About Litchfield Park Arizona Homes
Litchfield Park Arizona Homes are found on the West Side of Glendale and North of Avondale, 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 (135) homes available today in Litchfield Park..
June Property sales were 81, up 1.3% from 80 in June of 2017 and 18.2% lower than the 99 sales last month. June 2018 sales were at their highest level compared to June of 2017 and 2016. June YTD sales of 424 are running 18.4% ahead of last year’s year-to-date sales of 358.
The Median Sales Price in June was $303,000, up 10.2% from $275,000 in June of 2017 and down 5.3% from $319,900 last month. The Average Sales Price in June was $321,635, down 3.0% from $331,495 in June of 2017 and down 6.4% from $343,741 last month. June 2018 ASP was at a mid range compared to June of 2017 and 2016.
The Total Inventory of Properties available for sale as of June was 169, up 11.2% from 152 last month and up 16.6% from 145 in June of last year. June 2018 Inventory was at its highest level compared with June 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 June was 30, down 34.8% from 46 days last month and down 40.0% from 50 days in June of last year. The June 2018 DOM was at its lowest level compared with June 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 June 2018 Selling Price per Square Foot of $141 was up 1.1% from $139 last month and up 4.2% from 135 in June 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 June 2018 Selling Price vs Original List Price of 98.1% was up from 97.3% last month and up from 97.0% in June 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