Gold Canyon Arizona’s home sales in June 2022 were fewer than were sold in May 2022. The average price per square foot for homes sold in June 2022 was higher than the average square foot price during May 2022.
June 2022 – Real Estate Sales – Gold Canyon Arizona at a glance
Let’s review what happened in June 2022 with Gold Canyon area real estate residential home sales.
- June 2022 saw 40 homes sold in the Gold Canyon area during the month. There were no distressed home sales – (ie, foreclosure or short-sale.)
- The average price per square foot for homes sold in June 2022 was $294.80
- The average price for Gold Canyon Arizona homes sold in June 2022 was $623,405.
- Number of homes on the market (MLS) in Gold Canyon Arizona during June 2022 was 131 homes.
- Based on the 131 homes listed on the MLS, there is a 3-month inventory of homes – at the current rate of home sales.
June 2022 residential home sales in Gold Canyon saw fewer home sales than were reported a year ago in the June 2021 reporting period.
As interest rates continue to rise, this will undoubtedly affect home sales. Buyers needing a home loan for their purchase will see higher interest rates and it will affect their buying power.
Continuing reports from across the Phoenix Valley show new home prices continue increasing due to rising materials costs, material shortages, and labor shortages. How will the raising interest rates affect new homes — time will tell.
What will our area see regarding home sales as we continue to move through the summer 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.)