RECENT CHEATHAM FARMS HOMES SOLD

Recent Cheatham Farms Homes Sold is a page dedicated to help folks specifically interested in the Cheatham farms community.  Information given here will help both buyers and sellers with values in the area by looking at recent Cheatham farms homes sold.  Most homes in the Cheatham farms community were built between 2003 and 2005.  Square footage for homes in the subdivision varies from the low 1300 square foot range to as much as 3600 square feet.

Recent Cheatham farms homes sold statistics can be viewed below and will be updated on a monthly basis.  This can give you an idea if the time is right for selling your Cheatham farm home.  If you would like a FREE home valuation, just click here to request.

Month ending September 2017

9 active properties for sale

11 properties under contract

5 properties sold last 30 days

$200,000 was low sale

$228,400 was average sale price

$265,000 was the high sale price

25 was average days on market

Commentary – Seller market continues, with all indicators at this point showing no change.  Interesting though, longest homes actively on market is 96 days, while longest sale took 36 days.  Difference is VERY likely the asking price.  In Laveen, homes are mostly selling with financing, so a APPRAISAL WILL BE REQUIRED!  Home will not sell over market value, and I recommend to market as such.  It will take less time to sell, and also, you likely will get a better offer.

 

Month ending August 2017

10 properties for sale

6 properties under contract

8 properties sold in August

$180,549 was low sale

$238,262 was average

$347,000 was the high sale

57 was average time on market

Comments – Well, the seller market continues.  Homes are selling, and most are doing so relatively quickly, except for those that are of course, overpriced.  Homes price well, or slightly under, are selling within a week!

Month ending July 2017

6 properties currently for sale

12 properties under contract

7 sold properties in the month of July

$179,000 was the low sale

$234,071 was the average

$270,000 was the high sale

43 was average time to sell

Commentary – At this point, Cheatham Farms is showing a TRUE low level of inventory, with this last month having the 7 sales, and only 6 active listings.  Yet, Cheatham Farms does fluctuate a little with its inventory, and will likely go up a bit this next month.  Yet, the numbers do show, it is a great time to sell as buyers have to compete for available homes.

Month ending June 2017

8 properties currently for sale

10 properties under contract

10 successful sales for June

$188,500 was low sale

$258,890 was average

$360,000 was the high sale

73 was average time to sell

Commentary – Not much different than before, it continues to be a seller market, and a great time to sell.  Buyers are buying, and sellers that price their home WELL, get there homes sold pretty quick.  If not priced well, they can sit on market.  Currently 1 home is over 200 days on market.

 

Month ending April 2017

14 properties for sale at this time

14 properties currently under contract

7 properties sold in April

2 months inventory

$189,900 low sale

$292,000 was high sale

$209,277 was average sale price

38 was average days on market

Commentary – Not much change really, real estate in Laveen just like in Cheatham continues pretty steady.  Inventory is low, it continues as a seller market.  Values are steady, with slow appreciation.

 

Month ending March 2017

12 homes for sale

13 homes under contract

8 homes sold in March 2017

$199,000 was the low sale

$222,000 was average

$250,000 was the high

46 was average days on market for sold homes

Commentary – Unlike last month, with all the closings we had in March the cheatham farm subdivision is now a seller market.  Looks like we will also have a good month for closings in April, with a good number of homes under contract.

Good time to sell!  Values are up, inventory is low.

Month ending February 2017

12 homes currently for sale

14 homes under contract

1 properties sold in February

$176,000 was the sale price

54 was days on market

Commentary – At this point, at this time, it is a buyer market in the cheatham farm subdivision.  Yet, this is an anomaly, and likely we will see it change quick after we see the 14 deals under contract close during March.

Month ending January 2017

11 homes currently for sale

7 homes under contract

5 homes sold in January

2.20 is current market inventory

$185,000 was low sale

$274,900 was high sale

$207,510 was average sale price

38 was time to sell

Commentary – Well, you can see with average time to sell at 38 days homes are going pretty quick.  It is a seller market for the subdivision, as it is for all Laveen.  Interestingly, not one sold for over list price.  Yet several homes sold did have price drops.  What does that tell a potential home seller?  Well, it tells me make sure to study the market and decide most likely sale price.  Market it at likely sale price, because homes that are selling, are not getting over asking, which indicates buyers are only paying market value.

At a side note, time on market for active listings and some under contract is indeed LONGER that those that sold.

