Casa Grande Market Conditions

Casa Grande Market Conditions

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Casa Grande Market Conditions

How do the average sales prices compare to those in another subdivision? How long is it taking to sell a home in today's market? How do you know which realty group you should work with? We have statistical information in easy to read graphs and charts that give you a good idea of what's happening in this market. Click on the links below to access the information. Check often, as this information will be updated monthly.  


Months Supply of Inventory

We've created this simple chart to show how many months of inventory we have in Casa Grande in various price points. The numbers on the left hand side of the chart represent the price range of homes on the market. The numbers across the bottom represent the month's supply of inventory.

In each price point we list the number of months it will take to sell all the active listings in that price point, assuming no more new listings come on the market.  For example, in the price range above $250,000 we have an unhealthy 11 months of inventory, which translates into a buyers market.  However, in the price points below $200,000 we have a very healthy and active seller's market with less than 3 months supply of inventory.  


Click here to view full size.

Supply and Demand FS, UC, Sold
This graph shows 12 months of supply vs. demand. The red bars represent the number of homes for sale. The green bar represents the number of closed sales by month while the blue bar shows the number of “under contract” properties-those that are in escrow. A comparison of June 2011 vs. June 2013 shows a 21.1 % decrease in available listings.

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Median Price
The Casa Grande median price on sold properties had been declining during 2009-2011, and foreclosures, REO (bank owned sales) have had a huge impact on neighboring property values. The good news is over the past few months, this loss of value has been leveling off and over the last year we are now seeing an 56.4% increase in the median price on homes sold compared to 2011.

 

 

 

Contact Information

Yost Realty Group
RE/MAX Casa Grande
317 E. Cottonwood Lane, Suite C
Casa Grande AZ 85122
520-836-1717
Fax: 520-836-1177

Each RE/MAX Office Independently Owned and Operated