RECENT DOBBINS POINT HOMES SOLD

Reviewing recent Dobbins point homes sold is a great way to keep up to date on values in your subdivision.  Dobbins point is a subdivision in Laveen located South of Dobbins to Olney, and West of 43rd Ave. to 47th Ave. This subdivision is located real close to the Carver foothill and is about as south as you can get before going over the carver foothill. Homes in the area vary from 1650 square feet to as high 4000 square feet. Most homes in Dobbins Point were built between 2004 and 2006. Popular subdivision likely due to proximity to the Carver foothill, good floor designs by builder and a little more space between homes.

Every month I will review recent Dobbins point homes sold, and give you some statistics.

Month ending April 2017

6 properties for sale

6 under contract

4 sold in April

1.5 months inventory

$259,000 was the low sale

$326,000 was high sale

$293,500 was average sale

85 was average days on market

Commentary – Sellers market, which is a great time to sell.  Homes are taking a little longer than the average for Laveen, but this subdivision also does average a higher price range, so it is to be expected.

Month ending March 2017

6 properties for sale

5 under contract

2 sold in the month of March

$217,000 was the low sale

$330,000 was the high sale

75 was average days on market

Commentary – At this point dobbins point is right at a balanced inventory, and really no upper hand to either buyer or seller.   We do have a several properties on the market, but are on track to close several of them, keeping a good steady pace and inventory level.  Values are holding as well, over all……..good time to sell.  Keep in mind, average time to sell is about 75 days, yet the longest time for an active home is 191 days.  So……….it is either over priced, or maybe needs repairs, in which case it might be overpriced because of amount of work needed.

 

Month ending February 2017

6 properties currently for sale

5 properties under contract

1 home sold in February

$270,000 was sale price

3 was days on market

Commentary – Not much to say.  There is a lot of choices for buyers, with at this point about 6 months inventory.  Dobbins Point is a popular subdivision, but it also is in a higher price range, and thus has a larger inventory in Laveen.

Month ending January 2017

9 properties for sale

3 properties under contract

1 property sold in January

$285,000 was the selling price

123 was time to sell

Commentary – Well, the subdivision is a prime example of how there are pockets of real estate within an area or zip code.  See, Laveen as a whole is experiencing a seller market ( which benefits sellers), because there is a low inventory.  Dobbins Point is actually a niche market that is in a buyer market.  See there is at this time 9 months of inventory for buyers, and that is a large inventory.  Point is, buyers have several choices in the subdivision, and can be picky and choosy – ( is that a word?).  So, price it right, and you may be the home that sells next month.

Month ending December 2016

7 properties currently for sale

3 homes under contract

1 property sold in December

7 months inventory

$374,900 was sale price

55 was time on market

With only 1 sale for month, not much we can say, other than it was a little slower than usual.  The inventory, does favor buyers with so many choices.

Month ending November 2016

6 properties for sale

4 properties under contract

3 properties sold in November

$269,900 was low sale

$355,000 was the high sale

56 was average time to sell

Continues to be a seller market, with low inventory.  Translation, good time to sell, of course if one is considering.  Values have gone up for the year.

Month ending October 2016

3 properties for sale

4 properties under contract

3 properties sold in October

$268,687 was average sale price

50 was average days on the market for sold homes

It has been, and continues in Laveen, to be a seller market in Dobbins Point.  Inventory is low, and there are still buyers wanting and willing to buy.  So values have been holding steady with a slight appreciation.  This should continue for the time being, unless, we see interest rates go up.  That could have an affect on the market.

Month ending September 2016

5 homes for sale

6 homes under contract

3 homes sold

$309,667 was average

$365,000 was the high sale

$275,000 the low sale

42 was average days on market

1.67 is current inventory level

Folks, not much change really.  Much like the rest of Laveen, and South Phoenix for that matter, Dobbins Point is in a seller market and it is a great time to sell.

 

Month ending August 2016

3 homes for sale

5 homes under contract

2 homes sold in August

60 days was average time on market

$258,500 was average sale price

1.5 months is current inventory

$270,00 was high sale price

Much like rest of Laveen, it is a seller market.  Great time to sell as inventory is low, and buyers are still buying.

 

Month ending July 2016

7 properties currently for sale

4 properties under contract

5 sold in July 2016

$257,632 was average sale price

$217,659 was the low sale price

$295,000 was the high sale price

104 was average days on market for homes sold

little over a month inventory/absorption at this time.  Homes are indeed still selling, though on average for the month of July sold homes the average time on market was a fair amount over the Laveen average.  So as an FYI, keep in mind average times to sell if your considering selling.

