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 (7655 Posts)


facebooktwittergoogle_plusredditpinterestlinkedinmailby feather
facebooktwitterby feather

Comments are closed.

  • Stories Just Posted

    Superior woman killed in head on collision

    April 17th, 2015
    by

    On Thursday, April 16, 2015 at about 6:10 p.m. a two vehicle collision occurred on US 60, milepost 228.2 east […]


    Pastor’s Corner: Back in His Loving Arms

    April 13th, 2015
    by

    The prophet Isaiah spoke these words in chapter 59, “Surely the arm of the Lord is not too short to save, nor His ear too dull to hear.  But your


    Little League Opening Day set for April 20th

    April 13th, 2015
    by

    Superior Little League has announced that the annual season opening day parade is set for Monday, April 20, 2015.


    Warrior Hikers visit Superior

    April 13th, 2015
    by

    Over the weekend, the Superior VFW assisted the Warrior Hike organization.


  • Stories Just For You

    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 […]


    Couple who held daughters captive in Pima County now facing Pinal County charges

    February 5th, 2014
    by

    A couple accused of keeping the wife’s three daughters captive in Pima County are now facing added charges in Pinal […]


  • Facebook

  • [Advertisement.]
  • Arizona Headlines & Current Weather