The best way to discover your homes current market value is to review Recent Laveen Homes Sold. This is actually the method used by appraisers to determine value when they are conducting the valuation on a property for financing. The appraiser will review Recent Laveen Homes Sold within a close proximity to the subject property, and try to stay within 20% of livable square footage as well as property size. Reason the appraiser will do this is to compare similar homes when determining value. So, if you’d like to stay up to date with your home’s value, keep on eye on my blog about Recent Laveen Homes Sold, which will help keep the pulse of your Laveens home value.
If you are considering selling, i would recommend not only keeping track of Recent Laveen Homes Sold but also consider a specific property valuation. A home valuation will be a specific to your home, and will look at Recent Laveen Homes Sold that are the closest to your own home. I can’t speak for all Laveen realtors, but as for myself, when I give a free home market evaluation i also share what is currently going on in the Laveen real estate market. This will allow not just consideration of Recent Laveen Homes Sold, but also a review of your competition and market conditions.
If you’re ready for a FREE market evaluation, feel free to contact me or request one here. If you looking to stay up to date on Recent Laveen Homes Sold, read on. I will continue to update sales monthly so you can see Recent Laveen Homes Sold in popular subdivisions.
August 2023
Wow, I have been away for a while, and it shows. Let me start up again with providing numbers for our current real estate situation:
105 active homes for sale in Laveen Az
130 properties currently under contract
45 sales in the month of July
$316,000 was low sale
$490,000 was average sale price
$900,000 was the high sale price
41 was average time to sell
Comments – For a while now, I hear how some opinions are that values are dropping. If anything is dropping at this time, it is the number loan applications and refinancing, mostly due to the high interest rates. We have inched over the 7% interest rate for the last 2 weeks, and this has put pressure on many buyers. Yet homes under $2 million are still showing appreciation.
Laveen Az at this time, is still in a seller market. With just a little over 2 months inventory, homes are selling relatively quickly. We are not seeing the high volume of offers, and over ask prices, but homes are selling.
May 2023
Lets look at current numbers for the Laveen Real Estate market.
101 properties currently for sale in Laveen Az
132 properties currently under contract
71 properties sold in April 2023
$310,000 was low sale
$439,000 was average sale
$652,000 was high sale
62 was the number of days needed to sell
Comments – Inventory continues to go down, and this continues to favor sellers. We are again in a seller market, and we have also seen a reduction in percentage of sellers contributing to closing costs. Interest rates continue a little high, so many would be buyers are still looking to get some help to buy down interest rates.
February 2023
Lets start looking at numbers in a different way for Laveen real estate on this specific page. I will begin to share information also based on the cromford report.
Currently 138 properties for sale
76 properties under contract
48 sales per month
60 was average days on market for sales
Median price for monthly sales was $406,000
Contract Ratio – 55.1 which is heating up. This looks at the number of properties that have gone under contract relative to the number of active listings. This number shows that the Laveen real estate market is currently heating up. Also, we currently see the cromford market index at 115, which favors sellers. Supply has gone down, and so has demand at this time. These are all numbers that we must keep track of to see how the market unfolds in 2023. The PLUS is that contract ratio is showing that buying activity is improving.
January, 2023
Below are the most recent numbers which will help you gauge what is going on with the Laveen Arizona area real estate market:
161 properties for sale
54 properties under contract
71 properties sold in December 2022
$310,000 was low sale
$460,000 was average sale
$1.5 million was highest sale
61 was average time to sell
Comments – The real estate market has softened a bit, but the Laveen area still has a market index in the 117 range, down from 118. A balanced market ranges between 90-110, so we are coming down a bit but it currently still is a seller market. Demand though is down, and sellers are having to consider concessions when selling. Still a good time to sell…………….and to buy. Interest rates are down as well from the high of 7.5 we saw in late 2022. Word is, we could see interest rates go under 6%, which will likely see demand normalize again.
December 2022
Below are the most recent numbers which will help you gauge what is going on with the Laveen Arizona area real estate market:
174 properties for sale
100 properties currently under contract in Laveen
52 properties successfully sold in November 2022
$305,000 was the low sale
$481,000 was the average sale price
$803,000 was the high sale
54 was the average time to sell
Comments – Notice that the days needed to sell a home have continue to increase. While the number of active homes for sale has become stagnant in the last 30 days, the number of homes under contract and sold in the last 30 days has decreased a bit. The translation is that the market has slowed down. Average home sale price has also gone down a bit as well.
November 2022
Below are your most recent numbers for the Laveen Az real estate market. Missed a couple of months, but back again:
175 properties currently for sale
105 Properties under contract
57 sales occurred in October 2022
$350,000 was the low sale
$510,000 was average sale price
$2,500,000 was the high sale
46 was time needed to sell
Comments – We are in more of a transitional market at this time, and with growing inventory may soon see a buyer market. While home prices have not tumbled, we are seeing some downward pressure on prices and it is 100% due to the higher interest rates. Interest rates tend to follow the CPI trend, which at this point in beginning to trend down, meaning we may see interest rates going down by early next year. Time will tell.
June 2022
Below are the most recent numbers for the Laveen Az area:
117 available homes for sale
116 properties under contract
98 sales in the month of May 2022
$375,000 was the low sale
$494,000 was the average sale
$1,150,000 was the high sale
33 was average time to sell
Comments – Based on the above numbers, and what one can see from previous entries, the number of active homes for sale has INCREASED. While we are still in a seller market, at just above 1 month inventory, we are noticing the trend toward a balanced market. Translation: Buyers will have more choices, and sellers won’t have the upper hand for too much longer. We are likely to see the return of paying concessions for buyers closing costs, making repairs and not having multiple offers to choose from.
May 2022
Below are the most recent numbers for the Laveen area, as of May 2022:
55 properties currently for sale
135 properties under contract
72 properties sold in April 2022
$340,000 was the low sale
$471,000 was average sale price
$950,000 was the high sale
25 was average time needed to sell
Comments – We currently have about .76 months inventory, which is a significant seller market. We have seen this market for some time, and the trend appears to be continuing. Great time to sell when we have a shortage of inventory and when demand continues to be high.
March 2022
Below are the most recent numbers for the Laveen area, as of March 2022.
29 properties currently for sale
132 properties under contract
94 properties sold in February 2022
$368,000 was the low sale
$477,000 was the average sale
$1,250,000 was the high sale
41 was the average time to sell
Comments – We continue with some extreme low inventory at this time in the Laveen area.
February 2022
Below are the most recent numbers to show, what continues to be a seller market with appreciating home values. Will this continue? Time will tell, but once thing is for sure, interest rates are rising and that tends to have a downward pressure on appreciation.
27 properties for sale
154 properties under contract
79 properties sold in the month of January 2022
$330,000 was low sale
$454,000 was average sale
$972,000 was high sale
43 was average time to sell
Comments – Home values currently continue to go up, due to the low inventory and continued demand.
January 2022
Below are the most recent numbers which help us understand the Laveen Real Estate market:
46 properties currently for sale
148 properties under contract
94 properties sold in December 2021
$340,000 was low sale
$452,000 was average sale price
$800,000 was the high sale
35 was average days to sell
Comments – We continue with about half a month inventory, high demand, which in turn will likely see continued home appreciation. The F.E.D has stated they will begin to curb purchasing of mortgage backed securities, which will see interest rates begin to rise in 2022. So while home values continue to rise, we may begin to see a slow down of appreciation soon.
