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By SAM LAWMASTER, REALTOR 11/15/2016 7:00 AM MST
The city of Surprise recorded 4,697 active property listings so far in 2016 through the month of October. Reporting 1,389 homes for sale the 200,000-249,999 price bracket posted one of the greatest numbers of units. The total amount of active listings in Surprise experienced a 4.7% increase when compared to this time range last year, which showed 4,488 for sale properties, a year-to-year net advance of 209 residential homes. The area's average year-to-date active list price showed a rise of 6.8% when compared to this time period one year ago, advancing to $239,890. The cumulative days on market (CDOM) for active home listings in Surprise was 63 days through October 31, a 6.0% reduction from the average in comparison to this period in 2015. Houses for sale are taking less time to sell this year on average.
Surprise showed a total of 3,085 residential listings sold year to date as of October 2016 as the average closed sales price of $222,650 recorded an increase of 6.3% over the average price of $209,497 from this time period a year ago. The total volume of sold listings in Surprise recorded a 5.9% gain from the same time period one year ago, which showed a volume of 2,912 sold properties, a net advance of 173 closed sales transactions. The 200,000-249,999 price category saw one of the greatest numbers of property sales this year with 930 closed transactions.
Sam Lawmaster is a Surprise real estate agent specializing in residential listings. Info courtesy of Arizona Regional Multiple Listing Service and deemed accurate but not guaranteed; percent changes rounded. To receive current local real estate market info or to obtain a free evaluation of your current property, please contact Sam Lawmaster with Realty ONE Group at (602) 680-8096 or TheLawmasters@gmail.com.