New River Homes
We Love doing Live VIDEO Previews! Our New River Homes Buyer Service is FREE! Property Alerts Here 🙂
(See All Other Cities Here)
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 (42) active properties available in New River today.
The Median Sales Price in May was $510,000, up 18.6% from $430,000 in May of 2020 and down -4.7% from $535,000 last month. The average sales price in May was $506,646, up 22.8% from $412,414 in May of 2020 and down -6.8% from $543,387 last month. May 2021 ASP was at highest level compared to May of 2020 and 2019. (See more Market Report below photos)
New River Homes ~ Newest Listings
New River Homes ~ Monthly Market Report
May property sales were 18, up from 14 in May of 2020 and -5.3% lower than the 19 sales last month. May 2021 sales were at a mid level compared to May of 2020 and 2019. May YTD sales of 90 are running equal to last year’s year-to-date sales of 90.
The total inventory of properties available for sale as of May was 40, up 42.9% from 28 last month and up 17.6% from 34 in May of last year. May 2021 Inventory was at a mid range compared to May of 2020 and 2019.
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 May was 20, down from 35 days last month and down from 23 days in May of last year. The May 2021 DOM was at its lowest level compared with May 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 May 2021 selling price per square foot of $241 was up 16.4% from $207 last month and up 27.5% from $189 in May 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 🙂