A look at Laveen home values 2019

A look at Laveen home values 2019

What to we look at with home values 2019? 

Well, we will be looking at the market activity by paying attention to a couple of key items which help us monitor the real estate market:

  1. Homes for sale
  2. Homes under contract
  3. Homes sold in last 30 days

In addition we will discuss the type of market, and if values appear to be appreciating, holding, or possibly depreciating.  As home home owner/seller or even buyer these are all important to know.

 

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The look at home values for Laveen 2019 start here/below.

I will post updates as weeks go by, so the latest update will appear on the top.

June 10th, 2019

82 properties to sell

119 properties under contract

102 sales in last 30 days

.8 months inventory

$128.73 was average $/sq ft

$275,885 was average sale price

60 was average time to sell

Comments – Inventory remains low, so the seller market is still in full swing.  Great time to sell.

June 3rd, 2019

Below are this weeks numbers which help show the current state of Laveen real estate:

90 properties active for sale

116 properties under contract

98 sales in last 30 days

.91 months inventory

$127.43 was average $/sq ft for sold homes

$274,988 was average sale price

69 was average time to sell

Comments – While we see some fluctuation from week to week, over all the market has been very consistent over the last 2 plus years.  We continue in a seller market and with low level of inventory.  Homes values have risen since 2013, and we see continued but slower appreciation at this time.  Still a great time to sell.

May 20th, 2019

88 properties for sale

134 properties under contract

91 sales in last 3o days

.96 months inventory

$127.71 was average $/sq ft for sold homes

$277,492 was average sale price

70 was average days to sell

Comments – No real change to the Laveen real estate market in over 2 years.  Inventory remains low, which makes it an excellent time to sell.  Values holding steady with slow appreciation, which is something that has changed, as appreciation has slowed a bit.

May 14th, 2019

89 properties currently for sale

141 properties under contract in Laveen

95 properties sold in last 30 days

.93 is current inventory at this time

$129.78 was average dollar a square foot for sold homes

$271,477 was the average sale price

66 was average time to sell

Comments – This continues to be a great time to sell, especially with a low level of inventory.  This really is a seller market, and with values at a 8 year high, a great time to sell.

May 6th, 2019

97 properties currently for sale in Laveen

131 properties under contract

99 properties sold in last 30 days

.97 months inventory

$131.27 average $/sq ft

$267,742 was average sale price

61 was average days on market

Comments – The inventory levels in Laveen real estate at this time remain low, making it a continued seller market.  This is 2nd week we have been under 1 month supply, and the first 2 times in over 2 years.  Translation, this is currently the LOWEST level of inventory for single family homes we have had in over 2 years. If considering selling, this is a GREAT time because of less competition by other sellers.

April 29th, 2019

97 properties currently for sale in Laveen

138 properties under contract

100 sales in last 30 days

.97 months is current inventory

$129.68 is average $ sq ft

$269,127 was average sale price

69 was average time needed to sell

Comments – Not really much to add, other than what has been stated now for over 2 years, the market is a seller market.  Values holding, and looking like appreciation has slown, though inventory in Laveen has dipped under 1 month for first time in years.  Inventory is real low in Laveen, even compared to recent 3 years!  GREAT TIME to sell as there is less choices.

April 22nd, 2019

107 properties currently for sale

138 homes currently under contract

89 homes sold in last 30 days

1.20 is current inventory in Laveen

$131.32 was average $/sq ft for homes sold

$264,801 was average sale price

63 was average time to sell

Comments – The seller market continues, but I will say for the South Phoenix area, it seems that appreciation has been slowing.  While we have seen double digits for last several years, at this time I only see about 5% increase from last year at this time.

April 15th, 2019

116 properties for sale in Laveen

143 porperties under contract

77 sales in last 30 days

1.50 months inventory

$130.45 was average $/sq ft

$264,781 was average sale price

77 was average time to sell

Comments – Not much change, the low inventory and seller market continues which makes it a great time to sell.  Of note, the interest rates increased this weekend, and as we go into spring/summer we will have to see if this will slow the market.  Keep in mind, we have been in a seller market and values have appreciated since 2013.  Can it and will it continue?

April 8th, 2019

120 properties for sale

138 properties under contract

74 properties sold last 30 days

1.6 months current inventory

$130.51 was $/sq ft

$264,087 was average sale price

60 was average days on market

Comments – Not much change, still a seller market and great time to sell.

April 1st, 2019

Below are the most recent laveen real estate numbers, no April fooling
120 properties for sale

125 properties under contract

66 properties sold in last 30 days

1.81 is current inventory

$131.35 was current average $/sq ft for sold homes

$266,110 was average sale price

59 was time needed to sell

Comments – Over all no real change.  Market is one of low inventory, and homes are turning over (selling) pretty quickly.  This continues to be a good time to sell, as there is less choices for buyers, and less competition for sellers.  Also, values have stabilized (leveled) a bit from years past.  While we are seeing some appreciation, we have some national signs that values could stall a bit.  We will see what happens.

