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:
- Homes for sale
- Homes under contract
- 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.
December 30th, 2019
This will be the final entry for the 2019 year. Below are the current real estate numbers that help us determine what is going on in the Laveen Arizona real estate market:
69 properties for sale
59 properties currently under contract
47 properties sold in the last 30 days
1.46 is current inventory
$130.73 was average $/sq ft
$280,650 was the average sale price
46 was the average time to sell
Comments – The Laveen Real Estate market continues to be one that is best described as a seller market. Laveen continues to have a low level of inventory, which is to say there are few homes on the market. This low level of inventory tends to turn over quickly, and that is the 1.46 months of inventory we see above. While Laveen Arizona continues to see appreciation, 2019 saw a slow down in the level of appreciation compared to years prior. Laveen, and South Phoenix has seen a slow down in appreciation for 2019, down to the single digits. While some sellers likely would rather it stay appreciating at double digits, the double digit trend is not sustainable.
Laveen real estate in 2020, does not show any real indication of changing. My thought is we will likely see a continued seller market, but appreciation is likely to continue to slow to the low single digits (under 6%). Of course, should something happen on the world market which could cause a ripple effect with national and state business’s, then we could see the market stagnate. Time will tell, but for now my thought is we will continue as we’ve been with appreciation slowing to maybe even leveling for some time.
December 16th 2019
69 properties for sale
67 properties under contract
52 sales in last 30 days
1.32 months inventory
$129.23 was average $/sq ft
$280,631 was average sale price
41 was average time to sell
Comments – Low inventory of homes, and those priced well sell quickly. Seller market continues, and values continue to slowly appreciate.
December 9th, 2019
65 properties for sale
71 properties under contract
55 properties sold in last 30 days
1.18 months current inventory
$131.19 was average $/sq ft
$280,431 was average sale price
42 was average days on market
Comments – Laveen Arizona real estate continues to be HOT. Sellers have been enjoying a couple of years of a seller market, and this trend appears to be continuing. If considering selling, this is a great time to do so. As far as appreciation, we are still seeing home values rising, but the level of appreciation has slowed. In years previous to 2019, we saw double digit appreciation vs this last year was about 6%.
December 2nd, 2019
63 properties for sale
67 properties under contract
56 sales in last 30 days
1.12 months inventory
$131.74 was average $/sq ft
$277,607 was average sale price
41 was time needed to sell
Comments – As we come into the Christmas holiday, we have noticed a drop in sales. We have also noticed a drop in active homes for sale, as well. Inventory is up just slightly, but overall the market remains unchanged. The market continues to be a seller market, and great time to sell. YES – the holidays are still a GOOD time to sell, as homes do still sell during the holiday.
November 25th, 2019
67 properties currently for sale
75 properties under contract
62 was number of sales last 30 days
1.08 current months inventory
$134.43 was average $/sq ft
$287,762 was average sale price
47 was average time to sell
Comments – It remains a seller market, and great time to sell.
November 18th, 2019
Year to date Laveen Arizona has seen 754 sales, which is just a few less than this time last year. Below are the most recent numbers which I use to help gauge the Laveen real estate market:
62 properties for sale
77 properties under contract
64 properties sold in last 30 days
.96 is current inventory
$134.12 was average $/sq ft
$287,754 was the average sale price
43 was average time on market
Comments – No real change, the market continues to favor sellers. A great time to sell.
November 12th, 2019
59 properties currently for sale
88 properties under contract
54 properties sold in last 30 days
1.o9 is current months inventory
$135.44 was average $/sq ft
$290,113 was average sale price
44 was average days to sell
Comments – It is a great time to sell. Values are holding steady and with low inventory you could not ask for a better time.
November 3rd, 2019
62 properties currently for sale
86 properties under contract
59 properties sold last 30 days
1.05 is current inventory
$135.21 was average $/sq ft
$296,419 was average sale price
56 was average days to sell
Comments – The inventory level remains low, and this of course continues to benefit the sellers. Great time to sell.
October 28th, 2019
62 active properties for sale
84 properties under contract
59 properties sold in last 30 days
1.05 current inventory
$130.63 was average $/sq ft
$292,672 was average sale price
46 was average time needed to sell
Comments – The Laveen real estate market is chugging on with no real change. The market continues to favor sellers, with the low level of inventory and ten year high home home values. This makes it a great time to sell.
October 21st, 2019
65 properties for sale
86 properties under contract
57 properties sold in last 30 days
1.14 current inventory
$130.51 was average $/sq ft for homes sold
$293,604 was average sale price
50 was average days on market
Comments – It is a seller market. Low inventory levels continue, which is making it tough for some buyers in finding a home.
October 14th, 2019
66 properties for sale
83 properties under contract
57 properties sold in last 3o days
1.15 current inventory
$130.42 was average $/sq ft
$300,081 was average sale price
47 was average days to sell
Comments – No real change, the seller market continues. Great time to sell continues.
October 7th, 2019
62 properties for sale
85 properties under contract
57 properties sold in last 30 days
1.05 is current inventory
$130.19 was average $/sq ft
$294,461 was average sale price
35 was average time to sell
Comments – Laveen is continuing in a seller market. Great time to sell.
September 30th, 2019
62 properties active and for sale
90 properties under contract
56 properties sold in last 30 days
1.1 months current inventory
$129.85 was average $/sq ft
$287,370 was average sale price
41 was average time to sell
Comments – Seller market continues which means the time to sell is RIGHT!! We have highest values in over 10 years, and with low inventory there is little competition from other sellers. BUYERS – with interest rates low, it is a great time to buy as well.
September 23rd, 2019
58 properties for sale in Laveen
93 properties under contract
55 sales in last 30 days
1.05 months current inventory
$131.28 was average $/sq ft
$283,909 was average sale
43 was average time to sell
Comments – Inventory has grown a bit, and is the first month over 1 month since April. Interesting is that number of active listings is down, and so are number of sales in last 30 days. Number of homes under contract remains steady. At this time, no real change, and values are holding steady. Great time to sell, and to buy as well.
September 16th, 2019
54 properties currently for sale
90 properties under contract
60 properties sold in last 30 days
.9 months inventory
$132.15 was average $/sq ft
$280,517 was average sale price
41 was average time to sell
Comments – Not much change, the market still favors sellers with the low level of inventory. We are seeing highest prices in over 10 years, which means GREAT time to sell if considering. As a buyer, interest rates are great, so good time to buy as well. There are also some great DPA programs (down payment assistance) which is also great for first time buyers, helping with down payment or even closing costs.
September 9th, 2019
61 properties for sale
83 properties under contract
62 properties sold in last 30 days
.98 months current inventory
$132.55 was average $/sq ft
$279,704 was average sale price
53 was average time to sell
Comments – Still a seller market, and a great time to sell. We are still experiencing a seller market, and it does not seem to be changing yet.
September 3rd, 2019
Below are the most recent numbers which help us see the real estate trends in Laveen Arizona:
59 properties for sale
83 properties under contract
59 sales in last 30 days
1 month is the current inventory
$132.16 was average sale price/sq ft
$289,892 was average sale price
61 was average time to sell
Comments – We do continue to be in a seller market, which is the IDEAL time to sell if you are ready. Especially today, when we have seen home values appreciate since 2013. Will this continue? Truth is, change is inevitable and the continued double digit increases are not likely. This is evident by the slow down from 2018 to 2019 in appreciation to 7%, first time since 2013 it has been under double digits. With volatility in the economy a slow down is very possible.
August 26th, 2019
Below find newest numbers to help us track the Laveen real estate market, home values and trends:
61 properties for sale
89 properties under contract
68 properties sold in last 30 days
.89 is the current level of inventory
$128.30 was average $/sq ft for sold homes
$283,147 was average sale price
56 was average days on market for sold homes
Comments
It continues to be a seller market, and as such it is a great time to sell. Inventory continues low, and with low interest rates buyers are still buying, which is GOOD. Values have been appreciating for years now, and generally at double digit increases. This year however, it seems we have slowed, so we need to keep that in mind. With all the political volatility and trade wars, it could have an effect on the economy and as such also on housing. Time will tell on that one.
