By SAM LAWMASTER, REALTOR 11/16/2016 7:00 AM MST
Litchfield Park, AZ recorded 579 property sales year to date through October 2016, and the average closed sales price of $301,200 rose 12% above the average price of $269,000 from the same period one year ago. The total amount of sold residential listings in Litchfield Park experienced a 6.6% rise from the same time range last year, which had a volume of 543 sold homes, a year-to-year net advance of 36 completed transactions. With 117 residential property sales year to date, the $300K-$400K price bracket saw one of the greatest numbers of completed sales.
Litchfield Park showed 926 active property listings in 2016 so far through October 31. Like sold homes, the $300K-$400K price bracket was the most active logging 200 homes listed for sale. When compared to this time one year ago, which posted 950 residences for sale, Litchfield Park saw a 2.5% fall in the overall inventory of active residential listings, a net decline of 24 homes. The area's year-to-date average active list price posted an increase of 9.5% compared to the same time range in 2015, rising to $356,600. Home listings are requiring more days on market to sell this year on average. The cumulative days on market (CDOM) for active homes for sale in Litchfield Park, which is the time from listing to close of escrow, was 85 days, a rise of 16.4%.
Sam Lawmaster is a Litchfield Park REALTOR who specializes in assisting buyers in fining their perfect home. For the most recent local real estate info or to request a complimentary evaluation of your current property, please contact Sam Lawmaster with Realty ONE Group at (602) 680-8096 or TheLawmasters@gmail.com. Stats courtesy of Arizona Regional Multiple Listing Service and deemed reliable but not guaranteed; percentages rounded.
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