AZBigMedia
For the first time, the single-family resale price of a home in Maricopa County was more than $300,000, ending at $308,000 in May, according to Fletcher R. Wilcox, vice president Grand Canyon Title and author of The Wilcox Report.
Wilcox said the reason for the record sale price is demand fueled by population and job growth. Maricopa County was the No. 1 county for its population increase in 2018, according to the U.S. Census Bureau. Companies are moving to Maricopa County to seek employees because of its population growth. People are moving to Maricopa County because they see companies moving here. It is a momentum playing off each other, and I see this continuing. Both people and jobs will continue to fuel the demand to own a home.
There were 7,562 sales of single-family resales in May. This is the highest number of sales since June 2011 when there were 7,790.