December 2021
Below are your most recent numbers showing the current Laveen real estate market trends and home values:
57 properties currently for sale
146 properties under contract
64 properties sold in November 2021
$340,000 was low sale
$467,000 was average sale
$855,000 was high sale
35 was average time to sell
Comments – Super low inventory continues, and as such we are still seeing a continued home value appreciation. Chances are, we will see a slow down of the degree of appreciation, but it looks to continue appreciating for now.
November 2021
Below are the most recent numbers that show the current Laveen real estate market.
66 properties for sale
134 properties currently under sale
66 properties sold in October 2021
$444,000 was average sale
$310,000 was low sale
$816,000 was high sale
30 was average days to sell
Comments – Seller market continues, and home values continue to appreciate.
October 2021
Below are the most recent numbers to help understand the current Laveen real estate market and trend:
67 properties currently for sale
129 properties under contract
73 sales in month of September 2021
$281,000 was low sale
$430,000 was average sale
$855,000 was the high sale
25 was average days on market
Comments – Inventory continues low, and demand continues to be above normal. This indicates we are likely to continue to see the current seller market for the near future, and as such prices are likely to continue appreciation! I would hope though, that appreciation rate does slow significantly, as the 18% plus is not sustainable.
September 2021
Below are the most recent numbers which show how the Laveen real estate market is doing:
59 properties currently for sale
110 properties under contract
78 properties sold in August 2021
$422,000 was the average sale
$320,000 was the low sale
$640,000 was the high sale
24 was the time needed to sell
Comments- Notice that the inventory is starting to grow at this point. While the inventory level remains low, under 1 month, we are seeing a very slow trend of increasing inventory. Values continue to appreciate at this time as well, and we are likely to see that for the rest of 2021.
August 2021
Below is the most current information for Laveen Real Estate trends:
48 properties for sale
107 properties under contract
92 sales in the month of July 2021
$426,000 was average sale price
$300,000 was the low sale price
$850,000 was the highest sale
21 was average time to sell
Comments – At this time, we continue to experience a seller market in the Laveen Arizona area, as well as much of Phoenix. Values are continuing to trend upward, though I believe the trend will slow down in the coming months. (appreciate… just not AS MUCH as we have seen in last 4 months). Great time to sell!!
We continue with a shortage of homes, and buyers are still anxious to buy! Often buyers are willing to buy, taking home with no repairs and paying TOP dollar.
July 2021
30 properties currently for sale
105 properties under contract
72 sales in the month of June 2021
$291,000 was the low sale
$408,000 was average sale price
$654,000 was the high sale
23 was the average days needed to sell
The seller market continues. We have less than 1 month inventory at this time. Yet…, there are degrees of seller market. We had/have been at a very high index market in the seller market range, but that index has been trending down. Should the numbers continue as they have been, we may enter a balanced market in the next several months.
June
Sorry folks, missed a month due to technical difficulties, but we are back now with current information on Laveen area sales:
31 properties currently for sale
58 properties under contract
$275,000 was low sale
$403,000 was average sale
$632,000 was the high sale
25 was average days to sell
Comments – Well, in the good news side, we have a few more listings than we have had in the last couple months. The down side remains, that it continues to be a SUPER LOW inventory of homes for sale. This is bad because it is tough for buyers to secure a home with all the competition. It is good for sellers, as values have continued to increase. Great – TIME t0 SELL.
April 2021
20 properties active and for sale
91 properties under contract
84 properties sold in March 2021
$234,000 was low sale
$379,000 was average sale
$706,000 was high sale
44 was average time needed to sell
Comments – It continues to be a crazy seller market, with low inventory and quick turnover. This is really an ideal time to sell. Call David Baker with any questions about the market, trends or to determine how to best sell your home.
March 2021
Most recent information for the Laveen Az real estate market is below:
19 properties currently for sale
102 properties under contract
81 properties sold in February 2021
$249,000 was low sale
$372,000 was average sale
616,000 was the high sale
41 was average time to sell
Comments – Crazy seller market, best describes what we are living. Values have been rising really since 2013 and they continue to appreciate today. Looking at this time last year, the MLS is showing a 22% increase across the board. I fear that is not really sustainable in the long run and at some point something has to give, right?
Predictions are that 2021 will continue as it is, a seller market with values appreciating. We have super low inventory, low interest rates and a Arizona population that is growing. They need a place to live, right? Yet, affordability may soon become a factor for many. Time will tell.
For now, great time to sell!! Also interest rates remain low, so also a good time to take advantage of those interest rates.
February 2021
We are one month into the new year, and below you will find the most recent information for Laveen real estate:
29 properties for sale
85 properties under contract
52 sales in January 2021
$220,000 was the low sale
$359,000 was average sale
$615,000 was high sale
37 was the average time needed to sell
Comments – Inventory continues to be very low, and home values are at the highest they have been in over 10 years. Great time to sell. Talk to your agent how you can price to sell for top dollar.
January 2021
Welcome to the new year. We have officially made it through 2020, lets all hope the world can find a way back to normal and without a pandemic going on. Below is the most recent information for the Laveen real estate market:
25 Properties currently for sale
87 properties currently under contract
70 sold properties in the month of December 2020
$155 was average $/sq ft
$327,000 was average sale price
$226,000 was low sale
$550,000 was the high sale
30 was time needed to sell
Comments – The low number of homes really says it ALL!!! In years past (2016/17/18) we have always had over 100 homes active and for sale at this time of year. We currently only have 25, and most are new builds. This is making it pretty tough for buyers, as they are REALLY having to compete to secure a home! Good for sellers thought!!
December 2020
Here we go, the last month of 2020 and what is going on in the Laveen Az real estate market:
43 properties for sale
107 properties under contract
76 properties under contract
$228,000 was low sale
$321,000 was average sale
$495,000 was high sale
23 was average time to sell
Comments – We will apparently end the year in a seller market………..just like we began. Low inventory, home prices continue to appreciate and this makes is great time to sell.
November 2020
Below you will find the most recent real estate information for Laveen Arizona:
44 properties active and for sale
128 properties under contract
68 properties sold in October 2020
$220,000 was low sale
$323,000 was average sale
$720,000 was high sale
30 was average days to sell
Comments – Seller market continues, with low inventory of homes and quick turn times in selling. Home values have continued to appreciate as well. Currently no market indicators of any forth coming change.
October 2020
Most recent Laveen real estate numbers are below:
53 properties currently for sale
116 properties currently under contract
75 sales in the month of September 2020
$215,000 was low sale
$725,000 was high sale
$312,000 was the average sale price
22 was average days to sell
Comments – No change in our Laveen and South Phoenix real estate market. Inventory continues to be super low, and home values continue to rise, and as such continues to be a great time to sell. Also, with interest rates at EXTREME lows, it is also a good time to buy.
September 2020
Below are the most recent numbers for the Laveen housing and real estate market:
46 properties for sale
112 properties under contract
66 properties sold in August 2020
$225,000 was low sale
$311,000 was average sale
$659,000 was high sale
35 was average time to sell
Comments – Seller market continues in Laveen, with only .69 months of inventory at this time. Buyers are having to compete with several offers to secure a home. Ideal time for a home owner to sell if considering.
August 2020
Find below the most recent information for the Laveen real estate market:
32 properties for sale
101 properties under contract
73 sales in the month ended July 2020
$215,000 was low sale
$314,000 was average sale
$660,000 was high sale
33 was average time needed to sell
Comments – We continue with a SUPER low number of active homes on the market, which of course makes it hard for buyers. In order for buyers to get a home, they must be fully prepared to see home, decide quick, and submit a strong offer with all supporting documentation or they will not have much of a shot to secure the home.
