About San Tan Valley Arizona Homes
San Tan Valley Arizona Homes are found in the Southeast Valley, East of Queen Creek, all the way down to Florence, 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 (414) homes available in San Tan Valley today.
October Property sales were 180, down 13.0% from 207 in October of 2017 and 2.7% lower than the 185 sales last month. October 2018 sales were at a mid level compared to October of 2017 and 2016. October YTD sales of 2,098 are running 1.5% behind last year’s year-to-date sales of 2,130.
The Median Sales Price in October was $237,500, up 18.8% from $199,900 in October of 2017 and up 3.8% from $228,888 last month. The Average Sales Price in October was $254,453, up 18.6% from $214,549 in October of 2017 and up 7.3% from $237,155 last month. October 2018 ASP was at the highest level compared to October of 2017 and 2016.
The Total Inventory of Properties available for sale as of October was 431, up 33.0% from 324 last month and up 21.1% from 356 in October of last year. October 2018 Inventory was at its highest level compared with October 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 October was 37, up 15.6% from 32 days last month and down 14.0% from 43 days in October of last year. The October 2018 DOM was at its lowest level compared with October 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 October 2018 Selling Price per Square Foot of $127 was up 4.4% from $122 last month and up 16.8% from 109 in October 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 October 2018 Selling Price vs Original List Price of 98.1% was down from 98.3% last month and up from 98.0% in October 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