Market Report for San Tan Valley 85140 September 2012
October 29, 2012
The Market Report for San Tan Valley 85140 September 2012 reveals a number of interesting statistics regarding the local real estate market. The 85140 zip code includes neighborhoods such as Pecan Creek and Ironwood Crossing.
The local market insight tells us that the number of new listings in September 2012 dropped by 12.4% from August 2012, from 105 new listings down to only 92. The number of new contracts was also down by 18.1% from 105 in August, down to 86 in September. The number of closed sales fell 27.8% from August, from 79 closings to 57 closings in September. The great news is that the median sold price continues to increase and was up to $129,900 in September, up 13.9% from August 2012 and up 52.8% from September of 2011. Our market is moving in an upward positive direction overall!
The number of active listings for the Market Report for San Tan Valley 85140 September 2012 was 154. The average days on the market (DOM) was 52 days which was down significantly from August’s average of 82 days. Another piece of exciting news is that the average percentage of homes that sold over their listing price was 100.3%! Every single home that sold actually sold above list price! The market is competitive and buyers are willing to offer above listing price in many cases to ensure their offer is accepted.
If you are thinking about selling your home, it is a great time to list. Homes are selling quickly due to the low inventory on the market, especially in Queen Creek and San Tan Valley AZ Homes for Sale, and there are still more buyers than sellers. Mortgage rates continue to remain low, so it is still a great time for qualified buyers to jump into the real estate market again. Please feel free to contact Karen Berg at 602.919.2375 with any questions related to the current real estate market, or buying or selling a home! Real estate is my passion! I hope you have found the information helpful in this Market Report for San Tan Valley 85140 September 2012.
We’re looking forward to hearing from you soon!