November 17, 2024 9:12 am
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Home prices up in Pinal County

According to the latest report from the W.P. Carey School of Business at Arizona State University, home prices in central Arizona are back on the rise after a short lull earlier this year. / Adam Gaub/Maricopa Montior
According to the latest report from the W.P. Carey School of Business at Arizona State University, home prices in central Arizona are back on the rise after a short lull earlier this year. / Adam Gaub/Maricopa Montior

KVOA-TV

Home prices in Pinal County are going up. The average sale price for a residential property in Pinal County rose 22.5 percent in the first quarter of 2013 compared to the same period last year.

While there were only 1,568 homes sold in the first three months of this year versus 2,104 in the first quarter of 2012, the average sale price went from $126,170 one year ago to $154,616 for the most recent three month period ending March 31st. The average square footage remained relatively similar at 1,945 for 2013 and 1,970 in 2012.

County Assessor Douglas Wolf said, “This dramatic recovery in prices is a welcome relief to homeowners who have been more used to seeing a decline in values.”

“While it is difficult to make predictions too far into the future, our region appears to be experiencing a recovery in the housing market and a pickup in the pace of new construction,” added Mr. Wolf.

Continued: http://www.kvoa.com/news/home-prices-up-in-pinal-county/

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