The number of available subdivision homes has remained remarkably consistent over the last several months with 305 homes actively listed on the MLS once again this week, listed at an average of $99.25 per square foot. 144 homes are currently under contract, and since the first of the year 40 homes have sold, selling at an average of $83.46 per square foot. By comparison through the same time period last year, 20 homes had sold at an average of $84.06 per square foot so buyer demand is obviously stronger out of the gate this year and all indications are that demand for housing will continue to be strong as commercial development in the area grows, employment expands, and consumer confidence rises.
The dust has settled on the 2016 residential market in Maricopa and the numbers are up across the board. More importantly the trajectory of the market is as robust as it has been in the last 10 years. Sales of residential homes in Maricopa increased by nearly 11% in 2016 with 1,702 homes sold versus the 1,534 homes sold in 2015.