Single-Family Homes
Thu Feb 25 2021
This week the median list price for Arivaca, AZ is $465,000 with the market action index hovering around 32. This is less than last month's market action index of 36. Inventory has held steady at or around 5.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Median List Price | $465,000 | |
Per Square Foot | $357 | |
Days on Market | 357 | |
Price Decreased | 20% | |
Price Increased | 0% | |
Relisted | 20% | |
Inventory | 5 | |
Median Rent | ||
Most Expensive | $1,399,000 | |
Least Expensive | $199,000 | |
Market Action | 32 | |
Slight Seller's Advantage |
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,399,000 | 1,921 | N/A | 3 | 3 | 47 | 0 | 0 | 357 |
$1,100,000 | 2,881 | N/A | 4 | 3 | 44 | 0 | 0 | 455 |
$465,000 | 1,300 | N/A | 4 | 2 | 89 | 0 | 0 | 350 |
$203,000 | 1,784 | 10 - 20 acres | 3 | 2 | 95 | 0 | 0 | 360 |