Maricopa Real estate market inventory continues to make buyers go crazy and sellers smile!.
The number of homes currently for sale in the city of Maricopa is still one of the lowest inventories I have seen it since I started tracking monthly sales in 2015.
As of today August 1st, 2021, there are only 132 homes currently for sale in the city of Maricopa. The 132 homes are for sale, not currently under contract, and looking for offers.
Normal monthly inventory averages around 300-325 homes available.
It’s not just Maricopa that is feeling the shortage of inventory. I have been keeping in touch with agents throughout the Valley daily, and they are experiencing some of the same issues in the rest of the Phoenix Metro area.
Homes that are priced within market parameters are receiving over asking price offers within the first week, and many of the homes are being purchased by real estate investments trusts (REIT)s
July 2021 July 2020
# of homes for sale 132 203
Average sale price in $351.757 $260,960
Average price per sqft $177 $131
Average days on the market 24 42
These are the numbers for the city of Maricopa for the month of July 2021. These numbers only focus on the homes in HOA'ed subdivisions, since the non HOA areas are so diverse.
132 Homes currently available for sale, not under contract, looking for offers
362 Homes currently under contract (should close escrow within 45 days pending inspection, appraisal, etc)
IN JULY 2021 there are the homes that SOLD!
184 homes were SOLD in Maricopa
30 of the sold homes had a built in private pool.
10 Homes sold in Province (active adult community)
21 Of the sold homes were new build/spec homes
$225,000 Least expensive home sold July 2021- Notes: 4 bed/2bath 2096sqft in Rancho 42399 W. Chambers. Zero days on the market (sold before it was listed)
$620,000 Most expensive home sold July 2021- Notes: 4bed/2.5bath 4006sqft home ¼ acre golf course lot with pool. Home is loaded with upgrades! 22362 N. O’Sullivan Dr 66 days on the market.
Number of bedrooms- 184 sold homes
2 bed-12
3 bed- 87
4 bed- 67
5 bed- 15
6 bed- 3
7+ bed- 0
Garage parking: of the 184 sold
2 car- 150
3 car- 34
4 car- 0
Price ranges of the 184 sold:
$225,001-250,000---- 1
$250,001-275,000---- 6
$275,001-300,000---- 21
$300,001-325,000---- 37
$325,001-350,000---- 33
$350,001-375,000---- 35
$375,001-400,000---- 17
$400,001-425,000---- 11
$425,001-450,000---- 9
$450,001-475,000---- 3
$475,001-500,000---- 3
$500,001-550,000---- 5
$550,001-600,000---- 1
$600,000+ ------- 2
Bottom line: The market is strong, and homes that are priced competitively are selling very quickly. Get out there and meet your new neighbor!
Please consult a local Real Estate professional for help buying or selling a home.
Brian Petersheim is a Realtor with Homesmart Success and can be reached at 602.206.9644 or email BrianPetersheim@gmail.com