By SAM LAWMASTER, REALTOR 11/11/2016 9:00 AM MST
1,138 home sales have closed in Avondale year to date through October 31, 2016, and the average closed sale price $200,900 is an increase of 9% over the average price fom this time a year ago. In 2015 through October, 1,150 sold properties were recorded in Avondale, a 1% gain in total number of sold listings (12 more closed sales over last year). The most active price range, with 352 homes sold, was between $200,000 - $250,000.
Through the end of October 2016, the city of Avondale recorded 1,650 active properties for sale this year. With a total 539 homes for sale, the $200,000-$250,000 price bracket posted one the greatest numbers of units listed. Compared to the same time period during 2015, which reported 1,645 homes for sale, Avondale posted a small 0.3% increase in the overall amount of active residential listings, remaining relatively flat. The 2016 average active list price of $209,886 added 8.5% above the average listed price of $193,437 from 2015 through October. Houses for sale are taking longer to sell this year on average. When compared to this period during 2015, the cumulative days on market, which is the time is takes from listing to close of escrow, rose 17.5%. Well priced homes and other factors can reduce the amount of time on market. Many homes listed for sale in Avondale sold well below the average of 57 days.
Sam Lawmaster is an Avondale Realtor who works with both buyer and sellers. He specializes in first time home buyers, relocations, and listings. To receive current local real estate market info or to obtain a free no obligation evaluation of your current property, please contact Sam Lawmaster with Realty ONE Group at (602) 680-8096 or TheLawmasters@gmail.com. Stats provided by the Arizona Regional Multiple Listing Service (ARMLS) and are considered reliable but not guaranteed; percent changes rounded.