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Midtown and Downtown Phoenix May 2019 Market Summary

🌡️Midtown/Downtown Phoenix Market Summary🌡️Is the zip code you’re interested in not here? Reach out for your very own slide! ⠀Check the photo for your Midtown and Downtown Phoenix May 2019 Residential Real Estate Market Summary.

In 85003, median sale price of 320k (May 2018 408k), median days on market 36 (May 2018 66), Active listings 56 (May 2018 66), Sold listings 15 (May 2018 22), ⠀
In 85004, median sale price of 327,450 (May 2018 262,500 ), median days on market 82 (May 2018 46), Active listings 41 (May 2018 48), Sold listings 14 (May 2018 15), pending 7 (May 2018 11).⠀
In 85006, median sale price of $298k (May 2018 $330k ), median days on market 68 (May 2018 37), Active listings 70 (May 2018 68), Sold listings 36 (May 2018 25), pending 15 (May 2018 21). ⠀
In 85007, median sale price of $315k (May 2018 $385k ), median days on market 69 (May 2018 31), Active listings 40 (May 2018 43), Sold listings 17 (May 2018 25), pending 9 (May 2018 14). ⠀
In 85008, median sale price of $245,500 (May 2018 $180k ), median days on market 40 (May 2018 18), Active listings 107 (May 2018 91), Sold listings 42 (May 2018 53), pending 49 (May 2018 52). ⠀
In 85034, median sale price of $188k (May 2018 $193k ), median days on market 157 (May 2018 67), Active listings 6 (May 2018 4), Sold listings 3 (May 2018 6), pending 3 (May 2018 4). ⠀
In 85040, median sale price of $205k (May 2018 $181k ), median days on market 28(May 2018 18), Active listings 50 (May 2018 43), Sold listings 64 (May 2018 38), pending 51 (May 2018 5). ⠀

What does this all mean? What is happening is varying greatly from neighborhood to neighborhood. It’s imperative to find an agent well-versed in particular neighborhoods for the conversation. These are the neighborhoods I concentrate on. I follow sales, listings, small businesses, big businesses, restaurants, trends, permits, ground breaking and plans. ⠀

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