RECENT LAVEEN FARMS HOMES SOLD

Looking over recent Laveen Farms homes sold is a great way to keep track of values in the subdivision.  Laveen farms subdivision runs from about Baseline rd north to Southern, and from about 67th Ave West to about 78th Ave. This is a very large community with several phases that occurred during the building process. Most homes built from 2004 through 2009. There are over 600 homes within the Laveen Farms community. The homes in Laveen farms range from the low 1200’s to over 4000 square feet in size.

Every month I will reveiw recent Laveen farms sold and pass along some statistics on activity for the area.  If you are a home owner in Laveen Farms and would like to get a specific home value evaluation, please feel free to contact me at 602.373.6345 or fill out a free market evaluation form.

Month ending October 2017

18 properties currently for sale

7 properties under contract

9 properties sold in October

$195,000 was the low sale

$292,000 was the high sale

$243,277 was the average sale price

68 was average time to sell

Commentary – 2 months inventory, still suggests a great time to sell and a seller market.

Month ending September 2017

17 properties currently for sale in Laveen Farms

8 under contract

9 properties sold in September

$177,000 was the low sale

$220,533 was average sale price

$269,995 was high sale

56 was average time to sell

Commentary – Good amount of activity in Laveen Farms!  It continues to be a seller market, which is GREAT for those home owners considering selling and making a move.  We have seen 4 plus years of appreciation at this point, will it continue?  All indicators at this point show the market will continue as it has been, and projections by “experts” indicate continued appreciation.  Yet, interest rates are also slated to go up, which could affect affordability.  Most experts have better rear view than crystal balls, so don’t take the projection/predictions as gospel.  In the end,…………………………only time will tell what happens.

Today though – great time to sell.

Month ending August 2017

16 properties for sale

12 under contract

8 sold in August

$171,700 was the low sale

$289,900 was high sale

$219,200 was average

93 was average time to sell

Comments – Good time to sell.  Continues to be a seller market, and that is good for home owners considering selling.  Homes in this price range are in demand.

Price well, sell quick and likely NET more.

Month ending July 2017

15 properties for sale

12 properties under contract

10 homes sold in July

$199,900 was the low sale

$240,350 was the average sale price

$290,000 was the high sale

40 was average time to sell

Commentary – Great time to sell.  Homes are still moving, and they are selling for on average 1% under list price, and doing so within a short time (about 4o days).  Values have been holding steady, much like the rest of Laveen with slow appreciation.

Month ending June 2017

18 properties for sale

14 properties under contract

16 properties sold in June

$180,000 was the low sale

$222,694 was average

$279,000 was highest

57 was average days on market

Commentary – Current market conditions, and inventory level for the area indicate it is a GREAT time to sell your Laveen Farms home.  It is a seller market, and homes are going quick, and on average for 1% under list price.

Month ending April 2017

16 properties for sale

20 properties under contract

10 properties sold in April

1.6 months inventory

$180,900 was the low sale

$252,995 was the high sale

$212,312 was the average sale price

86 was average days on market

Commentary – Not really too much change to comment on.  Inventory remains low, which is great for home owners considering the sale of their property.  This translates to more competition for available homes.

Month ending March 2017

22 properties currently for sale

16 properties under contract

12 properties sold in March

$179,900 was low sale

$203,341 was average sale

$238,000 was the high sale

56 was average time to sell

Commentary –  Couple more numbers first: 98% was average list to sale, and 157 is longest active home on market, and lastly 55 is active average days on market.  So, first lets say that the Laveen Farms real estate market is going through a seller market.  Inventory continues low with the consistent number of closings and properties under contract showing the trend is likely to continue.

I also like to indicate, homes that are price right are the ones that sell.  Notice that on average most homes that sold, did so at 2% less than their list price, and in the worst case almost 5% under the list price.  No property sold over asking price.  So, you are not likely to get more than what market value is for home, and that is dictated by current market conditions and values.  Also, those price right will sell vs. those that are overpriced which may end up staying on longer that the average days to sell.  Homes that are overpriced will sit, and will either end up lowering price to sell or expire.

 

Month ending February 2017

20 properties currently for sale

19 properties under contract

12 properties sold in February 2017

$186,900 was low sale

$360,000 was the high sale

$228,136 was average

86 was average time to sell

Commentary – Another good month for sales in Laveen Farms.  Inventory remains low for the number of sales, which is great for homeowners considering a sale.

