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 review 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 July 2023

2 active properties for sale

6 properties under contract

5 sales in the month of July

$316,000 was low sale

$435,000 was average sale

$605,000 was high sale

8 was average time to sell

 

 

Month ending April 2023

1 property currently for sale

9 properties are under contract

6 properties sold in April 2023

$355,000 was low sale

$391,000 was average sale

$440,000 was high sale

60 was average time needed to sell

Comments – Low level of inventory, several homes under contract, and several sold in the last month shows a strong real estate market in Laveen Farms.  This is really ideal when considering selling your laveen home.  Are you looking to sell?  Call David for a free consultation.

Month ending March 2023

2 properties for sale

8 properties under contract

7 sales in March 2023

$340,000 was low sale

$375,000 was average sale

$450,000 was high sale

85 was average time to sell

Comments – Homes are selling, as March numbers show.  In addition we are looking a similar number of closings in April.  For potential sellers, great time to sell, because inventory is crazy low and demand is there for your home TODAY!

Month ending January 2023

9 properties for sale

8 properties under contract

5 sales in January 2023

$325,000 was low sale

$384,000 was average sale

$480,000 was the high sale

44 was average time to sell

Comments – Still a pretty hot market in Laveen Farms.  We have about a little less than 2 months inventory at this time.  This continues to be a great time for sellers here in Laveen Farms.

Month ending December 2022

13 properties for sale

3 properties under contract

4 properties sold in December

$361,000 was the low sale

$437,000 was average sale

$488,000 was high sale

85 was the average time needed to sell

Comments – We have just over 3 months inventory at this time.  Home owners in Laveen Farms, just know that homes are selling.  It is taking a little longer as you can see with the days on market, and you must know that buyers are requesting more concessions, which about 62% of sellers are doing.

Month ending November 2022

14 properties for sale in Laveen Farms

5 properties under contract

3 properties sold in November 2022

$410,000 was low sale

$485,000 was high sale

32 was time needed to sell

Comments – Over 4 months inventory, means that sellers are competing with each other for the buyers at this time.  Higher interest have slowed buyer interest, so with the higher inventory and fewer buyers, sellers should not expect multiple offers and a quick sale.

Month ending October 2022

17 properties currently for sale

3 properties under contract

2 sales in October 2022

$375,000 was low sale

$540,000 was high sale

47 was time needed to sell

Comments – Inventory has grown a fair bit since the early months of the year.  With sellers having to compete more, and higher interest rates for buyers, we may see some downward pressure on prices.

Month ending August 2022

9 properties for sale

5 properties under contract

7 sales in the month of August 2022

$420,000 was low sale

$494,000 was average sale

$760,000 was high sale

35 was the average time needed to sell

Comments – Another active market, and one that at this time still favors the sellers a bit.  We have seen increase in days needed to sell, but Laveen as a whole is still pretty hot/warm market.

Month ending July 2022

9 properties for sale in Laveen Farms

7 properties under contract

4 properties sold in July 2022

$415,000 was low sale

$472,000 was average sale

$510,000 was high sale

25 was average time to sell

Comments – Inventory is still in the seller market realm, but it seems to be trending toward a balanced market.  It continues to be a great time to sell, though with inventory growing and demand slowing, it won’t be like selling 60 days back.  Chances are, you will have fewer offers, and likely will have to make repairs.

Month ending May 2022

9 properties currently for sale

5 properties under contract

8 sales in the month of May

$420,000 was low sale

$481,000 was average sale

$590,000 was high sale

27 was average time to sell

Comments – Lot of activity, and as you see compared to previous entries the active homes for sale is increasing.  We are still in a seller market, but we are trending toward a balanced market.

Month ending April 2022

4 properties for sale

8 properties under contract

5 properties sold in April 2022

$420,000 was low sale

$447,000 was average sale

$461,000 was high sale

8 was average time to sell

Comments –  Laveen Farms continues to be a great time to sell.  We have very few homes for sale, and demand continues to be high, so we continue to have a seller market.

 

Month ending February 2022

2 properties for sale

6 properties under contract

11 properties sold in February 2022

$380,000 was low sale

$444,000 was average sale

$550,000 high sale

30 was average time to sell

Comments – We continue with super low inventory, and that is great for sellers.  Until we see inventory grow, we are likely to continue to see appreciation, although it appears to be slowing.

