A Look At First-Quarter Real Estate Statistics

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A quick look at first quarter real estate statistics for Rim Country and it is evident sales were flatter than a pancake. Even in Pine-Strawberry, where sales had seen a slight uptick in recent months, things were static.

Here is a brief breakdown of area statistics.

Payson-Star Valley

For the first quarter of 2013, Payson and Star Valley reported 76 home sales, which is the same amount that sold in the first quarter of 2012.

The average selling price was $181,100 with an average of 172 days on the market. Compared with the first quarter of 2012, when 76 homes also sold, the average selling price was $174,100.

Total value of all homes sold in the first quarter in 2013 was $14.6 million. First quarter 2012 saw transactions worth $13.2 million. In the first quarter, homes sold an average of 5 percent below their listed price.

There are currently 251 homes on the market in Payson-Star Valley. This is less than the first quarter of 2012 when there were 260 homes on the market.

Low inventory is rapidly driving prices higher in some areas of the Phoenix metro market, however, we have not seen a comparable run up in prices in Payson-Star Valley.

Pine-Strawberry

The number of homes sold here decreased ever so slightly over the first quarter of 2012. Eighteen homes were sold in the first quarter of this year compared to 19 in last year’s first quarter. The total amount of sales was $3.2 million. The average sales price was $180,300 compared to $125,000 in first quarter 2012. Average days on the market were 151 and homes sold at an average of 3 percent below their listed price.

Pine-Strawberry currently has 79 homes on the market, which is slightly up from 76 at this time last year.

The statistics presented above are derived from information reported to the Central Arizona Board of Realtors and does not include unreported sales or “for sale by owner” transactions.

Ray Pugel is a designated broker with Coldwell Banker Bishop Realty. Contact him at (928) 474-2216.

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