Gold Canyon Arizona-Real Estate Stats-November 2008

– Posted in: Gold Canyon Real Estate
  • November 2008-Real Estate Stats-Gold Canyon Arizona. During November 2008 there were 423 homes on the MLS in Gold Canyon Arizona. The number of homes sold during November was 16. Of the 16 homes sold, 7 of these homes were “distressed” **. The average sales price of Gold Canyon homes for November was $262,132. (Based on the level of sales currently happening, it could potentially take 26 months to move through and sell the current inventory of active homes.)
  • October 2008-Real Estate Stats-Comparison. Let’s look at how November 2008 compares to October 2008 sales in Gold Canyon. In October 2008 there were 400 homes on the MLS. The number that sold was 17, with 7 of these being “distressed”**. The average sales price was $286,016.
  • Comparison with November 2007. In November 2007 there were 470 Gold Canyon homes on the MLS listed for sale, with 15 selling. Average sales price was $298,533. (In November 2007 there were potentially 31 months of inventory based on the sales rate at that time.) (Note- not all the home listed as “active” in the MLS in 2007 have sold since that time, there have been a number of home owners who have taken them off the market for sale.)

(** A “distressed” home means either a home is a “short-sale” or one that has foreclosed.)

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(Real estate data taken from Phoenix Multiple Listing Service. Information is deemed accurate, but not guaranteed.)