Home prices in Pinal remain steady over last quarter

Facebooktwittergoogle_plusredditpinterestlinkedinmailby feather

b6_3d_robot229a.jpg

FLORENCE, AZ – Home prices in Pinal County remained steady over the first two quarters of 2013. The average residential single family sale was $154,416 in the second quarter (Q2) of 2013 compared to $154,616 in the previous quarter. The quarterly sales volume rose to 1,827 homes from 1,568 during the previous three month period.

 The second quarter average sale price results represent a gain of 14% over the year ago results, although the sales volume slowed from 2,003 homes in Q2 of last year to 1,827 in Q2 of this year.

 County Assessor Douglas Wolf stated, “After the dramatic year-over-year price increases we saw in the first quarter results, it is encouraging to see those values hold up in the market place.”

 “With an average sale price of $263,799 in Maricopa County for June, 2013, housing in Pinal County is still competitively priced. If the regional economy continues to recover, we would anticipate further price appreciation going forward,” added Mr. Wolf.

 There were 447 residential sales in the City of Maricopa with an average price of $144,574 during the second quarter. Casa Grande had 175 sales with an average of $136,568. The average for Apache Junction was $118,961 with 100 sales. The Town of Florence only had 37 sales in first quarter but the average price was $143,452.

 The top sale for the period was a 3,800 square foot home in the Superstition Mountain neighborhood of Gold Canyon. It sold for $935,000 in early June.

 Assessed values are based on past trends so the latest sales data will not be reflected in home valuations until the 2015 notices are mailed out early next year. Valuations are based on sales history over an 18 month period so one quarter’s results are not an exact predictor of what will happen on next year’s Notice of Values.

 Sales information is based upon data obtained by the Assessor’s Office via recorded Affidavits of Property Value (ARS § 11-1133, Form 82162). Only residential sales validated by the Arizona Department of Revenue were included in this quarterly report.

admin (7661 Posts)


Facebooktwittergoogle_plusredditpinterestlinkedinmailby feather
Facebooktwitterby feather

Leave a Reply

Your email address will not be published.

  • Additional Stories

    The Freeport-McMoRan Foundation has announced that the 2016 Globe-Miami Community Investment Fund grant

    June 13th, 2016
    by

    Freeport-McMoRan Foundation Announces 2016 Community Miami, AZ (June 9, 2016) – The Freeport-McMoRan Foundation has announced that the 2016 Globe-Miami Community […]


    Local Scout receives leadership award

    May 4th, 2016
    by

    Local Boy Scout Michael Garcia was awarded the Venturing Leadership Award for Council Level March 11, 2016. The Venturing Leadership […]


    Annual Oracle bicycle race set for Jan. 31

    February 4th, 2016
    by

    The UA Cycling Oracle Road Race, presented by Sabino Cycles, took place over a nearly 20-mile course bounded the Catalina Mountains to the north, the Black Mountains to the south, and the Galiuro Mountains to the east. The finish line was near the Ore House in Oracle.


    POLARFEST 2015: New location, same fun

    September 22nd, 2015
    by

    Polarfest, the annual San Tan Valley-exclusive winter-carnival-type event, will take place on Saturday, Dec. 5 from 11 a.m. to 5 […]


  • Additional Stories

    Tips to Make History Come Alive for Your Family

    August 21st, 2015
    by

    (StatePoint) It may have been many years since you picked up a history textbook. And if so, who can blame […]


    Resolution Copper Mining begins worker trainee program

    February 6th, 2014
    by

    SUPERIOR, Ariz., Jan. 28, 2014 – Resolution Copper Mining is beginning a Worker Trainee Program as part of its commitment […]


    Oracle Schools to consider moving kindergarten to the Mountain Vista Campus

    February 5th, 2014
    by

    By Dennis Blauser Superintendent, Oracle Schools On Feb. 18 the Oracle School District Governing Board will discuss the idea of […]


    Enjoy a day of outdoor recreation and history at the Third Annual Legends of Superior Trails Eco-Tourism Festival

    February 5th, 2014
    by

    The Legends of Superior Trails invites you to enjoy a day of history, and adventure at the Third Annual Legends […]


  • Copperarea

  • [Advertisement.]
  • [Advertisement.]
  • Southeast Valley Ledger

  • Arizona Headlines & Current Weather