Home values

Home values

Month ending January 2017

17 properties for sale

16 properties currently under contract

14 properties sold in January 2017

74 was average days on market

$178,900 was the low sale price

$238,000 was the high sale

$200,103 was the average

Commentary – Wow, what a great time to sell in Laveen Farms.  The actual inventory at this time is super low, so as a seller you will have the upper hand.  With low inventory, buyers will have to compete a little.  Price it right, and chances are, it will sell well.

Month ending December 2016

23 properties for sale

25 under contract

19 homes recent home sale for Laveen Farms December

63 was average days on market

$182,900 was the low sale

$259,000 was the high sale

Commentary – It is a seller market, much like all of 2016 for the Laveen Farms subdivision.  With low interest rates, and with appreciation seen recently, and also with  low market inventory it is a great time to sell.  Also great time to buy, as interest rates as mentioned are still low.

Month ending November 2016

27 properties currently for sale

37 properties under contract

19 properties sold in November

$165,000 was the low sale

$285,995 was the high sale

72 was average time to sell

This is another one of the active communities.  We have a low inventory at this point, so sellers market does continue, and that is great for sellers.  Interest rates are still low, so this also helps buyers get into homes.

Month ending October 2016

35 properties for sale at this time

29 properties under contract

8 properties sold in month of October

$155,000 was low sale

$289,900 was the high sale

61 was the days on market for homes sold

Lot of activity in this subdivision at this time.  We have several properties under contract, and several on the open market.  As of the reading of these statistics, we are possibly in a buyer market for the subdivision.  Yet, to me this will likely be very short lived as we have plenty under contract that are scheduled to close soon.

Month ending September 2016

28 homes for sale

19 homes under contract

20 homes sold in September

$168,000 was the low sale

$538,000 was the high sale

75 was average days on market

1.4 is current absorption/inventory

It is a seller market, and home owners have a green flag to sell at this time.  Values have gone up about 48% over the past 3 years, and frankly, not sure we can continue to expect that in years to come.  Chances are, we will see normal increases of single digits for the coming years.

 

Month ending August 2016

25 homes currently for sale

46 homes under contract

22 homes sold in August

61 was average time to sell

$198,777 was average sale price

$168,000 was low sell price

$280,000 was high sell price

1.13 is current level of inventory

Still a seller market, and great time to sell.

 

Month ending July 2016

31 homes currently for sale

45 homes under contract

11 homes sold in July 2016

$242,554 was average sale price

$184,900 was low sale

$447,000 was high sale

67 was average days on market

 

Month ending June 2016

29 homes currently on the market

40 homes currently under contract

18 homes sold in month of June

$162,500 was lowest sale price

$264,995 was highest sale price

$213,539 was the average sale price

44 was average days on market for those homes sold

 

Month ending May 2016

36 homes for sale

32 properties under contract

20 homes sold in May 2016

$107.51 was average $/sq ft

$218,749 was average sale price

$159,500 was the low sale

$515,000 was the high sale

54 was average days on market

Homes are indeed selling in the subdivision, much like the rest of Laveen.  Seller market, great time to sell.

 

Month ending April 2016

31 properties for sale

31 properties under contract

19 homes sold in April 2016

$169,900 was the low sale

$241,000 was the high sale

$200,395 was the average sale price

71 was average time on market for those homes that sold

Good information I hope!  Homes are indeed selling here in the subdivision, and home owners are seeing a seller market.  Also, they are seeing a lot of activity, because this is a hot price range.  Many homes may see multiple offers…………if priced right.  If they are not priced right, you can wait, wait, wait and hope someone comes to see your home, or until you lower the price.

 

 

Month ending March 2016

30 properties currently for sale

31 properties under contract

20 properties sold in March

$169,900 was the low sale

$263,000 was the high sale

$195,770 was the average sale price

51 was average days on market for solds

77 is active days on market average

This is another of the very actie subdivisions.  We have a seller market, and with the prices being at the level most buyers are looking, that does not look to change in the near future.  What I mean is homes are selling for the price range that is very popular in Laveen which is under $250,000.

