market insights • 2q21
TRANSCRIPT
PINAL MARKET REPORT
L A N D A D V I S O R S . C O M
7.2%Pinal County Unemployment Rate
78.9%New Home Permits Up
5.7%New Home Closings Up
$356,248Median New Home Price
M A R K E T I N S I G H T S • 2 Q 2 1
MARKET INSIGHTSPINAL COUNTY MARKET REPORT2Q21
ANNUALIZED NEW HOME PERMITS
Sources: (1) Home Builders Association of Central Arizona (2) The Cromford Report
8,468
Jun 2020
4,73378.9%
ANNUALIZED NEW HOME CLOSINGS
MEDIAN NEW HOME PRICE
Jun 2021
4,988
Jun 2020
4,717Jun 2021
$356,248
Jun 2020
$334,000Jun 2021 6.7%
30 Year Fixed Mortgage RateSingle Family Permits
12 Month Homebuilder Ranking by Closings
12 Month Homebuilder Ranking by Permits
$250,000 $348,000
MEDIAN SALE PRICE
▲39.2%Jun 2021Jun 2020
9,508 10,711
SF CLOSED SALES LAST 12 MONTHS
▲12.7%Jun 2021Jun 2020
0.9 Mo 0.6 Mo
MONTHS OF INVENTORY
▼-0.3 MoJun 2021Jun 2020
AVG DAYS ON MARKETJun 2021Jun 2020
56 Days 24 Days▼-32 Days
PINAL COUNTY HOUSING TRENDS1
MLS RESALE STATISTICS2
5.7%
MARKET INSIGHTS
78.9%
PINAL COUNTY MARKET REPORT2Q21
Sources: (3) Arizona Office of Economic Opportunity*Seasonally Adjusted
60.1
PINAL
58.2 2,948
ARIZONA
2,805
PINAL
EMPLOYMENT CHANGE
3.3%
ARIZONA
5.1%
7.2%
PINAL
10.3%
ARIZONA
Annualized Employment Change* Annualized Employment Change*
Change in Employment Pinal Jobs Recovered Since August
▼-3.1%
6.8%10.8%▼-4.0%
UNEMPLOYMENT RATE
TOTAL NONFARM EMPLOYMENT (in thousands)
▲3.3% ▲5.1%
Population Growth & Total Population
YOY Change in Employment By Sector
Pinal County Land Transactions Annual Volume
ECONOMIC TRENDS3
Jun 2020 Jun 2021 Jun 2020 Jun 2021
Jun 2020 Jun 2021 Jun 2020 Jun 2021
The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it.
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Kirk McCarville | [email protected] Davis | [email protected] W. Kortsen Road, Suite 203, Casa Grande, Arizona 85122Phone: 520.836.8801 | Fax: 520.421.9694
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