Gold Canyon AZ Homes For Sale
Entrada Del Oro is nestled in the pristine area of Metro Phoenix named Gold Canyon AZ which is one of the most intriguing areas in Phoenix. The Superstition mountain views are unparallel to any other area of phoenix, the golf courses and resorts are plentiful and most residents are actively retired or Baby-boomers on their way to retirement. Are you looking for investment property in AZ or more specifically investment or rental homes in Phoenix? This is the last stand for great deals, especially with prices well below the metro average of $85 per square foot.
Homes for sale in Entrada Del Oro Gold Canyon AZ are selling very close to their list prices which are unlike most parts of the Valley. On average for 2010 homes sold in Entrada Del Oro sold for 98% of list price and in 2011 homes are selling for 97% of list price. Home sales in Entrada Del Oro Gold Canyon AZ sold for an average price of $155,293 and were 2,029 square feet in size. This came out to a sales price of $75 per square foot. There were 39 sales of which only 9 were foreclosures or bank owned homes in Entrada Del Oro which represents about 23% of total sales. This is not surprising since most of the homes purchased where done so with a lot of equity. Homes for sale in Entrada Del Oro Gold Canyon AZ in 2011 have dropped 8% in price to $69 per square foot. The average sales price has been $150,339 and still selling for about 97% of list price. Again bank owned homes or foreclosures in Entrada Del Oro were only 21% of total sales when compared to the Valley is relatively low. The Valley wide average is closer to 45% bank owned homes to traditional sales.
Surprisingly these home prices of $69 per square foot are on relatively new construction and well below the average sales price in the Phoenix Valley of $85 per square foot. Gold Canyon AZ is one of the best kept secrets because these homes are beautiful, the neighborhoods are well maintained and these homes are prices at nearly builder cost. The subdivisions in Gold Canyon have to maintain some lighting rules to allow for the city lights and the views of the sky to be uninterrupted, Again these regulations are safeguards against this area going to seed.
Homes for sale in the zip code 85118 which is the immediate area are selling for an average price of $109 per square foot which is down from $119 in 2010 and $141 in 2009. The days on market are about 170 days which is an increase from last year of 107 days; however, the inventory has greatly reduced from 475 days in 2009 to 178 days in 2011. This inventory is a leading indicator for a real estate market recovery because in order for prices to increase, supply must increase while demand is at least constant or increasing. We know that demand for Arizona real estate is increasing and the foreign investors coming to the valley is on a sharp increase. Canadian investors have done very well in Gold Canyon and other parts of Pinal and Maricopa County.
Are you looking to purchase a home in Apache Junction, Queen Creek, or Gold Canyon AZ? I specialize in selling homes in Peralta Trails AZ, Mesa custom homes, Entrada Del Oro Homes Gold Canyon AZ, homes for sale in Gold Canyon AZ, Gold Canyon Apache Junction, and Gold Canyon Dinosaur Mountain, Las Sendas foreclosures, Las Sendas homes and homes for sale in Gold Canyon. Contact me through this website; I am also a real estate investor and wouldn’t every ask someone to buy a product I wouldn’t buy myself! Contact me today Gary Wheeler, REALTOR.