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 (33) active properties available in New River today.
Sales
The Median Sales Price in August was $599,000, up 46.3% from $409,545 in August of 2020 and up 12.0% from $535,000 last month. The average sales price in August was $564,229, up 25.5% from $449,451 in August of 2020 and up 3.6% from $544,811 last month. August 2021 ASP was at highest level compared to August of 2020 and 2019. (See more Market Report below photos)
New River Homes ~ Newest Listings
New River Homes ~ Monthly Market Report
Sales
August property sales were 17, down from 22 in August of 2020 and -10.5% lower than the 19 sales last month. August 2021 sales were at their lowest level compared to August of 2020 and 2019. August YTD sales of 154 are running 2.7% ahead of last year’s year-to-date sales of 150.
Inventory
The total inventory of properties available for sale as of August was 40, up 8.1% from 37 last month and up 37.9% from 29 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 23, down from 31 days last month and down from 32 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 $233 was down -9.3% from $257 last month and up 33.9% from $174 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 Paradise Valley Homes 🙂
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