Sellers – it continues to be a seller market, and this low inventory is in your favor.
July 2020
Find below the most recent information for the Laveen real estate market:
23 properties for sale
101 properties under contract
63 home sold in month of June 2020
$215,000 was low sale
$316,000 was average sale
$679,000 was the high sale
33 was average time needed to sell
Comments – Not a lot of inventory, we have a very low number of active homes. This is making it tough for home buyers, especially first time buyers because of the high demand for the few homes for sale. For sellers, FANTASTIC time to sell, especially at the average to low price range.
June 2020
Below are the most current numbers for the Laveen Real Estate market:
30 properties for sale
97 properties under contract
63 properties sold in May 2020
$206,000 was the low sale
$307,000 was average sale
$610,000 was the high sale
38 was average time to sell
Comments – Not really much change in the real estate market in Laveen. Homes are still selling, and the inventory continues to be low. This is the ideal situation a potential seller should want! Looking to sell? This is a great time to do it.
May 2020
A little over of month of stay at home, has it affected our Laveen real estate market?
41 properties for sale
101 properties under contract
69 properties sold in April 2020
$207.500 was the low sale
$319,022 was average sale
$780,000 was high sale
48 was the average time needed to sell
Comments – The market in Laveen continues to benefit the seller – Yes a sellers market continues. .59 Months is the current inventory in Laveen Arizona, which is really Low!! To date, we really are NOT seeing any change to our market. I will say though, number of sales VS last May is down, and so too are the number of homes for sale.
April 2020
It has been a little under a week since Governor Ducey requested people stay home! How has this affected are market:
61 properties available for sale
109 properties under contract
55 sales in March
$220,000 was low sale
$298,000 was average sale
$565,000 was high sale
22 was average time to sell
Comments – At this point, there does not yet seem to be any slow down of the market. Values seem to be stable, listings to market is good, and sales are healthy. We continue with a low level of inventory (1.11 months) at this time, which is still a seller market. Interest rates have been low too, which continues to be a good time to buy.
Key factors to pay attention to, sales, homes to market, homes under contract and then some local stats such as un-employment and household income. Nationally the number of un-employment filings has exploded, and we will need to see how this could affect our market in the future.
March 2020
Below you will find the most recent numbers for Laveen real estate, and some comments:
34 properties for sale
88 properties under contract
69 properties sold in February 2020
$204,000 was low sale
$292,000 was average sale
$750,000 was the high sale
43 was average time to sell
Comments – The seller market continues in full swing, and as you can see home values continue to slowly appreciate. Sure the average monthly moves a bit, but trust me, home values continue to slowly appreciate. The questions is WILL THIS CONTINUE? There are some signs that maybe we could see a slow down, but signs are for the possibility, not yet anything showing in the real estate trends. For now, prediction is we will continue as we have been.
On the National side, interest rates continue low, as does un employment. Both are good signs, right? Yet GDP is also a little low, and generally bit lower than we like. When GDP falls below a certain percentage, business takes notice of a possible economic slowdown and can make some business decisions in preparation.(less capital expenditure, tightening of work force, etc) Time will tell on that front.
February 2020
Wow – Just WOW – it is incredible the Seller market we are experiencing at this time. See current numbers below:
34 properties for sale – YIKES THATS LOW
101 properties under contract
47 sales in last 30 days
$208,000 was low sale
$308,700 was high sale
$740,000 was high sale
44 was average days on market
Comments- Well, there is a huge WOW factor to me. This number of 34 active homes is CRAZY low inventory. Of all properties available or under contract – the 34 represents 25% of the properties for sale. That means that 75% are under contract and in the process of selling. Buyers have few choices, and sellers – WELL Sellers have the upper hand for sure.
This is ideal time to sell. With low inventory, prices at 10 year high, you could not ask for a better time. In addition, we have seen a slow down of appreciation, which is now at 4% vs the same time last year.
January 2020
Welcome to the new year. Let’s get started and see how we are starting out the new year in our Laveen real estate market:
66 properties for sale
59 properties under contract
55 sales in December
$212,000 was the low sale
$279,763 was the average sale
602,881 was the high sale
45 was the average time to sell
Comments – We have a seller market as we start of 2020, which is no different than the last 2 years in Laveen. Our inventory remains low, and this of course favors sellers. Home values have increased about 6% from last year (2019), which is less than the double digit increase we experienced since 2013. While many home owners may not like that, it is a good thing over all. Over 10% increase in home value yearly is NOT sustainable. At this time, there are no indication the real estate market is changing, I expect the trend we are in to continue. We will need to keep an eye on interest rates, global economy, the un employment rate and see what happens. It is after all, an election year……when we get the chance to vote for another candidate that will let us all down.
December 2019
Below are the most recent sales figures for Laveen Arizona:
63 properties active and for sale
73 properties under contract
57 properties sold in November 2019
$195,000 was the low sale
$277,096 was the average sale
$475,000 was the high sale
42 was average time to sell
Comments – As we come to the last month of the year, we can look back and say it has been a seller market ALL YEAR. We are seeing a slight slowdown in sales, which is seasonal and completely expected. Values are holding, and actually slowly appreciating to a tune of about 6% for the last year. The 6% increase is also a SLOWDOWN as previous years have been double digits. While a home seller may not like that idea of a little slow down, it really is a healthy thing to see at this time.
November 2019
Below are the most recent sales statistics for the Laveen area:
63 properties currently for sale
85 properties currently under contract
65 properties sold October 2019
$201,000 was the low sale
$299,811 was the average sale price
$519,500 was the high sale
52 was the average days on market
Comments – The current market continues with a low level of inventory which favors sellers. Not much change to the market at this time, so it continues to be a great time to sell as well to buy with low interest rates.
October 2019
Below are the most recent statistics for Laveen Arizona.
59 properties for sale
86 properties under contract
55 properties sold in September
1.07 current inventory
$202,000 was the low sale
$285,303 was average sale
$505,000 was the high sale
37 was average time to sell
Comments – No change, it continues to be a seller market with low inventory. Values holding steady appreciation, though appreciation has slowed compared to last year.
September 2019
Below are the most recent sales and statistics, which help me inform myself and clients about the Laveen real estate market:
59 properties currently for sale
83 properties under contract
65 properties sold in August
$213,000 was low sale
$293,176 was average sale price
$710,000 was the high sale
63 was average time to sell
Comments – Continues to be a seller market, with low inventory. I will say though, that on average homes are only selling for market value, not over! So price accordingly.
August 2019
Below are the most recent sales statistics, and numbers that help make sense of our local Laveen real estate market:
55 properties currently for sale
85 properties under contract
91 properties sold in last 30 days
$195,000 was the low sale
$264,738 was average sale price
$648,500 was the high sale
51 was the average time to sell
Comments – It continues to be a great time to sell in the Laveen area. We currently have a .60 month inventory, which means we have under 1 month inventory of homes!! Also, we are the highest home values in the past ten years. If you’ve been thinking of selling, this is a great time.
July 2019
Below are the most recent sales statistics, and numbers that help make sense of our local Laveen real estate market:
69 properties for sale at this time
107 properties under contract
85 properties sold in June
$150,000 was the low sale
$276,244 was the average sale
$500,000 was the high sale
46 was the average time to sell
Comments – Really not much to say beyond what has been said in the months past. We continue to have a low level of inventory, and as such the market favors sellers.
