Zip Code 85016 Analysis
The Biltmore market continues to demonstrate remarkable stability amid broader economic fluctuations. While experiencing a slight price adjustment, the area maintains its premium positioning with balanced supply-demand dynamics. Key indicators suggest a normalizing market that favors well-prepared buyers while still rewarding sellers who price strategically.
Key Market Metrics at a Glance
| Metric | October 2025 | Year-over-Year Change | Market Implication |
|---|---|---|---|
| Median Sale Price | $535,000 | -1% | Moderate price correction |
| Homes Sold | 117 | -1.7% | Stable demand |
| New Listings | 210 | -2% | Constrained new supply |
| Inventory | 267 | +21% | Growing buyer options |
| Median Days on Market | 88 | +28 days | Slower absorption rate |
| Sale-to-List Price | 96.4% | +0.1% | Strong price realization |
| Average Discount | ~4% below ask | Consistent | Negotiation room returns |
Detailed Market Analysis
Pricing & Value Trends
Inventory & Supply Dynamics
Sales Velocity & Market Pace
What This Means for You
For Biltmore Homeowners & Sellers
For Biltmore Home Buyers
For Investors & Market Watchers
Biltmore-Specific Context
The 85016 zip code’s performance continues to outpace many Phoenix submarkets in stability and prestige retention. The area’s unique combination of historic architecture, premium amenities, and central location provides fundamental strength that transcends short-term market fluctuations.
Current Market Position: Balanced/Normalizing
Looking Ahead
As we move into the winter season, expect continued stability in the Biltmore market. The combination of slightly higher inventory and sustained demand creates ideal conditions for serious buyers and well-positioned sellers. Properties that showcase the Biltmore lifestyle’s unique appeal—architecture, location, and amenities—will continue to perform well.
Data Source: Arizona Regional Multiple Listing Service, Inc. (ARMLS). Analysis provided by The Phil Tibi Group for informational purposes only. Market conditions may change and should be verified independently.
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