October 2019 sales, active and under-contract listings in Northlands, plus a look at why the neighborhood appreciated faster than the 85383 ZIP code overall.
A note to our neighbors
To our fellow Northlands neighbors — my family and I call this beautiful neighborhood our home, same as you. We live here because we truly believe in the community and love what it has to offer.
As a family business, we feel there is something special about working in the same community where we reside. It requires an extra level of dedication to excellence, because reputation matters and the way we conduct our business reflects our personal values. As your neighbors, we promise to continually deliver the absolute highest quality service and never take for granted this wonderful place we all call home.
— The Brill Family / White Feather Ln.
Recently Sold
Northlands October 2019 activity
28059 N 99th Ln
$624,000
Sold 10/8/19
127 days on market
3,862 sf / 12,204 sf lot
5 bed / 3.5 bath
Pool
Sold by: Heather Barajas / HomeSmart
9928 W Redbird Rd
$484,000
Sold 10/18/19
185 days on market
2,516 sf / 7,994 sf lot
3 bed / 2.5 bath
Former model home / No pool
Sold by: Taylor Morrison
26956 N 104th Ln
$365,000
Sold 10/9/19
29 days on market
1,965 sf / 5,805 sf lot
3 bed / 3 bath
No pool
Sold by: Jim & Laurie Blackburn / HomeSmart
Inventory at publication
Active & under contract
Active listings
Active Northlands listings, November 2019
9976 W Hedge Hog Pl
$733,700
27562 N 99th Dr
$567,000
10127 W Spur Dr
$531,000
26872 N 101st Ln
$524,900
26845 N 99th Dr
$489,900
10252 W Pinnacle Vista Dr
$482,999
26872 N 101st Ln
$465,000
10275 W Fetlock Trl
$399,900
10388 W Rosewood Ln
$349,900
Under contract
Under-contract Northlands listings, November 2019
27681 N 99th Dr
$620,000
26958 N 102nd Ln
$549,900
10232 W Oberlin Way
$414,900
27758 N 102nd Ln
$400,000
26880 N 99th Dr
$385,000
Real Estate Commentary
Northlands vs. North Peoria (85383)
It's always helpful to know how your community compares to the city that it's in. In this case, we're looking specifically at the appreciation of the sold price-per-square-foot year over year, North Peoria vs. Northlands. For the sake of comparison, we're looking at January through the end of October, 2018 to 2019. The ZIP code of 85383 saw 6% appreciation while Northlands saw appreciation of 7.3%.
While that difference is not monumentally significant on its own, it does show that the neighborhood is above average for the area in terms of appreciation. What drives appreciation in real estate is the same thing we all learned back in econ-101: supply and demand. When you have more demand than supply, prices are driven up. In the case of Northlands, we had just over one month's worth of supply (homes available for sale), which is very low. A balanced market, where buyer and seller have equal bargaining power, is about 4.5 months. In the entire ZIP code of 85383 we had just under three months, so it's easy to see why our neighborhood was appreciating more rapidly.
If you'd like a more thorough rundown on how our market is doing, or want to know what your home is worth, give us a call at 602.529.4092 and we'd be happy to walk you through it.
Printed edition
As it was mailed
Cover — November 2019 editionInside spread — October activity & commentary
