Phoenix AZ 85050 – Home prices in the 85050 zip code have been dropping since May 2013 when the average price was $150 per sqft. For August 2013 the average sold price per sqft is $142 a drop of 5.4%!
Inventory levels have also increased 32% from 77 homes for sale in May to 112 homes for sale in August 2013. Many home sellers have heard that prices are up, inventory levels are down and they have decided now is a good time to put their home on the the market, but be cautious. Buyers and Sellers need to watch supply vs. demand. There were only 48 homes SOLD for the month of August 2013 in the 85050 zip code as demand has shrunk from the peak of 77 homes sold in March 2013.
If you are considering selling your home and want to learn how to get up to 18% more than average real estate methods, contact Donald Keys Professional REALTOR since 1997 with RE/MAX Platinum Living. Donald Keys specializes in selling homes in the Desert Ridge Area and can be reached at (602) 750-1744 or www.DonaldKeys.com