Maricopa Real Estate Stats
Updated April '11

The Maricopa Arizona real estate market currently provides buyers with some of the best bargains in the Phoenix metro area. Many people find that these bargain prices are well worth the drive.

One thing to look at as far as Maricopa real estate market trends is the price that houses are actually selling for as compared to how much they are listed for. Looks like the sellers in Maricopa have been pricing their homes very realistically for the past two years. Prices had been steadily rising until this past quarter when we saw what I think is just a "hiccup." I still contend that we are at the bottom of a bell shaped curve and prices have reached the bottom and are bouncing around down there.

Another important factor in looking at the Maricopa Arizona real estate market is how long homes were on the market when they actually did sell. This is called days on market and is referred to as DOM.

The final way I like to evaluate what is happening with Maricopa real estate market trends is by showing how many homes have sold versus how many are currently listed at any given time. I also like to throw in how many homes are pending sale as well as how many new listings that there are.

Prices really are holding steady instead of falling the way they were. It is so refreshing to see good news with the Maricopa real estate stats! Are we seeing a change in the local market? I have always said that we will see things happen in the outlying areas first. Another outlying area seeing positive change is Queen Creek. In fact, look what is happening in Gilbert and  Chandler which are not outlying areas!