Homes for Sale in 85045

An In-Depth Look at 85045 Condos

The current landscape for condo/townhome listings in 85045, as of March 16, 2025, illustrates a stark contrast with prior months.

• Active inventory has dropped to 0, a significant change from the 1 recorded three months ago. This decline could indicate that sellers are either holding off due to unfavorable conditions or that the demand is less pronounced, leading to fewer listings.

• The months of inventory has contracted to 0.0, reflecting an immediate absorption of any properties previously on the market. This condition is atypical and could signal a temporary pause in market activity. Comparing this to months of inventory from 24 months ago, which stood at 2.0, emphasizes the diminishing availability in the area.

• Also worth noting is the absence of sold listings over the last month, which contrasts with the activity seen six months ago when there was one sale at an average selling price of $489,000. The lack of sales indicates potential buyer hesitation or limited opportunities, which may lead to a more buyer-favorable environment if inventory does not increase.

• Coupled with the 0 days on market (DOM) currently reported, buyers need to consider this is a time of limited options, as no new listings have emerged. This previously high traffic in sales suggests that when properties were available, they quickly moved; however, the current standstill highlights a critical shift.

• For context, one year ago, the average sales price was $484,033, demonstrating stability in past pricing despite today’s quiet market. This trend signals the importance of monitoring ongoing developments closely, as fluctuations could impact both listing strategies for sellers and purchasing approaches for buyers.

In summary, the current 85045 condo/townhome market is experiencing a period of low inventory and zero sales activities, creating a specific context wherein individuals seeking to buy or sell must navigate a thoughtful landscape of strategic timing. Understanding these trends is essential for making informed decisions moving forward.

An In-Depth Look at 85045 Land

The land market in 85045, as of March 16, 2025, is currently marked by a noticeable absence of inventory coupled with a slight increase in total listings. Over the past month, the number of active listings has climbed to 9 from 8 three months ago, underscoring a modest increase in options for buyers. However, it is critical to note that although active listings have risen, the months of inventory remain exceptionally low at 0.0 months. This suggests that new entrants to the market are selling almost immediately, reflecting a highly competitive environment.

Interestingly, the average price per square foot for active listings sits at $10, a stable figure when compared to historical data. This price stability contrasts sharply with the dynamics of efficiency in sales, as evidenced by a notable average DOM of 144 days. This prolonged DOM indicates that, while properties may be available, buyers may be exercising caution or potential negotiation strategies leading to longer consideration times before reaching an agreement.

To provide a broader context, six months ago, the market comprised just 4 active listings at a higher average price of $490,750, alongside a longer DOM of 380 days. The reduction in average pricing coupled with the independent stability of price per square foot highlights the fluctuations that characterize the land market within this zip code.

For potential buyers, this environment suggests that seizing opportunities promptly is vital due to the fast-paced nature of this market. Sellers, conversely, may look to maintain competitive pricing given the tight inventory levels, although careful assessment of DOM will be important to avoid stagnation. Furthermore, the lack of pending or sold listings recently reinforces the current status of the market as one favoring swift transactions over extensive negotiations or price adjustments.