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 (171) homes available today in Litchfield Park.
January Property sales were 39, down 15.2% from 46 in January of 2018 and 31.6% lower than the 57 sales last month. January 2019 sales were at a mid level compared to January of 2018 and 2017. January YTD sales of 39 are running 15.2% behind last year’s year-to-date sales of 46.
The Median Sales Price in January was $294,000, up 0.2% from $293,414 in January of 2018 and down 7.3% from $317,000 last month. The Average Sales Price in January was $334,752, down 4.6% from $350,804 in January of 2018 and down 6.6% from $358,368 last month. January 2019 ASP was at a mid range compared to January of 2018 and 2017.
The Total Inventory of Properties available for sale as of January was 198, up 23.0% from 161 last month and up 40.4% from 141 in January of last year. January 2019 Inventory was at its highest level compared with January of 2018 and 2017.
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 59, up 3.5% from 57 days last month and down 29.8% from 84 days in January of last year. The January 2019 DOM was at its lowest level compared with January of 2018 and 2017.
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 2019 Selling Price per Square Foot of $146 was up 1.5% from $144 last month and up 8.6% from 135 in January 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 January 2019 Selling Price vs Original List Price of 96.3% was up from 95.6% last month and up from 95.3% in January 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