About El Mirage Arizona Homes

Homes | Land | Rentals | Open House

El Mirage Arizona Homes are found in the NW area just South of Surprise and Sun City, 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 (49) homes available in El Mirage today.

Property Sales
August Property sales were 39, down 36.1% from 61 in August of 2017 and 38.1% lower than the 63 sales last month. August 2018 sales were at their lowest level compared to August of 2017 and 2016. August YTD sales of 416 are running 3.7% ahead of last year’s year-to-date sales of 401.

Prices
The Median Sales Price in August was $198,000, up 9.4% from $181,000 in August of 2017 and down 2.0% from $202,000 last month. The Average Sales Price in August was $202,641, up 9.7% from $184,741 in August of 2017 and down 0.6% from $203,811 last month. August 2018 ASP was at the highest level compared to August of 2017 and 2016.

Inventory
The Total Inventory of Properties available for sale as of August was 57, down 1.7% from 58 last month and down 16.2% from 68 in August of last year. August 2018 Inventory was at a mid level compared with August of 2017 and 2016.

Market Time
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 22, up 57.1% from 14 days last month and down 37.1% from 35 days in August of last year. The August 2018 DOM was at a mid 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 $132 was up 1.5% from $130 last month and up 14.2% from 116 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 98.4% was down from 98.7% last month and up from 97.7% 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