May 2014 – Real Estate Stats – Gold Canyon Arizona at a glance
- May 2014 home sales shows 36 homes sold. Of these 36 sales, only 1 of them was “distressed” when the sale occurred.
- Average price per square foot for sold homes in May 2014 was $145.47.
- Average price of homes sold in Gold Canyon Arizona in May 2014 was $321,167
- Number of homes on market in Gold Canyon Arizona during May 2014 – there were 311 homes on the MLS.
- Based on 311 homes on the MLS, at the current rate of home sales this is an 9 month inventory of homes.
The trend is continuing for there to be fewer sales as compared to the same months in prior years – in May 2013 there were 60 home sales in the Gold Canyon Arizona area, and in May 2012 there were 56.
This is the same type of scenario that is being reported in other parts of the Phoenix Valley. Also being reported is the sellers are needing to drop their list prices in many instances to get a sale.
Will this trend continue? No one knows — stay tuned as we continue to report monthly information.
(Real estate data taken from Phoenix Multiple Listing Service. Information is deemed accurate, but not guaranteed.)