Month ending February 2016

23 properties currently for sale

31 properties currently under contract

7 properties sold in month of February 2016

$168,600 was the low sale price

$229,600 was the high sale price

$201,971 was the average sale price

$98.80 was average $/sq ft for month ending

63 was the average days on market for sold homes

87 is average days on market for ACTIVE homes

This is one of the subdivisions that is right at the mark, the mark of 3 months inventory.  What that would mean is a transitional market, one that does not truly benefit the buyer nor the seller, it is a balanced market.  With so many active homes on market, property will need to be in great showing condition, clean, offer curb appeal and priced right to stand out against the competition.  Homes are indeed selling, as the 31 properties under contract shows, and march should have several new closings.

Month ending January 2016

21 properties for sale at this time in Laveen Farms

35 properties under contract

5 properties sold in January 2016

$169,900 was the low sale price

$350,000 was the high sale price

$217,960 was the average sale price

104 was average time on market

There is a pretty healthy inventory of homes, and by that I mean at this point actually one that benefits buyers a bit more.  Truth is though, that number will change with so many properties under contract, the closings in the coming month should be taking many of the market.  This is one of the subdivisions in Laveen does does tend to see several sales  a year.  On average homes are selling pretty close to list, for those that listed at market value.

Month ending December 2015

32 properties for sale at this time

23 properties under contract

12 properties sold in the month of December 2015

$155,000 was the low sale

$375,000 was the high sale

$225,375 was the average sale price

69 was average days on market for homes sold vs. 75 for active homes

So, is it a good time to be selling in Laveen?  I think it is always a good time to sell, if you have a need to sell.  The market right now is showing us that there are buyers that are interested in buying a home.  Yet, they are not paying over market value or list price, with average list/sale ratio for December being 98%.   On the low end, there was one home that sold 6% under the last list price!!!  That is a lot of money on the table, the expectation potential was given but not delivered.

When selling a home in Laveen, do your homework.  Make sure to know what is going on in the market, know your competition, know likely sale price, know your most likely buyer.  Then market aggressively.

Month Ending November 2015

36 properties currently for sale

26 properties currently under contract

7 homes sold in November 2015

$190,396 was the average sale price

97% was the average sale to list price

20 was average days on market for homes sold

305 days on market, is longest for active listing

Takeaways, homes are selling, but those that are priced right.  As highest days on market shows, some homes that are not priced well will just sit on the market until 1 or 2 things happens:

  1.  price drop
  2. seller cancels listing and it comes of market.

Average sale to list is really showing that buyers are NOT over paying for homes.  On average homes still sold for 3% under their last list price.  If your considering selling, make sure to REALLY study they market and your homes value and put together an aggressive marketing strategy.

Month ending October 2015

30 properties currently for sale in Laveen Farms

25 properties currently under contract

8 properties sold in October 2015

71 average days on market for homes currently for sale

57 average days on market for homes sold in October

$173,925 was the average sale price homes in October

Take aways:

Same as last month, pricing the home is one big key to getting a home sold.  It is not by any means the ONLY way, BUT it is important.  The average list price $239K, while average sale price is closer to $173K, big difference.  Home with longest time on market has been on market for 270 days, which in our Phoenix area really shows a price that is too high.  While price is important making sure to have a good business strategy and marketing in place to sell the home is key as well.

Thinking of selling your Laveen Farms home?  Call David at 602.373.6345 to discuss the market, the value and aggressive marketing strategies to get your home sold!

Month Ending September 2015

37 properties for sale

24 under contract

7 sold for month of September

$158,000 was the low sale

$255,000 was the high sale

$194,414 was the average sale price

51 was average days on market

$243,238 is the average list price

Funny don’t you think the difference between the average sale price and average list price.  Big gap in between.  The numbers are showing that we are slowly headed toward a buyer market in the Phoenix metro area, and this does include Laveen Az.  Even though things may look great with so much activity in Laveen Farms, truth is based on number of closings for September we have 5.2 months as an absorption rate, and that puts us square in a buyer market for Laveen Farms.  Key to selling, price it well and market aggressively.

Month ending August 2015

Cool thing about looking at active and sold properties, is that it gives you an idea of what is going on.

33 active homes for sale

16 homes under contract

4 homes sold in August 2015

$243,000 was the high sale price

$145,000 was the low sale price

27 was average days on market for homes sold

Based on the number of active homes sold, and current listings, the community is one of the few that is a buyer market.  Based on the number of sales (4) we may actually have way over 3 months in the turnover rate/inventory of homes in Laveen farms.  This does favor the buyer and not so much the seller.  With so many more options for buyer, the more choices, the sellers may have to compete to secure on of the buyers.  Generally this is done by being best, nicest, greatest locations and lastly based on price.  So, make sure you talk to your agent to maximize your properties appeal.