 

Month ending June 2016

6 properties currently for sale

7 properties under contract

3 homes sold in June 2016

$281,000 was low sale

$300,000 was high sale

$289,300 was average sale

30 was average days on market for those homes that did sell, compared to 64 average for current active homes

 

Month ending May 2016

9 properties for sale at this time

8 properties under contract at this time

2 homes sold in May 2016

$240,000 was the low sale price

$265,000 was the high sale price

55 was the average days on market

Dobbins Point is actually one of the communities that based on the above numbers, is technically in a buyer market.  Course this change next month if all the homes under contract do indeed sell.

 

Month ending April 2016

8 properties for sale

4 properties under contract

1 homes sold in April

$289,888 was sale price, it was the high, the low, and the average!

44 days on market for this home that sold

Based on recent sales, well, Dobbins Point is one of the communities that currently favors buyers.  There are several available options for buyers to get into the community, and not many recent sales.  For specific questions, feel free to call or email me.

Month ending March 2016

9 properties for sale

1 under contract

1 sold in March

$284,000

Not a whole lot of selling activity for the month, right?  This has been a pretty popular subdivision in the past, but there has been a fair number of homes that have come to market recently.  With the slow sales, and the large inventory, Dobbins Point is one of the subdivisions that is a buyers market.  The buyers have plenty of choices, and likely could get a home for under ask price.  That is unless, the seller knows what they have, and understands the market, the trends and takes full advantage.

Month ending February 2016

5 properties for sale at this time

2 properties under contract

No sales in subdivision since December 2016

To find out the value of your home, you’ll want to request a valuation.  Not much beyond that to report.  Dobbins Point has and will likely continue to be a very desirable subdivision.  Currently there are plenty several choices for buyers.  This is one of the subdivision in Laveen Az, which is in a higher price range. Most homes in Laveen that are selling quickly, are priced $225,000 and under.  Most homes in Dobbins Point on the other hand are priced $275,000 and up.

Month ending January 2016

4 homes on the market for sale

That above, is ALL the activity for this point on the subdivision.  For folks looking to sell, well best thing to do is request a valuation to help see values in area.  For buyers, well, with the number of active homes on the market you have a good number of choices, and because little activity possibly on them you may be able to negotiate a better deal.

Month ending December 2015

3 homes currently for sale

6 homes sold

$230,000 was the low sale

$335,000 was the high sale

$271,167 average sale price

58 days was the average days on market

Homes are indeed selling.  Of course, those marketed well and aggressively and those homes that have been priced at market value.

Month Ending November 2015

2 homes currently for sale

5 homes currently under contract

33 days on market is average for active homes

1 sale last month November 2015

$240,000 was the sale price

64 was days on market

 

Not really much to report.  With such low inventory in the subdivision, and with several under contract, this might be a great time to consider selling.  Chances are good we will see about 4 homes at least closing before or shortly after end of the year.  So we will only have 2 active homes, but we obviously are showing that buyers are interested in the subdivision.  Looking to sell, love to earn your business – Call David at 602.373.6345 for a consultation.

Month ending October 2015

5 homes currently on the market

35 average days on market for homes currently for sale

4 homes currently under contract

1 home sold month of October

$279,000 was the sale price for home sold

24 days was time it spent on market

Wow, much like my last months comment it appears we have a trend.  Average list price per square foot is now $104.32 and the average sale price is closer to $90.  Question for all you folks out there, do you think some of these homes will be selling at those above average prices?  One active home has been on market over 2 months.  One thing to keep in mind, many of the deals (purchases) at this time are being done with financing.  This means that a bank is loaning a buyer money to buy a home, and that will need to come with an appraisal.  If other homes are selling for “x”, do you think the appraiser will give value to the home of “x + overpriced amount?  Not likely, banks are using similar home sales to get values of home, and if it is not there, the financing won’t be either.

Buyers do have the upper hand in this subdivision, with several choices of which to buy.  A buyer market at this time, and sellers can possibly expect to have to pay closing fees to assist with buyers loan.  Just an FYI, it is the way the market is heading.

Month ending September 2015

4 homes currently for sale

1 under contract

2 sold in September

$240,000 was the low sale

$293,250 ( and likely .51 cents) was the high sale

250 was the average days on market for homes sold

Funny thing here, the average list price per square foot is $98 and yet average sale price is $92, think these homes will sell that way?  The list to sold ration is showing those homes that did sell in subdivision sold for under their list price, so what chance of a home selling for over value?  Not likely.  Most buyer, and I mean about 98% are paying with either fha/conventional financing and that required a loan and an appraisal.  Will home appraise over market value?

