Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
March 8, 2011
March  8 , 2011         
 
Lots of property is continuing to move.  Inventory levels are still showing a slight yet steady downward trend.  Being out there showing houses I don't feel much of a difference in the reduction of active listings.  It appears to me there still seems to be lots & lots of good options.  So many that it makes it difficult sometimes because you want to make sure you see all of what is possible.  The homes are more often than not in good shape.
 
Lots of investor buyers and owner occupants.  Nice to see such a good mix of buyers taking advantage of the market.....Investor buyers are leading to more rentals on the market, but this is a very good market to be a landlord.  If you are considering this be sure you have access to the landlord/tenant act.  Or, if you just would like more information, here is the link to it:
 
 
I hope you have a truly fantastic week!!!  Don't hesitate to call if I can be of service.
 
 
 
 
                
 
 
 
Here are your Weekly Inventory Levels
 
Supply numbers are based on the number of closings in the previous month, divided into the total number of active listings today.   
This data is for Single Family Detached homes only and does not include Patio Homes, Condos, or Townhouses .
The total number of single family homes on the market in the Arizona Regional Multiple Listing Service is currently 26,900.
A decrease since last week.    
We are seeing an average supply rate of about 4 1/2 months.
The current number of pending sales are 10,837.  A slight increase since last week
The current number of pending listings that are “active with contingencies”, are 5,830.  A slight increase since last week
  
                 Search #1 – Phoenix (City of Phoenix) 
 

·         Total of 6,064 active listings.  About a 1/5 month supply.   A slight decrease since last week.

 

 

Search #2 – West, Far SW & Far NW Valley

 

·         Total of 7,864 active listings.  About a 4 1/5 month supply.   A slight decrease since last week. 

 

(Cities of: Cordes Lakes, Bumble Bee, Crown King, Wagoner, Yarnell, Date Creek, Constellation, Black Canyon City, Castle Hot Springs, Wickenburg, Aguila, Gladden, Morristown, Circle City, Wittmann, Harquahala, Tonopah, Paloma, Sentinel, Gila Bend, Mobile, Arlington, Hassayampa, Palo Verde, Congress, Peeples Valley, Yarnell, Cleator, Cordes, Glendale, Litchfield Park, Goodyear, Avondale, Tolleson, Cashion, Estrella Mountain Ranch, Laveen, Peoria, Surprise, Sun City, Sun City West, Glendale, El Mirage, Youngtown, New River, Anthem, Buckeye) 

 

Search #3 – Northeast Valley 

 

·         Total of 855 active listings.  About a 9 month supply.  A slight decrease since last week  

 

(Cities of: Rio Verde, Fountain Hills, Sunflower, Camp Creek, Desert Hills, Cave Creek, Carefree, Fort McDowell)

 

Search #4 – East Valley

 

·         Total of 5,974 active listings.  About4 month supply.  A slight decrease since last week.    

 

(Queen Creek, Chandler, Gilbert, Apache Junction, