Friday, April 1, 2022 / by Bryan Baylon
There are a number of different techniques for measuring how hot the market is right now. All of them report that it is pretty toasty.
One of our favorites is the average percentage of the sales price compared with final list price. Here is a ranking of many the cities and towns within Maricopa and Pinal according to that measure at the end of the first quarter. The numbers are for single-family detached homes only:
Cave Creek and Chandler are stand-outs by this measure at the moment. Scottsdale and Fountain Hills are much higher in this table than we normally see, as evidenced by the numbers from 2 years ago, as the COVID-19 pandemic started to dominate proceedings. Only Gold Canyon and Paradise Valley are still seeing their average homes sell for less than list price.
Market incites provided by the Cromford report.