85207…What a great time to buy your dream home or investment property in this beautiful, picturesque, location of Mesa, Arizona.  Presently, there are 66 homes priced under $500,000 with four or more bedrooms, three or more baths that are active on the market in 85207.  The average list price of the homes is $379,433.  Since January 1, 2010, 29 homes in this category have closed, with an average sales price of $344,674.

The map below displays the current active listings in 85207 that are 4+ bedrooms, 3+ baths under $500k.  Search for your dream home today… Visit my Home Search button to customize your home search.

The Housing Market Snapshot for 85207, in Mesa Arizona, reveals that there are 494 active homes on the market.  The average sales price of homes that sold from March 1, 2009 to April 27, 2009 declined $187,805 to $244,110 compared to the same period last year.  This reflects a decline in the price per square foot of $158 in 2008 to $101 in 2009.  The number of home sales increased by 18 to 103 compared to the March ‘08 – April 27, 2008 snapshot.   The table below presents an overall snapshot for all single-family detached homes in the 85207 zip code area.

With the average pending home sale price increasing over the closed sales price, the month of May should see a slight increase in the overall sales price.  Also, with fewer Jumbo loans available and stringent qualification criteria in place, the average price of homes closed is skewed as compared with the previous year when jumbo loans were still available because more homes are selling under $400k than over the amount.  Stay tuned for the May snapshot update for the community of Las Sendas and the 85207 zip code.

March 23, 2009, Monday’s Market Snapshot, of the 85207 Housing Market, in Mesa, Arizona, reveals there are presently 539 active listings, with an average median list price of $561,382. Since January 1, 2009, 126 homes were sold, the majority, 122, were under $1 Million, while 4 homes closed over $1 Million, with average sales price of $2,293,750. On average, homes that sold under $1M were on the market for 125 days, while those that sold over $1M were on the market for an average of 242 days.

The table below presents an overall snapshot for Monday, March 23, 2009, of the active, pending and closed single-family homes in 85207, along with an overview of the active and closed homes under $1M and equal to or over $1M. For more information on the 85207 zip code area, or surrounding areas in Mesa, Gilbert, Queen Creek and Scottsdale, click here or search to start your home search in the Phoenix area click here

Monday, March 23, 2009 Snapshot:  The 85207 Single-Family Housing Market Eye On Az.com
Home Status	# of Listings	Avg. List/Sold Price	Avg. Approx Square Feet (SF)	Avg. List or Sold Price/Approx SF	Avg. Cumulative Days on Market
Active	539	$561,382	2,891	$162.11	172
Pending	88	$252,986	2,097	$105.25	132
Closed	126	$312,844	2,346	$114.51	128
Homes Under $1M
Active	474	$380,730	2,524	$140.21	160
Closed	122	$271,551	2,220	$108.35	125
Homes Equal to and Over $1M
Active	64	$1,892,417	5,653	$328.70	254
Closed	4	$2,293,750	6,136	$299.29	242

Source:  ARMLS.Flexmls.com 09 March 2009. Information deemed reliable, but not guaranteed.