March 26th, 2019

124 properties for sale

131 properties under contract

61 properties sold in last 30 days

2.03 months inventory

$125.81 was average $/sq ft for sold homes

$272,051 was average sale price

61 was time needed to sell

Comments – Not much change……..in 2 years plus now.  Inventory is low, home priced well (and some not so well) are selling pretty quick.  Values have slowed a bit, which is good – as we have had 5 plus years of double digit appreciation.  Last time I checked, double digit appreciation will NOT go unchanged forever, and I think that shift is near.

March 18th, 2019

134 properties currently for sale

109 properties under contract

63 properties sold in last 30 days

2.12 months inventory

$126.29 was average $/sq ft

$267,475 was average sale price

67 was average time to sell

Comments – The seller market continues, and Laveen real estate is going strong.  It continues to be a a great time to sell, especially since other seller competition is low at this time.

March 11th, 2019

139 properties active and for SALE

116 properties under contract

57 properties sold in last 30 days

2.43 months inventory

$128.08 is average $/sq foot for homes that sold

$269,929 was average sale price

78 was average days to sell

Comments – Seller market continues in Laveen and home values are continuing a slow appreciation.  Nationally the last year saw a slow down of sales (same for Phoenix in terms of units), also national did see a slow down in home appreciation from 5.7% to 5.0%.  Still great time to buy (low interest rates) and also great time to sell.

March 4th, 2019

132 properties for sale

118 properties under contract

54 sales last 30 days

2.44 months current inventory

$125.29 was average $/sq ft

$272,746 was average sale price

79 was average time needed to sell

Comments – On a national level we are seeing appreciation and home values slowing, and inventory is showing a trend toward increasing.  Locally, we have seen that inventory remains low and favors sellers.  Inventory in Laveen is the highest today that it has been in over a year, and number of sales vs same time last year is down.  We could see a growing inventory should this trend continue.

At this time, market still favors sellers, which makes it a great time to sell.

February 25th, 2019

141 properties currently for sale in Laveen Arizona

118 properties currently under contract

48 properties sold in last 30 days

2.93 months current inventory

$128.05 was average $/sq ft

$265,493 was average sale price

63 was average time to sell

77 sales – year to date in Laveen all property types

Comments – Really, biggest take away is that the market is a seller market and if considering selling, YES it is a great time to sell.  With low inventory, less competition.  I would recommend having a realtor (me David Baker) come out and give you a market analysis for your home, because real estate is niche specific.  This short article is regarding Laveen (the entire zip code), and information for your property type could be specific and different then the zip.  As an example, horse property, commercial, land or other.

February 19th, 2019

140 properties for sale

113 properties under contract

41 sales in last 30 days

3.41 months current inventory

$127.68 was average $/sq foot

$274,337 was average sale price

Comments – Seller market continues, and we don’t really see much change occurring in the real estate market at this time.  On a national level, indicators are that there may be a shift as National home sales have dropped 2017 to 2018 with projections of further drop in 2019.  This may be due in large part to a lower level of inventory and higher interest rates.  Regardless, IN OUR AREA – it is a great time to sell as there is a shortage of inventory, and many buyers looking to buy Laveen homes!

Need to sell your Laveen home, call David Baker today 602.373-6345

February 11th 2019

144 properties for sale

102 properties under contract

41 sales in last 30 days

3.51 months current inventory

$274,979 was average sale price

59 was average time to sell

Comments – Interestingly, we do have a higher inventory this year vs last year.  We have more properties for sale, and less have sold over the last 30 days vs this time last year.  Actually we have about 30 more for sale, and have sold about 10 less than this time last year.  Reason could be higher home values, higher interest rates, or a combination of both which could have an affect on buyers purchase ability.  Also, homes that are selling at this time, are doing so in less time than last year.  My take away there is that homes that ARE selling are priced right, if not they sit on market .

February 4th, 2019

149 properties for sale

90 properties under contract

43 properties under contract

3.46 months inventory

$133.42 was average $/sq ft

$271,689 was average sale price

54 was average time to sell

Comments – No real change, though inventory has picked up just a little.

January 28th, 2019

147 properties for sale

86 properties under contract

40 sales last 30 days

3.6 months current inventory levels

$132.21 was average $/sq ft for sold homes

$272,753 was average sale price

51 was average time to sell

Comments – Not much change in the market, it continues to be a seller market and great time to sell if considering.  Homes continue to sell relatively quickly, especially on the lower price ranges (under $250,000).  Inventory did grow in the last couple weeks, and that is something we will need to keep an eye on to see if there is a shift going on.

January 14th, 2019

141 properties for sale at this time

71 properties under contract at this time

52 properties sold in last 30 days

2.71 current inventory

$130.07 was average $/sq foot for sold homes

$264,573 was average sale price

49 was average days on the market

Comments – It is still a great time to sell, and if considering selling………go ahead.  Time to sell.

January 7th, 2019

136 properties currently for sale in Laveen Arizona

68 properties currently under contract

57 properties sold in the last 30 days

2.38 months of inventory

$263,149 was average sale price

$130.21 was average $/sq ft

50 was average days on market

Comments – The holiday season tends to see a little slow down, but as you can see above with 57 sales in last 30 days – homes are still selling!  Months inventory increased a bit, and we will see what happens in the weeks to come.  Values have been holding steady, so still a great time to sell.