Carefree Arizona Real Estate |Home |MLS |Sales
Carefree Arizona Real Estate |Home |MLS |SalesAs a part of keeping up with the real estate market in Carefree Arizona Real Estate it requires comparisons and analysis. Through the Carefree Arizona Real Estate MLS I can look into the past, look at the present and hopefully gain insight into the future.
We start with the Carefree Arizona Real Estate Home Sales that occurred during the time period of 9/1/12-6/5/13. The Carefree Real Estate Market tends to have the highest turnover rates during the fall, winter and spring.
Carefree Arizona Real Estate Home Sales 9/12-5/13
Carefree Arizona Home Sales Analysis 2012-13 Market
Looking back at Carefree Arizona Real Estate Home MLS Sales from a year ago we see that there were 293 Homes Sold during that time period. The lowest selling home in Carefree Arizona sold for $208,000 while the highest sales price of a home in Carefree Arizona sold for $2,500,000. The Average Sales Price of Sold Homes was $625,527 while the median sales price for Homes in Carefree Arizona was $562,000. The median ratio of sales price to list price was 97%.
The lowest square footage home sold in Carefree Arizona was 1033 square feet while the largest home sold in Carefree Arizona was 7,930 square feet. The average square footage of a home sold in Carefree Arizona was 3,120 square feet while the median square footage of homes sold in Carefree Arizona was 2,992 square feet.
The lowest sales price per square foot in Carefree was $89.50 per square foot while the highest sales price per square foot was $411.86. The median sales price per square foot for homes in Carefree was $199.36 while the average sales price per square foot was $200.81.
Average Cumulative Days on the market for homes sold in Carefree were 124 days while the median days on the market for sold homes in Carefree Arizona were 68.
Carefree Arizona Home Sales Analysis 2013-14 Market
Looking at the present marketing year of 2014 we see that there were 205 Homes Sold during that comparable time period. The lowest selling home in Carefree Arizona sold for $285,000 while the highest sales price of a home in Carefree Arizona sold for $3,500,000. The Average Sales Price of Sold Homes was $753,025 while the median sales price for Homes in Carefree Arizona was $634,000. The median ratio of sales price to list price was 97%.
The lowest square footage home sold in Carefree Arizona was 1,385 square feet while the largest home sold in Carefree Arizona was 7,645 square feet. The average square footage of a home sold in Carefree Arizona was 3,212 square feet while the median square footage of homes sold in Carefree Arizona was 3,010 square feet.
The lowest sales price per square foot in Carefree was $109.26 per square foot while the highest sales price per square foot was $606.06. The median sales price per square foot for homes in Carefree was $221.03 while the average sales price per square foot was $229.43.
Average Cumulative Days on the market for homes sold in Carefree were 100 days while the median days on the market for sold homes in Carefree Arizona were 66.
Side By Side Comparison of the Years
Carefree Arizona Home Sales Comparison by Year
| Characteristic | Marketing Year 2013 | Marketing Year 2014 | Increase/Decrease % |
|---|---|---|---|
| Number of Homes Sold | 293 | 205 | -30% |
| Lowest Price | $208,000 | $285,000 | +37% |
| Highest Price | $2,500,000 | $3,500,000 | +40% |
| Average Sale Price | $625,527 | $753,025 | +20.38% |
| Median Sales Price | $562,000 | $634,000 | +12.81% |
| Smallest Square Footage | 1,033 | 1,385 | +34% |
| Highest Square Footage | 7,930 | 7,643 | -4% |
| Average Square Footage | 3,120 | 3,212 | +2.9% |
| Median Square Footage | 2,992 | 3,010 | 0% |
| Lowest Price/SF | $89.50 | $109.26 | +22% |
| Highest Price/SF | $411.86 | $606.06 | +47% |
| Average Price/SF | $200.81 | $229.43 | +14.25% |
| Median Price/SF | $199.36 | $221.03 | +10.86% |
| Average Days on Market | 124 | 100 | -20% |
| Median Days on Market | 68 | 66 | -3% |
Discussion of the Comparison of the Marketing Years
It is readily apparent that the number of home sales decreased from the marketing years 2013 vs 2014 by some 30%. As it is impossible to single out one factor as to why we do note that the median days on the market were not significant from 2013-2014. However, we do note that the median sales price of homes in Carefree Arizona did increase by 12.81% and is reflected in the median sales price per square foot with an increase of 10.86%.
