Biltmore Arizona Homes
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Beautiful Biltmore Arizona Homes are found in the 85016 Zip Code of Phoenix, Arizona. Your Search Results will appear below showing the “Newest Listings” first.
Our Median Sales Price in September was $486,000, up 21.5% from $400,000 in September of 2019 and down -0.9% from $490,250 last month. The average sales price in September was $670,725, up 31.2% from $511,087 in September of 2019 and up 7.5% from $623,641 last month. September 2020 ASP was at highest level compared to September of 2019 and 2018. (See more market report below photos)
We can currently see (83) homes available in Biltmore today.
Biltmore Arizona Homes ~ Newest Listings
Biltmore Arizona Homes ~ Market Report
Our September property sales were 46, down from 53 in September of 2019 and -20.7% lower than the 58 sales last month. September 2020 sales were at a mid level compared to September of 2019 and 2018. September YTD sales of 325 are running -15.6% behind last year’s year-to-date sales of 385.
The total inventory of properties available for sale as of September was 97, up 31.1% from 74 last month and down -5.8% from 103 in September of last year. September 2020 Inventory was at the lowest level compared to September 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 September was 41, down from 64 days last month and up from 40 days in September of last year. The September 2020 DOM was at a mid range compared with September 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 September 2020 selling price per square foot of $296 was up 3.9% from $285 last month and up 17.9% from $251 in September 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 September 2020 selling price vs list price of 97.1% was up from 95.9% last month and up from 95.9% in September 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 – We are located next to Paradise Valley (See Map Here) ~ You can also find us at Arizona Luxury Homes 🙂