Gold Canyon Arizona - Real Estate Update - End of May 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 May 2009).

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

May 2009 -Real Estate Stats – Gold Canyon Arizona
During May 2009 there were 429 homes on the MLS in Gold Canyon Arizona.

The number of homes sold during May 2009 was 35.
Of the 35 homes sold, 18 of these homes were “distressed” **.
The average sales price of Gold Canyon homes for May was $255,593.

(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.)

April 2009-Real Estate Stats – Gold Canyon Arizona
Let’s look at how May 2009 compares to April 2009 sales in Gold Canyon.
In April 2009 there were 449 homes on the MLS.

The number that sold was 37, with 15 of these being “distressed”**.
The average sales price in April 2009 was $265,548.

Comparison with May 2008-Real Estate Stats – Gold Canyon
In May 2008 there were 455 Gold Canyon homes on the MLS listed for sale, with 33 selling.

Of these 33 sales, only 3 were distressed sales.
Average sales price was $328,610.
(In May 2008 there were potentially 14 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.)

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