Month ending January 2022

4 properties for sale

8 properties under contract

5 properties sold in January 2022

$402,000 was low sale

$458,000 was average sale

$530,000 was high sale

29 was average time to sell

Comments –  We continue with a shortage of homes on the market, which of course places a upward pressure on prices.  Interest rates may slow the appreciation, but for now great time to sell.

Month ending December 2021

4 properties for sale

8 properties under contract

4 properties sold in December 2021

$383,000 was low sale

$408,000 was average sale

$445,000 was high sale

66 was average time needed to sell

Comments – We stand at a 1 month inventory level, which still means sellers have the UPPER hand.  Laveen Farms continues to see home appreciation, and that is likely to be the case for the next couple of months at the very least.

Month ending November 2021

3 properties active and for sale

6 properties under contract

11 properties sold in November 2021

$375,000 was low sale

$431,000 was average sale

$525,000 was high sale

28 was days needed to sell

Comments – Lot of activity in the subdivision this past month.  Great time to sell with so few choices for buyers, and with home values having appreciated almost 25% this past year.

Month ending October 2021

4 properties currently for sale

10 properties under contract

6 properties sold in October 2021

$343,000 was low sale

$404,000 was average sale

$439,000 was high sale

19 was average days on market

Comments – Continues to be a great time to sell, with low inventory and continued high demand.

Month ending September 2021

4 properties for sale

10 properties under contract

8 properties sold in September 2021

$360,000 was low sale

$416,000 was average sale

$540,000 was high sale

19 was average time to sell

Comments – Continued low inventory and high demand, means homes are selling quick!  This subdivision continues to be one of the Laveen subdivisions that is popular and see various transactions/sales a month.  Great time to sell.

Month ending August 2021

2 properties for sale

9 properties under contract

9 properties sold in August 2021

$375,000 was low sale

$425,000 was average sale

$525,000 was high sale

19 was average time to sell

Comments – Great time to sell, we continue to see a low inventory of homes and high demand.  Values are still rising, and may likely continue for the rest of 2021.

Month ending July 2021

3 properties currently for sale

9 properties under contract

10 properties sold in July 2021

$353,000 was low sale

$453,000 was average sale price

$850,000 was the high sale

18 was average time needed to sell

Comments – With under 1 month inventory of homes in the subdivision, it continues to be one of the best markets we have seen to sell a home.  If considering, you could not ask for a better market situation (low inventory, higher home values, buyers willing and able to buy).

Month ending June 2021

2 properties for sale

13 properties under contract

10 properties sold in June 2021

$365,000 was low sale

$421,000 was average sale

$490,000 was high sale

16 was average days to sell

Comments – The seller market continues, and appreciation as well.  While we have seen a much bigger increase in appreciation since the spring,  we are likely to see that slow down.  The market index does show the seller market edging slowly toward a balanced market.

Month ending May 2021

1 property for sale

8 properties under contract

10 properties sold in May 2021

$322,000 was low sale

$394,000 was average sale

$503,000 was the high sale

27 was average time to sell

Comments – Low inventory of homes for sale, several under contract and a bunch of recent sales.  Laveen Farms is selling quick!  Homes have recently sold on average for almost 5% over asking price!!!  One home sold for almost 12% over asking!!  Was it listed at market value?  Hmmm, good question.  There is still constant buyer demand, and because of low inventory buyers are being forced to offer higher offers.

Month ending February 2021

0 homes for sale

5 properties under contract

4 properties sold in February

$290,000 was low sale

$335,000 was average sale

$427,000 was high sale

5 homes was average days to sell

Comments – With little to no inventory, this is a great time to sell.  They are also selling VERY fast.

Month ending January 2021

2 properties for sale

5 properties under contract

5 sales in January 2021

$263,000 was low sale

$300,000 was average sale

$345,000 was high sale

15 was average time to sell

Comments – Low inventory, and quick selling times.  It is an ideal time to sell, with this super low inventory, quick turn times which indicates the seller market continues in the Laveen Farms community.  Values are up the highest they have been in over 10 years.

