The number of available subdivision homes in Maricopa has remained very consistent over the last 60 days with 324 homes once again listed on the MLS this week at an average of $97.86 per square foot. 208 homes are currently under contract up from 187 homes just 14 days ago, and it was an average two weeks in sales as 50 homes sold over that time period, selling at an average of $85.98 per square foot. The new build market continues to be a dominant component with 57 newly constructed homes listed this week on the MLS at an average of $121.78 per square foot. Consider that when the new builds are subtracted from the total available inventory, just 267 resale homes remain, or based on current demand that translates to less than a 60 day supply of homes.
So let’s take a brief look at how September fared and then some YTD numbers. It should be no surprise that all the market indicators are on positive trajectories.