Gold Canyon Arizona home sales in March 2022 were ‘on fire! When you consider that the number of residential home sales in February was 47 and March saw 77 — that is a huge increase! The average price per square foot for homes sold in March 2022 was a little bit higher than the average square foot price in the prior month.
March 2022 – Real Estate Sales – Gold Canyon Arizona at a glance
Let’s review what happened in March 2022 with Gold Canyon area real estate residential home sales.
- March 2022 saw 77 homes sold in the Gold Canyon area during the month. During the month there were no distressed home sales – (ie, foreclosure or short-sale.)
- Average price per square foot for homes sold in March 2022 was $275.41.
- Average price for Gold Canyon Arizona homes sold in March 2022 was $536,047.
- Number of homes on the market (MLS) in Gold Canyon Arizona during March 2022 was 103 homes.
- Based on the 103 homes listed on the MLS, there is a 1 month inventory of homes – at the current rate of home sales.
March 2022 residential home sales in Gold Canyon had double the number of home sales reported than were reported in the March 2021 reporting period.
Reports continue from across the Phoenix Valley that new home prices are continuing to increase due to rising materials costs and labor shortages. Delays in closing for the new home buyers also continue to be reported due to labor and materials shortages. Also, there are concerns about potential interest rates increasing, which will undoubtedly have effects on upcoming home sales.
What will our area see with home sales as we continue to move ahead into 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. New build homes are NOT referenced as part of the above numbers, because they are not listed in the MLS. Additionally, homes that are sold utilizing selling services that are not a part of the MLS are not included in the referenced numbers. If a home sells that is not listed in the MLS, the information related to that sale is not included in this information.)