Biltmore Arizona Homes
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Homes | Luxury | New | Condos | Townhomes | Open House | Market Report
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.
Prices…
Our Median Sales Price in August was $590,000, up 20.3% from $490,250 in August of 2020 and down -6.2% from $628,950 last month. The average sales price in August was $785,737, up 26.0% from $623,641 in August of 2020 and up 3.1% from $762,317 last month. August 2021 ASP was at highest level compared to August of 2020 and 2019. (See more market report below photos)
We can currently see (50) homes available in Biltmore today.
Biltmore Arizona Homes ~ Newest Listings
Biltmore Arizona Homes ~ Market Report
Sales
Our August property sales were 47, down from 58 in August of 2020 and 46.9% higher than the 32 sales last month. August 2021 sales were at a mid level compared to August of 2020 and 2019. August YTD sales of 368 are running 31.9% ahead of last year’s year-to-date sales of 279.
Inventory
The total inventory of properties available for sale as of August was 76, up 10.1% from 69 last month and up 5.6% from 72 in August of last year. August 2021 Inventory was at a mid range compared to August of 2020 and 2019.
Market Time
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 28, up from 21 days last month and down from 64 days in August of last year. The August 2021 DOM was at its lowest level compared with August of 2020 and 2019.
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 2021 selling price per square foot of $349 was down -3.1% from $360 last month and up 22.5% from $285 in August of last year.
Contact Us
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 🙂
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
