AZ House Man’s Market Update
Verrado had 20 closings in the first month of 2018. We saw the lowest priced home close for $268,500 and the highest priced home closed at $507,000. The average sales price for the month of January was $371,868. Verrado still has 47 Pending or Under Contract listings that have deals in the works but have yet to finalize as closings. On top of those, Verrado still has 123 Active Listings waiting for the right buyers to come along. Verrado’s 20 closings in January had an average of 80 days on the market with an average of $148.76 per sq ft. AZ House Man is predicting the Verrado housing market to pick up in pace the closer we get to spring. Spring is historically one of the busiest times of the year for real estate.