Gold Canyon Arizona Real Estate Sales-August 2022

Gold Canyon Arizona’s August 2022 home sales were about as sold in July 2022.  Average price per square foot for homes sold in August 2022 was lower than the average square foot price during July 2022.

August 2022 – Real Estate Sales – Gold Canyon Arizona at a glance

Let’s review what happened in August 2022 to Gold Canyon area real estate residential home sales.

  • August 2022 saw 27 homes sold in the Gold Canyon area during the month. There were no distressed home sales – (ie, foreclosure or short-sale.)
  • Average price per square foot of homes sold in August 2022 was $275.24.
  • Average price of Gold Canyon Arizona homes sold in August 2022 was $600,621.
  • Number of homes on the market in Gold Canyon Arizona during August 2022 was 90 (MLS).
  • Based on 90 homes listed on the MLS, it’s a 3-month inventory of homes – at the current rate of home sales.
  • August 2022 residential home sales in Gold Canyon saw about the same number of homes sold during the July 2021 reporting period.

Interest rates for loans are continuing to rise, which affects potential buyers’ ability to buy the homes of their choice. Both resale homes and new home sales are being affected. New home sales are being affected by rising costs for materials, shortages of materials, and labor shortages.

What will our area see regarding home sales as we continue to move through the Fall season? Only time will tell — stay tuned.

(Note — the above information only reflects home listings and sales that are in the Multiple Listing Service (MLS). The Gold Canyon area has various new home builders, as well as custom builders that are actively building and selling homes. Builder-constructed homes are NOT referenced as part of the above numbers, because they are not listed in the MLS. Additionally, homes sold utilizing selling services not a part of the MLS are not included in referenced numbers. If a home sells that is not listed on the MLS, the information related to that sale is not included in this information.)

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