Month ending December 2016

8 properties for sale

11 properties under contract

7 properties sold in December

1.14 is current market inventory

51 was average days on market

$222,429 was average sale price

$184,000 was low sale

$318,000 was the highest sale price

Seller market continues for homes in Cheatham Farms.  Really not much to add, the market continues in early 2017 the way it was for most of 2016.  It is a great time to sell, as values did increase, and it is still great time to buy as interest are still low.

 

Month ending November 2016

6 properties for sale

14 properties under contract

9 properties sold in November 2016

$180,000 was the low sale

$235,000 was the high sale

$202,760 was the average sale price

103 was average time to sell

It is a seller market, and has pretty much followed the trend like the rest of Laveen.  Inventory continues low, and as such it is a good time to sell, a time when sellers can try to negotiate the best offer.  This year did see at times, multiple offers on properties.  This mostly, was on homes in the lower price ranges.

Month ending October 2016

9 homes currently for sale

17 properties currently under contract

8 properties sold in October

$175,000 was the low sale

$287,900 was the high sale

$232,275 was the average

91 was average time on market for homes sold

Much like rest of Laveen, Cheatham farms is experiencing a seller market.  Values continue to hold steady, and see some slight appreciation.

 

Month ending September 2016

10 properties currently for sale

16 properties under contract

8 homes sold in September

$187,500 was the low sale price

$322,500 was the high sale price

$226,862 was the average

1.25 is current absorption or inventory

Continues to be a great time for sellers to sell, with a low inventory buyers are competing for available homes.  That competition is seen more so in the under $200K range, but all the same, it is there even in the mid 200’s as well.  Pricing right will get the home sold.

Month ending August 2016

8 properties for sale

19 homes under contract

9 homes sold in August

61 was average days to sell

$226,167 was average sale price

$162,000 was low sale

$332,000 was high sale

.88 is inventory

Sellers market in Cheatham at this time. Like most of Laveen Arizona, Cheatham Farms is in a seller’s market.  This means, if you are considering selling, and you’re happy with what you’d get out of it, then it is a GREAT time to sell.  There is low inventory, so less competition for the buyers.  You could NET more if things are done right.

 

Month ending July 2016

15 properties currently for sale

14 properties currently under contract

9 properties sold in July 2016

$225,089 was average sale price for July

$169,000 was the low sale price

$340,000 was the high sale price

1.66 is the current absorption rate or market inventory – favors sellers

49 was average days to sell

 

Month ending June 2016

17 properties currently for sale

14 properties under contract

4 homes sold June 2016

$168,000 was the low sale

$195,000 was the high sale

$183,000 was average

41 was average time to sell for those homes sold

 

Month ending May 2016

14 properties for sale at this time

14 properties  currently under contract

5 homes sold in the Cheatham Farms subdivision May 2016

$182,000 was the low sale price

$280,000 was the high sale

$228,700 was the average sale price

110 was average days on market

 

 

Month ending April 2016

11  properties for sale

9 homes under contract

7 homes sold in April 2016

$156,700 was low sale

$224,000 was the high sale

$189,677 was average

20 was average days on market for homes that sold

Notice how quick some of the homes sold in the last month.  It is a seller market, and often in a seller market you will have buyers compete a bit for the purchase of a home.  Yet when looking at Laveen, homes are on average still selling for under list price.  Homes here though, appear to be selling much faster than the average for Laveen.  Chances are good because it is a popular price range, and area.

Month ending March 2016

10 active homes for sale

11 homes under contract

7 properties sold March 2016

$148,000 was the low sale

$287,000 was the high sale

$215,071 was the average

74 was average days to sell

95 is average days on market for the active homes

Yes, sellers market in most of Laveen and that goes for Cheatham Farms as well.  The inventory in subdivision is low, and buyers are having to compete for those listings.  Yet, based on sold homes in March, homes still did on average sell beneath the list price, almost $3000 less.  So make sure to price right, if not you will have issues with no traffic to see home and also be on market longer than the average it has taken other sales to happen.

Month ending February 2016

9 active homes on market for sale

11 properties under contract

7 properties sold in February 2016

$153,000 was the low sale

$220,000 was the high sale

$182,400 was the average sale price

140 was average days on market for homes sold

59 is average day for current homes for sale

Today, we see how a number can skew the stats for an area.  One of the homes that sold in February 2016 was on the market for 513 days.  They started the sale $40,000 over what their final sale price was, which is to say almost 20% over last sale price.  Keep in mind home values went up a bit too, so it was likely closer to about 25/30% over priced initially.  So is it worth it in the end?  Only home owner will know, but follow my logic for a second.