June 2019
Below are the most recent sales statistics, and numbers that help make sense of our local Laveen real estate market:
88 properties currently for sale
119 properties under contract
102 sales for the month of May 2019
$190,000 was the low sale
$274,683 was the average sale
$550,000 was the high sale – MY SALE
69 was average time to sell
Comments – As we go into the summer months we continue to see the increase in monthly sales, and inventory continues to be low. This means there could be higher competition for buyers on the purchase side, especially at the average to under average sales price. Great time to sell.
May 2019
Below are the most recent real estate statistics, and numbers that help me get a sense for the current values and trends in the Laveen area real estate market:
95 properties currently for sale
133 properties under contract
99 sales in April
.96 months inventory
$185,000 was the low sale
$268,157 was average sale
$535,000 was the high sale
65 was average days needed to sell
Comments – Wow, with the large uptick in closed units, we say inventory almost cut in half!!! This is great for sellers, as this means buyers have to compete even more, for the few houses available. Yet, don’t take this to mean folks are overpaying, on average homes that sold did so 1% under their list price.
April 2019
Below are the most recent real estate statistics, and numbers that help us get a sense of the Laveen real estate market:
119 properties for sale
132 properties under contract
67 properties sold in March 2019
1.78 months inventory
$184,000 was low sale
$265,571 was average sale
$475,000 was high sale
64 was average time to sell
Comments – Not much change, the market continues pretty much the same as it has been for over 2 years. Sellers market! We are seeing some signs on a national level (units sold is down, appreciation is down) which have not yet fully been seen here, but a change is likely coming.
March 2019
Below are the most recent numbers, hot off the press, with month ending February 2019:
138 properties for sale
109 properties under contract
52 properties sold in February
$195,000 was the low sale
$273,717 was average sale price
$535,000 was high sale
72 was days on market
Comments – We currently at 2.65 months inventory at this time, which of course still favors sellers. The talk around the real estate shop (realtors) is that we are possibly looking to the market shifting. So far though, the numbers I look at to gauge the real estate market are not showing the shift happening. We have a stable market, with inventory growing just a bit, and values holding steady (actually small appreciation). On a national level though, indicators are market is slowing, but Phoenix and Laveen is not yet experiencing it. That said, we are seeing less transactions than other years at this time.
February 2019
Below are the numbers reflecting current market as well as month ending January sale – basically a pulse of current market trends in Laveen real estate.
146 properties for sale
94 properties under contract
45 sales in January 2019
$180,000 was low sale
$271,167 was average sale
$440,000 was the high sale
54 was average days on market
Comments – Really not much change. While we see some fluctuation on days on market, or high, low or average sale price, they are generally real close. Market continues to be steady, with values slowly rising and favoring sellers as inventory remains low. Good time to sell – as there is less competition.
January 2019
Below are the most recent numbers for the Laveen area, for month ending December 2018.
137 properties currently for sale
66 properties under contract
58 properties sold in December
$175,000 was low sale
$259,285 was the average sale
$450,000 was the high sale
48 was the average days on market
Comments – Seller market continues. Values are holding, actually values have gone, but so has inventory.
December 2018
Below are the latest real estate numbers for Laveen area, for month ending November 2018.
125 properties for sale
91 properties under contract
61 properties sold in last month
$268,135 was average sale price
$128.61 was average $/sq ft
$185,000 was low sale
$632,000 was high sale
47 was average time to sell
Comments – It continues to be a seller market. At this time inventory is growing, slowly, and if the trend continues we could be headed toward a shift.
November 2018
Below are the latest real estate numbers for the Laveen area, month ending October 2018:
127 properties for sale
89 properties under contract
74 properties sold in October
$187,000 was the low sale
$256,828 was average sale
$470,000 was the high sale
41 was average days on market for sold homes
Comments – With 1.71 months inventory, it does continue to be a seller market. We did see a spike though in the inventory for the last couple months, that may indicate a market shift is coming. We will need to keep on eye on the trends. For now – good time to buy and sell.
October 2018
Below are the latest numbers and sales information for all of the Laveen area, month ending September:
118 active properties for sale
106 properties under contract
66 properties sold in September
$190,000 was low sale
$262,174 was average sale price
$488,500 was high sale
55 was average time to sell
Comments – Over all the market continues to be the same, with the market favoring sellers. The inventory levels remain under 3 months at this time. Still a great time to sell.
September 2018
Below are the latest numbers and sales information for all of Laveen, month ending August 2018:
116 properties currently for sale
105 properties under contract
79 sales in August
$253,903 was average sale price
$179,000 was low sale
$405,000 was high sale
43 was average time to sell
Comments – Interesting numbers, time to sell went up, and number of properties under contract going down, and number of active listings has grown. Is this a new trend? If it continues we could see the market shift, which many are speculating is happening.
Still a seller market with 1.47 months of current inventory – so still a great time to sell.
August 2018
Below is the most recent sales information for the Laveen real estate market, month ending July 2018:
98 properties active and for sale
116 properties under contract
78 sales in July
$262,248 was average sale price
$175,000 was the low sale
$494,000 was the high sale
35 was average time needed to sell
Comments – We stand at under 1 month inventory right now, which means we have a low level of inventory. Homes that are indeed price well, and are at the lower price levels – are selling pretty fast. While it is a seller market, and this favors home owners selling, the average home is still selling at market value.
My point in that last statement is, that buyers are NOT paying over market value for homes. Price it right
July 2018
Below is the most recent information on the real estate market for Laveen, month ending June 2018.
99 properties for sale
116 properties under contract
84 sales in month of June
$270,696 was average sale price
179,900 was low sale
$475,000 was the high sale
46 was average time to sell
Comments – Laveen continues in a seller market, and that means it continues to be a great time to sell. Values also, steady and showing increase since same time last year.
June 2018
Below is the most recent information on the real estate market for Laveen, month ending May 2018.
90 properties for sale
124 properties under contract
87 properties sold in May 2018
$254,661 was average sale price
$196,000 was low sale
$515,000 was high sale
58 was average days on market
Comments – We currently have low inventory, which has been the case for well over a year. Values have also been rising steadily for several years now, and this looks to continue, at least for the short term and looking at the numbers. It continues to be a great time to sell! Homes priced well, are selling quickly.
May 2018
Below is the most recent information regarding Laveen real estate, and the trends in the market:
90 properties currently for sale
136 properties under contract
64 sales in the month of April
$267,868 was average for ALL property types
$177,000 was the low sale
$489,999 was high sale
51 was average time for homes that sol
Comments – 51 days is pretty quick to list, market and sell a home, and that is the average of all homes sold. We currently have 1.41 months of inventory, and this continues to be a seller market. Values have increased since January 2013, that is going on 5 years of home appreciation. With low inventory, and values up, it is a good time to sell if you are considering.
April 2018
Below is the information for month ending March as well as current property for sale information:
108 properties for sale
111 properties under contract
70 properties sold in last 30 days
$257,944 was average sale price
$118.97 was average $/sq ft
65 was average time to sell
Comments – Well, there really has not been much change in the Laveen real estate market for well over a year. It continues to be a seller market in Laveen. Values have gone up year over year, for about 4 years now. Interest rates now are also at the highest they have been for years, and are expected to go higher. The questions is, will the market begin to change? For now, there does not seem to be any indication of a change.
