East Valley Real Estate
Phone: 480-620-6064    Fax: 480-983-5780

Home sales in the greater Phoenix area rose 7.3% in March compared to the year prior, driven by a record number of absentee buyers. We have been saying that “one man’s junk is another man’s treasure”. Well what we perceive as a bad market the rest of the world taking as an opportunity to buy greatly undervalued assets such as real estate. Search for Gold Canyon Investment Properties - go to our HOME PAGE

Research firm DataQuick reported 10,352 new and resale home and condo sales during March, up 44.3% from February. An increase in sales is normal between the second and third months of the year, DataQuick said, but Phoenix witnessed a bigger jump than normal this year. 

"On average, Phoenix-area sales have risen about 30% between those two months since 1994, when DataQuick’s complete Phoenix region statistics begin," the firm said in its report. "March’s sales were the highest for that month since 10,712 homes sold in March 2007." 

Home sales less than $100,000 represented 41.2% of all transactions during the month, which hurt home prices over all. The median sale price declined for the ninth consecutive month to $119,000. 

Absentee buyers accounted for almost half (47.1%) of all home sales in the Phoenix metro area in March, "the highest level for any month in more than a decade," DataQuick said. That is up from 46.1% in February and 39.8% in March 2010. Absentee buyers paid a median $99,220 per home. 

Distressed property sales heavily outweighed other property sales, with foreclosure resales representing 53.1% of sales and short sales representing 12.5% of sales.

The median sale price of a new home in Phoenix hit $180,505 in March, down 6% from one year prior. Resale condos priced at a median $78,000, down 17% from March 2010 according to DataQuick. Approximately 1,300 condos were sold in March. Peralta Trails AZ, Mesa custom homes, Entrada Del Oro Homes Gold Canyon AZ, homes for sale in Gold Canyon AZ, Gold Canyon Apache Junction, Gold Canyon Dinosaur Mountain, Las Sendas foreclosures, Las Sendas homes, Las Sendas short sales, Las Sendas properties Gold Canyon foreclosures and homes for sale in Gold Canyon obviously would be among these sales as well. We typically work exclusively with buyers, investors, and out of state investors or relocations. We understand the concepts of discounted cash flow analyses and will not recommend any properties to our clients unless the meet or exceed their targeted IRR requirements. If you are looking for a home in Gold Canyon Apache Junction AZ, Peralta Trails, Entrada Del Oro, you have come to the best site. 

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Cactus Mountain Properties, LLC
P.O. Box 765 • Apache Junction, AZ 85117
Phone: 480-620-6064 • Fax: 480-983-5780