fbpx

What is going on in the Queen Creek/San Tan Valley market?

 

Queen Creek

2015

Status ListingsSold Volume List PriceSold PriceApprox SQFTSold Price Per Approx SQFTCumulative Days On Market
Overall13337,471,299Low
Avg
High
117,000
287,547
669,000
125,000
281,739
650,000
1,218
2,531
5,417
58.46
112.13
184.65
0
85
665

2014

Status ListingsSold Volume List PriceSold PriceApprox SQFTSold Price Per Approx SQFTCumulative Days On Market
Overall8921,776,769Low
Avg
High
109,999
250,879
549,900
105,000
244,683
549,900
1,050
2,405
4,280
54.27
103.69
192.41
2
101
497

 

San Tan Valley

2015

Status ListingsSold Volume List PriceSold PriceApprox SQFTSold Price Per Approx SQFTCumulative Days On Market
Overall16329,797,030Low
Avg
High
64,800
185,501
439,000
50,000
182,804
430,000
1,064
2,009
3,927
34.34
93.28
187.27
0
69
491

 

2014

Status ListingsSold Volume List PriceSold PriceApprox SQFTSold Price Per Approx SQFTCumulative Days On Market
Overall16227,942,543Low
Avg
High
54,900
175,638
374,900
49,500
172,485
376,000
160
2,030
4,140
34.09
92.73
593.75
0
87
528

 

As you can see from the chart Queen Creek is doing significantly better than October of last year. The number of homes sold has grown as well as the average dollar per square foot. Also keep in mind that this data is from the MLS and does not include new construction. If we look at San Tan Valley the sales are pretty flat from October of 14 and 15 with only one more sold. The average price per square foot has gone up less than one dollar compared to Queen Creek at $8.44 per square foot. What does it all mean? It’s really hard to say what direction the market will go. In my humble opinion, I would say that San Tan Valley will see continued slow growth until the infrastructure has time to catch up. I think with all the new jobs and business’s coming to Queen Creek they will continue to see more rapid appreciation. I can tell you for certain the one market that doesn’t ever slow down is single level homes with a pool under $200k. If you have any market questions or observations please reach out and give me a call.