Eloy Real Estate Market Continues Downward Trend in Price Cuts

Sales in the Eloy market rose to 11 homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with seven price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price rose to $225,000 over the latest reporting period for Eloy, up from $215,707.

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Demographic facts for Eloy:

  • The population has increased 81.1% over the past decade.
  • The safety rating here is 50. (Scale: 1 = Worst, 100 = Best)
  • The average commute to work for people in this area is 30 minutes.

Data reported through 10/12/2016

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