Currently there are 1693 active listings showing that inventory is down from Jan 2009. The current absorption rate or supply of homes in Queen Creek is 5.4 months-a decrease from Dec 2008. Pending sales for Feb 2009 are up , which should mean an increase in sold homes for Mar 2009. The number of sold home increased in Feb 2009. The numbers are going in the right direction-Sold and Pending increasing, new listings decreasing.
For the month of Feb 2009
New Listings: 512
Pending Sales: 438
Sold Homes: 316
Queen Creek Real Estate- Listing Status Feb 2009
The average sales price for homes in Queen Creek the month of Feb decreased slightly from $132,145 to $130,675.
Foreclosures and Short Sales in Queen Creek
The number of homes for sale in Queen Creek continue to be dominated by foreclosures and short sales. From a quick glance a the statistics in MLS, of the 1693 active listings, 353 are bank owned/foreclosures and 677 are short sales. There are also a large number of spec homes that are for sale from local builders.
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