Phoenix Real Estate 85054 Market Trends
Phoenix, Arizona, – America’s fifth largest and a very progressive one. Phoenix is in the heart of the Sonoran Desert and the gateway to the Grand Canyon. Its timeless beauty is a splendid setting for family get-away, vacation and relaxation and of course an excellent place to live.
Phoenix Real Estate 85054 is a sparsely populated, affluent (median household income: $87,106) upscale suburban zip code in Phoenix, Arizona. The population is primarily white,and almost entirely married couples. At $272,200 the average home value here is a bit higher than average for the Phoenix-Mesa-Scottsdale metro area.
The median age here is 36.8. There are 1,006 men and 1,026 women. The median age for men is 37.2 while for women the median age is 36.5.
85054 Zip code is located in the Mountain time zone.
Phoenix Real Estate 85054 Price Trends – Sold vs. Listed
The median list price in February for single family homes in Phoenix is $447,400. The list prices dropped by-6.75% from the previous month.
The price per square foot for listings in this area is $171.
Phoenix Real Estate 85054 Market Inventory Trends
The number of active listings in Phoenix increased by 140% from the previous month.
The median number of days active properties have been listed is 50. This is significantly shorter than the national average.
The percent of owner occupied properties in Phoenix is 27% below the national average.
The percent of rental properties in Phoenix is 22.81% above the national average which is typical for urban areas.
Statistics for Single Family Homes and Condos 85054
If you are looking for a perfect house in the Phoenix Real Estate 85054 that you can call home you may email or call us at 480-595-6412 and we will be able to provide you with all the current listings available in Phoenix Real Estate 85054 or anywhere within in metropolitan Phoenix area.
This article is brought to you by Luxury Valley Home team, your expert partner in the Phoenix Arizona real estate market.