Casa Grande Market Conditions

How do the average sales prices compare to those in another subdivision? How long is it taking to sell a home in today's market? We have statistical information in easy to read graphs and charts that give you a good idea of what's happening in this market. Click on the links below to access the information. Check often, as this information will be updated monthly.

Supply and Demand FS, UC, Sold
This graph shows 24 months of supply vs. demand. The red bars represent the number of homes for sale. The green bar represents the number of closed sales by month while the blue bar shows the number of “under contract” properties-those that are in escrow. A comparison of March 2009 vs. March 2007 shows a 24% reduction in available listings, a 78% increase in “under contract” or pending home sales, with a 60% increase in the number of properties closed. Clearly, the market is heating up! 

Median Sold Price
Clearly, the Casa Grande median price on sold properties has been declining over the past two years, and foreclosures, REO (bank owned sales) have had a huge impact on neighboring property values, with an average 41% decline in median sales price from March 2007 to March 2009. 

Supply and Demand UC, Sold
This graph shows the dramatic increase in buyer activity over the past two years. Blue bars indicate pending sales in escrow while green bars indicate the number of closed transactions. 

Average Annual Value Increase 1975-2008
This graph shows the average annual appreciation from 1975 through 2008, state by state. Arizona real estate has appreciated an average of 6.04% per year in the last 33 years. The chart to the left of the nation’s map indicated an average of 40.41% increase in real estate value from 2003 to 2008.