What does all of this tell us?…..that demand for homes in Carefree Arizona decreased while sales prices increased.
Want to know more about specific Carefree Arizona MLS Homes for sale? Use the chart below to search for your next Carefree Arizona Real Estate Purchase.
Carefree Arizona |Real Estate |MLS |Realtor |Homes |Search
Search the Carefree Arizona MLS by Bedrooms, Price or Size. Direct link to the Carefree Arizona MLS with up to the moment information. Click on any link to be directed to your search.Carefree Arizona Subdivision |MLS |Homes |Golf Course Homes |Lots |MLS
Carefree Arizona Real Estate MLS Subdivision Search. Direct Link to the Carefree MLS to search specific subdivisions in Carefree Arizona. Up to date to the moment information. Search for all Carefree Arizona Subdivision Homes For Sale.Discussion of Median vs. Average in Real Estate
What is the difference between median and average values? How does this affect your pricing strategy?
Let’s start by discussing the “average”, also known as the “mean”. This statistic is fairly easy to understand, as well as, to calculate. Just for purposes of this example, I want you to consider the current active properties (for sale) in your local market.
Compose a list of each active listing along with its asking price, or list price. A spreadsheet is very useful for this purpose. Next, we will calculate the sum by adding up all asking prices. Finally, we divide that sum value by the total number of listings. Voila! We just calculated the average asking price for listings in your market!
The median is also quite easy to understand and calculate. Let’s take another look at our list of active listing prices. We need to arrange this list in order from lowest price to highest. Once that is done, simply find the value that’s in the exact middle of the list. That value is our median asking price!
When our list has an even number of properties, our list will not have a single middle value, but rather we find 2 values that occupy the middle space. In this case, we simply take the average (add both numbers and divide by 2) to get the median value for the entire list.
Median values show a more accurate view of the market since they are typically less affected by large deviations in the data. For example, let’s assume that your data set includes 5 properties, as shown below along with their respective asking prices.
Property #1 … $350,000
Property #2 … $370,000
Property #3 … $310,000
Property #4 … $1,200,000
Property #5 … $335,000
The first thing you might notice is that one of these things is not like the others. Property #4 is priced much higher than the rest. This will have a significant effect on the average value, which happens to be $513,000.
To determine the median, we first sort the list in ascending order, then pick the middle value, which is $350,000. Comparing it to the average, the median value is a much more realistic interpretation of this market.
ARIZONA REAL ESTATE FOR SALE
Arizona Real Estate | Cities
Search for Scottsdale Arizona Real Estate For Sale, Cave Creek Arizona Homes For Sale, Carefree Arizona Homes For Sale, Rio Verde Foothills Arizona Homes For Sale, North Phoenix Arizona Homes For Sale.
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Free Arizona MLS Search. Start your Real Estate Search by City NOW or Search by zip codes, 85266, 85331, 85263, 85377, 85262, 85255.
As a 35 year + full time veteran of the REAL ESTATE Industry, I understand what it takes to not only find the Home, Lot, Land, of your dreams, but also how to negotiate the minefield of real estate transactions. Not only am I a veteran of the real estate industry, I also live in the area I service.
An avid Golfer, Horseman and Baseball Fanatic, I know the pulse of the community. Todays buyer starts on the internet and spends an average of 5 months quietly perusing the information that is available. As this area tends to be buyers from outside the area my internet presence is a huge attraction.
I regularly update my material and have additional pages that I maintain with up to date information on such platforms as Coldwell Banker, Google+, Facebook, Blogger, Active Rain, EProperties, Trulia, Zillow, YouTube , Tumblr and many others. Also, I have other sites that are specific to Property Types. These are:
North Scottsdale Homes For Sale By Price
Direct Link to the North Scottsdale MLS to search for homes in the specific bedroom, size or price category. You can also perform a custom search by clicking on the link to a custom search at the bottom of the column.
