North Phoenix Real Estate Market Update Tramonto 85086

Tramonto is a community located in North Phoenix, AZ 85086. This is a market update of the homes sold in all of 2012 compared to the all of 2013. The attached video gives anyone not familiar with Tramonto an idea of the views and area.

Tramonto has seen an 22% increase in single family home prices from 2013 over 2012. We are also entering our time of the year, where we typically see the market really heat up. With winter visitors, spring training visitors, and tourists currently in Phoenix this time of year, we see activity in the market jump.

In 2012, Tramonto had 159 homes sold for an average price of $229,634. The average square footage of each home was 2525, selling for $93.71 per square foot. The average days on the market was 65 days.

In 2013, Tramonto had 133 homes sold. The average home sold was for $280,166. The average home sold was 2636 square feet, selling for $109.30 per square foot. Days on the market decreased to 59 days compared to 2012.

The numbers continue to go up, January 2014 is up 13.82% over January 2013. With the National housing market recovery led by Phoenix, this is no surprise. Tramonto is a very desirable area of Phoenix, built as a master community with 12 different builders and a wide variety of floor plans, mountain views, hiking trails, low HOA, large park, two community pools, easy access to I-17 freeway and Carefree Highway, excelling schools, and open Sonoran Desert surroundings. Tramonto is also surrounded by other great communities; Desert Hills, Anthem, New River, Sonoran Foothills, and Cave Creek.

We believe home prices will continue to go up in Tramonto in 2013. If you are considering listing your home, or interested in purchasing a home in Tramonto, please contact us to assist you. I reside here in Tramonto, and I am your local Real Estate expert.

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