Gold Canyon Arizona May 2021 residential home sales saw fewer sales than were sold in April. The average price per square foot for homes sold in May 2021 was within pennies of being the same as the April numbers.
May 2021 – Real Estate Stats – Gold Canyon Arizona at a glance
Let’s review what happened in May 2021 with Gold Canyon area real estate sales.
- May 2021 saw 54 homes sold in the Gold Canyon area during the month. There were no distressed home sales during the month- (ie, foreclosure or short-sale.)
- Average price per square foot for homes sold in May 2021 was $237.38.
- Average price for Gold Canyon Arizona homes sold in May 2021 was $487,093.
- Number of homes on the market (MLS) in Gold Canyon Arizona during May 2021 was 98 homes.
- Based on the 98 homes on the MLS, there is a 2 month inventory of homes – at the current rate of home sales.
Home sales in Gold Canyon during May saw more residential home sales than in the prior /May reporting period.
Residential home sales in the Gold Canyon area, as well as other communities across the Phoenix area, continue to see brisk sales – with homes generally selling rather quickly when they are listed.
New home prices are increasing due to the rising costs of lumber and other building materials. Delays with new home construction is being reported due to labor shortages.
What will our area see with home sales in as we head into Summer? 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. New build homes are NOT referenced as part of the above numbers, because they are not listed in the MLS.
Also note, the ‘average price’ for homes and price per square foot are ‘averages’. Obviously since they are ‘averages’ there will be some homes selling for either less than, or for more than those ‘average numbers’. )
(Real estate data taken from Phoenix Multiple Listing Service. Information is deemed accurate, but not guaranteed.)