A look at Laveen home values – a Running Update
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.
Looking for a home in Laveen Az?
Click here for the most current list of homes for sale in Laveen Az.
The look at home values for Laveen 2021 start here/below.
I will post updates as weeks go by, so the latest update will appear on the top.
July 2022
Lets begin to switch to a monthly update, see the most recent information below:
167 properties currently for sale
106 properties currently under contract
65 sales in the Month of July 2022
4.2 months inventory at this time
$233 was average dollar/square foot for sold homes
$493,000 was the average sale price
39 was average time needed to sell
Comments – As you can see based on past months numbers, the market has shifted. While we have experienced a significant seller market, with low inventory, that seems to be in the past. We have seen inventory grow, and demand slow as interest rates have risen. Homes are still selling, but time on market is also increasing. The days of multiple offers, over asking price, as is are gone. Fear not, home prices are still pretty high.
May 9th, 2022
Apparently I took some time off from writing updates on the Laveen real estate market trends. Fear not, you did not miss much, it has been very consistent:
60 properties for sale in laveen
129 properties under contract at this time
78 sales in the last 30 days
.76 months current inventory
$244 was average $/sq foot for sold homes
$477,000 was the average sale price
29 was average time to sell
Comments – While we are beginning to see some change in the real estate market, we continue very much in a Seller Market. Notice active properties for sale has gone up, and inventory grew a little. We are likely going to see this trend continue as values have gone up along with interest rates, which in turn affects affordability for many.
April 4th, 2022
46 properties currently for sale, up from a week ago!
129 properties under contract
82 properties sold in last 30 days
.56 is current months of housing inventory
$231 was average $/sq foot for homes that sold
$496,000 was average sale price
29 was time needed to sell
Comments – Though we saw an increase in active houses for sale, we are still drastically below normal inventory. The continued low inventory at this time is continuing to fuel competition among buyers, and we are seeing home values continue to rise.
March 28th, 2022
32 properties currently for sale in Laveen Az (This is about 25% of NORMAL!!!)
137 properties under contract
73 properties sold in Laveen Az in last 30 days
.43 is current months inventory (LOW)
$228 was average $/sq foot for sold homes
$510,000 was average sale price
25 was average time to sell
Comments – While some indicators (demand index) are showing a return to normal levels, the continued low inventory keeps prices going up! Is this a good time to sell? Well, it has been a good time for a while now, and that has NOT changed.
March 21st, 2022
31 properties for sale
144 properties under contract
74 sales in last 30 days
.41 months inventory
$230 was average Sq/ft for sold homes
$500,000 was average home sale price in Laveen Az
29 was average days to sell
Comments – Not much to add from previous comments, the seller market continues. At this point, I imagine we will continue in a seller market until we see this inventory grow. At this point many would be sellers have chosen to not sell for fear of not being able to buy.
March 15th, 2022
30 properties for sale
137 properties under contract
92 properties sold in last 30 days
.32 months inventory
$220 was average $/sq ft for sold homes
$494,000 was average sale price
38 was average time to sell
Comments – The seller market does continue at this point, with super low inventory fueling the buyer competition and continuing to push prices up.
February 22, 2022
24 properties for sale
145 properties under contract
93 sales in last 30 days
.25 month current market inventory
$215 is average $/sq ft for sold homes
$464,000 was average home sale price
47 was average time to sell
Comments – We continue to see a real low level of inventory, and demand still also remains pretty high. As such, homes in the average to below average prices for an area are selling FAST.
January 25th 2022
26 properties for sale
167 properties under contract
71 properties sold in last 30 days
.36 was average months inventory
$221 was average $/sq ft
$454,000 was average sale price
41 was average time to sell
Comments – homes are selling quick, fast and for top dollar. The seller market continues.
January 11th, 2022
45 Homes currently for sale in Laveen Az
145 properties under contract
84 sales in the last 30 days
.53 months is current Laveen Az inventory of homes
$219 was average $/sq ft for sold homes
$447,000 was average sale price
35 was average time to sell
Comments – We continue with super low inventory, a continued high demand for homes, and as such we are seeing homes sell quickly and for top dollar. The low inventory is limiting buying options, and the home appreciation is likely to continue for now.
January 3rd, 2022
Welcome to the start of 2022!! What will the 2022 calendar year have in store for the Laveen real estate market?
52 active homes for sale
145 properties under contract
87 properties sold in last 30 days
.59 is the current level of inventory
$220 was average $/sq foot for sold homes
$450,000 was average price
35 was average time to sell
Comments – We are starting the year, just as we ended, in a seller market with high demand and low inventory. Home values are likely to continue their upward trend.
