Avondale, AZ

Avondale Arizona Real Estate Market

As of 2/23/2012, Avondale Arizona Home inventory is down and price per square foot is slowly increasing. A slight decrease in sales over the past two years is at least partially due to the reduced inventory. Market changes for Single Family Detached homes are charted here.

The average price for an Avondale Arizona Home last month was $102,447.00. The 2010 home below is priced at $100,500.00 for a 2254 SF 4/3 corner lot home with a pool.

Great homes for the price are to be found in Avondale!

See all the Homes for Sale in Avondale or select from Avondale Horse Property as you wish.

Data and images courtesy of The Cromford Report and ARMLS

All real estate markets are local. Local meaning specific neighborhoods, subdivisions or zip codes.

As a REALTOR® living and working in the Phoenix Metro Area I’m often asked what parts of the Valley are selling well? What areas are seeing price increases or decreases and where will buyers get the best deal: Lender Owned (REO), Short Sales (SS) or Traditional (Norm)?

The Matrix below is a small part of the market report that I supply to buyers and sellers. It can be narrowed or expanded to meet the needs of the client. Here’s an overview of the Avondale, AZ 85392 and 85323 Market between December 30th 2011 and January 30th 2012.

Overall Avondale has remained a pretty stable market with relatively few changes over the previous four months.

One of the things that does stand out is the decline in active listings. Over the past four months the available inventory of single family detached homes has fallen by 40%.

REO days on market have increased while Short Sale days on market have decreased by almost the same percentage.

The change in REO DOM may, in part, be due to certain lenders originally listing properties higher than market value believing that the properties will bring higher prices because of a shrinking inventory.

List Price Per Square Foot and Sold Price Per Square Foot in all three categories has remained relatively unchanged over the same four months, however, REO List PPSF and Sold PPSF has declined about 3%.

This may also be due, in part, to the same lender theory of originally pricing properties at higher than market value and lowering the price as time passes. Ultimately this can cause a property to sell for less than market value.

So what does this news mean to buyers and sellers?

If you are thinking of buying a home in Avondale in the next 6 months do it now. Prices will be going up and interest rates have no where to go except up. This is one of those years people will be talking about in the future. “Remember 2012, wish I’d bought back then”.

If you can handle the ups and downs of the Short Sale process you may be able to get a great home at $12-$15 per square foot below normal market prices.

If you are thinking of selling your home in the next 6 months list it now. Inventory is low so there will be more potential buyers, (competition), for your home. Work with an experienced REALTOR® to price your home correctly and it will sell quickly.

Whether you’re buying or selling I offer a free, no obligation, consultation. As an informed buyer or seller you’ll make better decisions. Call me today at (602) 793-1627 or E-mail Nancy@NancyLaswick.com

5 Bedroom HUD Homes In Avondale – Avondale HUD 5 Bedroom Homes

Looking for the perfect 5 bedroom HUD home in Avondale? We have all the right information for you including schools, community, and surroundings. This beautiful HUD home has all the requirements to meet your needs.

This Avondale HUD 5 bedroom home is a nice family and friendly community in a great location. Not only is it a great location is a newer built HUD home that is move in ready! Built in 2004 with 2342 square feet. We are ready to quickly make this beautiful home yours.

The Home Buying Process

4 Bedroom HUD Homes In Avondale – Avondale HUD 4 Bedroom Homes

Looking for the perfect 4 bedroom HUD home in Avondale? We have all the right information for you including schools, community, and surroundings. This beautiful HUD home has all the requirements to meet your needs.

This Avondale HUD 4 bedroom home is a nice family and friendly community in a great location. Not only is it a great location is a newer built HUD home that is move in ready! Built in 2004 with 2134 square feet. We are ready to quickly make this beautiful home yours.

The Home Buying Process

3 Bedroom HUD Homes In Avondale – Avondale HUD 3 Bedroom Homes

Looking for the perfect 3 bedroom HUD home in Avondale? We have all the right information for you including schools, community, and surroundings. This beautiful HUD home has all the requirements to meet your needs.

This Avondale HUD 3 bedroom home is a nice family and friendly community in a great location. Not only is it a great location is a newer built HUD home that is move in ready! Built in 2001 with 1,564 square feet. We are ready to quickly make this beautiful home yours.

The Home Buying Process