Real Estate Market Update for 85118 (Gold Canyon, AZ)
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Welcome to January's Market Update. Let's take a look at residential real-estate activity in your area during the month of January. The number of active listings was up 12% from one year earlier and up 14% from the previous month This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month... was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 71% This higher numbers of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold was consistent year-over-year and Decreased 30% month-over-month Fewer sales may have indicated an opportunity for buyers to negotiate better sales terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 85118 (Gold Canyon, AZ)
Area Information for 85118 (Gold Canyon, AZ)
  • Community Character: Moderate Residential Turnover, Suburb of Mesa
  • Population: 13,064
  • Median Age: 33.11 yr
  • Median Commute Time: 31.45 mins
  • Recycling Likelihood**: 100
  • Sales Tax: 99%
  • Population Density: 92/sq mi
  • Population Change Since 2000: 83%
  • Closest Airport: Phoenix Sky Harbor International
  • Closest College: Arizona State University East
  • Closest Jr. College: Intl Inst Of Americas
  • Median Household Income: $68,292
  • Annual Residential Turnover: 19.96%
  • Median Years in Residence: 2.6 yr
  • Median Home Sales Price: $185,000
  • Closest Major Sports Team: Azl Cubs (r)
  • Change Avg. Household Income Since 2000: 22%
* Scale from 1-5** Index where 100 is the national average
Demographic Data for 85118 (Gold Canyon, AZ)
Median Age: 33.11 Married: 57% Number of Households: 5,943 Households with Children: 1,111
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 85118 (Gold Canyon, AZ)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Sonoran Desert School 7.5 mi Public 9-12 1 0
      Peralta Trail Elementary School 7.8 mi Public K-5 3 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics 2014
      Local Weather for 85118 (Gold Canyon, AZ)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.