One thing this last year did was create a desire in people to get out in nature more. RV and camper sales have soared as people engaged more in the great outdoors desiring more personal space. The same has happened with land and non-HOA subdivisions. People want space and they are willing to pay more for it.
If you want to live in the Maricopa area but don’t want to live in an HOA community, there are a few areas for you to look in. The most popular area and the area with the most homes is called Hidden Valley. It is just south of the casino and offers acreage and different type of housing from MFG homes to custom homes.
Part of the area has its own water company called Thunderbird Farms and other homes are either on a private well, shared well or hauled water. A lot of homes sit on 3.3 acres and have a mountain view and offer privacy you just can’t get in an HOA subdivision. Homes in this area have been gaining in price and there is a lack of inventory in this area too, which is helping to drive prices up.
Currently there are 14 homes available for sale in this area. The range of price is from $79,900 up to $399,900. There are 15 homes under contract waiting to close and the price range for these homes are $217,900 to $379,000. This area could be a good alternative for people that need to buy something under $260,000 or want something more custom. Some of these properties are horse properties and you might see an occasional cow or goat too.
The rest of the Maricopa real estate market still has a painfully low inventory of houses. It is tough to be a buyer right now. There are only 32 available move-in-ready homes in Maricopa and the market is such that the buyer still has to offer over list price and waive some of the appraisal difference in order to get the home. It is not uncommon to see a home sell for 5 to 8% over asking price.
You really need to be strategic with your offers and it is very helpful if you have some extra cash on hand. The price range for single family dwellings in an HOA subdivision for active homes is between $260,000 being the lowest and $650,000 at the highest. As always, whether you are buying or selling a home, use a local Maricopa Realtor.