Avondale Arizona real estate saw 109 homes for sale close during the month of March 2014. This is compared to 135 homes for sale that closed in March of 2013. Of the homes sold in March of this year they ranged in price from 23,000 to 380,000. The top end home was a beautiful Garden Lakes home containing five bedrooms, 3 baths, and boasts 2,869 square feet with a pool and located on the lake.
The average sale price of the sold homes last month in Avondale was $156,418. The average sales price was right around a four percent increase from the same time last year. The average days on market for the real estate sold are 77. The break down in price points is as follows:
- $0 – $125,000: 18
- $125,000 – $150,000: 37
- $150,000 – $175,000: 26
- $175,000 – $200,000: 10
- $200,000 and above: 18
Avondale real estate saw a huge jump in homes listed for sale in March of 2014. There were 160 homes for sale listed during the last month. Of those homes listed for sale the prices ranged from $57,500 to $349,900. This is a 16 percent jump in homes listed for sale last month of that from a year ago. With the 16 percent increase in of homes for sale now vice a year ago, there is a 39 percent reduction in distressed property sales. This means that there is an increase in homeowners selling their properties traditionally and voluntarily with equity rather than being financially forced into a short sale or foreclosure situation. Also check out the Goodyear Market Report.
Overall March was a great month for potential homebuyers in Avondale with the large percent of increase in inventory. Home sellers need to ensure that if they are asking for top dollar that their home reflect it. Homes need to be in great condition or priced accordingly if sellers want their homes to sell in a timely manner. Buyer contingencies are becoming a more common place, as multiple offers are not nearly as common as they were in years passed. Buyers need to ensure they are submitting competitive offers now the market has balanced out to a large degree. If you are thinking of buying or selling your home in Avondale and need assistance please contact Ewen Real Estate today so we can give you the information you need to know for getting the best deal possible for you. Have a Great Day!
