Tramonto Real Estate Market Update 1st Quarter 2013 85086

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

Tramonto has seen an 23.8% increase in home prices for the first quarter of 2013. One of the main reasons is the reduction of bank owned properties and short sales, compared to last year.

In 1st quarter 2012, Tramonto had 36 homes sold for an average price of $215,033. The average square footage of each home was 2542, selling for $86.80 per square foot. The average days on the market was 69 days.

In the first quarter of 2013, there were 33 homes sold. The average home sold was for $266,175. The average home sold was 2706 square feet, selling for $106.48 per square foot. Days on the market increased to 88 days compared to 2012.

We expect the numbers for the 2nd quarter to continue to be positive. 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 throughout 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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