Tramonto Real Estate Market Update 85086

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

Tramonto has seen an 11.7% increase in home prices for the first two months of 2013. We are also entering our time of the year, where we typically see the market really heat up. With winter visitors, Canadian investors, spring training visitors, and tourists currently in Phoenix this time of year, we see activity in the market jump.

In 2012, Tramonto had 20 homes sold for an average price of $217,915. The average square footage of each home was 2562, selling for $88.57 per square foot. The average days on the market was 46 days.

In the first two months of 2013, there were 23 homes sold. The average home sold was for $243,491. The average home sold was 2456 square feet, selling for $01.39 per square foot. Days on the market increased to 78 days compared to 2012.

The numbers for March are going to push the overall numbers even higher. 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 many 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, great 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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