About Biltmore Arizona Homes
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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.
We can currently see (86) homes available in Biltmore today.
Our Median Sales Price in May was $420,000, up 12.7% from $372,750 in May of 2019 and up 0.1% from $419,500 last month. The average sales price in May was $633,403, up 33.1% from $475,719 in May of 2019 and up 4.9% from $603,965 last month. May 2020 ASP was at highest level compared to May of 2019 and 2018.
Our May property sales were 20, down from 54 in May of 2019 and -23.1% lower than the 26 sales last month. May 2020 sales were at their lowest level compared to May of 2019 and 2018. May YTD sales of 134 are running -33.3% behind last year’s year-to-date sales of 201. (See more Market Report below photos)
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 – We are located next to Paradise Valley (See Map Here) ~ You can also find us at Arizona Luxury Homes 🙂
Some Real Estate listings in 85016, Phoenix, AZ
Monthly Market Report
The total inventory of properties available for sale as of May was 108, up 9.1% from 99 last month and down -31.2% from 157 in May of last year. May 2020 Inventory was at the lowest level compared to May of 2019 and 2018.
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 May was 34, down from 67 days last month and down from 49 days in May of last year. The May 2020 DOM was at its lowest level compared with May of 2019 and 2018.
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 May 2020 selling price per square foot of $290 was up 12.0% from $259 last month and up 21.8% from $238 in May of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their 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 May 2020 selling price vs list price of 95.4% was down from 95.7% last month and up from 93.2% in May of last year.