By Brian Petersheim | InMaricopa
Phew! I thought 2022 would never get here.
The median home price in Maricopa at the beginning of 2021 was $290,335 and at the end of calendar 2021, the median list price was $413,990, which translates to a growth far above the norm for any type of asset. Please keep in mind the comparison is of listing price, not sales price.
Historically, a “normal” real estate market, with the ebbs and flows, has generally appreciated approximately 4% per year, according to experts. The past decade that number has easily been over the 4% but nothing along the lines of 2021.