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Maricopa real estate market ‘competitive’

Posted by   /  January 13, 2020  /  No Comments

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Homestead home construction / InMaricopa

By Brian Petersheim | InMaricopa

In 2019, the city of Maricopa real estate market finally came to a stable point. For the past 10 years we have been seeing nearly double-digit growth year after year with an average increase of 9.2% per year. Historically, a “normal” real estate market, with the ebbs and flows, has generally appreciated 4% per year, according to experts.

This year’s growth falls below that number. The median home price in Maricopa at the beginning of 2019 was $231,215, and at the end of 2019, the median price was $236,501, a growth of 2.3% over the year.

Of the homes sold in 2019, a large percentage sold during the summer months, when schools are out.

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  • Published: 7 months ago on January 13, 2020
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  • Last Modified: January 13, 2020 @ 9:59 am
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