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 (45) active properties available in New River today.
The Median Sales Price in December was $460,500, up 15.1% from $400,000 in December of 2019 and up 4.7% from $440,000 last month. The average sales price in December was $484,325, up 20.2% from $402,976 in December of 2019 and up 5.5% from $458,970 last month. December 2020 ASP was at highest level compared to December of 2019 and 2018. (See more Market Report below photos)
New River Homes ~ Newest Listings
New River Homes ~ Monthly Market Report
December property sales were 12, down from 17 in December of 2019 and -42.9% lower than the 21 sales last month. December 2020 sales were at their lowest level compared to December of 2019 and 2018. December YTD sales of 223 are running 10.9% ahead of last year’s year-to-date sales of 201.
The total inventory of properties available for sale as of December was 22, down -4.3% from 23 last month and down -48.8% from 43 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 13, down from 37 days last month and down from 55 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 $218 was up 4.8% from $208 last month and up 29.8% from $168 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 Paradise Valley Homes 🙂