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 December was $432,000, down -9.1% from $475,000 in December of 2019 and down -8.6% from $472,500 last month. The average sales price in December was $571,902, down -0.3% from $573,857 in December of 2019 and down -3.6% from $593,016 last month. December 2020 ASP was at a mid range compared to December of 2019 and 2018. (See more market report below photos)
We can currently see (56) homes available in Biltmore today. (inventory is falling)
Biltmore Arizona Homes ~ Newest Listings
Biltmore Arizona Homes ~ Market Report
Our December property sales were 56, up from 39 in December of 2019 and equal to 0.0% 56 sales last month. December 2020 sales were at their highest level compared to December of 2019 and 2018. December YTD sales of 482 are running -4.9% behind last year’s year-to-date sales of 507.
The total inventory of properties available for sale as of December was 76, down -1.3% from 77 last month and down -9.5% from 84 in December of last year. December 2020 Inventory was at the lowest level compared to December 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 December was 41, up from 26 days last month and down from 61 days in December of last year. The December 2020 DOM was at its lowest level compared with December 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 December 2020 selling price per square foot of $284 was down -1.0% from $287 last month and up 10.5% from $257 in December 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 🙂