Let’s get right into our Gainey Ranch update for September 2019.
Currently there are 23 active listings and seven properties under contract. For the active and pending listings, the average days on market are 104 and 151 respectively. The lowest priced active listing is a $289,900 condo at the Courts. The highest priced listing is located in Vaquero Drive and is being offered at $2,499,999.
Sales activity has been strong the past three months so let’s take a look at some recent stats:
There have been 23 sales over the past quarter ranging in price from $265,000 to $2,950,000. The average days on market for the closed sales was 111 and the average sold price per square foot was $321. As with the rest of Scottsdale, the upper end of the market is a bit more soft while the lower end is moving more quickly. Here is a quick visual about supply versus demand in the 85258 zip code.
In conclusion, we expect sales to continue at the current pace. In the winter, activity should increase more because winter visitors will return. Visit the GRCA to find out more about the Gainey Ranch community. We hope you enjoyed our Gainey Ranch update | Sept 2019. If you have a real estate question, please reach out any time.
