August 2009 -Real Estate Stats – Gold Canyon Arizona
- At a glance – prices are continuing to drop with the average price of sold homes in August being $279,003. The average price of homes sold in July 2009 was $298,825. The number of homes sold is down from the prior month with only 33 homes sold in August. July 2009 saw 42 homes sold. And a year ago, August 2008 saw 21 homes sold. So the number of Gold Canyon homes sold in a 30 day period continues to be better than a year ago, even though the number for August 2009 is down from July 2009 sales.
- During August 2009 there were 383 homes on the MLS in Gold Canyon Arizona. (In July 2009, 394 homes were listed for sale on the MLS.)The number of homes sold during August 2009 was 33. Of the 33 homes sold, 16 of these homes were “distressed” **. The average sales price of Gold Canyon homes for August was $279,003. (Based on the level of sales currently happening, it could potentially take 12 months to move through and sell the current inventory of active homes.)
- Let’s compare August 2009 with July 2009-Real Estate Stats – Gold Canyon Arizona. Let’s look at how August 2009 compares to July 2009 sales in Gold Canyon. In July 2009 there were 394 homes on the MLS. The number sold was 42, with 23 of these being “distressed”**. The average sales price in July 2009 was $298,825.
- Comparison with August 2008-Real Estate Stats – Gold Canyon. In August 2008 there were 377 Gold Canyon homes on the MLS listed for sale, with 21 selling. Of these 21 sales, 7 of the homes were distressed sales. Average sales price was $339,124. (In August 2008 there were potentially 18 months of inventory based on the sales rate at that time.)
(** A “distressed” home means either a home is a “short-sale” or one that has foreclosed.)
(Real estate data taken from Phoenix Multiple Listing Service. Information is deemed accurate, but not guaranteed.)