Homes for Sale in 85045

An In-Depth Look at 85045 Condos

The condos/townhomes market in 85045, as of April 14, 2025, continues to reveal important market dynamics, particularly characterized by diminished inventory.

• Over the past month, the market displayed a notable absence of active listings, falling from one listing three months ago. This sharp decline results in a current inventory level of zero months, suggesting that no homes are presently on the market to accommodate buyers. This type of scenario typically occurs in highly desirable areas, creating competitive pressure for potential buyers when a listing does become available.
• Furthermore, in examining sold pricing trends, we note that the average sold price dropped to $469,000 compared to $489,000 just six months ago. This decline in sold prices may indicate that sellers are adjusting their expectations in light of the limited market activity, prompting them to accept lower offers.
• The days on market (DOM) for sold listings recently averaged 98 days, which is significantly high considering no active listings are currently available. This extended period illustrates that when listings do go on the market, they might face challenges in attracting buyers quickly, reinforcing the implications of the low inventory level.
• Additionally, the trend in pending listings remains limited, with only one pending property recorded within the last month, at an average price of $475,000. This suggests that while there is some movement under contract, the overall activity remains subdued with a competitive landscape where buyers may have limited options.

Overall, the interplay of these metrics suggests a dynamic market landscape in 85045 where buyers need to act swiftly when opportunities arise, and sellers may need to set realistic pricing strategies to facilitate successful transactions given the current trends.

An In-Depth Look at 85045 Land

The land market in 85045 is currently characterized by a modest increase in active listings and an evolving pricing structure, prompting a closer look at the interplay of these factors.

• Over the past month, the number of active listings has expanded to 9, compared to 8 three months ago, which implies a gradual uptick in inventory. This slight increase contrasts with inventory levels of just 4 listings six months ago, highlighting a notable recovery in market activity as new options emerge for potential buyers.
• In assessing the days on market (DOM), we see an average of 136 days for active listings. This represents a significant decline from 220 days noted three months ago—indicating a swifter pace of sale activity may be emerging, even with no homes sold in the recent 30-day period. As active listings now average over 136 days, sellers may need to adapt their strategies to attract buyers more effectively.
• The average list price for current active listings is at $422,490, which marks a decrease from $440,000 three months ago and from $490,750 six months ago. Such fluctuations may suggest that sellers are adjusting their expectations amid shifting buyer sentiment and increased competition from active listings.
• Interestingly, none of the listings have sold over the past month, suggesting a pause for sellers to adjust pricing or marketing approaches. This could indicate hesitance in a dynamic buyer environment where waiting for optimal pricing or market conditions may be commonplace.
• When considering where the market is heading, the increase in days on market coupled with declining list prices may hint at shifting favor towards buyers, particularly as they are likely to exercise greater negotiation power in this phase.
• In conclusion, the land market in 85045 is navigating through a mix of increased inventory and adjusting pricing strategies, with the current data pointing towards a pivotal moment where both buyers and sellers may need to recalibrate their approaches for upcoming transactions. As we observe these developments, keen vigilance on changing market dynamics will be essential for all parties involved.