Home Prices increase by double digits in 2013

2/12/2014

FLORENCE, AZ – The average purchase price for a single family residence in Pinal County was $168,123 in 2013, an increase of 17 percent over 2012. The median value for last year went up 18 percent from 2012, to $149,000. The average size for a home sold in each year was very similar at 1,986 square feet in 2012 and 1,981 square feet in 2013.

While prices rose, the volume of transactions was almost identical at 8,267 sales in 2012 and 8,247 for 2013. The top sale in the county was a 4,200 square foot home in the Superstitions Mountain community, which sold for $1,100,000 in March of last year.

“The strong recovery in prices has increased the market value for most homeowners,” stated Assessor Douglas Wolf. “It will also be reflected in the 2015 property valuation notices, which will be mailed out next week.”

For more information about the Assessor’s Office or the Notice of Value mailing and the appeal process, please visit pinalcountyaz.org/assessor.
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