Rio Verde | Tonto Verde | Home Pricing | 85263
Rio Verde, Tonto Verde Home Sales
November Home sales in Rio Verde and Tonto Verde, 85263, were 7, down -12.5% from 8 in November of 2012 and -12.5% lower than the 8 sales last month. November 2013 sales were at a mid level compared to November of 2012 and 2011. November YTD sales of 111 are running 24.7% ahead of last year's year-to-date sales of 89.
Rio Verde and Tonto Verde, 85263 Home Prices
The Median Sales Price for homes in Rio Verde and Tonto Verde, 85263 in November were $375,000, up 11.1% from $337,500 in November of 2012 and up 25.6% from $298,500 last month. The Average Sales Price for homes in Rio Verde and Tonto Verde, 85263 in November were $351,829, up 7.4% from $327,625 in November of 2012 and down -17.0% from $424,125 last month. November 2013 ASP was at a mid range compared to November of 2012 and 2011.
Rio Verde and Tonto Verde, 85263 Inventory & MSI
The Total Inventory of Homes available for sale in Rio Verde and Tonto Verde, 85263 as of November was 144, up 16.1% from 124 last month and up 8.3% from 133 in November of last year. November 2013 Inventory was at a mid range compared to November of 2012 and 2011.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2013 MSI of 20.6 months was at a mid range compared with November of 2012 and 2011.
Rio Verde and Tonto Verde, 85263 Market Time
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for November was 138, down -41.3% from 235 days last month and down -9.8% from 153 days in November of last year. The November 2013 DOM was at its lowest level compared with November of 2012 and 2011.
Rio Verde and Tonto Verde, 85263 Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The November 2013 Selling Price per Square Foot of $135 for homes in Rio Verde and Tonto Verde, 85263 was down -2.2% from $138 last month and up 5.5% from $128 in November of last year.
Rio Verde and Tonto Verde, 85263 Selling Price vs Listing Price
The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The November 2013 Selling Price vs List Price of 97.9% for homes in Rio Verde and Tonto Verde, 85263 was up from 97.1% last month and up from 94.2% in November of last year.
Rio Verde and Tonto Verde, 85263 Home Inventory / New Listings / Sales
'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2013 for homes in Rio Verde and Tonto Verde, 85263 was 31, down -29.5% from 44 last month and up 10.7% from 28 in November of last year.
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Based on information from Arizona Regional MLS, Inc. for the period 10/30/1999 through 11/30/2013. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
