Gold Canyon, AZ
Real Estate

An In-Depth Look at Gold Canyon Condos

The current real estate market for condos/townhomes/patio homes in Gold Canyon, as of April 22, 2025, shows intriguing trends worth noting.

• The total number of active listings has risen to 13 over the past month, a small increase from 5 listings six months ago, indicating growing interest in the Gold Canyon area as inventory levels gain momentum. The months of inventory now stands at 4.3, suggesting supply is moderately steady and allows for a more balanced market environment as opposed to the 2.1 months of inventory reported six months ago.

• In terms of pricing, the average sold price has surged to $511,667 in the past 30 days, a marked increase from the average of $406,667 noted just a year ago. This trend demonstrates not only recovery from prior dips but also hints at a thriving demand for homes in the area.

• Conversely, the average price per square foot for sold homes currently rests at $276. This marks a decrease from the $290 seen six months ago, hinting that while overall prices may be rising, competition is forcing some sellers to lower expectations on price per square foot as buyers seek value.

• Furthermore, the days on market (DOM) for sold properties is sitting at 37 days, which is notably quicker than the 106 days reported a year ago. This reduction in DOM indicates that buyers are likely acting more decisively, contributing to a faster-paced market and reinforcing the current strength in demand.

• On the pending side, the average price has also risen, present at $431,833, demonstrating that properties currently under contract are selling for a healthy amount above their original list price, indicating confidence among buyers in pursuing properties they've chosen.

In summary, Gold Canyon's condos/townhomes/patio homes market shows signs of health and stability with moderate increases in inventory and strong sales figures. While there are fluctuations in prices per square foot, the overall market trajectory suggests optimism for both buyers and sellers, presenting favorable conditions for engaging in real estate transactions.

An In-Depth Look at Gold Canyon Land

The land market in Gold Canyon, as of April 22, 2025, reflects both persistent high inventory levels and slowing sold prices, indicating notable trends for both buyers and sellers.

Currently, the number of active listings has climbed to 99 over the past month, a slight increase from 94 three months ago, highlighting a growing selection for potential buyers. However, this uptick in inventory contrasts sharply with the average sold prices, which have dropped from $361,700 three months ago to $194,286. This decrease suggests that sellers may need to adjust their expectations, as buyers are potentially more selective or negotiating lower prices amid the present market conditions.

Furthermore, the Days on Market (DOM) for active listings remains lengthy at 521 days, a marginal reduction from the previous period of 531 days. This prolonged market time indicates that while inventory is available, properties are taking longer to sell, which may deter some sellers from entering the market without the right pricing strategies.

Moreover, the months of inventory sit at 27.0, reinforcing the notion of a balanced market where the length of time it would take to sell current inventory indicates neither a high urgency nor an extreme shortage. Ideally, this level provides buyers with time to consider their options but may require sellers to remain patient.

Looking back over six months, it is clear that trends are evolving. The average sold price has decreased significantly from higher points, reflecting a cooling in the market. The interplay between inventory levels, DOM, and pricing suggests that while potential deals may be available, both parties in the transaction would benefit from careful research and strategic positioning. As market dynamics unfold, adjusting strategies based on these metrics will be crucial for achieving favorable outcomes.