Doyle Perry<\/figcaption><\/figure>\nDoyle Perry, a Realtor and owner of Black Realty in Laveen, said he expects prices to continue climbing as the year progresses with more sales during the spring and summer months. \u201cI see a lot more people looking now,\u201d Perry noted.<\/p>\n
He also believes that when the South Mountain Freeway \u2013 currently under legal review — is formally under way, the housing market in Laveen will gain more ground. \u201cOnce the freeway becomes certain, within a year that will crank up the market.\u201d<\/p>\n
The number of days a house stayed on the market in 2015 vs. 2014 decreased in 85339 and 85040, but remained flat in 85041 and 85042. Total number of homes sold rose in 85339, 85041 and 85042, but were one less in 85040 when compared with 2014.<\/p>\n
Lawmaster said new homes being built by Beazer and Richmond American, as well as other builders, also will help prices for existing homes. He noted that several residential developments that have been largely dormant since the real estate market crash in 2008, are now adding homes to the once vacant lots. In addition, new retail and other construction is exploding along Baseline Road.<\/p>\n
\u201cAll the new builds and the new businesses, the new commercial and residential along the Baseline corridor are really adding value to this area,\u201d Lawmaster said.<\/p>\n
Here\u2019s a breakdown of the four ZIP code areas:<\/p>\n
85339<\/strong> – Average Sales Price rose 5.10 percent between 2014 and 2015, from $188,894 in 2014 to $198,535 in 2015.\u00a0 Total number of sales also rose year-over-year by 18.4 percent with 875 homes sold in 85339 in 2015, an increase of 136 sales over 2014.\u00a0 The number of days to sell a home in Laveen decreased 11.84 percent; in 2014 it took 76 days on average to sell a home versus 67 days in 2015.<\/p>\n85040<\/strong> – The average sales price of homes in 2015 was $118,990, up 21.83 percent over 2014.\u00a0 Total number of sales in the ZIP code remained flat at 324 residential sales in 2015 versus 325 in 2014.\u00a0 The average number of days to sell a home decreased from 59 in 2014 to 45 in 2015.<\/p>\n85041 <\/strong>– 2015 saw an increase of 8.12 percent in the sales price of homes in the ZIP code over 2014, with homes selling for an average price of $164,857 during 2015.\u00a0 There was a 10.1 percent increase in the number of completed sales in 2015 over 2014, rising to 796 homes sold in 2015, an increase of 73 completed home sales year-over-year.\u00a0 Number of days to sell a home remained relatively flat in 85041, with 66 average days in 2015 and 67 days in 2014.<\/p>\n85042<\/strong> – The average sales price of homes in 2015 was $189,025, up 7.25 percent over 2014.\u00a0Total number of sales in the ZIP code increased 6.2 percent at 534 residential sales in 2015 versus 503 in 2014.\u00a0 The average number of days to sell a home remained the same year- over-year at 63 days.<\/p>\n","protected":false},"excerpt":{"rendered":"(This article appears in the February 2016 print \u00a0issue of the South Mountain District News) Home prices for existing homes rose throughout the South Mountain and Laveen village areas during 2015, a steady trend that local realtors predict will continue throughout 2016. \u201cI like this kind of steady increase. It’s not only good for the […]<\/p>\n","protected":false},"author":1,"featured_media":4488,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[368,262,219,434],"tags":[351,160,154,239,236,435],"yoast_head":"\n
Home prices rise throughout South Mountain and Laveen - Laveen Business Directory<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n\t \n\t \n\t \n