March, 2018
Below is the latest information:
108 homes for sale
99 homes under contract
76 sales in February
$261,986 was average sale price
$121.45 was average $/sq ft
65 was average time needed for those homes that sold
Commentary – Still a seller market, with low level of inventory which means still a good time to sell Values have been rising since January 2013, that is going on 4 years, will it continue? Time will tell, but the numbers for now are consistent and indicating we are on a course to stay the same, which is an appreciating market……….slow but steady.
February 2018
Below is the latest information, for Laveen real estate:
125 properties currently for sale
97 properties under contract
44 sales in January
$253,055 was average sale price
$113.15 was average $/sq ft
72 was average days on market for sold homes
Commentary – A good solid start to the year. We continue in a seller market, and home values are slowly continuing to appreciate. Great time to sell.
January 2018
Find below the information to start the 2018 calendar year:
109 properties currently for sale
76 properties under contract
57 properties sold in December 2017
$237,914 was average sale price
$112.08 was avg./$ square foot
66 was average days on market
Commentary – Starting off the year pretty much as we left off, which is to say a seller market. Values have increased since this time last year, about 9%.
December 2017
Find below the latest information for Laveen real estate, market values and trends, as well as recent sale information:
126 properties currently for sale
87 properties under contract
72 properties sold in November
$247,096 was average sale price
$112.54 was average $/sq foot for homes sold
76 was average time on market, for homes that sold
Commentary – Not really much change, actually as we close out the year I can say that this has been a VERY stable year in the Laveen real estate market. Values have shown slow appreciation, and the inventory level has been constant……..which this year is to say inventory was steady and LOW. This in turn really translates into a great time to consider selling.
Homes DO sell during the holidays.
November 2017
Find below the latest information for recent Laveen home sales, which of course can help show trends for our local real estate market:
134 properties currently for sale
94 properties under contract
60 properties sold in October 2017
2.23 months inventory/turnover rate
$243,933 was average sale price
$108.64 was average $/sq ft
61 was average time to sell
Commentary – Inventory turnover remains about the same, which of course keeps us in a Seller market. This does mean we continue in the seller market and of course means a great time to sell. Again, this marks about 4 full years of appreciation!
We did see a drop in active homes for sale, and also a drop in number of monthly closings. This of course is normal, as we do see a seasonal slowing going into the holidays – which are coming fast. Keep in mind HOMES STILL SELL in the holidays, just not as many.
October 2017
Find below the latest and greatest, the most current information for Laveen homes, values and trends:
151 properties currently for sale
89 properties under contract
68 properties sold in September 2017
2.22 months inventory
46 was average time for homes sold
$239,707 was average sale price
$114.72 was average $sq ft
Commentary – Not much change from months past, with a low level of inventory and a continued seller market. We have started to see a slowdown that is customary as we come out of the summer months. Values hold steady, and prediction are that we will continue with this type of market, and continued slow appreciation.
September 2017
Below is latest information for Laveen Az sales:
144 properties for sale
106 properties under contract
75 sales in August
1.92 months current inventory
$235,209 was average sale price
$113.36 was average $/sq ft
64 was average time to sell
Commentary- In all, it continues to be a seller market. This in essence, means it continues to be a good time to sell, as sellers have the upper hand. With low inventory, buyers are many times having to compete a bit for homes. Yet, I am not seeing a huge amount of craziness out there, buyers are buying and paying market value but not over. So price it right, and you may be able to negotiate a better NET, because………all homes I’m seeing are being purchase by LOANS. So, it will have an appraisal, and value MUST be there, if not the deal will fall apart.
Price it right, get it sold.
August 2017
The most recent sales information below:
145 properties for sale
100 properties under contract
81 properties sold last in July
$106.93 was average price per square foot
$236,218 was average sale price
48 was average time to sell
1.79 is current inventory
Commentary – While we do see some fluctuation in inventory, number of active homes, all is what I would call very steady. It continues to be a steady seller market, and with values having appreciated for 4 years now, still a GREAT time to sell.
Many publications I’ve read, and some indicators point to a possibility of a housing slow down. Will it happen? In the end, only time will tell.
July 2017
Below are the most recent numbers, for the month ending June 2017
154 properties for sale
145 properties under contract
112 sold in June
$234,631 was average sale price
$108.95 was average $/sq foot for sold homes
1.38 months inventory of all property types
48 was average days to sell
Commentary – Not much to say, it continues to be a seller market, with low inventory, especially in the under $225,000 price range. Homes are still selling quick, but not over ask price. Notice days on market for sold is 48, yet active average is 66, showing many may be overpriced.
June 2017
Below find the most current numbers, these for the month ending May 2017:
150 properties active and for sale
144 properties under contract
89 properties sold in May 2017
$110.84 was average $/sq ft
$235,620 was average sale price
1.68 current months inventory
66 was average days on market
Commentary – Really not much change. We continue in a seller market, interest rates are still low, so in my mind great time to both buy or sell.
May 2017
Below is the current and recent sales for month ending April 2017:
156 properties currently for sale
138 properties under contract
72 properties sold in April
2.16 months inventory
$111.59 was average $/sq ft
$220,109 was average sale price
47 was average days on market
Commentary – Values are still holding pretty steady, with of course some year over year appreciation. Inventory still continues pretty low, so we continue in a seller market. Even though we are in a seller market, the average for the month was a sale on average 1% less than the ask price. Point is, we are in a seller market, homes priced below $250,00o are selling pretty fast. Homes over that price, well market changes a bit more toward a transitional market.
April 2017
156 properties for sale
114 properties under contract
84 properties sold in March 2017
1.85 months of inventory
$110.90 was average dollar per square foot
$231,284 was average sale price
72 was average days on market
Commentary – Can’t really add anything exciting to the Laveen real estate market update. The last year has pretty much been the same, it is a seller market. Inventory remains low, and homes in the lower price levels are selling pretty quickly.
That being said, it is a GREAT time to sell. Values have gone up steadily since 2013. The biggest jump in 2013 itself, but slow appreciation since then. Many home owners are no longers upside down, and equity has returned. Yet for some reason, many homeowners are not selling yet, and inventory remains low……..great time to sell.
March 2017
137 properties currently for sale
115 properties currently under contract
65 properties sold in February 2017
2.1 months of current inventory
74 was the average days on market for homes sold
$110.37 was the average $/sq ft
$237,254 was average sale price for month
Commentary – Well, overall the Laveen real estate market continues on as it has been. It is a seller market, with a low level inventory of homes. Homes are on average selling in around the 2 month period of time, and for within 3% of original list price. We did see a 8% increase in number of units sold vs. year previous. We did also see a increase in home values comparing values from a year ago per square foot of about 10%. In short, we see a seller market, with normal appreciation and it continues to be a good time to sell.
February 2017
135 properties are currently for sale
103 properties currently under contract
57 properties sold in January 2017
2.37 is current absorption rate or inventory
64 was average days to sell for sold homes
$106.10 was average $/sq ft
$210,344 was average sale price
Commentary – Well, with the current 2.37 absorption rate, the market is still a seller market. Though we did see a growth over the previous month’s inventory, the market still does favor sellers. This is more true for homes that are under the $225,000 mark.
Good time to sell? Sure, it is a great time. Home values have gone up over the last 3 years, and most folks now have equity again. We are not likely to see the double digit increases as we did in the last years, as that was a correction happening. At this point, we are likely to see normal, slower appreciation.