North Scottsdale Arizona Subdivision Homes For Sale Search
Search for MLS homes in specific subdivisions by Bedroom and Price Ranges. Click on any link to be taken to an Scottsdale MLS Search Page. To perform a custom search, click on the custom search link at the bottom of the column.| Saguaro Estates | Saguaro Highlands | Sandflower | Silverleaf |
|---|---|---|---|
| All Homes | All Homes | All Homes | 3 Bedroom Homes |
| 3 Bedroom Homes | 3 Bedrooms | 3 Bedroom Homes | 4 Bedroom Homes |
| 4 Bedroom Homes | 4 Bedrooms | 4 Bedroom Homes | 5 Bedroom Homes |
| 5 Bedroom Homes | 5 Bedroom | 6 + Bedroom Homes | |
Scottsdale Arizona Golf Course Homes For Sale
Free MLS Search all Scottsdale Arizona Golf Course Homes For Sale. Search by Listing Price, Square Footage, all Scottsdale Arizona Golf Course Homes For Sale. Just click on any link to be taken to Scottsdale Golf Course Homes For Sale Links to the Realtor MLS.| Scottdale Golf Course Homes |
|---|
| All Homes |
| 3 Bedroom Homes |
| 4 Bedroom Homes |
| 5 Bedroom Homes |
| -300K Homes |
| 300-600K Homes |
| 600K-1 Million Homes |
| Million Dollar Homes |
Cave Creek Arizona Real Estate MLS Home Search
Search the Cave Creek Arizona MLS by Bedrooms, Price or Size. Direct link to the Cave Creek MLS with up to the moment information. Click on any link to be directed to your search.Cave Creek Arizona Subdivisions Homes For Sale
Free MLS Search all Cave Creek Arizona Subdivisions Homes For Sale. Search the MLS Like a Realtor. Click on any link to be taken to a special Realtor MLS Search Page to "Search Like Realtor".
Carefree Arizona |Real Estate |MLS |Realtor |Homes |Search
Search the Carefree Arizona MLS by Bedrooms, Price or Size. Direct link to the Carefree Arizona MLS with up to the moment information. Click on any link to be directed to your search.Carefree Arizona Subdivision |MLS |Homes |Golf Course Homes |Lots |MLS
Carefree Arizona Real Estate MLS Subdivision Search. Direct Link to the Carefree MLS to search specific subdivisions in Carefree Arizona. Up to date to the moment information. Search for all Carefree Arizona Subdivision Homes For Sale.Rio Verde Foothills Arizona Homes For Sale |Golf Course Homes |Horse Properties
Search Rio Verde Arizona MLS by Bedrooms, Price or Size. Direct link to the Rio Verde Arizona MLS with up to the moment information. Click on any link to be directed to your search for Homes, Lots, Land, Luxury Homes, Golf Course Homes, Horse Properties.North Scottsdale Homes For Sale By Price
Direct Link to the North Scottsdale MLS to search for homes in the specific bedroom, size or price category. You can also perform a custom search by clicking on the link to a custom search at the bottom of the column.
