Gainey Ranch sales soared in 2020–much like Scottsdale and the rest of the Phoenix metro area.
Here is a rundown of recent sales activity including a recap of 2020. Let’s dig into our Gainey Ranch real estate report for January of 2021.
Currently there are just four actively listed properties–a very low number for the high season, but not surprising given the low inventory around the valley.
The average days on market (ADOM) for the active listings is 63 while the ADOM for pending and under contract properties is 74. Here are some other stats:
In reviewing closed sales going back to January of 2020, there were 107 ranging in price from $279,000 for a 2BR unit at the Courts to a $3,050,000 4855SF home at 7475 E Gainey Ranch RD #2.
For the closed sales, the ADOM was 95 and the average dollars per square foot obtained at sale was $335. The average sale price over the last 13 months was approximately was $752,200 and the average list to sale price ratio was .97–meaning Gainey Ranch sellers negotiated about 3% off the asking price. We do expect this figure to change in the favor of sellers over the next two to three months.
We have clients fleeing cold winter regions like Chicago, New York, Wisconsin and Canada; and with covid lockdowns still in place in other parts of the country, we believe second home markets will thrive in the short-term. If you’re thinking about selling, now is a great time to do so. Thanks for checking out our Gainey Ranch real estate report for January 2021.
If you have questions about the market or a particular property, please reach out anytime.
