Verrado Real Estate And Housing Market Update

Posted by Doug Young on Tuesday, January 29th, 2013 at 6:43pm

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Community of Verrado in Buckeye, AZVerrado home sales continue to be a little on the slow, however inventory levels have climbed a little over the last couple weeks with 74 active Verrado homes for sale (including those under contract but accepting back up offers), with 4 short sales and now 3 bank owned homes.  There are currently 23 pending homes in Verrado, with 8 being new home construction.  Overall, new construction home activity remains brisk, as activity from the Verrado Open House weekend appeared very strong.

In addition, there have been 45 Verrado homes sold over the last 90 days, with an average closed price of $267,375; which was 99% of the asking price and 72 cummulative days on market.   Of this 23 were Verrado real estate resales and 22 were new construction homes.  When looking at only resale Verrado homes, the average price was $249,991 (98% of asking price), with an average size of 2679 sq ft; resulting in an average of $95.39 per sq ft.   The average size is down, but price per square foot is up which is typically of smaller square footage.  The average days on market for these Verrado resale homes was 58 days.  

If you are looking to purchase a home in Verrado, especially if you are interested in new construction, be sure to contact us first.  It is very important to have your own representation when working with a home builder.  Utilize us as your local Realtors of choice in when purchasing in Verrado.

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