Arizona Real Estate Notebook

Don’t research homes without it! John Wake, Assoc. Broker, HomeSmart

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85048 Phoenix real estate notebook

List of New MLS Listings in Phoenix 85048

85048 New MLS Listings Map

85048 Boundary Map

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Homes Sold in Phoenix, Arizona 85048


June 21 to 27 - Closings

Sq.
Feet
$per
SqFt
Rm/
Bath
Yr
Blt
Sale
Price*
Address
Click to see map
 3,111   159   9/3   94   $495,000   1002 E Mountain Sage Dr
 1,953   143   8/2   96   $280,000   1011 E Hiddenview Dr
 1,644   179   6/3   91   $295,000   1133 E Wildwood Dr
 3,307   180   8/3   94   $595,000   2001 E Rock Wren Rd
 2,928   190   9/3   93   $556,250   2032 E Tecoma Rd
 3,318   164   10/4   89   $545,000   2440 E Squawbush Pl
 1,389   166   5/2   88   $230,000   2535 E Taxidea Way
 2,495   168   7/2   90   $420,000   2647 E South Fork Dr
 3,470   180   9/4   87   $625,000   3129 E Rock Wren Rd
 2,104   162   7/3   99   $340,000   3135 E Amber Ridge Way
 1,572   169   7/2   89   $265,000   4235 E Saltsage Dr
 3,865   217   9/3   88   $840,000   15245 S 16th Pl
 2,438   118   9/3   90   $287,000   15819 S 27th Pl
 1,880   138   8/2   99   $259,000   16617 S 44th Pl
 1,317   110   3/2   96   $145,000   c 3236 E Chandler Blvd Apt 1007
 -   -   -   New   $199,900   c 16160 S 50th St Apt 134
A “c” before an address means it’s a condo, townhouse or patio home.
* Click on the sale price to see County Assessor data.
About the data.
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85048 Phoenix, Arizona - Home Sale Charts (Beta)

About the home sale charts. I create these monthly charts using official Maricopa County home sales data. I’m still beta testing these charts so they may still have some errors. Please contact me if you see any errors.

Be aware that the fewer the number of sales, the more erratic the median prices will be from month to month.

Individual homes sold last month

85048 individual homes sold

85048 median home sales price

Long-term monthly trends

85048 homes sold

85048 median home sales price

85048 median home sales price per square foot

85048 Phoenix, Arizona - Home Listing Charts

About the MLS listing charts. I buy the charts below from Altos Research. They create the charts using data gathered from Realtor.com and not directly from official MLS data which is not available for this purpose. The two datasets, however, should be similar. Altos Research does not guarantee the accuracy of their charts.

85048 Median List Price

85048 median list home priceSingle family detached. Rolling 30-day average. This is list price, not sold price.

85048 Median List Price Per Square Foot

85048 median list home priceSingle family detached. Rolling 30-day average. This is based on list price, not sold price.

85048 Inventory of Homes Listed for Sale

85048 inventory of homes listed for saleSingle family detached. Rolling 30-day average

85048 Average Days on Market of Listed Homes

85048 average days on market of listed homesSingle family detached. Rolling 30-day average. This is listed homes, not sold homes.

5 Comments

5 responses so far ↓

  • 1 Jim Law // Feb 9, 2008 at 11:12 am

    I think your info is wrong. I subscribe to your emails for a few zipcodes so used you to try and check on AZ Republic price of home in Ahwatukee today. When I checked your latest report for 85048 and was shocked to find homes sold for $111 a foot. If you can produce those homes I’m pretty sure I can line up a big pile of cash to purchase them. Of course, within 1 minute I was able to ascertain that the loan on your 3115 E Verbena Drive sale was for $395,000 so that means that on 1/8/08 this buyer got a loan for 100% of the purchase price of his loan. Maybe the mortgage crisis isn’t over yet but I think the days of no equity loans is pretty much behind us.

    Personally, I am dismayed to find out that your data can’t be relied upon. More importantly, you are giving buyers false hope of what they can purchase and doing a disservice to the owners of property. Please verify that I am correct and then apologize to your readers. You owe it to the public that if you can’t report accurate information then you should desist from this form of advertising.

    As a side note, I realize that you probably have a flaw in your computer program that builds this info because no real estate professional would not have alarm bells go off when he saw houses selling for $111 & $125 a foot. This would be the biggest story the AZ Republic ever had since that would mean that every home in Arizona was worth less than construction costs.

  • 2 Jim Law // Feb 9, 2008 at 11:21 am

    I should have noted that the recorders office reports the sales price of the Bighorn property at $482,500 ($148/ft) & the Verbena property at $528,000 ($167/ft). Year difference is sales date might reflect market changes but I’m not a Realtor so I’m just guessing.

  • 3 John Wake - Real Estate // Feb 9, 2008 at 4:08 pm

    Thanks for the heads up.

    As it says above, “I’m still beta testing these charts so they may still have some errors. Please contact me if you see any errors.”

    So thanks again. I’ll check into it.

  • 4 John Wake - Real Estate // Feb 9, 2008 at 4:25 pm

    Jim,

    Good news! The numbers are accurate!

    I just checked the sales prices against a different database, the MLS, and came up with the exact same sales prices for those two homes you mentioned.

    http://armlslistings.marketlinx.com/SearchDetail/Scripts/PrtBuyFul/PrtBuyFul.asp?prp=mls&AgentId=JW406&EmailKey=91402136

    I think you are right, there are some shockingly low sales prices out there.

  • 5 John Wake - Real Estate // Feb 10, 2008 at 2:08 pm

    Jim,

    Keep an eye on the Assessor’s web site and when they updated it with these new sales, let me know it says.

    If they don’t match what I have, I’ll have to debug it, however, I think they will match.

    I just sounds to me like a couple of sellers lost a ton of money on those two homes and a couple of buyers got great deals.

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