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April 27, 2022 Market Update

Wednesday, April 27, 2022   /   by Bryan Baylon

April 27, 2022 Market Update

The permit counts have been published by the Census Bureau for March 2022. The Maricopa and Pinal county single-family count for March was 3,841. This is a massive total suggesting that supply of new single-family homes will be increased in coming months. It is the largest total since May 2006.

Ranked the number of dwelling units, here are the top 10 cities:

  1. Phoenix 463
  2. Avondale 417
  3. Unincorporated Maricopa County 392
  4. Unincorporated Pinal County 387
  5. Surprise 349
  6. Buckeye 343
  7. Queen Creek 221
  8. Mesa 211
  9. Goodyear 202
  10. Maricopa 170

It is interesting to note that almost 800 homes are to be built in areas that are unincorporated.

It is also fascinating to see how few homes are being built in large established cities that until a few years ago were major centers for home construction. These include Chandler (38), Gilbert (114), Scottsdale (85), Peoria (61), Glendale (35) and Tempe (13).

Market incites provided by the Cromford report.
Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085

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