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.

Las Sendas, a picturesque master planned community in the desert foothills adjacent to the Tonto National Forest in Northeast Mesa, Arizona, presently has 144 single-family (s-f) detached houses for sale. The average price of homes that sold in the community in March was $275,167, while the average price of homes on the market is $964,056. The number of s-f detached home sales declined by 6 in March 2009 as compared to a year ago. The table below displays single-family detached home statistics for Las Sendas.

Overall, Las Sendas experienced a 38% decline in homes sales from the same period last year, while the 85207 zip code where Las Sendas is located, experienced a 12% increase in homes sales. The City of Mesa experienced a 28% increase in sales, and the City of Phoenix experienced a 52% increase in sales compared with March 2008.

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.