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 (153) homes available in Biltmore today.
August Property sales were 78, up 1.3% from 77 in August of 2017 and 2.6% higher than the 76 sales last month. August 2018 sales were at their highest level compared to August of 2017 and 2016. August YTD sales of 608 are running 3.8% ahead of last year’s year-to-date sales of 586.
The Median Sales Price in August was $357,450, up 17.3% from $304,700 in August of 2017 and up 10.0% from $325,000 last month. The Average Sales Price in August was $404,552, up 5.5% from $383,367 in August of 2017 and up 5.7% from $382,852 last month. August 2018 ASP was at the highest level compared to August of 2017 and 2016.
The Total Inventory of Properties available for sale as of August was 289, up 4.7% from 276 last month and up 21.9% from 237 in August of last year. August 2018 Inventory was at its highest level compared with August 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 August was 62, up 31.9% from 47 days last month and down 18.4% from 76 days in August of last year. The August 2018 DOM was at its lowest level compared with August 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 August 2018 Selling Price per Square Foot of $222 was up 4.8% from $212 last month and up 6.7% from 208 in August 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 August 2018 Selling Price vs Original List Price of 94.0% was down from 95.4% last month and up from 93.7% in August 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