The needle just won’t move on the number of available subdivision homes however the number of homes under contract fell by 10% over the last couple of weeks. 317 homes are once again listed on the MLS this week, listed at an average of $96.10 per square foot, 187 homes are currently under contract down from 210 just two weeks ago but sales did not disappoint as 78 homes sold over the last 14 days, selling at an average of $86.02 per square foot and bringing our YTD numbers now to 1,271 homes sold at an average of $86.55 per square foot. By comparison through the same time period last year, 1,163 homes had sold at an average of $77.71 per square foot so the Maricopa residential market is currently tracking up 9.3% in terms of homes sold and 11.4% in terms of the average sold price per square foot. Here’s an interesting comparison, since the first of the year 3,442 homes have sold in Chandler at an average of $147.02 per square foot, so Maricopa not only offers newer homes, newer subdivisions, and an expanding infrastructure, homes in Maricopa are selling on average for 41% less than homes just 20 minutes north.
Speaking of expanding infrastructure, there is a lot going on in Maricopa at the moment. Big 5 is building in front of Walmart with plans to open before the Holidays;