 

Month ending August 2015

Again, much like some other communities in Laveen, Dobbins Point does not see a lot of activity.  Following are highlights of current market trends:

3 homes currently for sale

3 under contract

3 homes sold August 2015

$305,000 was the high price sale

$232,000 was the lower priced sale

228 was the average days on market for home sold

Homes that did sell, sold for about 95% of listing price, and that is final list price. To me, this really goes to show that homes are NOT selling for over ask price or even over market value.  Most buyers are using financing, and financing requires an appraisal.  An appraisal will use recent homes that are similar which have sold, and bank will NOT lend above the value of home.  So, why list over market, likely will not get it.  So price right.

Month ending July 2015

Lets get right into the numbers for the month of July and see what they tell us.

5 active homes for sale

4 homes under contract

3 homes sold in July

$103.48 is the average $/sq ft for homes sold

98% is the average list to sale ratio for the subdivision for the past month.  In other words homes are not selling for full price but in this case on average 2% less.  If priced right.

$325,000 was the highest sale price in dobbins point for July

$220,000 was the lowest sale price for july

Much like the rest of Laveen, dobbins point has a seller market which of course benefits the seller.  We have low inventory levels in Laveen as well as in Dobbins Point.  Homes are selling on average in about 23 days, which is pretty quick right?  Yet, it has to be priced right!!!  There is an active listing which has been on market for 271 days, and the average is 79 days for the subdivision.  Many times, as is seen in my article on this page , home sellers are over pricing homes and staying on market for longer periods of time.  Any like chart shows on the previous link, average/median sales price vs. the average/median list price has a pretty big spread.  Over priced will not get it done.  Call me David your local Laveen Realtor at 602.373.6345 for a free consultation to sell or request on here at my contact page.

Month Ending June 2015

Let’s get right into it and look at the numbers:

7 homes currently on the market and for sale in Dobbins Point

4 homes under contract

2 recent homes sold in June 2015

$94.93 was the average $/sq ft

$294,250 was the average sale price

$255,000 is the lowest listed home

$324,900 is the highest listed price

Dobbins point currently is one of the subdivisions which is actually seeing a buyer market based on the above numbers.  With the increase in active homes on the market and a steady number of closings, the inventory has grown a bit.  This is good for buyers as they now have a little more selection if they are looking in the community of Dobbins Point.  Not so good for sellers as they have more competition for the buyers.

Month ending May 2015

Again, not much activity.  While homes are real nice, we don’t see as many sales as other subdivisions.

2 homes currently for sale

3 homes currently under contract

2 homes recently sold in Dobbins Point for May 2015

$97.99 was the average dollar a square foot

$278,500 was the average sales price

For specific questions, please give me a call at 602.373.6345.

Month ending April 2015

Lets look at the most recent numbers and see what home values are doing in Dobings Point:

4 Homes currently for sale

4 homes currently under contract

3 Homes sold in month of April

$96.46 averege $/sq.ft for homes sold

$320,667 average home sold price

We have a little over a month of inventory, which is great.  Buyers are still buying and home owners considering a sale are looking at a great time, as the decreased inventory is allowing for quicker sales, due to less choices.  In truth, it is a seller market though we are not seeing multiple offers at the higher price range, and still seeing people request closing assistance.

Month ending March 2015

Even Dobbins Point, much like the rest of Laveen is in a seller market.  This will be beneficial for those of you considering selling, as there is less competition for buyers because of the reduced number of listings we have on market.

4 homes on market for sale

5 Homes currently under contract

2 homes sold March 2015

$105 was average $/sq.ft

$304,000 was average sale price

80 days on market was average for homes sold

Sales update for month ending February 2015

We have seen a couple of new listings hit the market this past month.  Much like Laveen, this subdivision of Dobbins Point is also showing that inventory levels have dropped a bit.

7 homes listed for sale

4 homes under contract

3 homes sold in February

2.33 Months of inventory currently in Dobbins Point – This favors sellers

$303,000 average sales price for February 2015

$97.81 average dollar a square foot price sold for month

 

Sales update January 2015

While Dobbins Point generally does not have the most sales activity in any given month, it is still a very popular subdivision.  Nice big homes, many with 3 car garage and at the base of the carver foothills.  NICE.

Not much change from the rest of the year, really still pretty stable.  Yes, prices did fluctuate a bit, but overall there was never a sustained increase or decrease, really just a range that home values have been for about 1.5 years.

