The weather is heating up and so is the real estate market in many Phoenix neighborhoods.The area around Arrowhead Ranch, including neighbhorhoods like Fletcher Heights are currently some of the hottest markets. Many of the homes in this area are selling within a matter of days and often times with multiple offers. Let’s take a look at some of the numbers for the 85308 zip code which includes Glendale homes in the Arrowhead Ranch and surrounding area. The median price has risen 8% from $225,000 to $251,500. Meanwhile the days on market is averaging in the mid 50s down from around 80 days at the beginiing of the year. Closings for the 85308 zip code are also up from 59 in January to 126 for May. It will be interesting to see the numbers for June as much of the activity over the last 60 days may be reflected in the June numbers. If you would like to know howthe market is doing in your Buckeye, Goodyear, Glendale, Surprise or other area neighborhood please contact me at firstname.lastname@example.org
Stay tuned for updates on Palm Valley, Estrella, and Verrado.