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. 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 (83) homes available in Biltmore today.
Our Median Sales Price in January was $325,000, up 6.2% from $306,000 in January of 2019 and down -20.5% from $409,000 last month. The average sales price in January was $380,240, down -8.6% from $416,220 in January of 2019 and down -28.5% from $532,082 last month. January 2020 ASP was at the lowest level compared to January of 2019 and 2018.
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
Some Real Estate listings in 85016, Phoenix, AZ
Monthly Market Report
January property sales were 53, down from 62 in January of 2019 and -18.5% lower than the 65 sales last month. January 2020 sales were at a mid level compared to January of 2019 and 2018. January YTD sales of 53 are running -14.5% behind last year's year-to-date sales of 62.
The median sales price in December was $427,000, up 23.7% from $345,275 in December of 2018 and up 40.0% from $304,950 last month. The average sales price in December was $535,630, up 22.1% from $438,777 in December of 2018 and up 21.8% from $439,661 last month. December 2019 ASP was at highest level compared to December of 2018 and 2017.
The total inventory of properties available for sale as of January was 182, up 5.8% from 172 last month and down -39.5% from 301 in January of last year. January 2020 Inventory was at the lowest level compared to January 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 January was 50, down from 84 days last month and down from 82 days in January of last year. The January 2020 DOM was at its lowest level compared with January 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 January 2020 selling price per square foot of $232 was down -10.1% from $258 last month and up 1.3% from $229 in January 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 January 2020 selling price vs list price of 95.9% was up from 94.0% last month and up from 94.6% in January of last year.