  1.  You have a plan, some place you’ d like to move
  2. You still pay a monthly mortgage, in the above scenario likely about $1000 or more a month for 36 months.

Did they really end up making more money, or just getting where they wanted in a much slower way and walk away with maybe less money?

Month ending January 2016

Below are recent stats and short summary.

15 properties currently for sale

12 properties currently under contract

5 properties sold in January

$155,000 was the low sale

271,000 was the high sale

$191,580 was the average sale

91 was average days on market for homes in subdivision.

So, much like another subdivision I just summarized, Cheatham is a little longer in days on market than Laveen as a whole.  There is currently a seller/transitional market within the community, with a fair number of closings recently, and a good number under contract.  Appears Cheatham is pretty popular at this point in time.  Homes are selling for pretty close to asking, on average, based on homes sold.

Month ending December 2015

Find below update on the subdivision cheatham farms.

19 homes for sale at this time

12 homes currently under contract

9 homes sold in December 2015

$152,000 was the low sale price

$299,000 was the high sale price

$197,844 was the average sale price

38 was the average days on market

A good month for the Cheatham farms subdivision.  Homes are selling, but just those that are priced at market value.  So make sure if your looking to sell, you market aggressively and price the home correctly.

Month Ending November 2015

18 homes currently for sale

17 homes currently under contract

7 homes sold last month November 2015

$183,554 was average sale price

$163,500 was the low sale price

$219,900 was the high sale price

38 was average days on market for homes sold

Little bit over 2 months inventory for homes in Cheatham Farms.  This really, is pretty good for home sellers.  Over all Laveen is currently over 3 months, which does technically favor the buyer a little more, but not the case within Cheatham Farms.  It appears those homes that have been selling, have still been on average selling below list price.  Worst case was a home sold 6% under the last sale price.  Folks, that is a lot of money on the table.  Homes are selling, but only those listed at a right/good price.  Make sure that if your selling, you do look at the market very closely and also look at your comparable homes to determine the best price to sell at.

Month ending October 2015

15 active homes for sale

14 homes currently under contract

4 homes sold in month of October 2015

$144,000 was the lowest sale

$239,900 was the high sale

$182,225 was the average sale price

40 days was average it took to sell homes in October, atleast for those sold

Cheatham farms, like most of Laveen Az is currently in a buyer market.  There are more homes for buyers to choose from, which is a buyer market.  Average days on market for the active homes is 75 days, while active sold as mentioned above is 40.  Take away from those 2 numbers is that pricing a home well, marketing well, will get a home sold.  Lack of doing so, lack of good marketing and good exposure to the open market, will cause the home to sit longer on the market – which in turn will likely lead to price drops.

On average homes are still selling for under list price.  Call for specific question, to discuss selling and marketing your home.

Month ending September 2015

13 homes currently for sale

13 homes currently under contract

9 homes sold in September 2015

$139,000 was the lowest sale price

$322,900 was the highest sale price

96 was average days on market for sold homes

60 days is average for homes currently on market

As usual, I would like to point out how important it is to make sure and price your home well, have a strategy and of course market aggressively.  The market is indeed shifting, and Laveen as well as Metro Phoenix is inching closer to the 3 month turn over rate or inventory, buyers will begin to have more choices.  So again, price right.

Month ending August 2015

Market has been steady, and we have had a good summer.  As per usual, we are starting to see the Laveen market slow after the summer up tick.  As such, inventory may start going up and numbers are actually starting to show that being the case.

18 homes currently for sale

12 homes currently under contract

7 homes sold in August 2015

$252,000 was the highest sale price

$136,000 was the lowest sale price

$167,000 was the average for homes sold

33 was average days on market for those homes selling

I would point out the market may be shifting.  I’m starting to see an increase in active listings, a up tick in turnover rate/months inventory and should this continue we may shift to a buyer market.  We do have a way to go, but should we see a significant increase of active listings, and slow down of those homes selling (happens after summer), we could see the market shift a bit to benefit the buyer more so than seller.