December 28th 2021
51 properties active and for sale in Laveen Az
151 properties under contract
84 properties sold in last 30 days
.60 is current level of inventory of homes
$212 was average dollar a square foot for sold homes
$453,000 was average sale price
31 was average days to sell
Comments – The number of active homes for sale is down slightly, while number of homes under contract remains steady and sold homes went up a bit. What this translates to, is that inventory levels have gone down a little further, which in turn creates less choices for active buyers. When buyers have fewer choices and buyers are also plentiful, then the market favors sellers. Looks like we will go into 2022 in a seller market, low inventory, and continued high demand. While home values are likely to continue to appreciate in value, I hope we don’t see double digit increases like the 20% plus we witnessed in 2020-2021!!
December 13th, 2021
66 properties for sale
157 properties under contract
70 sales in the last 30 days
.94 months inventory
$210 was average $/sq ft
$453,000 was average sale price
33 was average time to sell
Comments – More of the same, the seller market continues. We have low level of inventory, with a high demand, and values continue to rise, though they seem to be rising a little slower.
December 6th 2021
66 properties for sale
142 properties under contract
60 sales in last 30 days
1.1 months inventory
$209 was average $/sq ft
$467,000 was average sale price
36 was average time to sell
Comments – Laveen Arizona homes for sale ……….are selling fast and for top dollar. Will this continue for much longer? Truth is, NO ONE has a crystal ball that can accurately if at all, show what is coming in the future. I will say though, that the numbers at this time do not show any change in the current Laveen Arizona Real estate market trends. We are very likely to continue to see low inventory levels, high demand for homes, and due to these two trends, a 3rd trend which is continued home values appreciation. I will say though, I think the home appreciation is slowing down.
November 29th, 2021
63 properties currently on the market
144 properties under contract
66 properties sold in the last 30 days
.95 months is the current inventory
$218 was average $/sq foot for sold homes
$463,000 was average sale price for sold home
36 was average time to sell
Comments – We continue with extreme low inventory levels, which in turn is feeding the housing appreciation.
November 22nd, 2021
68 properties for sale
148 properties under contract
66 properties sold in last 30 days
1.03 months current inventory
$214 was average $ sq ft.
$468,000 was the average sale price
34 was average days on market
Comments – Low inventory levels continue, and due to low interest rates home buyer demand remains high. These conditions mean that the values of homes are highly likely to continue to appreciate.
November 8th, 2021
59 properties for sale
136 properties under contract
70 sales in last 30 days
$207 was average $/sq foot for sold homes
$445,000 was average sale price
32 was average time to sell
Comments – We continue to experience low inventory levels, and high home values. We don’t currently see any change on the horizon, so my guess…………things will continue as they are: low inventory and prices continuing to appreciate.
November 1st, 2021
78 properties for sale
117 properties under contract
68 sales in last 30 days
1.14 months current inventory
$204 was average $/sq ft
$445,000 was average sale price
32 was average days to sell
Comments – The seller market continues, it has been such for the last 2 years or more. We continue with low level of inventory, and demand remains high with the current low interest rates. We have begun to see a slow down of the appreciation, which is good, because we saw a 18-23% increase in the last year!!! That will not be sustainable for the long term.
October 25th, 2021
I looked up some other information today, which I tend to track. GDP, un-employment rate, home debt percentages, interest rates, foreclosures, and rentals. In my mind these all hold a little information that can tell us what is going on with our economy.
While un-employment continues to be high at 5.9%, this number is done a significant amount due to COVID. At this point the economy seems to be moving along nicely, regardless of this number being a little high. GDP ideally would be great to be 2-4%, and is currently 6.8% which is high. Apparently the FED seems this is ok for now, but they indicate they will continue to monitor inflation. The national household debt is average about 9.18%, which has been pretty steady for some time. Lastly interest rates continue to be in the 3% range, which makes buying affordable.
Rentals and foreclosures. Currently the number of available rentals is going up, but this is a good thing. There had been such a shortage, that atleast now tenants can potentially find a rental. Previously there were so few, it was hard to secure a property. Regarding foreclosures, the number of properties in foreclosure is low.
That is it for now. Overall, the information above tells me the housing market is doing just fine, and I don’t see any red flags signaling a change.
October 18th, 2021
Current stats and numbers that reflect the state of the Laveen Real Estate Market:
69 properties active and for sale
129 properties under contract
60 sales in the last 30 days
1.15 Current months inventory
$207 was average $/sq ft for sold homes
$439,000 was average sale price
24 was average days on market
Comments – We continue to see low inventory (1.15 months), and we also continue to see strong demand. With strong demand, and low inventory, the smart money is that the home values will continue to appreciate for atleast the short term.
September 27th, 2021
76 properties currently for sale
110 properties under contract
70 properties sold in last 30 days
1.08 months current inventory
$212 was average dollar a square foot
$427,000 was average sale price
23 was average days on market
Comments – We have seen an increase of inventory, but it has been minimal. Homes continue to sell pretty quickly, with 23 days being the average across the zip code. The market continues to be competitive for buyers, and favor sellers.
September 13th, 2021
67 active properties for sale
113 properties under contract
66 sales in last 30 days
1.01 months current inventory
$210 was average $/sq ft for sold homes
$424,000 was average sale price
21 was average time to sell
Comments – Ever feel like your description for something is STUCK in a repetitive cycle? For some time now, we have been in a seller market, and the current stats continue to show a SELLER market. Values continue to appreciate at this time. Demand continues to be high and steady, and with low inventory, we may continue to live in a seller market for the near future.
September 7th, 2021
We continue to see a low level of inventory, but noticing small changes……….see below:
61 properties for sale
111 properties under contract
70 sales in the last 30 days
.87 is current months of inventory
$207 is average $/sq foot for sold homes
$428,000 was the average sale price
22 was average days on market
Comments – Seller market continues, which is a great time to sell.
August 30th 2021
So it appears that I have gone a couple of weeks without having done any updates, sorry. Find below the updates as of today:
65 properties active and for sale
109 properties currently under contract
78 properties sold in last 30 days
.83 is the current market inventory
$201 was average dollar a square foot
$424,000 was the average sale price
23 was average time needed to sell
Comments – The seller market is continuing at this point, but we are seeing some slight changes. While the seller market continues, it seems the SEVERITY of the seller market has come down a bit. For most homes, that could mean only receiving 20 offers instead of 40 over the course of a weekend.
Good time to sell – hell yes.
July 26th, 2021
Below are the most recent stats to show trends in the Laveen area real estate market:
46 properties currently for sale
100 properties under contract
74 sales in last 30 days
.62 moths current inventory
$198 was average $/sq ft for sold homes
$417,000 was average price
23 was average time to sell
Comments – The seller market does continue at this time, and we are finding that that trend may continue. We are seeing also, that the severity of the seller market is coming down. This could be good news for buyers, as we may be in a balanced market in the next few months. For now, great time to sell and to buy.
July 19th, 2021
Here are the most recent stats for the Laveen Az area:
45 active homes for sale
104 properties under contract
70 properties sold in last 30 days
.64 months inventory
$196 was average $/sq ft
$414,000 was average sale price
25 was average time needed to sell
Comments – Still a seller market, great time to sell.
July 12th, 2021
39 Active properties
108 properties under contract
61 properties sold in last 30 days
$192 was average $/sq ft
$409,000 was average sale price
22 was average days to contract
Comments – The seller markets continues at this time. Great time to sell.
July 6, 2021
30 homes currently for sale
102 homes under contract
54 sales in the last 30 days
$190 was average $/sq ft
$410,000 was the average sale price
24 was average time to sell
Comments – Continues to be a seller market. Yet…, some market indexes show a slowing of the strength in the seller market. Should that trend continue, at the current rate, Laveen could see a balanced market soon. Will it come to light? We can only give a general forecast, but with market changes, the forecast can change. Over the last several weeks, the seller market index has dropped.
June 21 2021
Somehow time has gotten away from me, and I missed a couple of weeks. As you see below the Laveen Az real estate market has not really changed much in that time. Currently, here are the latest real estate numbers to help see the trend:
41 properties for sale
90 properties under contract
58 sales in last 30 days
.70 months inventory
$184 was average
$418,722
20 was average time
Comments – Seller market continues. Actually, a lot of Laveen (ALL) is seeing homes sell very quick, and most over asking price. Great time to sell indeed.
May 31st 2021
There really has not been much change to the Laveen real estate market in the recent past, in essence it is the same ol’same ol situation. Below are the current numbers:
28 homes currently for sale
66 properties under contract
73 properties sold in the last 30 days
.38 months current inventory
$189 was average $/sq ft for homes sold
$408,000 was the average sale price
23 was average time needed to sell
Comments – We continue with a REAL low inventory of homes, WOW only 28 available today!! The low inventory, and continued demand for homes has of course, helped continue to fuel the values of homes. We continue to see home appreciation, and this is likely to continue for now. Looking to sell your Laveen HOME? Call me, David Baker your Local Laveen Realtor for your free home value consultation.
May 17th, 2021
Somehow I’ve managed to miss a couple of weeks updating the Laveen real estate section. Sorry for delay, here is your quick glimpse at the current Laveen real estate situation.
17 homes for sale – (DAMM that is SOOO low – we had been on average 100-120 at this time in past years!!!)
