By Brian Petersheim

Brian Petersheim

These are the numbers for the city of Maricopa for the month of October 2019. These numbers only focus on the homes in HOA’ed subdivisions, since the non-HOA areas are so diverse.

  • 329 Homes currently available for sale, not under contract, looking for offers
  • 238 Homes currently under contract (should close escrow within 45 days pending inspection, appraisal, etc)

In October, 28 of the sold homes had a built-in private pool.

Average sale price was $231,923
Average price per square foot sold $118
Average days on the market was 63

Least expensive home sold – $170,000 – Notes: 3-bed/2-bath 1,117 sqft in Rancho El Dorado, 21870 N. Braden
Most expensive home sold – $368,799 – Notes: 6-bed/4-bath 3,052 sqft upgraded new build (Fulton Homes) in Glennwilde with view fencing, 18976 N. Jameson

  • 6 homes sold in Province (active adult community)
  • 40 of the sold homes were new build/spec homes

Number of bedrooms – 183 sold homes

  • 2 bed – 5
  • 3 bed – 73
  • 4 bed – 80
  • 5 bed – 22
  • 6 bed – 3
  • 7+ bed – 0

Garage parking: of the 183 sold

  • 2 car – 159
  • 3 car – 23
  • 4 car – 1

Price ranges of the 183 sold:
$150,001-$175,000 —- 5
$175,001-$200,000 —- 36
$200,001-$225,000 —- 58
$225,001-$250,000 —- 38
$251,001-$275,000 —- 26
$275,001-$300,000 —-10
$300,001-$350,000 —-7
$350,001-$400,000 —-3

Bottom line: The market still remains with a “slight seller’s advantage.” Inventory and prices have remained static, with a slight shortage of homes for sale, so the market will continue staying level until the end of the year. Winter months in Arizona are generally the slowest real estate months of the year as many buyers and sellers choose not to move during the holiday season.

Any questions about value or the market, please reach out to me.


Brian Petersheim
HomeSmart Realty
602-206-9644
MaricopaNewHomes.Net
CanadiansInArizona.net

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