 

Month ending July 2015

Lets look at the numbers for the month ending:

15 homes  currently on the market

14 homes currently under contract

10 homes sold in the month of July

$196,500 was the average sales price

39 was the average days on market for homes sold

Highest priced sale in Cheatham farms $265,000

Lowest sale in Cheatham farms $162,500

Much like the rest of Laveen, Cheatham farms is still in a seller market.  Yessir, it has less than 2 months inventory and home sellers that are priced right are selling pretty quick, on average about 39 days.  Looks like that on average many homes are selling for ask price, which is great.  On the down side, if you don’t have a knowledgeable realtor who prices home right, you may also end up like the one home that sold 4% under ask price.  The 4% less in sale price would be almost $5,000 less in your pocket.  I’m a local realtor in Laveen, I’ve worked for over 10 years in area, and I want to earn your business.  Call me today at 602.373.6345 or request a consultation here at this page.

Month ending June 2015

Lets look at the numbers:

11 homes for sale in Cheatham Farms

18 homes currently under contract

10 recent homes sold for month ending June

$88.27 was the average for homes sold

$187,825 was the average sale price

44 was the average days on market

Again, much like most of Laveen and for that matter Phoenix, it is a seller market in Cheatham Farms.  Yes, we have just over a month inventory of homes for the subdivision, and several homes in the pipeline to close in the next month.  The highest sold price for the month was $273,000.  As many know, there are some nice homes with a good size lot and square footage, and this was one of those larger homes.

Month Ending May 2015

Cheatham farms is and has been a favorite subdivision in Laveen.  Activity continues with homes being bought and sold and a good pace.  It comes down to pricing, marketing and then of course negotiation, but regardless homes priced right are getting buyers.

11 homes for sale

16 homes currently under contract

6 homes sold in May 2015

$90.09 was the average dollar a square foot

$201,733 was the average sale price

168 was the average days on market – Pretty high

Looking to buy or sell?  Give me a call I’m a local laveen realtor specializing in the area.

Month Ending April 2015

Wow, with looking at just cheatham farms, we are looking at only a 1 month inventory.  Granted Laveen Az has current low inventory, but if your home is in Cheatham farms, chances are it will likely sell pretty quick.  Do check out my post on Laveen Home Values as it also shows what is happening in and around Laveen.  Mainly it is good to know, that while homes are selling, you are not really getting over ask price, and that there is many homes that sit on market and have price reductions.  Buyers are NOT over paying for homes at this time, and most homes are being bought using loans, which means appraisals!

10 homes currently for sale in Cheatham Farms

18 homes currently under contract – couple are mine

10 homes sold in month ending April 2015

$87.51 was $/Sq.ft average for homes sold last month

$204,350 was the average sales price for homes sold

73 average days on market for homes sold

Yes, it is a good time to consider selling.  Buyers are buying, and the scale is now a little more in favor of sellers who no longer have to compete so much with other sellers to capture buyers.  Keep in mind though, homes are not selling on average over list, so price it RIGHT.

Month Ending March 2015

It is a great time to sell, and the reason is the low inventory.  This currently has us in a sellers market, and you could benefit from this today!  With less inventory buyers have less choices, and you may have an option of choosing the best offer.  Not always the case, especially if you don’t have many offers.  While we are still not seeing multiple offer situations, we are seeing that activity on our listings is picking up.

10 Homes currently for sale

15 Homes currently under contract

10 homes sold in Cheatham farms in March 2015

$80.93 average $/sq. ft

$176,400 was average sales price

114 days on market was average for homes sold

 

Update Month ending February 2015

So, as indicated on other article on my site updating for Laveen real estate, we have seen some change in the market this last week.  Inventory has dropped, and this favors sellers.

14 homes for sale in Cheatham Farms

13 homes currently under contract

3 homes sold February 2015

$179,783 average sales price for month

$85.06 average dollar a square foot sold

71 days was average time to sell home

Can’t stress enough, these numbers are great to give you an over all idea of what is going on in your subdivision and in Laveen.  If considering selling, make sure to have a analysis done for your specific home.  Lack of doing so may cause you to leave money on the table.

Number month ending January 201

Number month ending January 2015

Values in the area and including the Cheatham farms subdivision in Laveen Az continue on a stable and boring trajectory.  No other way to explain it, steady Eddie, even keel, same ol’ same ol.  14 homes for sale, much the same as last month, and even resale values, pretty much the same.

14 homes currently for sale

9 Homes under contract

11 homes sold in January 2015

$160,682 was the average sales price

$87.03 was the average dollar sold per square foot.

Again, don’t take the above information to determine the value of your home.  This is the average, just like the low under $78 a square foot, you can see that is a big variance.  If your looking to sell I recommend asking a knowledgeable and local realtor to help you determine value.

Update for month Ending December 2014

Lets look at the numbers for December and see how we ended the year, and happy new year!!

