Pinal housing market looking good for 2017

A for sale sign is posted Monday in front of a home in Ironwood Commons in Casa Grande./ Oscar Perez/PinalCentral

By Kevin Reagan | Pinal Central

Last year was good for Casa Grande’s housing market and may put the city on a positive path for 2017.

According to data collected by The Cromford Report, which studies real estate trends in Maricopa and Pinal counties, the average price per square-foot in Casa Grande grew by 6.8 percent over the last year.

Tina Tamboer, a senior real estate analyst for Cromford, said the local market balanced during 2016 with its housing supply shrinking and demand increasing.

She estimated the city’s home sales grew by about 15 percent and its housing supply decreased by 10 percent, making the market more competitive for buyers.

Continued:

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