January 2017
Here is how we are starting the year with my ongoing article on recent laveen sales:
142 properties actively for sale
98 properties under contract
85 properties sold December 2016
1.67 is current inventory level
65 was average days on market
$106.33 was average $/sq ft
$230,034 was average sale price
We have seen appreciation as stated in December. Values have risen a bit, though I would call the Laveen market stable. Homes that are selling are selling relatively quick, and those over priced, well they sit on market. Homes for the month sold on average for 1% under their list price. Looking at the active properties, they are on average listed for $11 a square foot MORE than the average for solds. Pricing a home right, is KEY to making sure it sells.
December 2016
Last entry for the year, and then we will be giving you updates for 2017. Year did see a lot of sales in Laveen, actually about 897 give or take year to date at time of this posting. Likely we will end up over 900 or so for the year. Not the most sales we have ever seen in Laveen, but it is a really healthy real estate year.
159 active properties for sale
137 properties currently under contract
86 homes sold month ending November 2016
$109.62 was average price a square foot
$214,213 was average sale price
71 was average time to sell
1.85 months of current inventory
So we did see appreciation, if you look at average home values for December 2015 vs 2016 you will see at least a 4% increase. Course one could also look at average dollar a square foot and you’ll see a 10% increase. Which is right? Truth is, statistics are all in the way you slice them, but I can tell you this………home values have gone up in Laveen for the year. Will this trend continue in 2017? Time will tell but some factors that will contribute to it will be interest rates, the labor market and the over all economy. Interest rates have been at all time lows for several years, and are predicted to begin increasing. This may lead to less affordability for many, as purchase power will go down. As to the economy and labor, indications are that we have recovered from the recession.
November 2016
Wow, year has been going fast. Here we are with only 2 months left, and the holiday is right around the corner.
173 properties for sale
139 properties under contract
81 properties sold October 2016
$140,000 was the low sale
$480,000 was the high sale
$230,213 was the average sale
55 was average days on market for homes sold
2.13 current months inventory
Again, it is pretty steady. Values are holding, actually appreciating so far this year, and inventory continues on the low side. It is a seller market.
October 2016
Lets review numbers for the month ending September 2016 and see how the Laveen real estate market is doing. For specific subdivisions, look further under the Recent Laveen homes sold tab.
169 properties currently for sale
128 properties under contract
80 properties sold in the month of September
$155,000 was the low sale
$538,000 was the high sale
$225,936 was the average
77 was average days on market for homes sold
2.11 is the inventory for the month
Pretty steady as she goes in the market. Laveen continues in a seller market, and we did see a slight increase in the market inventory. Homes are still selling, and many priced right go under contract pretty quickly.
September 2016
The month of August 2016 has just wrapped up, and we can now look back at recent sales information, and see if there are any significant changes.
147 active properties for sale
165 properties under contract
115 closed transactions in August
$105.74 was the average dollar a square foot
$212,346 was average sale price
53 was average time to sell
$111,100 was the lowest sale
$402,000 was highest sale
1.42 is absorption rate or months inventory
We currently do have less inventory than we have had in years past, at this point we continue in a seller market. Homes that are listed at market value are selling fast, especially those under $225,000. Values hold steady, with some fluctuation as you can see throughout this year, though some appreciation is evident. Time to sell, also consistent.
At this time, no real changing trends, things appear to be continuing as they have been.
August 2016
Welcome to this post and edition of what is occurring in the Laveen real estate market. Below are active properties and sold information for homes for month of July 2016.
183 properties currently actively for sale in Laveen
150 properties currently under contract
95 properties sold in July 2016
$100.18 was average $/sq foot for homes sold
$216,126 was average sale price
60 was average days on market
$140,000 was the low sale price
$447,000 was the highest sale in Laveen for July 2016
1.92 is absorption rate or market inventory. Laveen continues to experience a seller market, especially in the lower price ranges.
July 2016
So again, in case you are a first time reader, I will be looking at current homes on market as well as homes sold in last month.
165 properties currently for sale
162 properties currently under contract
89 properties sold in month of June 2016
$106,500 was the low sale price
$425,000 was the high sale price
$214,977 was the average sale price
53 was average time to sell homes – those that sold of course
1.85 is current absorption/market inventory – this is a seller market still
This is the RIGHT time to sell if you’re considering. Home values have gone up a fair amount staring back in January of 2013. Also, with lower inventory homes are selling relatively quickly, as seen with the 53 days on average time to sell.
June 2016
Lets look at numbers for the month ending May 2016.
179 properties for sale
159 properties under contract
106 properties closed in May 2016
$102.11 was the average price/square foot for homes that sold
$213,653 was average sale price
77 was average days on market
1.68 month inventory at this time
Over all, not much has changed since last month. I really have a hard time trying to make the post interesting, because there really is not much change or fluctuation in the Laveen market. We are currently in full summer sales mode, where we do see a higher number of homes sold, mostly because families tend to make their move at this time of the year. Over all though, the market has been steady all year. Yes some fluctuation on $/sq foot but all within reason, and if you look at the last several months you notice averages have been pretty close to the $100 a square foot mark. If you have any specific questions, please don’t hesitate to call.
May 2016
A look at month ending April 2016 numbers.
159 properties for sale
163 properties under contract
79 properties sold in Laveen April 2016
$98.41 was average $/sq ft
$205,878 was average sale price
64 was average days on market
We are in a seller market in Laveen. While the market does benefit the seller though, the majority of closings are selling under list price, and often will seller assisted closing cost help to buyers. Don’t kill the messenger, but that is what is being seen. Homes under $200,000 are selling pretty fast, those over are selling at a slower pace. Looking over 300K, and now it is a buyer favored market. Looking to sell, well know your market in order to put together best sales strategy.
April 2016
151 properties currently for sale in Laveen
160 properties under contract
83 properties sold in Laveen month of March 2016
$137,000 was the low sale price
$350,000 was the high sale price
$204,942 was average sale price for month
$103.51 was average $/sq ft for homes sold
63 was average days to sold
Laveen Arizona recent home sales and current inventory point to the fact that the area is experiencing a seller market. This has been the case for several months at this point, and likely will continue for the near future, baring some unforeseen occurrence. Interest rates remain low, there is some great first time home buyer programs, and buyers are indeed buying. The prices that sell the fastest are the below $250,000 range, with the over $250,000 range actually being in a buyer market. It pays to know your market, and your competition.
March 2016
149 properties currently for sale
142 properties under contract
54 properties sold in February 2016
$135,000 was the low sale
$361,500 was the high sale
$217,395 was the average sale price
$100.30 was average sale price per square foot for month ending February 2016
70 was average days on market for homes sold
Homes are selling in the Laveen real estate market. Yet, as any realtor in the Laveen area should be able to tell you, those homes that are selling are the ones that are priced right. Notice the average days for sold homes, compare to the active days on market which is currently 89. What is happening, is that some sellers feel they want to get either over ask price or at the very least over price the home and leave room to haggle. Problem is, that homes that are over priced are not being shown, and as such are not receiving offers. After a period of time with no offers on homes, or showings on the home, the sellers will begin price drops. Once property gets to market value, it begins to show.
Feberuary 2016
153 properties on the market for sale
130 properties under contract
41 properties sold in January 2016
$115,500 was the low sale
$500,000 was the high sale
$206,451 was the average sales price for homes sold
76 was average days on market
98% was average sales to list price
What is going on in Laveen home values and real estate market trends in Laveen? Well a key indicator at this time is the absorption rate or market inventory, which based on active properties and recent sold is at 3.6 months. This is technically a buyer market, though you’ll notice more of a transitional market at the lower price ranges. In the end, if homes are priced right, they are getting some showings and potentially selling.
