Litchfield Park, AZ – Real Estate Market Data – October 2012
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October Property sales were 57, up 16.3% from 49 in October of 2011 and 39.0% higher than the 41 sales last month. October 2012 sales were at their highest level compared to October of 2011 and 2010. October YTD sales of 536 are running 13.3% behind last year’s year-to-date sales of 618.
The Median Sales Price in October was $195,000, up 36.8% from $142,500 in October of 2011 and up 25.8% from $155,000 last month. The Average Sales Price in October was $223,897, up 21.3% from $184,558 in October of 2011 and up 21.3% from $184,521 last month. October 2012 ASP was at the highest level compared to October of 2011 and 2010.
The Total Inventory of Properties available for sale as of October was 197, up 5.9% from 186 last month and up 19.4% from 165 in October of last year. October 2012 Inventory was at a mid level compared with October of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2012 MSI of 3.5 months was at a mid level compared with October of 2011 and 2010.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for October was 39, down 43.5% from 69 days last month and down 52.4% from 82 days in October of last year. The October 2012 DOM was at its lowest level compared with October of 2011 and 2010.
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Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.