Month ending December 2020

1 property currently for sale in Laveen Farms

7 properties under contract

7 properties sold in December 2020

$259,000 was low sale

$304,000 was average sale

$365,000 was high sale

34 was average time needed to sell

Comments – Laveen farms tends to see some good activity, and as you can see above that trend continues.  The community does NOT currently have much in the active homes for sale category, but it does have several under contract and recently sold.  As a home owner considering selling, the low active homes should be very appealing, as that is LESS competition.  Also, any home owner considering selling, keep in mind home values have appreciated for the last 8 years now!!.  Values are UP!!

Month ending November 2020

2 properties currently for sale

8 properties under contract

7 properties sold in November 2020

$273,000 was low sale

$323,000 was average sale

$495,000 was high sale

20 was average time to sell

Comments – Low active homes for sale, several under contract, and plenty of sales in the month.  These are all factors that lead me to say, it is a great time to sell.

Month ending October 2020

2 properties for sale

8 under contract

10 sales in October

$252,000 was low sale

$308,00 was average sale

$386,000 was high sale

49 was time needed to sell

Comments – As you can see from the above stats regarding Laveen Farms, it is a seller market.  Homes are selling, relatively quickly, and home values have been going up.

Month ending September 2020

4 properties currently for sale

13 properties under contract

6 sold properties for September 2020

$283,000 was low sale

$316,000 was average sale

$338,000 was high sale

36 was average time to sell

Comments – Seller market, low competition for sellers which makes it a great time to sell.  Keep in mind values have been rising since 2013, and 11% this past year, can it keep going that way?

Month ending August 2020

4 properties for sale

8 properties under contract

11 properties sold in August

$233,000 was low sale

$315,000 was average sale

$560,000 was high sale

17 was average days to sell

Comments – With only .36 months inventory, we are seeing Laveen Farms experiencing a super LOW level of inventory of homes for sale.  This is of course great for sellers who will sell their home, and if they do so correctly, could get a higher net.  Buyers, be ready to compete with other buyers for available homes.

Month ending July 2020

2 properties for sale

15 properties under contract

5 sales in July 2020

$259,000 was low sale

$269,000 was average sale

$285,000 was high sale

32 was average time to sell

Comments – Low inventory continues in Laveen farms, which of course favors the seller.  We have a super low inventory of homes, and what homes are on the market actively, tend to go under contract and sell quickly.  Most selling in under 32 days.  Values, like in most Laveen, continue to see appreciation.

Month ending June 2020

2 properties for sale

10 properties under contract

6 properties sold in June

$240,000 was low sale

$281,000 was average sale

$345,000 was high sale

40 was average days on market

Comments – Seller market with low inventory, and continues to be a great time to sell!

Month ending May 2020

4 properties for sale

9 properties under contract

5 properties sold in May 2020

$225,000 was the low sale

$335,000 was the high sale

30 was the average time to sell

Comments – Seller market continues in the Laveen area, as well as in Laveen Farms.  This market is ideal for any home owner that is considering selling!

Month ending April 2020

5 properties for sale

7 properties under contract

4 sales in April

$255,000 was low sale

$275,000 was average sale

$290,000 was high sale

23 was days needed to sell

Comments – Low inventory, homes selling, ten year highs for home values = great time to sell.  Buyers are out there, and they are STILL wanting to buy, especially with these low interest rates we have been having.  While there is a lot of change in our world, and our economy, till now the Laveen real estate market has not felt any impact.

Month ending March 2020

7 properties for sale

7 properties under contract

6 sales in March

$247,000 was low sale

$313,000 was average sale

$487,000 was high sale

9 was time needed to sell

Comments – Low inventory continues in Laveen Farms, and with several under contract that demand appear to be continuing as of today.  With low inventory, home values holding steady, it continues to be a great time to sell.

Month ending February 2020

3 properties for sale

10 properties under contract

11 sales in February 2020

$222,000 was low sale

$257,000 was average sale

$307,000 was high sale

39 was average time to sell

Comments – With only 3 properties for sale in Laveen Farms, and 11 sales for the month of February, the subdivision continues to experience a seller market.  For home owners this is IDEAL, as they have seen their homes equity increase to over a 10 year high and if selling they will not face much competition from other sellers.

Month ending January 2020

6 properties for sale in Laveen Farms

11 properties under contract

8 sales in the month of January

$211,000 was the low price

$258,488 was average sale price

$316,000 was the high sale

37 days was average time to sell

Comments – What is there to say, other than the market in Laveen Farms is a seller market.  We have a market current which favors sellers to get a home sold quick, and for top dollar.

