What is going on in the Queen Creek/San Tan Valley market?
2015
| Status | Listings | Sold Volume | List Price | Sold Price | Approx SQFT | Sold Price Per Approx SQFT | Cumulative Days On Market | |
| Overall | 133 | 37,471,299 | Low Avg High |
117,000 287,547 669,000 |
125,000 281,739 650,000 |
1,218 2,531 5,417 |
58.46 112.13 184.65 |
0 85 665 |
2014
| Status | Listings | Sold Volume | List Price | Sold Price | Approx SQFT | Sold Price Per Approx SQFT | Cumulative Days On Market | |
| Overall | 89 | 21,776,769 | Low Avg High |
109,999 250,879 549,900 |
105,000 244,683 549,900 |
1,050 2,405 4,280 |
54.27 103.69 192.41 |
2 101 497 |
2015
| Status | Listings | Sold Volume | List Price | Sold Price | Approx SQFT | Sold Price Per Approx SQFT | Cumulative Days On Market | |
| Overall | 163 | 29,797,030 | Low Avg High |
64,800 185,501 439,000 |
50,000 182,804 430,000 |
1,064 2,009 3,927 |
34.34 93.28 187.27 |
0 69 491 |
2014
| Status | Listings | Sold Volume | List Price | Sold Price | Approx SQFT | Sold Price Per Approx SQFT | Cumulative Days On Market | |
| Overall | 162 | 27,942,543 | Low Avg High |
54,900 175,638 374,900 |
49,500 172,485 376,000 |
160 2,030 4,140 |
34.09 92.73 593.75 |
0 87 528 |
As you can see from the chart Queen Creek is doing significantly better than October of last year. The number of homes sold has grown as well as the average dollar per square foot. Also keep in mind that this data is from the MLS and does not include new construction. If we look at San Tan Valley the sales are pretty flat from October of 14 and 15 with only one more sold. The average price per square foot has gone up less than one dollar compared to Queen Creek at $8.44 per square foot. What does it all mean? It’s really hard to say what direction the market will go. In my humble opinion, I would say that San Tan Valley will see continued slow growth until the infrastructure has time to catch up. I think with all the new jobs and business’s coming to Queen Creek they will continue to see more rapid appreciation. I can tell you for certain the one market that doesn’t ever slow down is single level homes with a pool under $200k. If you have any market questions or observations please reach out and give me a call.
