About Florence Arizona Homes
Florence Arizona Homes are found in the SE Valley just SE of San Tan Valley and East of Coolidge, 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 (136) homes available in Florence today.
October Property sales were 38, up 2.7% from 37 in October of 2017 and 7.3% lower than the 41 sales last month. October 2018 sales were at a mid level compared to October of 2017 and 2016. October YTD sales of 584 are running 5.8% ahead of last year’s year-to-date sales of 552.
The Median Sales Price in October was $186,950, up 9.1% from $171,400 in October of 2017 and up 1.3% from $184,500 last month. The Average Sales Price in October was $202,022, up 5.7% from $191,214 in October of 2017 and up 7.8% from $187,464 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 150, up 21.0% from 124 last month and up 4.2% from 144 in October of last year. October 2018 Inventory was at a mid 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 40, down 33.3% from 60 days last month and down 45.2% from 73 days in October of last year. The October 2018 DOM was at its lowest 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 $114 was up 5.3% from $109 last month and up 26.0% from 91 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 97.6% was up from 97.1% last month and up from 96.6% 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 advisor 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