Gold Canyon Arizona’s home sales in May 2022 were only 1 more home sold than the prior month. The average price per square foot for homes sold in May 2022 was barely higher than the average square foot price during the prior month.
May 2022 – Real Estate Sales – Gold Canyon Arizona at a glance
Let’s review what happened in May 2022 with Gold Canyon area real estate residential home sales.
- May 2022 saw 48 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 for homes sold in May 2022 was $285.20.
- Average price for Gold Canyon Arizona homes sold in May 2022 was $520,795.
- Number of homes on the market (MLS) in Gold Canyon Arizona during May 2022 was 101 homes.
- Based on the 101 homes listed on the MLS, there is a 2 month inventory of homes – at the current rate of home sales.
May 2022 residential home sales in Gold Canyon saw fewer home sales than were reported a year ago in the May 2021 reporting period.
Interest rates are rising which will undoubtedly have effects on upcoming home sales as buyers needing a home loan for their purchase will be seeing higher interest rates.
Reports continue from across the Phoenix Valley are showing new home prices are continuing to increase due to rising materials costs, material shortages, and labor shortages.
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 that are 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.)