Once again 322 subdivision homes are listed on the MLS in Maricopa, a number of which that has been remarkably consistent over the last 120 days, and those homes are listed at an average of $96.47 per square foot. 194 homes are currently under contract and sales remain steady as 56 homes sold over the last 14 days, selling at an average of $88.18 per square foot and bringing our YTD numbers now to 1,446 subdivision homes sold at an average of $86.93 per square foot. By comparison through the same time period last year 1,316 homes had sold at an average of $77.93 per square foot so the residential market in Maricopa is currently tracking up 10% in terms of sales and 11.5% up in terms of the average sold price per square foot.
So let’s take a brief look at how October performed and then a quick look at the sales trends over the 6 months. Sales of SFD homes in October were up over 11% from last October with 139 SFD homes selling versus 125 in October 2015. Amazingly in October the average price of a SFD home rose over 15% to $190.160 from last October’s average of $164,878,