85 properties under contract
65 sales in last 30 days
.26 months inventory (low)
20 days was average to get home sold
$187 was average $/sq ft
$407,000 was average sale price
Comments – So what is the key take away from the above statistical information for the Laveen real estate market? We continue with super low inventory of homes, crazy low number of active homes for sale, home values continue to rise, and we don’t really see a change on the horizon at this point.
April 26, 2021
Excuse the short break, I am now back to provide you with Laveen home values update for April 26th.
22 Properties for sale
81 properties under contract
79 sales in the last 30 days
.27 months inventory
$177 was average $/sq foot for sold homes
$411,000 was average sale price
26 was average days needed to sell home
Comments – Not much to say beyond what has been said for the last 2 years or so. The market continues with extremely low inventory, and home values continue to appreciate. So far, no signs showing a change of any kind to the market. Interest rates continue low, so buyers who can are trying to take advantage. Great time to sell, with low inventory most sellers see multiple offers, and are able to negotiate the best net in time like these.
March 16, 2021
Wow, only 21 properties for sale at this time
92 properties under contract
77 sales in last 30 days
.272 months inventory
$177 was average $/sq ft for sold homes
$369,000 was average sale price
45 was average time to sell
Comments – No change from last post, no apparent change on the horizon, this seller market seems prepared to stay for the foreseeable future. Values continue to rise, and low inventory continues to be a HUGE obstacle to buyers at this time.
March 1, 2021
Folks, if you are a regular follower of my posts, sorry, it got away from me. Here is the most recent activity in the Laveen area:
22 homes active and for sale
101 homes currently under contract
59 sales in the last 30 days
.372 months current inventory
$172 was average $/sq ft for sold homes
$376,000 was average sale price
39 was average time to sell
Comments – Well first off, lets look at active homes for sale. We are at a CRAZY low number of active homes. Since 2013, we have usually had over 120 homes active for sale, now we are not even at 25% of that!!! Super low inventory!! While days on market shows 39, the actual time to sell most homes at or below average sale price tends to be much quicker.
Looking to sell? It is a great time. The low inventory will mean your home may likely have a lot of showings, and several offers! The key will be pricing, marketing well, and then, having a good negotiator to get the best deal.
January 25th, 2021
27 properties currently for sale
85 properties under contract
44 properties sold in last 30 days
.61 months inventory
$161 was average sale price $/sq ft
$345,000 was the average sale price
38 was average time to sell
Comments – Inventory is so low, that buyers are really have a hard time finding properties. This is an ideal time to sell, because of the low inventory, and of course home values being the highest they’ve been in the last 10 plus years.
January 14th 2021
Wow, I mean REALLY WOW – Only 27 active homes in Laveen for sale!!!
27 active homes for sale
79 properties under contract
65 sales in last 30 days
.41 months inventory
$153 average $/sq ft for sold homes
$334,000 was average sale price
37 days was average time to sell
Comment – I say again, WOW, only 27 active homes. This is great for sellers, they have SO little competition, that they will be able to negotiate a great deal. On the other hand, buyers, you don’t have choices. There are very few options, and even new homes have waiting lists. But, keep with it, these interest rates are AWESOME, and should you want to buy, you need to take advantage of the rates now.
December 7th 2020
Below find the most recent Laveen Az real estate information, which helps us determine trends in the real estate market:
41 active homes for sale
109 properties under contract
76 sales in the last 30 days
.53 months inventory
$160 was average $/sq ft for sold homes
$321,000 was average sale price
22 was average time to sell
Comments – In is incredible looking back over the last year, that not even 1 time, have we had over 100 homes active for sale. In years past we hovered between 75 to at least 120 homes active and for sale. Inventory is WAY down, and demand is still high. Due to this current market condition, I don’t foresee a change in the Laveen real estate market. I suspect home buyers will continue to buy, and sellers will continue to get top dollar into 2021.
November 30th, 2020
Below is the information that helps us makes sense of our current real estate market:
44 active homes for sale
121 homes under contract
69 sales in the last 30 days
.63 months current inventory
$156.10 was average $/sq ft for sold homes
$325,000 was the average sale price
26 was average time needed to sell
Comments – We continue with a seller market, and super low inventory of homes. During the holiday season, we tend to see a slow down in homes to market, as well as sales. Till this point, I have not yet seen it. Great time to sell
November 16th 2020
52 active properties for sale
123 properties under contract
67 properties under contract
.776 months inventory
$152.11 was average $/sq ft for sold homes
$321,000 was average sale price
29 was average time needed to sell
Comments – The seller market continues! Notice that the average sale and the average $/sq foot price went down since last week, so we will need to keep an eye out for it. Yet, no real change it continues to be excellent time to both buy and sell!
