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

 

Queen Creek December 2014

Status# ListingsSold Volume List PriceSold PriceApprox SQFTSold Price Per Approx SQFTDays On Market
Closed12733,673,088Low
Avg
High
66,780
270,694
849,000
85,989
265,142
775,000
730
2,512
5,572
50.53
105.56
185.30
2
104
501

 

Queen Creek December 2015

Status# ListingsSold Volume List PriceSold PriceApprox SQFTSold Price Per Approx SQFTDays On Market
Closed14741,996,411Low
Avg
High
110,000
289,627
659,000
110,000
285,690
626,000
1,120
2,518
5,417
67.16
114.50
232.80
0
79
510

Queen Creek had a great December this year. There was modest growth in year over year homes sold with an extra 20 homes sold. The real story is huge appreciation. The average home price rose over $20,000 from the same month last year. This is huge. If you bought your home 2-3 years ago you should have a decent amount of equity built already. Over all homes in Queen Creek are selling faster and for a higher price.

San Tan Valley December 2014

 

Status# ListingsSold Volume List PriceSold PriceApprox SQFTSold Price Per Approx SQFTDays On Market
Closed14625,457,534Low
Avg
High
84,900
178,013
489,900
80,000
174,367
465,000
1,056
1,979
3,740
52.77
90.03
255.68
0
89
521
Status# ListingsSold Volume List PriceSold PriceApprox SQFTSold Price Per Approx SQFTDays On Market
Closed15628,885,027Low
Avg
High
75,660
188,737
384,650
155
185,160
375,000
1,052
2,065
4,157
0.12
91.76
194.41
0
76
563

San Tan Valley December 2015

 

San Tan Valley is looking pretty healthy as well. The days on market has gone down and the average price per home rose almost $11,000. This to me shows a very healthy market with modest year over year appreciation. Most San Tan Valley home owners are in the same situation as Queen Creek home owners. If you bought your home 2-3 years ago you should have some equity.

 

If you are thinking about up or down sizing now is a great time. Please give me a call and we can see just how much equity you might have!

 

For more information about Big Mike or RE/MAX Home Expert Realty, please visit www.DownHomeAZ.com or give Big Mike a call at (480) 720-0730