ARIZONA CITY — The housing market in Arizona has seen a big boom recently, and with the opportunity there, Arizona City has found a way to get in on the action.
During the November Arizona City Chamber of Commerce luncheon last week, the members heard some good numbers for the market in a three-month period, spanning from Aug. 17 to Nov. 17.
According to the market analysis, Arizona City has seen 89 homes sold, with 51 more pending closure. The city has even more opportunities for potential homeowners as well, with 39 properties still on the market.
Nancy Hawkins is the broker at Hawkins & Associates Realty Inc., which has been listing and selling real estate since 2004. She said she is happy with the amount of homes being purchased and sees it as a great opportunity for Arizona City.
“It has been a good market for about the past year and a half or so, and it has stabilized somewhat,” Hawkins said. “We were really increasing prices at a very rapid pace, and they have stayed on the high side, so that enables builders to come in. We are just seeing a lot of increase in homes and sales in general.”
Even with the COVID-19 pandemic stalling many businesses in the state, Hawkins said that her team never slowed down.
“It really never affected us,” Hawkins said. “Business kept on going and people kept on buying. It was really surprising how it did not affect us as much.”
With the average price of the homes sold being just over $250,000, Hawkins believes that this is only going to benefit Arizona City, as the increase in homes and residents means more opportunities in the future for local business and for a more well-rounded community.
“Even right now in Arizona City, you can see where the traffic has doubled, and everything has doubled,” Hawkins said. “We are seeing a few more stores coming in, and with all the companies coming through to Casa Grande, this is a bedroom community to Casa Grande, so it is going to do nothing but increase everywhere. As long as that demand remains, and the jobs stay here, it should be a good forecast for the city.”