As 2011 comes to an end, it makes me reflect this last year in the San Tan Valley real estate market. To give out some numbers for all you numbers people! As I have been saying we are needing more homes for buyers right now!!!! Home sales in the third quarter of 2009 for all of Pinal county was 3,927, third quarter of 2010 – 4,683, and third quarter of 2011 – 2,570. Closed sales for the same quarters were 2009- 2,706, 2010-2,158, and 2011 – 2,419.
All these numbers tell us is that for nearly every home on the market in the third quarter of 2011 were sold. The homes on the market had a 45.1% drop from 2010, and still had a 12.1% increase from the previous year in the sales of houses.
We did see some drops in pricing of about 8.3% from the previous year but with our drastic drop in the supply of homes, I am excited to see how the market changes in one quarter.
Queen Creek on the other hand had much stronger pricing numbers. For the zip code 85242, they seen a 3% increase in the average sales price.
To find out more about the market conditions or the market conditions in your area, please feel free to call, email, or check out my website!