2019 Maricopa Real estate market recap and review:
The median home price in Maricopa at the beginning of 2019 was $231,215 and at the end of 2019, the median price was $236,501, which shows a growth of 2.3% over the year.
The 2019 market is classified as a “slight seller’s advantage” which translates as a slight seller’s market based on prices and inventory levels
As a quick reference of how much builders compete against the resale of homes in Maricopa, here are the stats:
NEW HOME Building permits:
2013:444
2014:283
2015:347
2016:506
2017:789
2018:993
2019:987
THESE ARE THE CLOSED HOME NUMBERS in the city of Maricopa (12 months), A total of 2068 homes were sold through 12/31/19. One out of every four homes sold was a brand new home!
Average days on market in 2019- 65 days
Least expensive home sold in 2019- $124,000 3bed/2bath 1666sqft in Rancho El Dorado 42430 W. Oakland
Most expensive home sold in 2019- $470,000 6bed/3.5 bath 4380sqft in Cobblestone Farms w/ pool/spa/waterfall, loaded with upgrades 22737 N. Sunset Dr.
Number of bedrooms of the 2068 sold homes
2 bed-127 (mostly in Province)
3 bed-926
4 bed-774
5 bed-211
6 bed-26
7+ bed-4
Garage parking: of the 2068 sold homes
2 car- 1650
3 car- 406
4 car- 12
Sales price of the sold 2068 homes (price range)
Under $150,000-------3
$150,001-175,000-----99
$175,001-200,000-----525
$200,001-225,000-----515
$225,001-250,000-----405
$251,001-275,000-----233
$275,001-300,000-----143
$300,001-325,000-----80
$325,001-350,000-----38
$350,001-400,000-----19
$400,000+ -----8
Currently in the city of Maricopa
21,140 homes constructed
1,685 improved lots (streets and utilities in)
37,243 unimproved lots (planned for homes, but unimproved)
The forecast for 2020 indicates a strong showing by the current builders, with many of the floorplans being built most frequently as single-story homes. Some of the of the newest homes offer a multi generational floorplan, which has an extra living area, bedroom, bathroom and kitchenette designed to provide space for multiple generations to live together under one roof but still retain some privacy.
Sellers should consider interior paint/carpet if selling and should offer a “free” home warranty to the buyer to compete with the new builds!
Need help buying or selling a 🏚️? I’m your 🙋♂️
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Brian Petersheim- Homesmart Success
Text/Call 602.206.9644
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BrianPetersheim@gmail.com
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