After the extremely strong new home closing numbers in December, January was unable to keep up the pace. Closed new home sales collapsed by 53% to just 602 in Maricopa County. Before we panic, we must remember that this is still up 19% from January 2015 and is in fact the best January closing number since 2013. January is always a poor month for closed transactions on new homes.
Several more builders have started offering homes that are smaller and more affordable, so the median sales price declined from $320,678 in January 2015 to $302,498, a drop of 6%. This is a sign of smaller homes not lower pricing.
Author:Dave Zajdzinski Phone: 480-332-6468 Dated: February 3rd 2016 Views: 107 About Dave: ...
Dave Zajdzinski and the Z TEAM bring over 15 years of real estate experience to home buyers and sellers throughout Arizona. We have helped hundreds of families meet their real estate goals and Dave is consistently ranked one of the top realtors in the Valley. As a Certified Distressed Property Expert, Dave specializes in short sale transactions as well as traditional home sales. The Z TEAM is small enough to be personal throughout your sale yet large enough to handle any need with great detail.
Another S&P/Case-Shiller® Home Price Index® report has been released
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