Excerpt from: Phoenix real estate and news
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| November 13, 2008 | | Homes sales in 85028 zip code, and update of the current resale numbers. | Phoenix Mountains Preserve |
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Sales
in the North Foothills of the Phoenix Mountains Preserve are stronger
then last year. In October 19 properties sold. That is 3 more then
last year and only 2 less then 2006 which was still a good year.
Pending sales are up as well indicating a positive trend. Despite the good unit sales the median price declined to $329,000 from
$391,000 last year. It's the pressures of REO / Lender Owned
properties driving prices down. See a few examples of subdivisions in the North Foothills of the Phoenix
Mountains at 85028. Each is unique and offers something different.
It's a very diverse area: quite nice, indeed.
There is also a very nice selection of luxury homes, these tend to hug the preserve border.
Below are the current real estate resale numbers for single family homes in 85028. 85028 Single Family Homes
| October 2008
| September 2008
| October 2007
| October 2006
| Active
| 188
| 181
| 185
| 161
| Pending
| 10
| 18
| 8
| 25
| Sold
| 19
| 21
| 16
| 21
| Long Term Appreciation
| 6.5%
| 7.1%
| 11.8%
| 12.8%
| Median Price.
| $329,000
| $342,000
| $391,000
| $387,000
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(ARMLS Data 11/1/08) Crunched by The Cromford Report) Do you have any specific questions bout the area or real estate? Please contact us. | | | |
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