The number of available Maricopa AZ homes for sale continues it’s descent over the last couple of weeks with just 319 subdivision homes now listed on the MLS, down from 341 available homes just 14 days ago, and listed at an average of $93.45 per square foot. 250 homes are currently under contract, and the sales pace remains strong as 81 homes closed escrow over the last two weeks, selling at an average of $89.80 per square foot and bringing our YTD numbers now to 919 homes sold at an average of $86.61 per square foot. By comparison through the same time period last year, 840 homes had sold at an average of $77.11 per square foot, so the Maricopa residential market is tracking up 9.4% in terms of sales and a healthy 12.3% in terms of the average sold price per square foot.
The National Association of Realtors opined earlier this week that due to the strong pace of sales through the first six months of the year, there could likely be a housing shortage going into the last half of the year. And this opinion has some merit considering the current market balance here in Maricopa.