Don’t forget the next upcoming A.D.O.B.E. meeting that will take place March 18th, 7:00 pm at the Best Western, located at Kings Ranch Road & US 60. This is a great way to keep current on what is happening in the Gold Canyon Arizona area.
The “Meet & Greet” starts at 6:15 pm. The format for this particular meeting will be a round table discussion with several local Pinal County government representatives. This is slated to be an informative and engaging event.
If you have not yet joined ADOBE or just want to take a look at the organization you are welcome to attend, even if you are not a member.
Thunder Mountain Middle School in Apache Junction and Gold Canyon Elementary School will be closed after this school year. The governing board for the Apache Junction Unified School District voted unanimously in late Feb 2009 to close both of these schools.
The board also voted to reconfigure the grades at its remaining schools. The four remaining elementary schools will go from kindergarten through fifth grade to kindergarten through sixth grade. The remaining middle school will convert to a junior high school for seventh- and eighth-graders.
If you are planning to buy a home, double check with the school district where you plan to buy to determine the status of the schools if you have children affected.
January 2010 – Real Estate Stats – Gold Canyon Arizona at a glance.
The average sales price per sq foot jumped a bit higher than past months to $121.24, but this jump can be attributed to the fact that a large and pricey (above $1mil) home sold. When the luxury market category has home sales in a given month it always skews the price averages a bit higher. The average price per square foot of sold homes in December 2009 was $103.83.
The average price of sold homes in January in Gold Canyon was $313,839. The average price of homes sold in December 2009 was $216,632. Again, the fact some higher end homes were in the mix has moved the average sold price upward.
The number of homes sold in January 2010 was 41, which is a decrease over the 52 sold in December 2009. (Of the 41 sold, 19 of the properties were “distressed”.) A year ago, January 2009 saw 17 homes sold with 12 of those being “distressed”. So the number of Gold Canyon homes sold in a 30 day period continues to be better than a year ago.
During January 2010 there were 417 homes on the MLS in Gold Canyon Arizona. January 2009 saw 504 homes on the market, as comparison. Based on current sales activity the 417 homes on the market are considered to be a 10 month inventory of homes in the area.
In January 2009, 504 homes were listed for sale on the MLS in the Gold Canyon Arizona area. So the 417 number of homes listed for sale on the MLS for January 2010 is less than we saw for the same time period in 2009.
In Gold Canyon, and elsewhere, there continues to be a large “shadow inventory” of homes that the banks have moved to foreclose upon, but they have not released them into the MLS inventory. Some home owners have moved out more than a year ago with the banks taking over the homes, but the banks are still sitting on the inventory and not putting it back into the marketplace. This “shadow inventory” will continue to play a role in home prices.
(** A “distressed” home means either a home is a “short-sale” or one that has foreclosed. This data is compiled from the Phoenix ARMLS for the time period that is referenced. Data is deemed to be accurate, but not guaranteed.)
If you need real estate assistance, contact Bob and Carolin Benjamin at 480-201-3001.
The Arizona Renaissance Faire is coming again to the Gold Canyon area. This year (2010) the faire runs every Saturday and Sunday from February 6th through March 28th. The faire is also open for President’s Day (Monday). Opening times are 10am through 6pm. Open rain or shine, there is free parking, but do not bring [...]
For month ending December 2009 here’s info about how the current Gold Canyon Arizona real estate market was doing.
Information is provided by Benjamin Realty, your local Gold Canyon and East Phoenix Valley Realtors.
December 2009 – Real Estate Stats – Gold Canyon Arizona at a glance.
The average sales price per sq foot continued to hover just [...]
Arizona state parks keeps nine parks open – thirteen Arizona state parks will close.
Lost Dutchman State Park in Apache Junction will close June 3, 2010. Thirteen Arizona state parks to close due to funding. Boyce Thompson to remain open.
This is information about how the current Gold Canyon Arizona real estate market was doing for month ending November 2009.
Information is provided by Benjamin Realty, your local Gold Canyon and East Phoenix Valley Realtors.
November 2009 – Real Estate Stats – Gold Canyon Arizona at a glance.
The average sales price per sq foot edged [...]
A recent issue of CNN Money published an article that Pinal County Arizona is the #1 county in the nation for anticipated job growth.
They say that job growth from 2000-2008 increased 95.9%. And the expectation is that the growth will be continuing.
Here is the magazine quote……….
Don’t be fooled by the ghost towns and Arizona desert [...]
For Gold Canyon residents, (or individuals interested in buying homes in Gold Canyon),
here is information about how the current Gold Canyon real estate market is doing.
(This data is for month end October 2009).
This information is provided by Benjamin Realty, your local Gold Canyon and East Phoenix Valley Realtors.
October 2009 – Real Estate Stats – [...]
Gold Canyon Arizona is a newer, well maintained unincorporated city in Pinal County about 40 minutes east of the Phoenix Sky Harbor airport. It is considered an upscale community that has many affordable homes. It is adjacent to the Superstition Mountain Wilderness, at the foothills of Superstition Mountain, which offer thousands of square miles of public land for hiking, bike riding, photography, camping or hunting.There are five 18-hole championship length golf courses within Gold Canyon and dozens more within a 30 minute drive. The view of the Superstition Mountain, along with evening sunsets, is one of the most picturesque areas in all of Arizona.