November 9th 2020
Home values are still trending up, about 11% from this time last year!! Good time to buy & sell too!!
52 properties currently available and for sale
132 properties under contract
62 properties sold in last 30 days
.83 months inventory
$153 was average $/sq ft
$334,515 was average sale price
28 was time needed to sell
Comments – If selling, know that homes are selling quick, if they are priced right! You may even get multiple offers, which a good realtor can use to NET you more Money. Buyers, inventory is low, but so are interest rates. You may pay more for the home, but monthly payments could be less than years prior.
November 2nd, 2020
46 properties for sale
124 properties under contract
64 sales in the last 30 days
$153 was average $/sq ft
$324,000 was average sale price
31 was average days needed to sell
Comments – Super low inventory continues, and homes coming to market that are priced right are selling fast. Historic low interest rates, are keeping home buyers buying, and with low inventory many buyers are offering over asking. Remind anyone of the mid 2000’s? No change in sight for now
October 19th, 2020
70 properties currently for sale in Laveen Az
103 properties under contract
66 sales in last 30 days
$148 was average $/sq ft for sold homes
$313,000 was average sale price
32 was average time to sell
Comments – In honesty, I can’t believe we are still seeing home values going up. In a way, it makes sense since we have SUCH low inventory of homes and super low interest rates. Affordability could definitely become a factor for many buyers once interest rates go up. All key real estate indicators at this time show that there is really no change in the market. It continues to be a great time to sell (sellers market) as well as good time to buy due to the low interest rates.
October 6th, 2020
Below are the most recent real estate numbers for the Laveen area:
54 properties currently for sale
108 properties under contract
78 sales in Laveen in last 30 days
$145.71 was average $/sq ft
$302,000 was average sale price
27 was average time needed to sell
Comments – I just can’t believe how long we have been in a seller market and over all with a healthy real estate market. While un-employment still causes me some concern, as does GDP, as well as the pandemic, the real estate market has pretty much remain untouched. Home values have continued to rise……..but will it continue. Affordability could also become a factor, which till now has not due to crazy low interest rates.
For now, it continues to be a good time to buy and to sell. No indicators on the horizon of a change coming, but keep an eye on un-employment and GDP, it will eventually trickle into the housing market and maybe we see a slowing or stalling of increasing values.
September 28th 2020
51 properties currently for sale
127 properties under contract
78 sales in last 30 days
.65 months is current inventory of homes for sale in Laveen
$315,000 was the average sale price
30 was average time needed to sell
Comments – Properties are selling REAL fast at this time. This in 100% due to low level of inventory of homes, and buyers having to compete for homes, which is leading to highest and best offers. This makes for a great time to sell.
September 7th, 2020
51 properties for sale
114 properties under contract
63 properties sold in last 30 days
.80 months current inventory
$149.34 was average $/sq ft
$310,000 was average sale price
36 was average time to sell
Comments – No change. Seller market, values continue to rise slowly, and inventory remaining very low.
August 31st, 2020
Below are the most recent numbers for Laveen Az:
48 active properties for sale
111 properties under contract
66 sales in the last 30 days
.72 months current inventory
$316,000 was average sale price
36 was time needed to sell
Com6ments – Seller market continues with no indicators at this time of any change coming. Interest rates remain low, but there are some warning that that may soon end. Keep up with rates to see if they begin to go up, as this will affect home buyers.
August 24th, 2020
52 properties active and for sale
110 properties under contract
62 sales in last 30 days
.83 months current inventory
$143.87 was average $/sq ft for sold homes
$307,000 was average sale price
25 was average time to sell
Comments – No real change, seller market continues. The one real notice able item, is the number of active homes for sale. You may think, maybe sellers are ready to sell, thinking this is the top of the market before a crash………….but you’d be wrong! The up tick in number of active listings, is due 100% to 3 new subdivisions in the Laveen area that added 19 listings to the MLS. We still have a pretty significant shortage of homes.
That being said, if you are considering selling……….this is a great time. With values up, and such a low number of homes for sale, you are likely to have a fair amount of interest in your home.
August 10th, 2020
37 properties for sale
103 properties under contract
65 sales in last 30 days
.56 months current inventory
$142.00 was average $/sq ft for sold homes
$322,000 was average sale price
30 was average time to sell
Comments – As you can see from earlier entries, going back over a year, the market favors sellers. This has been the trend for the last couple years, and it can make it harder for a home buyer to get into a home. With low inventory, we are seeing homes sell super fast, often with full price offers. Great time to sell!
August 3rd, 2020
32 properties for sale
94 properties under contract
68 properties sold in last 30 days
.47 months current inventory
$143 was average $/sq ft
$318,000 was average sale price
34 was average time to sell
Comments – See below comments………there is no change. Seller market continues, with super low inventory!! Great time to sell, but also good time to buy due to EXTREME low interest rates.
