Gold Canyon Arizona-Real Estate Update End of January 2009

For Gold Canyon residents, (or individuals interested in buying homes in Gold Canyon), below is information about how the current real estate market is doing.(This data is for month end January 2009).

This information is provided by Benjamin Realty, your local Gold Canyon and East Phoenix Valley Realtors.

January 2009 -Real Estate Stats-Gold Canyon Arizona
During January 2009 there were 504 homes on the MLS in Gold Canyon Arizona.

The number of homes sold during January 2009 was 17.
Of the 17 homes sold, 12 of these homes were “distressed” **.
The average sales price of Gold Canyon homes for January was $340,129.

(Based on the level of sales currently happening, it could potentially take 30 months to move through and sell the current inventory of active homes.)

December 2008-Real Estate Stats-Gold Canyon Arizona
Let’s look at how January 2009 compares to December 2008 sales in Gold Canyon.
In December 2008 there were 432 homes on the MLS.
The number that sold was 17, with 4 of these being “distressed”**.
The average sales price was $246,611.

Comparison with January 2008-Real Estate Stats-Gold Canyon
In January 2008 there were 499 Gold Canyon homes on the MLS listed for sale, with 19 selling. Average sales price was $305,395.
(In January 2008 there were potentially 26 months of inventory based on the sales rate at that time.)

(Note- not all the home listed as “active” in the MLS in 2008 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.)

(This data is compiled from the Phoenix ARMLS for the time period that is referenced.)

If you need real estate assistance, contact Bob and Carolin Benjamin at 480-201-3001.

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