About Rio Verde Arizona Homes
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Rio Verde Arizona Homes are found on the East Side of North Scottsdale, and North of Fountain Hills, 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 (63) active properties available in Rio Verde today. Rio Verde has a population of 2,110, with an average age of 64, and average home value of $542,724.
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
Coldwell Banker Residential Brokerage
Some Real Estate listings in Rio Verde, AZ
Monthly Market Report
August property sales were 9, down from 12 in August of 2018 and 50.0% higher than the 6 sales last month. August 2019 sales were at a mid level compared to August of 2018 and 2017. August YTD sales of 122 are running -14.7% behind last year's year-to-date sales of 143.
The median sales price in August was $355,000, down -9.0% from $390,000 in August of 2018 and down -32.1% from $522,500 last month. The average sales price in August was $443,889, up 5.0% from $422,705 in August of 2018 and down -14.4% from $518,457 last month. August 2019 ASP was at highest level compared to August of 2018 and 2017.
The total inventory of properties available for sale as of August was 58, up 9.4% from 53 last month and up 20.8% from 48 in August of last year. August 2019 Inventory was at a mid range compared to August 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 August was 113, up from 100 days last month and up from 112 days in August of last year. The August 2019 DOM was at a mid range compared with August 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 August 2019 selling price per square foot of $179 was down -19.0% from $221 last month and down -2.2% from $183 in August 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 August 2019 selling price vs list price of 91.2% was down from 97.6% last month and down from 93.7% in August of last year.