Gold Canyon Arizona’s May 2024 home sales were about one-third fewer sales when compared to sales reported in the prior month – April 2024.
When comparing homes sold in May 2024, there were almost the same number of homes sold in May 2024 as sold in May 2023.
The average price per square foot for homes sold in May 2024 was almost the same as the prior month – April 2024.
May 2024 – Real Estate Sales – Gold Canyon Arizona at a glance
Let’s review Gold Canyon area residential home sales for May 2024.
- May 2024 saw 38 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 May 2024 was $279.43.
- The average sales price of Gold Canyon Arizona homes sold in May 2024 was $561,271.
- The number of Gold Canyon Arizona homes on the market in May 2024 was 197 (MLS).
- Based on 197 homes listed on the MLS – a 5-month inventory of homes – at the current rate of home sales.
- May 2024 residential home sales in Gold Canyon saw about the same number of homes sold than were sold during the May 2023 reporting period.
Buyers are looking for good values.
The snowbirds have gone for the summer. But snowbirds are not the only buyers who are looking for homes. Buyers are still looking for good-value homes to purchase. Although home loan rates are increasing, which is making some buyers nervous, there are cash buyers who are not worried about loan rates and the increasing loan rates.
What will our area see regarding home sales as we continue into summer? 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.)