Looking back at 2021 Seville housing market and into 2022! - Seville Market Update

Looking back at the 2021 Seville housing market and into 2022!

Hi and welcome to a new edition of a Seville Housing Market update just going over some information about what happened with Seville housing throughout the year 2021 and looking ahead a little bit to the year 2022. I'm gonna share my screen with you here real quick so I can show you some of these things directly in the MLS so that you don't have to take my word for it.

So right now in Seville, we only have 7 active listings.  The cheapest and they're all kind of on the higher end uh the cheapest listing currently available in Seville is 640 000 and the most expensive currently is at 1.5 million. So, those are what is currently available for sale in Seville, it looks like we've got a new listing here on Seneca you know I think one thing that is interesting you know the lower-end homes the cheaper stuff in Seville. Anything in the probably in the 400s or so is usually selling super fast and that's normal for you know any market, not just Seville but then these higher-end homes are sometimes sitting a little longer but although not always a lot of these are gonna sell really quickly as well and there are 11 listings that are currently pending and 9 homes that sold in Seville in the past 30 days giving us a month's supply of inventory of 0.78 which is a little higher than the market as a whole although throughout the year usually throughout the year.

Seville has actually had a lower month supply of inventory number than the market as a whole but it's a relative very very small sample size and I think just the fact that there are seven active listings is a little higher than we've seen some of those listings um you know I'm sure are going to be getting sold really soon so I'm not expecting the housing market to slow down Princeville or anything like that so in 2021 there were 207 homes in MLS that sold incivility just for  MLS data I'm sure there were some off-market and high buyer type sales as well but 207 that sold in the MLS the cheapest home that sold was 275 000 and the most expensive home that sold was 5.5 million giving us an average price for the year of 638 096 dollars that 5.5 million and then there was also one that was in the 3 million range probably increasing our average slightly but I'm leaving them in there because there was also a really really inexpensive home at only 275 and very few homes are selling that cheap as well so just just leaving all the data is what it is.  I'm not trying to remove any outliers at this time.

So, the the average price for seville for the year of 2021 was $638 096  the average days on market was only 21 days and the average price per foot was 243 dollars and 51 cents that's just to give you a very very ballpark idea obviously a single-story home two story home size lot size upgrades you know it's you can't necessarily just take your square footage times 243 your house might be worth a lot more than that it might be worth a lot less just depends on a lot of different factors but I still find it interesting to just kind of get a ballpark idea of what's happening on average now in 2020.

So, looking back you know the previous year we did see 263 home sales in Seville so about 60 or 58 fewer homes sold in Seville in 2021 but of course the the average price was significantly higher in the 20 the average price in 2020 was 494 834 so we saw we actually saw an average sales price increase in Seville of 29 now the Phoenix market as a whole  saw an average sales price increase of about 23 24 so I think by the reason why it's at 29 is again a couple of those outliers the 5.5 million and the 3 million I think it was like a 3.5 million you know if those were removed i think that the Seville neighborhood is probably doing about the same as the market as a whole with average sales prices being up somewhere between 20 and 25 an interesting thing though the average days on market for homes in 2020 was 44 days while as in 2021 it was only 21 days so homes sold twice as fast so in 2021 and the average price per foot in 2020 was only 190 so average price per foot increase of about 50 dollars per foot so every foot you have in your house is worth an extra 50 bucks now congratulations anyway the market as a whole inventory is still extremely low and still tons of buyers coming from other markets particularly California and we do expect home values to continue to rise at a dramatic pace probably somewhere between 10 and 15 percent is what we're predicting for the year of 2022. 

So, if you would like to get an update regarding the value of your home um or uh some different stats or some comps um that are more similar to your house we would be more than happy to provide that for you so um please reach out and uh we would just absolutely love to do that there's no obligation or no cost it doesn't you don't need to be selling your home maybe you just want to update your net worth and you'd like to know what your house is worth we would be more than happy to put that information together for you so hope you found this information helpful and let us know if you have any questions.

What does this mean to you? If you're even a little bit interested in learning more about participating in the Seville housing market as a seller, buyer, or investor... you NEED to know this stuff! Or at least work with someone obsessed with the market stats. Reach out to me today so we can start working on making your real estate dreams a reality!

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