Gold Canyon Arizona Real Estate Stats - October 2009

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

At a glance – there are two items of big news for Gold Canyon real estate in October 2009. For the first time since the real estate market went into its downward spiral the average price per square foot has dropped to under $100.00. Also the number of ***“distressed” homes in the monthly sales figures has risen to a much higher number.

The average price of sold homes in October was $205,881. The average price of homes sold in September 2009 was $327,923. (But remember the average price for September 2009 was skewed upward due to 8 of the 29 homes sold during September being “behind the gates” in Superstition Mountain Properties. Properties in this community are always higher ticket homes than the rest of Gold Canyon and the fact 8 of the 29 homes sold were in that community artificially inflated the monthly average sales price for September 2009.) Looking back to August 2009 the average sales price for that month was $279,003 – an average that was based on sales that were not skewed because of sales “behind the gates” in Superstition Mountain Properties – so can be considered “more the average”.

The number of homes sold in October is up from September with 31 homes sold in October. September 2009 saw 29 homes sold – so 2 more homes sold in October. A year ago, October 2008 saw 17 homes sold. So the number of Gold Canyon homes sold in a 30 day period continues to be better than a year ago.

During October 2009 there were 431 homes on the MLS in Gold Canyon Arizona. Based on current sales activity this would be considered to be a 14 month inventory of homes in the area.

(In September 2009, 395 homes were listed for sale on the MLS.)

(** 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.

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