Residential Real Estate activity in and around Litchfield Park, like most other cities throughout the Valley of the Sun, is on the rise. For the month ending February 2013, we saw a total of 142 properties for sale in Litchfield Park, AZ, listed through ARMLS – Arizona Regional Multiple Listing Service. 61 properties Closed during the same month and would you believe that 30 of those Closed Sales were cash transactions?
Average Days on the market was 70 days, a sharp reduction from same time last year in 2012 and shows a continued trend that homes are not sitting on the market long if priced right.
Average Sold Price was $215,439, an increase of almost 17% over 2012.
Average SP (Sold Price) vs OLP (Original List Price) maintained the same ratio from last year at 95.7%. This is an interesting statistic as this shows that on average, homes listed for sale in Litchfield Park, AZ sold very close to the original list price.
Stay tuned to this Litchfield Park Lifestyle website as we will continue to track the residential real estate market in and around Litchfield Park. Statistical information above was provided by RBI – Real Estate Business Intelligence.