Gold Canyon Arizona’s February 2024 home sales increased – compared to sales reported last month – January 2024. Compared to homes sold in February 2024, almost the same number of home sales were reported sold in February 2024 as in February 2023. The average price per square foot for homes sold in February 2024 was about the same as the prior month.
February 2024 – Real Estate Sales – Gold Canyon Arizona at a glance
Let’s review Gold Canyon area residential home sales for February 2024.
- February 2024 saw 48 homes in the Gold Canyon area sold, listed on the MLS. No distressed home sales were reported- (ie, foreclosure or short-sale.)
- The average price per square foot for homes sold in February 2024 was $269.10.
- The average sales price of Gold Canyon Arizona homes sold in February 2024 was $534,369.
- The number of Gold Canyon Arizona homes on the market in February 2024 was 233 (MLS).
- Based on 233 homes listed on the MLS – a 5-month inventory of homes – at the current rate of home sales.
- February 2024 residential home sales in Gold Canyon saw about the same number of homes sold as were sold during the February 2023 reporting period.
Buyers are looking for good values.
As you can note from the additional number of homes selling during February (as compared to January), buyers are still looking for good-value homes to purchase. Plus there are cash buyers who are not worried about loan rates and the increasing loan rates, despite the higher interest rates for home loans.
While there are buyers, the market has changed from days when buyers were snatching up listings within hours of being placed on the MLS. Sellers will benefit from handling needed repairs and doing what they can to stage homes before putting them on the market.
What will our area see regarding home sales as we continue into spring? Only time will tell — stay tuned.
(Note — the above information only reflects home listings and sales in the Multiple Listing Service (MLS). The Gold Canyon area has various new and custom home builders 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 the referenced numbers. If a home not listed on the MLS sells, that sale information is not included in this information.)