New River Homes
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New River Arizona Homes are found approx 20 minutes North of Phoenix between Anthem and Carefree, Arizona. Your Search Results will appear below showing the “Newest Listings” first.
There are currently (48) active properties available in New River today.
The Median Sales Price in August was $409,545, down -3.6% from $424,990 in August of 2019 and up 6.8% from $383,490 last month. The average sales price in August was $449,451, up 4.1% from $431,726 in August of 2019 and up 7.0% from $420,112 last month. August 2020 ASP was at highest level compared to August of 2019 and 2018. (See more Market Report below photos)
New River Homes ~ Newest Listings
New River Homes ~ Monthly Market Report
August property sales were 22, up from 21 in August of 2019 and -4.3% lower than the 23 sales last month. August 2020 sales were at a mid level compared to August of 2019 and 2018. August YTD sales of 150 are running 4.2% ahead of last year’s year-to-date sales of 144.
The total inventory of properties available for sale as of August was 35, up 59.1% from 22 last month and down -32.7% from 52 in August of last year. August 2020 Inventory was at the lowest level compared to August 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 August was 32, down from 41 days last month and down from 69 days in August of last year. The August 2020 DOM was at its lowest level compared with August 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 August 2020 selling price per square foot of $174 was down -1.7% from $177 last month and down -2.2% from $178 in August 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 Paradise Valley Homes 🙂