Month ending July 2015

Lets get right to the numbers and discuss what is going on for the month ending July:

30 homes currently for sale in Laveen Farms

14 homes currently under contract

11 homes sold in July

$84.98 was the average $/sq ft for homes sold

27 was the average days on market for homes sold

97% was the low side of list to sale ratio- this means some homes sold for 3% less than ask price

$217,000 was the highest sold home in July for Laveen Farms

$144,900 was the lowest sale price in July

Laveen Farms is seeing a pretty healthy real estate market.  It continues in a seller market with a current inventory under 3 months, which is pretty much like the rest of Laveen Az.  That being said, there are some homes that appear to be on market for longer than the average, one even for 181 days – that almost half a year.  Thing is, homes in Laveen Az and as well in Laveen Farms are selling for market value.  It does not matter what you think your home is worth, what matters is what home is actually worth, and it will not sell for more than the current market value.  Chances are, if you have a home listed and don’t have buyers coming to view the home your are OVERPRICED!!!

I’m a local Laveen Realtor who would like to earn your business -call me David at 602.373.6345 to set up a free consultation and marketing strategy session.

Month ending May 2015

Lets look right at the numbers and see what they say:

16 homes currently for sale in Laveen Farms

19 homes currently under contract

7 homes sold in month of May

$78.78 was average dollar a square foot

$179,343 was the average sales price

12 days on market was the average

Well, while you can’t see everything I see, I will share the following.  First, homes as you can see are on average selling pretty quick in the subdivision, with average of homes sold being 12 days.  Also, several homes are under contract, more than are actively on the market.  Inventory is low historically, but also with number of sales monthly puts us in a seller market.  Not shown, is the list to sold ratio, which is average 99% for the subdivision, with a low of 96% and a high of 101.  So, majority of sales are selling below list price.

Month ending April 2015

Yes, it is still a sellers market.  As such inventory continues to be low, and in laveen is currently under 2 months.    In Laveen Farms it is also just under 2 months.  Actually Laveen Farms does have a pretty healthy number of active listings, and closing on a monthly basis.

15 homes currently for sale

15 homes currently under contract

9 homes sold last month

$75.49 was average $/sq. ft for homes sold

$168,708 was average sale price

On average month of April saw homes sell 2% less than listing price.  On the low side, one did sell for about 12% less than list price, wow, that must hurt!!  Can’t say it enough price it right, and you’ll get your best return.

Month ending March 2015

As I’ve said, the market has shifted to favor sellers a little more.  While it does favor sellers, I have not seen where values are going up in any drastic way, but we are seeing good activity on homes on the market.  This is good, as you may be able to sell, get your price, and move on with your plans.

8 Homes for sale in Laveen Farms

15 Homes currently under contract

7 Homes sold in March 2015

$77.15 was average $/sq.ft

$165,929 average sales price homes sold in March 2015

96 was average days on market for homes sold

Update for month ending February 2015

Hey, we are seeing a little change in the market.  Will it stay, who knows!!

Currently Laveen is seeing less than 3 months inventory, actually 2.6 months for single family homes.  This is generally in the seller market area, which of course benefits sellers more.  Yet, numbers are still showing that while inventory is down, buyers are not paying more for the homes, and over priced homes are staying on market.

11 homes for sale

12 homes under contract

5 homes sold month of February

$201,940 was average sale price for Laveen farms month of February

$83.55 was average dollar a square foot sale price for month

Please call if your interested in selling, I’d like the opportunity to earn your business.

Sales information for January 2015

January much like the rest of the year 2014, was relatively stable at best.  Pretty boring actually, and hard to make interesting.  Yet the subdivision does see its share of activity, and as a seller or buyer you should know that homes do sell in the community.  You can see homes currently on the market on the buyers tab above.  As for recent sales activity, lets dive into it right here…

10 homes currently for sale

10 homes currently under contract

9 homes sold in January 2015

$189,522 average sales price

$143,700 lowest sale price

$245,000 highest sale price

31 days on market is the average

Looking to buy or sell.  Give me a call I’d love to help.  If selling, let me help you determine your current market value.