Month ending December 2019

8 properties for sale

7 properties under contract

7 properties sold in December

$215,000 was low sale

$245,000 was the average sale

$289,000 was high sale

27 days on market was average for sold homes

Comments – Low level of inventory, homes selling fast, this is the equation that home sellers considering selling PRAY for!! Yes, we have low inventory, and values are at a ten year high, and this is a great time to sell.

Month ending November 2019

9 properties for sale

6 properties under contract

6 properties sold in November

$221,000 was the low sale

$265,900 was the average sale price

$305,000 was the high sale

46 properties was average time to sell

Comments – Sellers market, and continued good time to sell.

Month ending October 2019

7 properties currently active and for sale

6 properties under contract at this time

5 sales in the month October 2019

$204,000 was the low sale

$296,300 was the average sale price

$510,000 was the high sale

44 was the average time to sell

Comments – Inventory remains low, and it continues to be a seller market.

Month ending September 2019

5 properties for sale

6 properties under contract

10 sales in September 2019

$215,000 was low sale

$282,300 was average sale

$505,000 was the high sale

32 was average time to sell

Comments – Wow, lot of activity in the subdivision.  Seller market, and great time to sell with low inventory.

Month ending August 2019

5 properties for sale

12 properties under contract

8 properties sold in August

$221,500 was the low sale

$278,794 was average sale price

$469,900 was the high sale

30 was average days to sell

Comments – Seller market !!!  Low inventory alert!!  This is a combination which makes it a great time to sell, if considering it.

Month ending July 2019

7 properties for sale

11 properties under contract

9 sales in July

$222,000 was the low sale

$254,106 was the average sale

$290,000 was the high sale

42 was average time to sell

Comments – Lot of activity continues in the Laveen Farms subdivision.  We have a seller market, and that makes it a great time to sell.  Also, we have highest values in about ten years, so great time to sell for sure.

Month ending June 2019

9 properties for sale

9 properties under contract

13 properties sold in June

$215,000 was the low sale

$245,692 was the average sale

$302,000 was the high sale

60 was the average time to sell

Comments – One of the active communities in Laveen.  Currently with several homes for sale, but on average they are turning over (selling) pretty quick.  If considering selling, this is a great time to do so.  It is the summer (more sales), values are at a high at this point, and there is little competition.

Month ending May 2019

10 properties for sale at this time in Laveen Farms Arizona

12 properties under contract

15 properties sold in May

$199,000 was the low sale

$280,330 was the average sale

$459,000 was the high sale

69 was the average days to sell

Comments – Seller Market, which means it is a GREAT market in which to sell your HOME!!  When considering selling, of course we look at value, but we also want a market which would favor a seller as well.  The seller market, just like the one we are currently in, is the best type of market to be in when selling.  Values have also been on the rise for over 6 years, and it looks like appreciation has slowed to single digits this year.

Month ending April 2019

12 properties for sale

14 homes under contract

12 properties sold in April

$220,900 was low sale

$257,275 was average sale

366,500 was the high sale

40 was time needed to sell

Comments – Lot of activity in the subdivision, with a large number of sales for April.  With current homes under contract it appears that May will also have Many sales too!  Great time to sell in the area!

Month ending March 2019

13 properties currently for sale

13 properties under contract

5 properties sold in March

$200,000 was low sale

$228,100 was average sale

$280,000 was high sale

26 was average time to sell

Comments – Wow, great time to sell in the Laveen Farms subdivision.  Low level of inventory continues, and that means less home owners competition for those buyers.  This COULD help you net a better sale!

Month ending February 2019

18 properties for sale

7 properties under contract

7 properties sold in February

$215,000 was the low sale

$279,286 was average sale

$527,500 was high sale

51 was average days on market

Comments – Seller market, and with number of homes sold and under contract the trend appears to be continuing.  Homes in area, that are priced right, are selling relatively quick, while those active on market that are overpriced are sitting……..until lowered to market value.

Month ending January 2019

15 properties for sale

10 properties under contract

6 sales in the month of January

$202,500 was low sale

$267,000 was high sale

$236,733 was average sale

55 was average days on market

Comments – Good turnover in the community, and homes are SELLING!  They are selling again relatively quickly, much like other subdivision in Laveen.  While there is a good number of active listings, and that means more buyer options, they are still selling and creating a seller market – which is a great time to sell.

