Phoenix Neighborhood Update-Entrada #2

10 01 2010

Here is the round 2 market snapshot of the Entrada Neighborhood in Northwest Phoenix, Arizona (includes Entrada, Entrada North and Entrada Northeast). As I stated in my first update, it is a neighborhood of several housing options and close proximity to Arrowhead Mall (aka Arrowhead Towne Center), Shops at Norterra, and both the I-17 and Loop 101 Freeways in Northwest Phoenix, Arizona.

As of January 10, 2009:

13 active listings (2 of which have offers submitted to the lender, awaiting the short sale process)

Prices ranging from $125,000 to $600,000

2 homes are under contract and on schedule to close very soon

1 home has closed within the last 1 month (since December 9, 2009)

Sold for $150,000.  It is a 1521 sq ft home, so I say the buyer got a fair price.  Homes for the past 3 months have sold for an average of just under $100 per square foot, which this home falls almost dead on that average.

If you like the Entrada neighborhood in Northwest Phoenix, contact me via email/txt/call.

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