15 Homes currently for sale

12 Homes currently under contract

8 Homes sold in Cheatham Farms Laveen Az for month ending December

$179,875 was average sale price

$145,500 was the lowest sale price in subdivision

$299,000 was the highest sale price in subdivision

The key to getting the most for your sale or purchase, is knowledge.  Yes, knowledge of the market.  Let me know if you have any questions.

Month Ending November 2014 Update

Not much new to report other than the holidays are here, and of course we are starting to see the traditional slow down during the holiday season.  Do NOT mistake that to mean homes do not show and sell, because homes do sell during the holidays, but the number of sales do go down a bit.

21 Active homes for sale

11 homes currently under contract

2 homes sold in November 2014 in Cheatham farms

$155,256 was the average sales price for the month ending

$140,500 was lowest sale price

$170,000 was the highest sale price

Considering selling your Cheatham farms home?  Give me, your local Laveen Realtor a call today 602.373.6345

November 2014

Laveen and for that matter Phoenix as a whole has been almost boring, not much change in real estate trends for the last year.  While increase in inventory could suggest possible price wars to come, things as of yet have been very stable and consistent with no value fluctuations.

19 homes for sale in Cheatham farms Laveen Az

8 Homes currently under contract

2 homes sold in October 2014 in Cheatham farms

$167,500 Average sales price for homes sold

70 days average days on market for homes sold

October 2014

Month of September closings ended up exceeding my expectations.  It appears many of the homes that had been under contract for a longer period of time, lined up and decided to close in September.  While we are still in a buyers market in Laveen Az, homes are indeed still selling.  Key is pricing and aggressive marketing.

22 Homes currently on market

5 Homes currently under contract

10 Homes sold in September 2014 in Subdivision

$176,596 Average sales price for the Month

$179,422 Average listing price for homes sold

What is always interesting to see is that homes in the area sell for compared to list price.  It appears that we may be seeing some price drops, or at the very least sales under list price.  This likely due to the fact that we are in a buyers market and sellers are having to compete for buyers.  The larger inventory is also giving buyers more choices, which means they are going for the most at the best price.  Take away should be to price right, have home ready for market (clean), and market aggressively.  The marketing component actually takes a plan – you can see a sample for my marketing plan here.

September 2014

Changes are coming for Laveen real estate as it is for Cheatham farms.

17 Homes for sale

13 Under Contract

7 sold in August

The big change coming for Cheatham farms as well as Laveen Az in general is possible values dropping.  Something many of us Laveenites are familiar with due to the economic crash in late 2008 through 2013.  Properties values had improved, and home owners saw the values of their Laveen homes go about about 27% in 2013.  Problem we are seeing is that inventory is growing, and the buyers market we are currently in appears to be growing.  The buyer market is one where buyers have a larger selection and sellers have got to compete for the buyers.  Gone are the days of multiple offers within a day or so of listing the property.  Days on market has grown, inventory has grown, and this trend could potentially  see values decrease.  Only time will tell.

For specific question about Laveen real estate feel free to contact me.

August 2014

Below you’ll find information on recent homes sold in Cheatham Farms in Laveen Az, as well as current information on homes for sale in Cheatham Farms.  Price for homes currently on market range from $139,900 to a high of $299,900.

16 Current homes for sale in Cheatham Farms

12 Homes currently under contract

8 Recent homes sold in Cheatham Farms for month of July 2014.

$192,138 was average sale price for recent home sold

 

July 2014

Find below some information on recent homes sold in Cheatham Farms subdivision in Laveen Az.  Currently there are 17 homes for sale in Cheatham Farms, Laveen Az.  Prices of current homes on market range from $146,500 to $324,900.

17 Current Homes for sale in Cheatham farms

12 Homes under contract

11 Recent sold homes in Cheatham Farms for June 2014

$179,564 Average sales price for recent sold homes in Cheatham Farms.

June 1, 2014 

Recent Cheatham homes sold statistics for month ending May 2014 are listed below.  Currently Cheatham Farms has 21 homes on the market ranging from $133,400 to $399,900.

10 Recent Cheatham Farms homes sold

$175,830 Average sales price of Recent Cheatham Farms homes sold

38 Days average days on market

May 1, 2014

Recent Cheatham homes sold statistics for month ending April 2014 are listed below.  Currently Cheatham Farms has 21 homes on the market ranging from $133,400 to $399,900.

9 Homes sold in April

$178,08 average sales price

68 Average days on market