All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2017 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
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.