About New River Arizona Homes
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New River Arizona Homes are found approx 20 minutes North of Phoenix between Anthem and Carefree, 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.
There are currently (111) active properties available in New River today. New River has a population of 8,713, with an average age of 43, and average home value of $411,754.
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
Some Real Estate listings in New River, AZ
Monthly Market Report
May property sales were 28, up from 17 in May of 2018 and 100.0% higher than the 14 sales last month. May 2019 sales were at their highest level compared to May of 2018 and 2017. May YTD sales of 75 are running -10.7% behind last year's year-to-date sales of 84.
The median sales price in May was $376,500, down -3.5% from $390,000 in May of 2018 and down -6.8% from $404,000 last month. The average sales price in May was $390,139, down -1.8% from $397,234 in May of 2018 and down -3.1% from $402,631 last month. May 2019 ASP was at a mid range compared to May of 2018 and 2017.
The total inventory of properties available for sale as of May was 74, up 27.6% from 58 last month and down -1.3% from 75 in May of last year. May 2019 Inventory was at a mid range compared to May 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 May was 100, up from 89 days last month and up from 99 days in May of last year. The May 2019 DOM was at its highest level compared with May 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 May 2019 selling price per square foot of $167 was down -6.2% from $178 last month and down -0.6% from $168 in May 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 May 2019 selling price vs list price of 95.2% was down from 96.1% last month and down from 95.5% in May of last year.