July 27th 2020
30 properties for sale
99 properties under contract
60 properties sold in last 30 days
.5 months current inventory
$144.46 was average $/sq ft for sold homes
$320,000 was average sale price
36 was average days on market for sold homes
Comments – The seller market continues at this time. Great time to sell!!
July 13th, 2020
32 properties for sale
96 properties under contract
64 properties sold in last 30 days
0.5 months inventory
$147.85 was average $/sq ft
$327,000 was average sale price
35 was average time to sell
Comments – I’m running out of comments!!! How many times in the last 2 years, can I continue to describe a seller market. I wonder, can it LAST? We are in an economic downturn, un-employment is over 10%, COVID is raging across the state and country – will values hold? Good questions – and I truly don’t know. For now, I am seeing no change – and this is after 3 months since the virus hit the country.
July 6th, 2020
29 properties for sale
92 properties under contract
57 properties sold in last 30 days
.50 months current inventory
$146.70 was average $/sq ft
$316,000 was average sale price
31 was average time to sell
Comments – As you can see from previous entries into my Laveen real estate blog, you will notice there really is NOT any significant change in the real estate market. Home values are steady, homes are selling fast, and INVENTORY remains low. Ideal situation for a seller.
June 29th, 2020
Wow, can you BELIEVE just how low our inventory has gotten!!! Check out our latest stats below:
19 active properties for sale
101 properties under contract
62 sales in last 30 days
.30 is current inventory level
$145.20 was average $/sq ft
$309,000 was average sale price
32 was average time to sell
Comments – Wow – just wow, look at how low the level is for active homes!! There is really not much inventory at ALL, and this is making very difficult for new buyers, first time buyers to get into a home. +++If this is you (buyer having trouble buying, call me – I know another option) ++++
Sellers, with values up and inventory low, if you are thinking of selling, this is a great time.
June 22, 2020
Find below the most recent stats and numbers for the Laveen Arizona real estate market:
21 active homes for sale
109 properties under contract
56 properties sold in last 30 days
.375 monhts inventory
$144.55 was average $/sq ft
$305,000 was average sale price
34 was average time to sell
Comments – As you can see from previous posts, as well as the numbers above, the real estate market in Laveen is still a Seller Market. We continue with REAL low inventory of homes, which is making it harder for buyers. Sellers however, well they are currently enjoying quick sale times, often time multiple offers on their home.
June 8th, 2020
Current real estate numbers for the Laveen Az area:
25 active properties for sale
99 properties under contract
63 sales in last 30 days
.39 months inventory
$140.91 was average $/sq ft for sold homes
$312,000 was average sale price
36 was average time to sell
Comments -Regardless of what is going on in the world, the nation, or our local economy…………Laveen Arizona real estate is in a seller market. Homes are selling fast, and they are holding steady on prices. One big difference from a year ago, is the FEW homes active for sell, only about 1/3 of what was readily available in June 2019!! Buyers are having to compete for homes.
June 1st, 2020
Find below the most recent information for our Laveen real estate market:
33 active homes for sale
92 properties under contract
62 properties sold in last 30 days
.53 months inventory
$141.56 was the average $/sq ft
$307,823 was the average sale price
38 was the average time to sell
Comments – We currently have a seller market, which has been the case for over 2 years at this point. We continue with a super low inventory of homes for sale in the area. Homes priced right, are selling in at most about 38 days.
Great time to sell. The numbers at this time do not indicate any change in the market.
May 18th, 2020
What is crazy, with so much going on in the world, our nation and of course our economy……..real estate remains unchanged!!
42 properties for sale
88 properties under contract
61 sales in last 30 days
.68 months inventory
$140.68 was average $/sq ft for sold homes
$303,625 was average home sale price
37 was average time to sell
Comments – While we see some fluctuation in days to sell, average dollar a square foot, and even average homes sale prices, we really remain unchanged. The real estate market continues to favor sellers, as we continue to have a very low level of inventory. Values are holding steady, and really, IDEAL time to sell.
May 11th, 2020
The most recent statistics for our local Laveen Real Estate market:
45 properties active and for sale
87 properties under contract
69 sales in last 30 days
.65 months inventory
$143.45 was average $/sq ft for sold homes
$315,137 was average home sale price
47 was average days to sell
Comments – No real change at this time to our local Laveen real estate market. We continue with LOW inventory, which of course continues to benefit sellers. Values are holding steady as well, so TO DATE numbers are not showing any affect to Laveen real estate. Though…. we do have less homes for sale, and we are also seeing less sales than this time last year.
