Rancho El Dorado Maricopa Posts 10% Decrease in Property Listings

The Rancho El Dorado neighborhood in Maricopa, AZ posted a total of 402 actively listed homes for sale in 2015 through the end of October. At 79 residences for sale the 120,000-139,999 price category saw one of the highest numbers of properties. When compared to the same period last year, which showed 447 residences for sale, Rancho El Dorado had a 10.1% decrease in the total inventory of active residential listings, a net reduction of 45 residential homes. The year-to-date average active list price showed a rise of 7.2% compared to this time period one year ago, rising to $179,375. Houses for sale are taking less time to sell this year on average. Compared to the same reporting period during 2014, the average days on market for active for sale properties in Rancho El Dorado was 83 days, a decline of 3.5%.

Home Sales Report 8% Rise. As of October 2015, Rancho El Dorado reported a total of 236 house sales year to date, and the average sales price of $164,503 gained 5.9% above the average price of $155,338 from this reporting period last year. The total amount of sold residential listings in Rancho El Dorado reported an 8.3% increase compared to the same reporting period a year ago, which posted 218 homes sold, a year-to-year net gain of 18 completed sales. At 55 properties sold year to date, the 120,000-139,999 price bracket reported one of the largest numbers of closed sales transactions.

Sam Lawmaster is a Maricopa REALTOR who specializes in residential listings. Info supplied by ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most recent Rancho El Dorado real estate market info or to obtain a complimentary evaluation of your current property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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