January 2016
175 active properties on the market for sale in Laveen Az
97 properties under contract
93 properties sold in Laveen the month of December 2015
$127,000 was the low sale
$475,000 was the high sale
$212,706 was the average sale price
71 was the average time on market.Wow, what a month for Laveen real estate. We saw a huge number of closings, and this really was not normal. There was 93 closings, which is what we may see during the summer months, which is a time of higher number of sales. Inventory is a little low right now, and we have about 1.88 months of inventory/absorption. This is what is generally a seller market, by the numbers. Of course the high number of sales, off season is kind of throwing us for a curve. Homes are indeed selling, but only those priced correctly.
December 2015
You can find the below chart under the seller tab, on the Laveen Market updates section. Lets us look at numbers as of today for all Laveen and see what is happening.
174 active properties for sale in Laveen Az
143 properties currently under contract
56 Homes sold in Laveen Az last 30 days
60 was average days on market for those sold
$99.03 was average $/sq ft
$206,055 was average sale price
$335,900 has been the highest sale Price
3.11 is current turnover rate/inventory
Homes are still selling, even though we are going into the holidays. We have seen an increase of active listings, and slowdown of closings, though this is a seasonal occurrence. Home values have increased this year by about 5% give or take. Word to describe the year, stable. Values have been very consistent. Inventory has been growing steadily, as has the absorption, which should trend continue further will be to the buyers benefit. Already we are seeing a slow down of the multiple offers. To sell a house in today’s market, need aggressive marketing, huge exposure and being well priced. Numbers are showing, with a lot of certainty, homes that are not priced well are NOT selling.
November 2015,
Lets look at recent sales data for the month ending October 2015 for the Laveen Az real estate market.
Number of active listings, depicted in the top left chart shows an increase which has not been trending for about 4 months. Also, sales in the same graph, though in my opinion are very stable are showing the seasonal slowdown. With increase in active listings, decrease in sales, we are seeing that for all properties in Laveen Az – we are now over the 3 months absorption rate. Translation, we are leaving the seller market we have experience for a majority of 2015, and entering a transitional/buyer market. If one was to look specifically at single family homes, or even laveen az horse property, one would see a good bit over 3 months inventory, which is a buyer market.
I had wondered about the disparity last month with the hike in average/median sale price. It was indeed because of an uncharacteristic number of horse properties and higher end homes that sold, and now we see that avg/median sales prices came back down. On average homes are still selling for about $180,000 in the Laveen Area. Keep in mind, this is basing the entire zip, and lumping all properties together. The point is you really want to look at more specific homes if thinking of selling, or call me to review the market, the home value and marketing strategies.
October 2015
So what is our handy chart showing us about Real Estate in the Laveen Area? Well, listings that are active are starting to increase and have been increasing now for 3 straight months. Number of monthly sales are down, but this has been very stable based on previous year numbers, so we are still selling. We had been approaching 3 months absorption rate/inventory, based on the above chart but saw a slight decrease in month ending September. Funny thing though, I chart my numbers as well on a weekly basis, and I show that for single family homes alone we have been increasing and will likely be at 3 months by November. Saw a pretty significant increase in the average/median sale price for month ending. I think time will show that the number was skewed a bit because we saw several higher end homes sell in the month – not usually the case. Lets check on that next month and see what happens, because over all the avg/median sales price had been extremely consistent. Regardless, you can see that some home owners are still over listing homes, as the average/median list price is still over that of sale price by about 15-20 thousand.
Lastly, the list to sold ratio tells the story that homes that sell at their original list price are selling on average about 3% under list price. Those home that sell that were over priced, still sold under their LAST list price as well, and that is after price drops.
In a nut shell, we are still in a seller market but appear to be heading to a buyer market should current trends continue.
September 2015
Listings are starting to go up in Laveen, which may be the start of some change in the Laveen real estate landscape. Sales have continued steady, of course we saw the summer seasonal increase, but we are starting to see it level off as it does this time of year. We are seeing that the absorption rate/months inventory is starting to grow a little. Should this trend keep up we may find that we have moved from a seller market to more of a transitional/buyer market. Should this happen, the upper hand which has been leaning toward the seller may see a change to benefit the buyer. Prices have continued pretty steady, though we saw an increase over the course of the last year, slight it best, which is to say not much.
Keep an eye out, we may be seeing a change in the next month! If considering selling, make sure you know what is going on, or at least that the agent you choose should!
August or Month ending July 2015
Well, over all the real estate market in Laveen Az continuous as it has been. Pretty steady over all, I like to say. If you look at the attached statistics provided through the multiple listing service, one can view several things about the market.
So one can see based on the left chart, that for the last 12 months inventory has been on the decline. Yet we did stabilize in May through today, and actually see a slight increase in inventory in July. Sales which is the black line on the left chart, shows of course the summer seasonal increase, yet overall it has been very steady with number of sales. What is still very interesting is that the chart on the right shows that the average median sales price has been very consistent. Anywhere from about $168,000 to about $178,000 give or take. Some months we have higher values sales like horse property, and other months not, so it does have some fluctuation. Over all though, as I keep track of average of $/sq ft. has been pretty consistent. Biggest thing to note as a seller, homes are not on average selling for over market value. Notice in right chart the average median sales price (black line) vs. the average median active list price (red line). There is a big spread, and those homes over priced are active for a reason. People/buyers are not paying over market value, even if we have a low level of inventory and it is a seller market. I f you would like a view at information for South Phoenix market updates, visit my website at http://phoenixlaveenhomes.com/south-phoenix-home-values/
July 2015
I like to start saying again, as always, these numbers are from the entire zip code. If your looking to sell a specific home, you really should use similar homes to help determine value. Need help, call a Laveen realtor such as myself, and we will be happy to help. Lets examine the MLS statistics charts for the month ending (and last 12 months) for number of active listings, sold and average sales prices.
The the first chart above on the left will the number of active listings as well as those sold over the last 12 months. The red line is the active homes on the market, and we can see that over the last 12 months the inventory level has been dropping, though we see a little increase over the last month. Being summer, and our busiest time of the year in real estate in the valley of the sun, you can see that the number of homes sold has increased a bit. This is a seasonal trend, and happens every summer. Over all the number of sales has been very consistent. While not seen in the charts above the number of months inventory we currently have on hand is shy of 3 months, and even less for single family homes. Yes, a seller market. This of course benefits the seller and with the reduced inventory of homes buyers are having to compete a little for those homes currently available. So are homes selling above asking prices, or above market value? The above chart shows the disparity between the active median list price and the sold median list price. What is interesting is that the chart shows a gap of about $38,000 of where some sellers think there home will sell, and where the average home is actually selling. It appears that buyers are competing for active homes on the market, but they are not paying above market value. Makes sense when the vast majority of homes being purchase are using financing. Let us not forget that financing a home requires an appraisal, and the value must be there for the loan to be made. No value at the purchase price, no loan.
Here are the numbers this month:
148 Active properties for sale in Laveen Az
146 Active single family homes for sale
146 homes currently under contract
92 recent homes sold in Laveen Az
$92.67 was the average $/sq ft. for homes sold
$204,145 was the average sale price
$445,000 was the highest sale price in June 2015 for Laveen
June 2015
Again, what better way than reviewing recent sales to determine home value. Well, if your interested in selling, it is best to look toward similar homes within your subdivision, size and more. Yet, for this article, we will lump the 85339 zip code into one large category. So the month ending May 2015 saw a total of 68 homes sold. The average sale price was $190,361 with an average dollar per square foot of $87.80. We are seeing that inventory continues pretty low, but over all home values have been consistent at best. While it in normal to see values going up when inventory is low, that has not been the case so far. We are currently at the lowest inventory we have had since 2013. The current inventory is that of 1.96 months, which is in a seller market. While we are seeing competition for well priced homes, buyers still do not appears to be over paying for homes. Again, in short, values are steady. Most homes appear to be selling below their original list price, by on average 2%.
