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 (23) active properties available in Rio Verde Homes today.
The Median Sales Price in May was $655,000, up 13.9% from $575,000 in May of 2020 and equal to $655,000 last month. The average sales price in May was $823,417, up 33.9% from $614,800 in May of 2020 and up 8.5% from $759,033 last month. May 2021 ASP was at highest level compared to May of 2020 and 2019. (more Market Report below photos)
Rio Verde Homes ~ Newest Listings
Rio Verde Homes ~ Monthly Market Report
May property sales were 24, up from 5 in May of 2020 and -11.1% lower than the 27 sales last month. May 2021 sales were at their highest level compared to May of 2020 and 2019. May YTD sales of 109 are running 127.1% ahead of last year’s year-to-date sales of 48.
The total inventory of properties available for sale as of May was 29, down -6.5% from 31 last month and down -60.3% from 73 in May of last year. May 2021 Inventory was at the lowest level 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 61, up from 27 days last month and down from 106 days in May of last year. The May 2021 DOM was at a mid range 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 $306 was up 10.1% from $278 last month and up 48.5% from $206 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 🙂