Let’s review what happened with real estate in Gold Canyon Arizona for month ending May 2010.
May 2010 – Real Estate Stats — Gold Canyon Arizona at a glance
- May 2010 sales show a slight increase over April 2010 sales, and slightly more than May 2009. In the Gold Canyon Arizona area, 42 homes sold in May. In April 2010 there were 36 homes sold. A year ago in May 2009 there were 35 homes sold. Price per square foot for sold homes has edged back down to the March 2010 level. The average price per square foot of Gold Canyon sold homes in May 2010 was $111.64 – in April 2010 it was $118.32.
- Average price of homes sold. The average price of sold homes in May 2010 in Gold Canyon Arizona was $257,664. The average price of homes sold in April 2010 was $278,898.
- Distressed properties. Of the 42 sold in the Gold Canyon Arizona area in May 2010, 23 of the properties were “distressed”***. A year ago, May 2009 saw 35 homes sold with 18 of those being “distressed”. The average price per square foot for “distressed” homes sold in May 2010 was $95.81. Buyers all look for the bargains. (If you are someone who is thinking of selling your home in this market, that your price has to be extremely competitive in order for buyers to even consider your home.)
- Number of homes on market. During May 2010 there were 344 homes on the MLS in Gold Canyon Arizona. May 2009 saw 429 homes on the market, as comparison. Based on current sales activity the 344 homes currently on the market are considered to be a 8 month inventory of homes in the area.
(** A “distressed” home means either a home is a “short-sale” or one that has foreclosed.)
(Real estate data taken from Phoenix Multiple Listing Service. Information is deemed accurate, but not guaranteed.)