2017 was a good year for the Gainey Ranch real estate market–there were 94 sales across the 18 communities–the lowest sale was a 2br/1ba condo at the Courts for $182,500 and the highest sale was a 6565SF home in Vaquero Drive which sold for $1,966,250. Let’s take a look at the Gainey Ranch 2018 market outlook and a January review of recent activity.
There have been seven sales in January 2018 ranging in price from $260k to $1,262,500 for a home in North Meadow II. The average days on market for the recent sales was 101 days–the average sold price per square foot was $273 and the sold to list price ratio was .95 or 95% of list price–this is fairly typical not only for Gainey Ranch but homes in 85258 ranging in price from $400K to $1M.
From a macro view, this is how the Median Price has changed in the 85258 zip code over the past three months (see top line in purple):
This is how the Average Days on Market have changed in 85258 versus the rest of Maricopa County:
Gainey Ranch is really it’s own microcosm of a market, but it can be useful to look at the broader picture. Our outlook for 2018 is bullish despite many factors which could affect the economy–North Korea/Russia, recent stock market dip, federal reserve actions, etc–these all can greatly affect market conditions. We expect the market in Gainey Ranch to remain strong in terms of sales throughout 2018 though we may see the total number fall a bit. If you or someone you know would like to buy or sell a home in Gainey Ranch, we’d be honored to help–please contact us day or night.
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