May 4th 2020
Below are the most recent real estate numbers, to better help us determine the current state of the Laveen real estate market:
41 properties currently for sale
95 properties under contract
54 properties sold in lasgt 30 days
.75 is current inventory level of homes
$144.96 was average $/sq ft for sold homes
$315,000 was average sale price
54 was time needed to sell
Comments – Inventory levels continue to be low, especially at this reporting as we only have 41 properties actively for sale. (WOW thats low). We are still seeing also sales happening, but compared to last year the number of transactions at this point is DOWN! It continues to be both a good time to buy (good interest rate), and also to sell (good home values).
April 27th, 2020
Not sure how a week was missed, but regardless, find below the most recent stats for Laveen Real Estate:
48 properties currently for sale
100 properties under contract
58 sales in last 30 days
.82 months inventory
$144.26 was average $/sq ft
$326,045 was average sale price
47 was average time to sell
Comments – By just looking at the numbers, you can really see what the current status is for real estate in the Laveen area. Simply put, homes are selling, low inventory continues and values are still holding to slowly appreciating.
April 13, 2020
63 properties for sale
107 properties under contract
49 sales last 30 days
1.28 months inventory
$141.92 Was average $/sq ft for sold homes
$315,814 was average sale price
29 was average time to sell
Comments – Not much to say. We are couple weeks into COVID and the quarantine, but that has not seemed to affect our Laveen real estate market at all. Home still are selling, inventory continues low.
April 6th, 2020
66 properties for sale in Laveen
106 properties under contract
49 properties sold in last 30 days
1.34 months inventory
$141.18 was average price/sq ft for sold homes
$314,835 was average sale price
24 was average time to sell
Comments – So far no change in our Local real estate industry. We continue to see low level of inventory, and a continued seller market. So far the COVID has not affected our real estate market.
March 30, 2020
So far COVID 19 or the the Corona Virus has not had a visible affect on our real estate market. See below the most recent real estate numbers to see what is happening in our Laveen market:
61 properties for sale
102 properties under contract
50 sales in last 30 days
1.22 months inventory
$139.64 was average $/sq ft for sold homes
$300,842 was the average sale price (there was a couple over $500,000 so up this week)
24 was average time to sell
Comments – No real change so far this year in our real estate market. There are many changes though on the National and World level, and I foresee this is likely to have an affect sooner or later. We will have to continually monitor the situation. At this time, great time to buy and sell as well because of prices and interest rates.
March 23,2020
50 properties for sale
106 properties under contract
49 sales in last 30 days
1.02 months inventory
$286,000 was average sale price
$132.71 was average $/sq ft
26 was average time need to sell
Comments – As you can see COVID 19, has not really impacted real estate in Laveen as of yet. We are seeing a slow down in closing time frames, namely turn times for appraisals. Homes are still selling and If you are considering selling the stats still support it being a great time to do so.
March 16th, 2020
41 properties for sale
103 properties under contract
53 properties sold in last 30 days
.77 months inventory
$135.44 was average $/sq ft for sold homes
$287,954 was average sale price
29 was average time to sell
Comments – While inventory went up a smidgen, we are still very much in a seller market. 29 days is what homes are taking to sell, unless of course they are not priced right. Great time to sell a home in Laveen Az at this time.
March 9th, 2020
39 homes for sale – Low inventory
90 homes under contract
64 sales in last 30 days
.59 months inventory
$135.83 was average $/sq ft
$291,163 was average sale price
37 average time to sell
Comments – NO change – we continue with low level of inventory, and slowly appreciating market. At this point, seems about 7% appreciation from this time last year.
March 2, 2020
Below are the most current numbers for Laveen Az
34 properties for sale
86 properties under contract
69 sales in the last 30 days
.49 months inventory
$139.47 was average $/sq ft
$292,020 was average sale price
43 was average time to sell
Comments – At this time, we also have a:
3.5 % unemployment – which is low
3.7% interest rate – Also historic lows
1.8% GDP ratio – which is below the 2-4% we strive for
What does it all MEAN? Well, at this time I don’t really foresee any immediate change. The low un-employment and low interest is GREAT and is helpful for both buyers and sellers. As you can see from Laveen’s real estate numbers, the housing market continues to favor sellers with a super low inventory – which can lead to multiple offer situations!
We need to watch the GDP ratio. When low it can lead to business’s tightening up their spending. This of course can lead to employment loss, so let us see where that number goes. Keep in mind, it has been a good economy since before 2013 – and the economy goes through phases. Is a new phase around the corner? Many do think the answer is yes.
