Phoenix Uptown | North Central Phoenix Home Sales News
July 7th, 2008 categories: Central Corridor, Market Trends, Phoenix Uptown
After a long 5 month downward trend in median price in North Central Phoenix or Uptown Phoenix, the point has come when the median price has come back up above $200,000 from its low of $196,000 in May 2008.
A total of 44 homes sold in June 2008 in zip codes 85012, 85013, 85014 or North Central Phoenix. in the Central Corridor itself 6 home sold with the average price of $340,284. Note also that the homes that did sell in the Central Corridor were on the market an average of over 280 days while the average for North Central Phoenix was 135 days.
On other important fact to note is that 12 of the 44 homes on the market sold at 100% of their asking price. This is important but in no way does it give any insight into the details of the market. Many of these homes could have been originally listed for more. Still the average list to sales ratio is 96.8%. That’s not too bad.
If you would like a more detailed analysis of your neighborhood in preparation for a sale or purchase please contact at 602.358.1392 or by our contact form.
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