With 2020 well under way, it’s time for our Gainey Ranch market update for January 2020.
Let’s get to it.
There are currently 19 active listings in Gainey Ranch–we expected to see a spike in listing as this is the “hot season” for selling. There are eight pending sales and since December 1, 2019, there have been ten sales.
Now let’s look more closely at the numbers.
The active listings have been on market 96 days while the pending sales have been on market about 113. For closed sales, the average days on market was 110. For a month-to-month comparison, you can view our December report here.
To see how Gainey Ranch real estate compares to the rest of 85258, here is a market summary:
The average dollars per square foot obtained at sale since 12/1/2019 was $292 and the sale to list price ratio was .98. Overall, we are seeing a continued drop in inventory across the county. There seems to be ample inventory in Gainey Ranch, but if sales pick up, that could change.
We expect to see strong sales activity for the next few months. If you’re interested in reading about macro real estate trends for the greater Phoenix metro area, check out our company blog.
Thanks for checking out our Gainey Ranch market update for January 2020. If you have any real estate questions, reach out anytime–we are here to help.