February 24th, 2020
Below are the most recent numbers, which show us the current status of our Laveen Arizona real estate market:
33 properties for sale
90 properties under contract
72 properties sold in last 30 days
$140.47 was the average $/sq ft
$298,930 was the average sale price
47 was the average days on market
Comments – Well, the real estate market is HOT. Yes, homes are selling pretty fast, and values are still slowly appreciating. Interest rates appear to continue low, and this makes it a continued great time to buy………..as well as sell.
February 18th, 2020
Wow, the low inventory trend appears to not want to let up! Below are the recent/current real estate numbers for Laveen Arizona:
29 properties currently for sale
91 properties under contract
60 sales in last 30 days
.48 months current inventory
$140.60 was average $/sq ft for sold homes
$298,082 was average sale price
48 was average time needed to sell
Comments – The level of inventory continues at what I would describe is “incredible lows”. We are currently 80% less active listings than we where at this time last year. This means buyers continue with fewer choices or options, and must potentially compete with other buyers to procure a home. This is especially the case under the average sale price for the Laveen area.
February 10th, 2020
Below are the recent numbers for our Laveen real estate market:
35 properties for sale
94 properties under contract at this time
49 properties sold in last 30 days
.71 months current housing inventory in Laveen
$136.66 was average $/sq ft for sold homes
$296,878 was average home sale price
46 was average time to sell
Comments – Holy, wow!! Not sure people realize, just how low our inventory is at this time. Buyers are having a hard time, especially at the lower price ranges, due to competition for the few available homes. This is however, allowing sellers to NET THE HIGHEST price possible while selling. NOTE – This does not necessarily mean you can sell for more, but those homes that are selling are selling for market value and negotiating the best NET. Not sure how to net the most? Then talk to me, lets discuss and I’ll show you how we can market and sell your home for the highest net to you!
February 3, 2020,
Can I just say DAMMMM! See comments below for more:
34 properties active and for sale in Laveen
100 properties under contract
47 sales in the last 30 days
.72 month inventory
$136.41 was average $/sq ft for sold homes
$308,700 was the average sale price
44 was average time to sell
Comments – Can I just re-say – DAMM!!! So first, we continue to have a seller market. Yet, DAMM – only 34 properties active and for sale, are you KIDDING ME!!! I can tell you, it has likely been at the very least over 10 years since we have seen so FEW homes for sale in Laveen. It may be closer to 20 years ago, when there still was no Fry’s, car washes, sandwhich shops and cows wandered around the dairy at 51st and baseline Rd. Also, at that time, there as not many houses in the area. This is an insanely low number of homes for sale.
I must say, if you need to sell, this is a great time. Low inventory, but also crazy low. Buyers have few choices at this time, and that is great for you MR and MRS seller. I recommend – DO NOT sell via a investor, or Ibuyer – you’d be giving away equity. Yet – choice is yours, I would just assume your nuts and like giving away money.
January 27th, 2020
Laveen current real estate market:
42 properties for sale
94 properties currently under contract
41 properties sold in last 30 days
1.02 months current inventory
$136.09 was average $ sq ft
$312,522 was average sale price
46 was average time to sell
Comments- The seller market continues, with a ongoing low level of inventory. Home values are slowly appreciating at this time.
January 21st 2020
Below are the current numbers which help us with the Laveen real estate trends:
42 properties for sale in Laveen
90 properties under contract
38 properties sold in last 30 days
1.10 current months inventory
$135.51 was average $/sq ft
$292,705 was average sale price
43 was average days on market
Comments – At this time, we continue seeing a seller market. We continue with a low level of inventory, which makes it a great time for a seller to place their home on the market. For buyers, interest rates remain around 4%, which is also a great time to buy.
January 13th, 2020
Currently we have the following Laveen Az real estate numbers:
53 properties for sale
71 properties under contract
52 properties sold in last 30 days
1.01 months inventory
$138.38 was average $/sq ft
$291,987 was average sale price
48 was average time needed to sell
Comments – Well the first two weeks of the year, are a carbon copy of the last several months. Low level of inventory, a seller market, and homes that sell relatively quick. Especially if priced RIGHT.
January 6th, 2020
Welcome to the new year, and a new decade!! Below are the most recent numbers that allow us to understand the current real estate market in Laveen Arizona, and the trends:
57 properties currently for sale
66 properties under contract
50 properties sold in the last 30 days
1.14 months current inventory
$134.91 was average $/sq ft
$286,037 was the average sale price
48 was average days needed to sell
Comments – Well, we start the new year pretty much as we ended the 2019 year… in a seller market. Inventory continues to remain low, which continues to favor sellers. Home values are currently at the highest they have been in a decade. Both of these conditions make it a good time to sell, high values and low inventory.
Currently our statistics don’t show any change in the real estate market. The seller market appears poised to continue, though one thing to notice, home value appreciation has slowed. We had been in double digits till this last year.