Stats for the Month ending December 2014

Hello and welcome to 2015 folks interested in information for Laveen Farms in Laveen Az!!!

We finished off the year consistently, which is to say there really was not much variation in the market for the subdivision for the entire year.  You can go back and look below at other articles and updates, but over all we really did not see a whole lot of variation to value or activity.

12 Homes currently for sale

9 Homes currently under contract

7 Homes sold in December 2014

$158,800 average sale price for homes sold

75 average days on market for homes sold

$138,000 was the lowest home sale price

$185,000 was the highest home sale price.

 

Stats for month ending November 2014

Wow, another subdivision that had a busy November!!!  The inventory for the subdivision appears to have gone down, likely due to the holidays and folks deciding to hold of to the new year for a sale.  While the market does slow down, homes still do show and sale in during the holidays.  If your considering selling, I’m working, call David 602.373.6345 to talk about selling your Laveen Farms home.

12 homes currently for sale

12 homes currently under contract

11 homes sold in the month ending November

$164,876 average sales price

100 days on market was average time to sell

7 number of homes that had price reductions that sold last month.  Folks – this could be money left on the table.  Make sure to consult and agent the knows the area, the trends, and has buyers so you can sell at the BEST price.  Average list to sale ration was 97%, which is 3% loss already, on top of having price reductions.

 

 

 

November 2014

Below find recent information for homes sold in Laveen Farms for month ending October 2014

12 homes currently on market for sale

18 homes currently under contract

11 homes sold in Laveen Farms for month of October 2014

$175,164  Average sales price for homes sold

75 days average days on market

October 2014

15 Active homes for sale

19 Homes currently under contract

14 Homes sold in month of September

$185,866 Average sales price of homes sold

$188,866 Average list price for homes sold

When looking at the entire suburb/village of Laveen you can clearly see a buyer defined market.  Interestingly enough, with the large number of sales in the month of September, Laveen Farms only has about 1 month of inventory, which of course reflects a sellers market.  Though the numbers may indicate a seller market within the subdivision, you can see the average sales price vs. average list price showing homes selling for less than asking price.  This is usually the case during a buyer market, which Laveen currently as a whole is experiencing.  The key is to market home well and extensively, price home right and get it SOLD.

September 2014

If you follow some of my articles, you will notice I’ve been sharing that Laveen is in a buyers market.  Yes, the market has shifted and we are seeing the tide shift in favor of buyers.  Gone are the days of multiple offers on properties, and now sellers and their agents must truly dig deep, price correctly, market aggressively to get a home sold.

20 homes currently for sale

24 homes currently under contract

7 homes sold in August 2014

$193,713 Average sales price in August 2014

$201,943 Average list price

Notice the average list price to sales price.  On average it appears that homes in the subdivision have been selling for almost 4% less than list price.  This is a GREAT reason to use a local agent that truly knows and understands the local market.  Also, a local agent is more likely to actually have potential buyers for a Laveen home.  Feel free to request your home value right here.

August 2014

Lets review recent homes sold information for Laveen Farms.  Currently there are 20 homes for sale in Laveen Farms ranging in prices from $139,500 to $365,000.

18 Homes currently under contract

10 Recent homes sold in Laveen Farms for month of July 2014

$175,690 Average sales price for month of July 2014

63 Average days on market for home sold

July 2014

Currently there are 18 homes for sale in Laveen Farms.  Homes currently for sale range in price from $139,500 to $369,000.  Find below some information for recent homes sold:

5 Homes sold in Laveen Farms for month of June 2014

$165,750 was average sales price for recent homes sold

113 Average days on market for homes sold in June 2014

20 Homes currently under contract in Laveen Farms.

June 2014

Currently Laveen Farms has 22 homes on the market varying in price from $129,999 to $565,000.  Recent Laveen farms homes sold statistics are below:

11 Homes sold

$162,568 Average for Recent Laveen Farms homes sold

92 Average Days on market for recent Laveen Farms homes sold

May 1, 2014

Currently Laveen Farms has 22 homes on the market varying in price from $129,999 to $565,000.  Recent Laveen farms homes sold statistics are below:

10 Homes sold

$168,290 Average Sales price recent Laveen Farms homes sold

118 Average Days on market for recent Laveen Farms homes sold