residential Brokerage