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.
There are currently (70) active properties available in New River today.
Our February property sales were 13, down from 14 in February of 2019 and -13.3% lower than the 15 sales last month. February 2020 sales were at a mid level compared to February of 2019 and 2018. February YTD sales of 28 are running 27.3% ahead of last year’s year-to-date sales of 22.
The total inventory of properties available for sale as of February was 37, down -5.1% from 39 last month and down -36.2% from 58 in February of last year. February 2020 Inventory was at the lowest level compared to February of 2019 and 2018. (See more Market Report below photos)
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 🙂
Some Real Estate listings in New River, AZ
Monthly Market Report
The median sales price in February was $350,000, down -8.0% from $380,495 in February of 2019 and down -11.2% from $394,000 last month. The average sales price in February was $357,076, up 6.3% from $335,878 in February of 2019 and down -9.6% from $395,084 last month. February 2020 ASP was at a mid range compared to February 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 February was 58, down from 67 days last month and down from 126 days in February of last year. The February 2020 DOM was at its lowest level compared with February of 2019 and 2018.
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 February 2020 selling price per square foot of $177 was up 6.6% from $166 last month and up 14.9% from $154 in February of last year.