market insights • 1q21
TRANSCRIPT
PINAL MARKET REPORT
L A N D A D V I S O R S . C O M
7.1%Pinal County Unemployment Rate
52.7%New Home Permits Up
7.6%New Home Closings Up
$348,290Median New Home Price
M A R K E T I N S I G H T S • 1 Q 2 1
MARKET INSIGHTSPINAL COUNTY MARKET REPORT1Q21
ANNUALIZED NEW HOME PERMITS
Sources: (1) Home Builders Association of Central Arizona (2) The Cromford Report
7,067
Mar 2020
4,62952.7%
ANNUALIZED NEW HOME CLOSINGS
MEDIAN NEW HOME PRICE
Mar 2021
4,926
Mar 2020
4,580Mar 2021
$348,290
Mar 2020
$256,259Mar 2021 35.9%
30 Year Fixed Mortgage RateSingle Family Permits
12 Month Homebuilder Ranking by Closings
Homebuilder Ranking by Permits
$243,800 $310,000
AVG SALE PRICE
▲27.2%Mar 2021Mar 2020
9,790 10,286
SF CLOSED SALES LAST 12 MM
▲5.1%Mar 2021Mar 2020
1.2 mos 0.4 mos
MONTHS OF INVENTORY
▼-0.8 mosMar 2021Mar 2020
AVG DAYS ON MARKETMar 2021Mar 2020
62 days 29 days▼-33 days
PINAL COUNTY HOUSING TRENDS1
MLS RESALE STATISTICS2
7.6%
MARKET INSIGHTS
52.7%
PINAL COUNTY MARKET REPORT1Q21
Sources: (3) Arizona Office of Economic Opportunity*Seasonally Adjusted
176.7
PINAL
161.6 2,901
ARIZONA
2,711
PINAL
EMPLOYMENT CHANGE
9.3%
ARIZONA
7.0%
7.1%
PINAL
12.0%
ARIZONA
Annualized Employment Change* Annualized Employment Change*
Change in Employment Pinal Jobs Recovered Since August
▼-4.9%
6.5%13.4%▼-6.9%
UNEMPLOYMENT RATE
TOTAL NONFARM EMPLOYMENT (in thousands)
▲9.3% ▲7.0%
Population Growth & Total Population
YOY Change in Employment By Sector
Pinal County Land Transactions Annual Volume
ECONOMIC TRENDS3
Apr 2020 Mar 2021 Apr 2020 Mar 2021
Apr 2020 Mar 2021 Apr 2020 Mar 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] W. Kortsen Road, Suite 203, Casa Grande, Arizona 85122Phone: 520.836.8801 | Fax: 520.421.9694
Ben Heglie | [email protected] Wuertz | [email protected] North Scottsdale Road, Suite 3000, Scottsdale, Arizona 85251Phone: 480.483.8100 | Fax: 480.483.0000LandAdvisors.com