Home prices in Pinal remain steady over last quarter

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.

Leave a Reply

  • Latest News

    SR 77 Aravaipa Creek Bridge Replacement Project

    14 hours ago
    by

    The Arizona Department of Transportation is set to begin a construction project this month to replace the Aravaipa Creek Bridge […]


    Pastor’s Corner: Celebrating the Sacrifice of Jesus Christ

    April 15th, 2014
    by

    In John 19:28-30 we read these words:  “Knowing that all was now completed and so that the Scripture would be fulfilled,


    Cross country runner makes stop in Superior to help veterans

    April 15th, 2014
    by

    Anna Judd, a 29-year-old resident of Orange County, has set out on a mission to run across America to raise money and awareness for veterans.


    Superior Little League parade is Monday

    April 15th, 2014
    by

    The Superior Little League will kick off its 2014 Major and Minor Baseball and Softball League seasons with the annual Little League Parade on Monday, April 21.


  • More Stories

    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

  • Directory powered by Business Directory Plugin