130 Active homes for sale in Laveen
159 homes currently under contract
Hope this helps. Considering selling, give me a call and let us review your specific home value. David 602.373.6345
May 2015
Well, going on the below chart provided by the local MLS, where do we stand with Laveen Real Estate – Lets dive in!!
Not that you can see the above chart that well, but let me explain. Inventory while it has been decreasing saw a little increase this month ending. Also, month inventory went up a slight bit as well, due to that increase in active listings. What is interesting is days on market, 3rd graph on left, shows decrease of days on market for homes sold. So because of smaller inventory homes listed at a good price, are selling pretty quick. We are still seeing a pretty large disparity of about $35,000 from what some sellers think their homes are worth, and what homes are on average selling for, top right chart. Also the list to sell ratio is still showing that on average homes are selling for about 2.5% less than original list price. Those that had price drops, even multiple price drops, are on average also selling for 1% on average below list after price drops. Pays to price it right!!
It is a good time to sell, as we are coming into the busier real estate market. Late spring, summer are the best times for buying/selling real estate in Phoenix and Laveen.
April 2015
I have shared this on another page, but frankly it is really important stuff, so here goes again.
It is really starting to shape up to be a great time to consider selling your home in Laveen at this time. The reason, there is a lower inventory of homes and this makes it a sellers market. Yes, going by the numbers we are at less than 3 months inventory and this tends to favor sellers. While you may not see the multitude of offers that were coming in in years past, you will see good activity on your home. That being said, it still must be priced right! We are still seeing average days on market going up, and the spread between the average list price to sale price is about $35,000 difference. This just goes to show, buyers are buying, but they are not over paying for homes.
139 active homes for sale in Laveen
140 homes currently under contract
80 homes sold in Laveen last month March 2015
$89.51 average $/sq.ft properties sold
$189,405 average price of home sold in Laveen in March
99 days on market, average for homes sold
$110,000 lowest home sale in laveen in March
$500,000 highest home sold in Laveen in March
February, 2015
Inventory levels are dropping, and with that home sellers have a better chance at selling!! Yes, we are at least for the time, in a seller market for Laveen single family homes. While the numbers do show a 2.6 month inventory, we are still not seeing other tell tale signs of a normal seller market. Those might include multiple offers, and possible price increases. Actually prices have been incredibly stable, days on market for homes sold has been going up, and homes are selling for less than list price. This last comment, is likely due to homes being listed above market value, and taking longer to sell after price drops.
See chart below to follow activity for month ending February 2015.
January 2015
The month ending January 2015 saw about 5o homes sold for the month, which is up from the sales closed in the same time 2014. Over all the Laveen real estate market continuous on a stable course. Values have not been going up or down, so that indicates stability. Looking at numbers or averages for the year ending 2014, we saw homes stay within the $180,000 to $200,000 range. Of course those values when looking at the zip code as a whole can vary depending on what sells in any given month. January sells as mentioned saw an increase vs. the same time last year. The interesting thing is that we actually have less inventory today, than we did one year ago. Yes inventory 1 year ago was 4.6 months, and today we are at 3.5 months. This may help sellers a bit, as the reduced inventory gives buyers a little less selection to choose from when buying.
169 Homes currently for sale
111 Homes under contract
51 homes sold January 2015
$202,156 average sales price for homes sold January 2015
$92.14 average dollar per square foot sold.
Caution – I would not recommend using the above $pr/ft as a way to determine value of your home. This number is based on ALL homes sold in Laveen for the month, and gives an average. This will likely not be the value of your home, as you must compare similar properties.
December 2014
Lets look at the month ending numbers for Laveen Az, the month of December 2014. Much like before, the year can be best explained as steady. We saw a pretty steady number of listings, pretty steady number of closings, and over all a pretty steady value of homes. While indicators early in 2015 and economists say 2015 can see housing market recover more, I don’t think we can plan on any double digit increases in value, that is not likely to happen again.
177 Active homes for sale
92 Homes currently under contract
55 Homes sold and closed in Laveen Az for month ending December
$186,683 Average price of home sold in December 2014
$114,900 Lowest sale price
$373,000 highest sale price
November 2014
What has been happening with Laveen for the month ending November 2014? Boring year, not much change one way or the other. We are still in a pretty good buyer market with 4.48 months inventory. Prices have remained pretty stable for most of the year, and while we are slowing down for the holiday, homes still are selling.
Active homes 202
95 homes currently under contract
45 homes sold in Laveen November 2014
$189,166 average sales price
$123,900 Lowest price in Laveen November 2014
$330,0000 highest sale price in Laveen November 2014
October 2014
Welcome to recent Laveen homes sold for month ending October 2014. The market is continuing on a steady course, and we have not really seen values fluctuate much, which has been the norm for almost a year at this point. We still have a little over 4 months inventory of homes for Laveen at this point in time. We are also going into our slower season, but do keep in mind we still see many homes sell in the holiday season. So if you are considering selling, if home is marketed correctly it will sell.
Looking at the numbers:
212 Active homes for sale in Laveen Az
62 Homes sold in Laveen Az for month of October
$189,428 Average sales price for homes sold
$120,000 Lowest home sale in Laveen Az in October
$326,000 Highest price home sale in Laveen in October
94 Average days on market for homes sold
September 2014
For the review month ended September 2014, lets review a chart I’ve downloaded from the regional multiple listing service. For those who are not familiar the MLS as it is called, is the real estate portal all real estate agents use to list and market their homes within the real estate community. Also, the mls provides internet widget or feeds to many realtor websites that show active or current homes for sale. The bottom line, is that it is the ware house for all our housing information including current homes on the market and sales dating back for several years.
Today, I will be using the attached chart to show what is going on in the Laveen real estate market. Number of listings top left of chart will show an increase in inventory for Laveen over the course of the last year. We are also seeing an increase in new listings to the market compared to the same time last year. The number of homes that sold in the Month of September was 72 sales, which give or take was about the same as last year. So again, more listings on the market now, more new listings, same number of sales, basically is showing a growing inventory which can be seen in 3rd chart as Laveen is at over 4 months inventory.
Last chart shows the sold to list ratios. We are seeing two trends, one is reduction in list prices and the other is homes selling for less than list.
July 2014
Find below recent Laveen homes sold stats for the month ending June 2014. We currently have 224 active homes for sale in Laveen Az, ranging in price from $91,900 to $950,000.
79 Recent Laveen homes sold in month of June 2014
$202,868 Average sales price of Laveen Homes sold June 2014
89 is the average days on market for Sold homes in Laveen June 2014.
May 1st 2014
Recent Laveen homes sales statistics for month of April are shown below. We currently have 224 properties on the market. Prices for active listings range from $120,000 to $950,000.
68 Recent Laveen homes sold
$183,355 average sales price for Recent Laveen homes sold
76 Average days on market for recent Laveen homes sold.
May 1st 2014
Recent Laveen homes sales statistics for month of April are shown below. We currently have 224 properties on the market. Prices for active listings range from $120,000 to $950,000.
86 recent Laveen homes sold
$182,650 average sales price
72 days on market average