Rio Verde Homes
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Rio Verde Arizona Homes are found on the East Side of North Scottsdale, and North of Fountain Hills, Arizona. Your Search Results will appear below showing the “Newest Listings” first.
There are currently (65) active properties available in Rio Verde Homes today.
The Median Sales Price in August was $492,500, down -9.2% from $542,500 in August of 2019 and up 7.3% from $459,000 last month. The average sales price in August was $556,675, down -5.6% from $590,000 in August of 2019 and down -10.1% from $619,141 last month. August 2020 ASP was at a mid range compared to August of 2019 and 2018. (more Market Report below photos)
Rio Verde Homes ~ Newest Listings
Rio Verde Homes ~ Monthly Market Report
August property sales were 21, up from 4 in August of 2019 and 23.5% higher than the 17 sales last month. August 2020 sales were at their highest level compared to August of 2019 and 2018. August YTD sales of 93 are running -5.1% behind last year’s year-to-date sales of 98.
The total inventory of properties available for sale as of August was 63, down -1.6% from 64 last month and up 31.3% from 48 in August of last year. August 2020 Inventory was at highest 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 143, up from 95 days last month and down from 214 days in August of last year. The August 2020 DOM was at a mid range 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 $242 was equal to $242 last month and up 37.5% from $176 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 🙂