McCormick Ranch homes sales were average this past month. In this sellers market, a fresh new supply of inventory would be very helpful to keep the momentum going as we continue on in 2020.
Do you hear that homeowners? Now is a great time to get your property listed, viewed, and sold in the McCormick Ranch real estate market. What are you waiting for? Call me and let’s discuss your options!
Home sales in McCormick Ranch totaled 30 closings this past month. That is 20 less than the previous month. With only 1+ months worth of houses for consumers to choose from, you can bet buyers and investors will start to look elsewhere in Scottsdale if they do not find what they need here. Now is the time sellers…get your house on the market!
With only 78 houses available, buyers should be prepared to act fast when they find a McCormick Ranch home that meets their needs. Any delay could cost them an opportunity to own that property. It really is that simple right now!
Stay with me as we deep dive into this market and what home sales in McCormick Ranch looked like this past month and where they are likely headed in the near future.
McCormick Ranch Homes Sales
With 30 McCormick Ranch homes sales, this market was an average start to the year. As a comparison, during the same time frame last year, there were 35 closings. The average number of homes sales in McCormick Ranch (per month) over the past 12 months was 50 properties exchanging hands. There are still deals to be had which should be an incentive for buyers and investors to get out and preview the available inventory in this market.
The average days on market for home sales in McCormick Ranch this past month was 76 days (from listing to closing). That is only 2 days slower than the 12-month average of 74 days. As a comparison, it took 65 days to close homes (on average) during this time-frame last year. Quick closures are always a testament to both motivated buyers and sellers.
The average sales price came in at $468K+. That is $35K below the previous month but $12K more than the 12-month average. Homes in all price points have a good opportunity to be seen and sold in the McCormick Ranch real estate market right now, especially if they are market priced and well maintained!
When buyers and investors find a home they want, they are making decent offers giving sellers an incentive to negotiate and sell their property. What they are not doing is overpaying in this market right now, despite the shortage of inventory.
How can both buyers and sellers gain an advantage in the current McCormick Ranch Real Estate market? Employ the services of a local McCormick Ranch Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
McCormick Ranch Real Estate Market
Currently, the McCormick Ranch AZ real estate market favors sellers with 2+ months of available inventory (62 homes) to choose from. To review the home sales in McCormick Ranch this past month as well as other closing information, check out the following statistics:
- Average Sales Price: $468,242
- Number of Monthly Sales: 30
- Average Days-On-Market: 76
- Highest Priced Sale: $850,000
- Lowest Priced Sale: $115,000
- Highest Priced Listing: $2,699,000
- Lowest Priced Listing: $115,000
- Largest Home on the Market: 6,376 sq ft
- Smallest Home on the Market: 520 sq ft
This is a good real estate market to be part of for buyers, investors, and sellers. Do not delay or you may miss out on the home of your dreams in McCormick Ranch, Scottsdale AZ!
Find McCormick Ranch Homes for Sale
For a complete list of the available real estate in McCormick Ranch, search all the available McCormick Ranch homes for sale. As always, subscribe to my newsletter so you don’t miss out on any McCormick Ranch home deals!
Call me at (480) 707-8347 to find out how much your McCormick Ranch home is worth or so we can discuss your specific housing needs. I know this market incredibly well and can assist with all your McCormick Ranch residential real estate needs.