Home values in Queen Creek, Arizona October 2015

Home values in Queen Creek, Arizona October 2015

Real Estate market data for Queen Creek Arizona provided by John Ferrin of HomeSmart Realty

Home values in Queen Creek, Arizona

Queen Creek Arizona Real Estate Report Summary October 2015

In October, there were 198 new listings that came on the market in Queen Creek, AZ.  This is up nearly 35% from October of last year. Out of all of the homes that were on the market in Queen Creek in October, 135 of them closed escrow. This is an increase of 43.6% over October of 2014.

What does all this mean?  This means that the number of homes for sale on the market in queen Creek has greatly increased. This is actually good news.

As a seller, if you were to list your house now, you would have more competition than say, 6 months ago, but higher inventory levels actually creates more of a balanced market. The downside however, is that buyer interest has slacked off a bit.

As a buyer this is good news because, you have more options and more of a selection to choose from.

During the month of October, there were 427 active listings in Queen Creek.  The homes that did sell, spent an average of 86 days on market and closed for 96.7% of the original list price.

Home values in Queen Creek, Arizona have increased over the course of the last 12 months. The average list price in October 2015 for a home for sale in Queen Creek Arizona was $290,588. This is an increase of 19.5% over this same time period last year. The average sold price for homes for sale in Queen Creek Arizona was $284,512 which is also an increase of 19.5% from where prices were the same time last year.

It is important to note, that these are averages. Your specific home in your specific neighborhood may have different results. Interested in the value of your home? Click HERE to find out the current market value of your home.

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To learn more about home values in Queen Creek Arizona, or to find out what your home is worth in today's market, email me or call me or text me at 480-458-7399