August 19th, 2019
59 properties active and for sale
87 properties under contract
70 sold properties in the Laveen zip in last 30 days
.84 is current inventory
$127.19 was average $/sq ft for sold homes
$278,557 was average sale price
66 was average time to sell
Comments – With .84 months inventory, we continue with a VERY LOW level of homes on the market. This is the perfect time for sellers to sell, when competition is low and values are at the highest level they’ve been in 8 plus years.
August 12th, 2019
49 properties for sale
88 properties under contract
77 properties sold in last 30 days
.63 months inventory
$127.68 was average $/sq ft for sold homes
$274,388 was average sale price
59 was average days on market
Comments – Seller market continues, and homes are selling relatively quickly. I will say though, that appreciation continues, but it is doing so slower than in recent years.
August 5th, 2019
Below is the latest stats for the Laveen Arizona real estate market:
55 properties available for sale
84 properties under contract
85 sales in last 30 days
.64 months inventory
$128.46 was average $/sq ft for sold homes
$267,618 was average sale price
56 was average time to sell
Comments – It is a great time to sell, with a market that truly favors sellers. With the current low level of inventory, many sellers face little to NO competition from other homes on the market in their area. Also, with home values being the highest in over 10 years, it further encourages home owners that have been considering to get off the fence and sell now, while the time to sell is good.
July 29th, 2019
50 properties for sale
98 properties under contract
72 sales in the last month
.69 months inventory at this time
$129.28 was average $/sq ft for sold homes
$262,396 was average sale price
50 was average time needed to sell
Comments – Laveen has seen the inventory dip/decrease just a bit. Much of this could be due to less homes on the market, and less homes coming to market, which in turn has created a low inventory. While we do see some fluctuation of $/sq ft and average sales price, I’d say values are steady with slow appreciation. We did see about a 7% increase from this time last year, but that is less than the previous years and their double digit years. My thought, is that the appreciation increases are slowing to more sustainable levels. We may see the next year at 5% or even 4%.
July 22nd, 2019
60 properties for sale
91 properties under contract
84 properties sold in last 30 days
.71 months inventory for the Laveen Az 85339 zip code
$132.09 was average $/sq ft for homes that sold
$268,378 was average sale price
48 was average time to sell
Comments – Average time to sell, and even average $/sq foot has been pretty steady. Values over all, with some slight fluctuation, have been pretty steady. While values have appreciated since 2013, the rate of appreciation has slowed – so far this year we are 6% give or take. Could this mean market is slowing? For now, things indicated continued seller market, and that trend has been in the works for over 2 years.
July 15th, 2019
59 properties for sale
97 properties under contract
78 sales in last 30 days
.75 months inventory
$133.08 was average $/sq ft for sold homes
$272,651 was average sale price
48 was average days to sell
Comments – WOW!, we have a real low number of active homes for sale. We have decreased from 140 in February to just 59 today! So, sellers have little competition to sell at this time. Buyers on the other hand, you will have to compete for homes a bit, especially at the lower price ranges.
July 8th, 2019
63 properties active and for sale in Laveen at this time
106 properties currently under contract
80 properties sold in last 30 days
.78 months inventory
$132.59 was average $/sq ft
$284,280 was average sale price
47 was average days to sell
Comments – The short comment is this – IT IS A GREAT TIME TO SELL IN LAVEEN!!! We have a low level of inventory, home values are the highest they’ve been in over 9 years! If considering selling, this really is a great time to do so.
July 1st, 2019
71 properties for sale
105 properties under contract
84 properties sold in last 30 days
.84 months inventory
$131.59 average $/sq ft
$276,735 was the average sale price
46 was average time to sell
Comments – Low level of inventory continues in the Laveen real estate market, with less than 1 month inventory. This continues to be a great time to sell, as sellers have less competition. On the buying, side, especially at the lower price ranges buyers are having to compete a little for acquiring a Laveen area home.
June 18th, 2019
A look at the current laveen real estate market for the week:
80 properties for sale
111 properties under contract
96 properties sold in last 30 days
.83 is current market inventory
$128.38 was average $/sq ft for sold homes
$269,441 was average sale price
57 was average days on market
Comments- No real change in the market. Inventory remains low, and the real estate market favors sellers. On average though, homes are selling for 1% below list price. So price it right, and you are likely to sell.
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.