Month ending December 2018

15 properties for sale

6 properties under contract

6 properties sold in December

$212,000 was low sale

$239,750 was average sale

$277,000 was high sale

48 was average time to sell

Comments- As usual, pretty active community, and yes, it continues to be a sellers market.  While inventory is going up, we continue to be in a market that benefits sellers.

Month ending November 2018

10 properties for sale

7 properties under contract

11 properties sold in November

$209,900 was low sale

$234,218 was average sale

$275,000 was high sale

38 was average days on market

Comments – Great time to sell.  This is an ideal time to sell if considering selling.

Month ending October 2018

16 properties for sale

8 under contract

7 sold in October

$205,000 was low sale

$258,629 was average sale

$330,000 was the high sale

38 was average time to sell

Comments – The subdivision is seeing good turn over rates, and averaging sales in relatively low time frames.  While there are several homes on the market, the price range and level of inventory is such that it remains a great time to sell.

Month ending September 2018

14 properties for sale

6 properties under contract

10 properties sold in September

$192,000 was low sale

$315,000 was high sale

$231,240 was average sale price

49 was average days to sell

Comments – Continues to be a great time to sell, with a low level of inventory, meaning we continue in a seller market.

Month ending August 2018

16 properties for sale

9 properties under contract

11 sales in August

$196,000 was low sale

$405,000 was high sale

$260,955 was average

51 was time needed to sell

Comments – Seller market, with low level of inventory.  Still a great time to sell if considering.

Month ending July 2018

10 properties currently for sale

12 properties under contract

6 sales in July

$264,035 was average

$207,711 was low sale

$405,000 was high sale

48 was average time to sell

Comments – Still a seller market with low inventory which makes in a great time to sell.  Values also have increased now for 5 straight years, and most owners (if not all), have some pretty good equity built up.  This could be great time for a move up buyer/seller, to get into a larger home while interest rates are still low.

Month ending June 2018

12 properties for sale

8 properties under contract

8 sales in June

$225,000 was low sale

$235,050 was average sale price

$246,500 was the high sale

20 was average days to sell

Comments – Continues to be a great time to sell, and a seller market.

Month ending May 2018

6 properties currently for sale

9 under contract

12 sales in May

$200,000 was low sale

$244,075 was average sale

$310,000 was high sale

31 was average time to sell

Comments – Seller market, just like the other communities in the Laveen area.  With summer here now, and a seller market, it is a GREAT time to sell if it is being considered.

Month ending April 2018

8 properties for sale

13 properties under contract

10 properties sold in April

$204,000 was low sale

$455,000 was high sale

$266,050 was average sale price

36 was average time to sell

.8 is current months inventory

Comments – Much like some of the other popular subdivisions in Laveen, Laveen Farms has a super low inventory level, which as of today is under 1 month.  Translation, is that buyers must compete more for homes, and sellers may have more choices that can help them NET more money.

Month ending March 2018

10 properties currently for sale

13 properties under contract

5 sales in March 2018

$187,150 was the low sale

$320,000 was the high sale

$248,490 was the average sale

46 was average time to sell

Comments – Currently a seller market in Laveen Farms.  The home values have been increasing for the last 4 years, and inventory continues low.  It is a great time to sell, and with interest rates still low, a good time to buy before rates go up as they are expected to do.

Month ending February 2018

11 properties for sale

8 properties under contract

6 sales in February

$177,550 was low sale

$241,612 was average sale

$310,425 was high sale

50 was average time to sell

Comments – Seller market, and with 4 years of appreciation a great time to sell.

Month ending December 2017

8 properties for sale

12 under contract

6 sales in December

$189,000 was low sale

$216,588 was average sale price

$247,000 was high sale

46 was average time to sell

Commentary – Seller market, seller market, and great time to sell.   Inventory is low, so buyers will have a little less choice.  Values have gone up for 4+ years in a row, again, great time to sell.

Month ending November 2017

12 properties for sale

10 properties under contract

8 properties sold in November

57 was the average days on market for sold homes

$228,112 was average sale price

$180,000 was low sale price

$269,900 was the high sale

Commentary – Continues to be a great time to sell a home in Laveen Farms.  Inventory remains low/tight, and as such sellers have less competition for buyers. Values have also been steady, and showing slow appreciation.

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

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David Baker Today!

602-373-6345