North Scottsdale Arizona Subdivision Homes For Sale Search
Search for MLS homes in specific subdivisions by Bedroom and Price Ranges. Click on any link to be taken to an Scottsdale MLS Search Page. To perform a custom search, click on the custom search link at the bottom of the column.| Saguaro Estates | Saguaro Highlands | Sandflower | Silverleaf |
|---|---|---|---|
| All Homes | All Homes | All Homes | 3 Bedroom Homes |
| 3 Bedroom Homes | 3 Bedrooms | 3 Bedroom Homes | 4 Bedroom Homes |
| 4 Bedroom Homes | 4 Bedrooms | 4 Bedroom Homes | 5 Bedroom Homes |
| 5 Bedroom Homes | 5 Bedroom | 6 + Bedroom Homes | |
Scottsdale Arizona Golf Course Homes For Sale
Free MLS Search all Scottsdale Arizona Golf Course Homes For Sale. Search by Listing Price, Square Footage, all Scottsdale Arizona Golf Course Homes For Sale. Just click on any link to be taken to Scottsdale Golf Course Homes For Sale Links to the Realtor MLS.| Scottdale Golf Course Homes |
|---|
| All Homes |
| 3 Bedroom Homes |
| 4 Bedroom Homes |
| 5 Bedroom Homes |
| -300K Homes |
| 300-600K Homes |
| 600K-1 Million Homes |
| Million Dollar Homes |
Cave Creek Arizona Real Estate MLS Home Search
Search the Cave Creek Arizona MLS by Bedrooms, Price or Size. Direct link to the Cave Creek MLS with up to the moment information. Click on any link to be directed to your search.Cave Creek Arizona Subdivisions Homes For Sale
Free MLS Search all Cave Creek Arizona Subdivisions Homes For Sale. Search the MLS Like a Realtor. Click on any link to be taken to a special Realtor MLS Search Page to "Search Like Realtor".
Carefree Arizona |Real Estate |MLS |Realtor |Homes |Search
Search the Carefree Arizona MLS by Bedrooms, Price or Size. Direct link to the Carefree Arizona MLS with up to the moment information. Click on any link to be directed to your search.Carefree Arizona Subdivision |MLS |Homes |Golf Course Homes |Lots |MLS
Carefree Arizona Real Estate MLS Subdivision Search. Direct Link to the Carefree MLS to search specific subdivisions in Carefree Arizona. Up to date to the moment information. Search for all Carefree Arizona Subdivision Homes For Sale.Rio Verde Foothills Arizona Homes For Sale |Golf Course Homes |Horse Properties
Search Rio Verde Arizona MLS by Bedrooms, Price or Size. Direct link to the Rio Verde Arizona MLS with up to the moment information. Click on any link to be directed to your search for Homes, Lots, Land, Luxury Homes, Golf Course Homes, Horse Properties.
North Scottsdale Arizona | Horse |Properties |Homes |Land
Free MLS Search all North Scottsdale Arizona Horse Properties, Land, Homes, For Sale. Search the North Scottsdale MLS, Homes for Sale, Horse Properties for Sale, Land, Like a Realtor.| All Horse Property | By Price | Facilities | Raw Land |
|---|---|---|---|
| 3 Bedroom | -500K | + Barn | Under 2.5 Acres |
| 4 Bedroom | 500-999K | + Arena | 2 to 5 Acres |
| 5 Bedroom | 1M+ | Over 5 Acres | |
Commercial Real Estate For Sale
Scottsdale, Phoenix, Tempe, Chandler, Gilbert, Mesa, Fountain Hills, Scottsdale, Cave Creek, Carefree, Arizona. Search all Commercial Real Estate For Sale. Search Office, Office Warehouse, Warehouse, Medical, Dental, Retail, Commercial Land For Sale.
Scottsdale Arizona Commercial Property MLS Search
Search Scottsdale Arizona Commercial Properties For Sale. Free MLS Search All Scottsdale Arizona Commercial MLS Properties. Search, Office, Office Warehouse, Warehouse, Medical, Dental, Retail, Pad Sites.| All Commercial | Office Space | Office-Warehouse | Medical | Dental |
|---|---|---|---|
| Commercial Warehouse | Retail | Lease | Land |
Phoenix Arizona Commercial Property MLS Search
Search Phoenix Arizona Commercial Properties For Sale. Free MLS Search All Phoenix Arizona Commercial MLS Properties. Search, Office, Office Warehouse, Warehouse, Medical, Dental, Retail, Pad Sites.| All Commercial | Commercial Office Space | Medical/Dental | Office/Warehouse |
|---|---|---|---|
| Warehouse | Retail | Commercial/Industrial Land |
OVER 300 ENDORSEMENTS
- Jeff McDowell, North Scottsdale Realtor 623.262.0811 EMAIL ME
By Jeff McDowell
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