6 homes currently for sale

5 homes under contract

1 home sold

$275,000 sale price for home in January

77 was days on market

$93.28 was the price/square foot

Again, don’t take the above information to determine the value of your home.  This may not be the same style, design, size, lot size, pool/no pool……….etc as your home.  You really want to compare like properties and not take an average like the above number.  If your thinking of selling please call, and we can look at your specific property value.

Month Ending December 2014 stats for Dobbins Point

Looks like Dobbins Point had a slow down in the later part of the year 2014, as December saw no sales.  Though, much like the rest of Laveen Az, Dobbins Point was very consistent and steady for the year.

8 Homes currently for sale

4 Homes currently under contract

0 homes sold in December 2014

$250,000 lowest priced home for sale

$394,000 highest priced home for sale

 

Month ending November 2014 stats

Much like the rest of Laveen, the subdivision is seeing a buyer market, though prices remain stable.  Appears many of the homes being sold are not being priced right, or at the very least they are not getting the offers at asking price, as we are seeing homes selling 3% to 6% below list price.  Knowing the area helps with this, and it is why it is always good to use a local Realtor.  If your considering selling, call me David 602.373.6345 a Laveen Realtor who works and lives in the area.

7 active homes currently for sale

3 homes currently under contract

2 homes sold month ending November

$268,000 Average sale price

Homes sold on average 5% less than listed price at time of sale.  What does this mean?  Well if there was price drops, homes still sold less than list price, and they averaged 74 days on market.  Best thing to do, price it right the first time!

November 2014

Find below information for the most recent month ending October 2014 for Dobbins Point.  Real estate market is continuing on with very little change to the trends over the last year, we are still in a buyers market.  Values do continue to hold stable no major changes.

7 homes for sale in Dobbins Point

3 homes under contract

4 homes sold in October 2014

$269,925 Average price of home sold October

98 Average days on market for homes sold in October

October 2014

Yes, we are in a buyer market in Laveen Az.  Funny thing, in the Dobbins Point community the month of September sales show we are just a bit shy of a buyer market.  I would eer on the side of caution and consider Dobbins Point to be much like Laveen Az in a buyer market.  Laveen Az as a whole is just over 4 months inventory base on number by the MLS.

8 Homes currently for sale

4 Homes under contract

3 Homes sold in Month of September 2014

$299,317 Average sale price for recent homes sold

$316,300 Average list price for recent homes sold

Notice the average list to sale price above, which indicates the sellers are currently taking less than list price.  This can happen for one of two reasons.  First a home owner may have decided they don’t want to leave any money on the table, and list for over market value.  If that is the case, it will still generally sell for market value or less, regardless the home ends up selling for less than list price.  Second home may have been priced well, but the Laveen Az inventory and current buyer market forced seller to either take less or reduce list price.  Lately I have been seeing both a drop in list prices as well as homes selling for less than list.  What is a seller to do?  Know the market, market effectively and aggressively.

Septmber 2014,

The month ending August 2014, did not see any closing sales for the subdivision.  Inventory in the subdivision appears to be growing, and much like Laveen it has become a buyers market.  Should inventory continue to grow sellers may begin to lower prices to entice buyers to make the purchase, only time will tell.

10 Active homes

5 homes currently under contract

No sales month of August 2014.

 

August 2014

Lets review current and recent sales information for Dobbins Point for the month ended July 2014.  Currently there are 11 homes for sale in Dobbins Point.  Prices for current homes on the market range from a low of $229,000 to a high of $365,000.

11 Homes for sale in Dobbins Point Laveen Az

5 Homes currently under contract

4 Recent homes sold in Dobbins Point

$283,225 Average sales price for recent homes sold in month of July 2014

July, 2014

Find below information about Dobbins Point real estate based on recent homes sold and properties for sale in Dobbins Point.  Currently there are 6 homes for sale in Dobbins point listed between $249,000 and $345,000.

3 Home sold in Dobbins Point for month of June 2014

$247,633 Average sales price of recent homes sold

159 Average days on market for recent homes sold

7 Homes currently under contract

June, 2014

Currently Dobbins point still has 8 homes on the market varying in price from $219,500 to $389,900.  Recent Dobbins point sales statistics are below for month ending May 2014.

5 Recent Dobbins Point Homes sold

$245,000 Average sales price of Recent Dobbins Point Homes sold

52 days average on market for recent Dobbins Point Homes sold.

May 1, 2014

Currently Dobbins Point has 8 homes on the market varying in price from $219,500 to $389,900.  Recent Dobbins point sales statistics are below for month ending April 2014.

1 home sold

$339,000 Avg Sale Price

142 Average days on market