Oro Valley Real Estate Market Report January 2015
The Oro Valley Real Estate Market report for January 2015 has changed considerably over the last year. The average price per square foot for Oro Valley AZ hovered around $138 which is a decrease of 4.2% as compared to January 2014.
The median price for a home in Or Valley was $254,000 which is up 3 percent from this same time as last year.
The number of homes currently in the market for January 2015 was 334 which is an 8 percent decrease from this same time as last year.
The number of properties that closed in January 2015 was 43 which is an 12 percent decrease from January 2014.
If you are going to sell your home in Oro Valley, a relevant number to consider is the absorption rate. Last month there were 7.8 months supply home on the market which is up from 7.4 recorded in January 2014.
It is very important to have a market analysis completed for a specific area as the reports will vary from this general market report. In Oro Valley a few of the more popular neighborhoods area Rancho Vistoso with an average list price of $770,447. Mainly due to the surge in sales from Stone Canyon.
In the Oro Valley area, January 2015 active inventory was 334, an 8% decrease from January 2014. There were 43 closings in January 2015, a 12% decrease from January 2014. Months of Inventory was 7.8, up from 7.4 in January 2014. Median price of sold homes was $254,000 for the month of January 2015, up 3% from January 2014. The Oro Valley area had 72 new properties under contract in January 2015, up 9% from January 2014.