By Joseph Callaway
Someone said the other day, “Not knowing how much your home is worth, is like not knowing how much money you have in the bank.” While some might debate the urgency of this statement, most would agree that it is a good idea to know where you stand and how the market is doing.
Here is a quick look at the 85254-zip code comparing this April to last April.
Average appreciation in 85254 for the last year was 4.71%. Inventory of homes available jumped 45% while time on market only increased 16 days to a very reasonable two and a half months. 85254 remains a consistent real estate market with a bright, long range outlook.
Bear in mind that each neighborhood can vary based on current appeal and that each home can vary based on condition and upgrades.
A good resource is the free report offered by HomeValueHotline.com. While there, you may wish to sign up for their free Home Value alerts that send you an email every time a neighbor goes on the market or sells.
Joseph Callaway is Co-Owner of Those Callaways Real Estate, a prominent residential resale brokerage located in the 85254 zip code.