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Market Report: New River Arizona

Market Report: New River Arizona

New River is a 70.8 sq. mi. area north of Phoenix. Founded as a stagecoach stop in 1868 and named after the seasonal wash which appears as a “new river” with rain, this long-established rural area could not have imagined becoming a target for Phoenix annexation a couple of decades ago.

New River Arizona Homes For Sale

Today, there are 57 active listings. Least expensive is a mobile home on an acre for $54,000.00.

New River Arizona Homes For Sale

The market highs are a couple of lovely homes priced at $649,000.00 there are homes priced between those extremes and anyone seeking a home in this rugged, lovely part of the state can find a home here now.

New River Arizona Homes For Sale


New River Arizona Homes For Sale

Prices per square foot are rising, while inventory is falling.  Days on market continue to diminish and absolute number of sales is down, in part, due to lower inventory.  Final sale price has ranged from 96% to over 100% of list price in the last few months.

 

All New River Arizona Homes for Sale may be seen here, and all but a couple are horse properties.  Acreage is the norm in New River and trail access is superb.  Call me if you would like to explore New River Arizona.

New River Arizona Homes For Sale

 

 


 

 

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Phoenix Az Horse Property