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 (17) active properties available in Rio Verde Homes today.
The Median Sales Price in August was $750,000, up 52.3% from $492,500 in August of 2020 and down -3.8% from $780,000 last month. The average sales price in August was $800,875, up 43.9% from $556,675 in August of 2020 and down -13.3% from $924,256 last month. August 2021 ASP was at highest level compared to August of 2020 and 2019. (more Market Report below photos)
Rio Verde Homes ~ Newest Listings
Rio Verde Homes ~ Monthly Market Report
August property sales were 16, down from 21 in August of 2020 and 6.7% higher than the 15 sales last month. August 2021 sales were at a mid level compared to August of 2020 and 2019. August YTD sales of 163 are running 75.3% ahead of last year’s year-to-date sales of 93.
The total inventory of properties available for sale as of August was 19, down -5.0% from 20 last month and down -67.2% from 58 in August of last year. August 2021 Inventory was at the lowest level compared to August 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 August was 26, down from 40 days last month and down from 143 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 $332 was down -8.3% from $362 last month and up 37.2% from $242 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 🙂