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Tagged : Homes In Verrado

Found 2 blog entries tagged as "Homes In Verrado".

Verrado, AZ currently has 88 active homes for sale (including those under contract but accepting back up offers), with 5 short sales and 3 bank owned homes listed.  There are now 38 pending homes in Verrado, with 7 homes being new construction.  Overall, the new construction activity remains brisk, but the numbers continue to show a very strong increase in the resale activity at Verrado.  This is good for the resale market overall and has started to translate into an increase in prices for the resale homes.

When looking at sold homes in Verrado, we find a total of 61 homes sold over the last 90 days, with an average closed price of $256,372; which was 98% of the asking price and 72 cummulative days on market.   This price was about a $10k drop since

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Verrado home sales have continued to be slow, however inventory continues to retract, with only 62 active Verrado homes for sale, with only 2 short sales and now 4 bank owned homes.  There are currently 25 pending homes in Verrado, with 12 of these being new construction.  Overall, new construction remains brisk, which is a good sign as new construction typically leads the market.  In addition, there have been 47 sold Verrado homes over the last 90 days, with an average closed price of $261,692; which was 99% of the asking price.   Of this 31 were Verrado resales and 16 were new construction.  When looking at only resale Verrado homes, the average price was $251,208 (98% of asking price), with an average size of 2790 sq ft; resulting in an average of
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