Contracts Low Point in Encanto Real Estate Market

Over the last 30 days, 50 homes went under contract in the Encanto market, the lowest amount since January. As the market appears to be approaching a bottom, there were 87 homes sold over the same period. During the same time frame, Maryvale county had the most of any other close-by neighborhood with 152 contracts executed. As contracts reached a low, prices have also been falling. The median sales price dropped to $245,000, extending an eight-week long spiral.

Trying to find an affordable a home? Take a look at these low-priced listings in Encanto:

$129K   $139K   $139K  

Get started right now by checking out Encanto homes for sale or reviewing Encanto real estate trends.

Demographic facts about Encanto:

  • The median value of all homes is $107,779.
  • Average number of rainy days is 29 per year. (U.S. average: 100)
  • The area's unemployment rate is 8.8%.
  • For every teacher there are 20.0 students in this area. (15.3 = national average)

Data reported through 10/19/2016

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