Gold Canyon Arizona’s November 2023 home sales increased when compared to sales reported for the prior month – October 2023. Compared to homes sold in the prior year (2023), more homes were sold in 2023. The average price per square foot for homes sold in November 2023 was similar to the reported price for the prior month.
November 2023 – Real Estate Sales – Gold Canyon Arizona at a glance
Let’s review Gold Canyon area real estate residential home sales for November 2023.
- November 2023 saw 29 homes in the Gold Canyon area sold, that were 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 November 2023 was $270.11.
- The average sales price of Gold Canyon Arizona homes sold in November 2023 was $553,292.
- The number of Gold Canyon Arizona homes on the market in November 2023 was 198 (MLS).
- Based on 198 homes listed on the MLS – a 7-month inventory of homes – at the current rate of home sales.
- November 2023 residential home sales in Gold Canyon saw more homes sold than were sold during the November 2022 reporting period.
Demand for homes is there — buyers are looking if you are thinking of selling
Despite rising interest rates for home loans, there is still significant demand for seller-resell homes. There are cash buyers who are not worried about loan rates and the increasing loan rates. But compared to the days when interest rates were lower, and homes were selling more rapidly, current sellers may need to prepare their homes a little bit more. 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 throughout winter? 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 home builders and custom 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.)