About Florence Arizona Homes
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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.
Prices / SqFt…
Our April was $219,450, up 11.8% from $196,345 in April of 2019 and up 1.4% from $216,450 last month.
We can currently see (122) homes available in Florence today.
Florence Arizona ~ Newest Listings
Florence Arizona ~ Monthly Market Report
April property sales were 84, up from 74 in April of 2019 and -10.6% lower than the 94 sales last month. April 2020 sales were at their highest level compared to April of 2019 and 2018. April YTD sales of 294 are running 23.0% ahead of last year’s year-to-date sales of 239.
The median sales price in April was $219,450, up 11.8% from $196,345 in April of 2019 and up 1.4% from $216,450 last month. The average sales price in April was $234,881, up 8.8% from $215,837 in April of 2019 and up 2.6% from $228,829 last month. April 2020 ASP was at highest level compared to April of 2019 and 2018.
The total inventory of properties available for sale as of April was 174, up 14.5% from 152 last month and up 20.8% from 144 in April of last year. April 2020 Inventory was at highest level compared to April 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 April was 39, down from 50 days last month and down from 59 days in April of last year. The April 2020 DOM was at its lowest level compared with April of 2019 and 2018.
Selling Price / 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 April 2020 selling price per square foot of $134 was up 4.7% from $128 last month and up 14.5% from $117 in April 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 April 2020 selling price vs list price of 98.2% was up from 98.0% last month and up from 97.8% in April 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 – We are located next to Paradise Valley (See Map Here) ~ You can also find us at Paradise Valley Homes 🙂