Queen Creek AZ Real Estate-Market Statistics May 2008
Current Listings: 1705
New Listings: 519
Pending Sales: 425
Sold Listings: 408
Average sales price continues to decline for homes in Queen Creek, home prices fell 5% from April to May 2008. The news is not all bad, however, the number of sold homes is increasing and new listings are decreasing. The current absorbtion rate or inventory of homes is now at 4.17 months, which indicates a shift in the market. With the prices dropping-there are again multiple offers on many homes.
Full time Realtor serving Phoenix, AZ specializing in the East Valley cities of Gilbert, Tempe, Queen Creek, Chandler, Maricopa and Phoenix
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That's great to hear. I have a listing in Queen Creek that I need to sell. So that's sounds like some good news to me. Keep up the great reports.
@Ulises- there are a lot of investors and Canadian buyers that are buying QC properties as well as first time home buyers- they can get back in the market- I just listed a short sale in Florence-oasis at Magic Ranch for $75K- the next post. Good luck on your listing- and I will keep the reports coming
Excellent post! Are you seeing more people from Washington (state) moving into your area?
@Leolinda- I have had some people on my website from Washington- but that is about it- are you seeing people from Washington?