Welcome to our latest update on the Encanterra Real Estate landscape, covering the period from November 1, 2023, to November 14, 2023. These insights are sourced from the Arizona Multiple Listing Service (ARMLS) and offer a snapshot of the current market dynamics. Let’s again delve into key statistics, trends, and factors shaping this month’s Encanterra’s Real Estate market.
Active Listings
As of November 14, 2023, the Real Estate market in Encanterra is showing signs of activity and growth. There are currently 43 active listings for the first two weeks of November, with an additional 9 new listings during this period. This indicates a healthy influx of properties into the market, providing prospective buyers with a variety of options to consider.
Pending/Sold Listings
In terms of pending listings, there are 8 properties awaiting closure from November 1-14, 2023, with 1 successful closing during this time frame. This suggests a positive momentum in the market, as a significant portion of properties are progressing towards finalizing transactions, demonstrating a favorable environment for both buyers and sellers.
Average Days on Market
The average days on market in Encanterra for the same period is impressively low, standing at just 5 days. This indicates a fast-paced market where properties are getting snatched up quickly, emphasizing the desirability of homes in the area.
Average List and Sales Figures
Looking at the average list and sale figures for November 1-14, 2023, the average list price is $749,900, while the average sold price is $750,000, resulting in a 100.01% list-to-sale price ratio. This subtle increase in the average sold price suggests a stable and potentially appreciating market, benefiting sellers.
In summary, the Encanterra Real Estate market is dynamic, with a notable number of active listings, a positive trend in pending transactions, a remarkably short average days on market, and a slight uptick in average sold prices. For homebuyers, this signifies a competitive and swift market, urging them to act decisively. For homesellers, it represents a favorable environment, with potential for a quick and lucrative sale.
Stay tuned for our upcoming newsletter, where we will delve into year-over-year market trends for a more comprehensive analysis. Whether buying or selling in Encanterra, contact us anytime at @SHEA PREFERRED REALTY for a local and expert guidance.
