In February, active listings in Gainey Ranch were on the rise. Let’s take a look at the market activity for March of 2025. As of April 19, there are 31 active listings. Just like the rest of Scottsdale and the Phoenix metro area, active listings in Gainey Ranch have increased greatly. The active listings have been on the market for an average of 93 days and the average list price per square foot is $572.
There are 13 pending sales and from March 1 to March 31, there were 8 sales ranging in price from $450,000 to $3.5M. Here are some stats for the recently closed sales:
- Average days on market: 115
- Average sold price per square foot: $581
- Average sold price: $1,455,375
- Average list to sale price ratio: .95
Over the last 45 days, the days on market has risen, the sold price per square foot has fallen and the average list to sale price ratio has fallen–all indicative of the way the market is heading. The 85258 zip code is still experiencing a very weak seller’s market which is almost identical to a flat market. With uncertainty in the markets and interest rates still at or close to 7%, sales activity is likely going to slow down.
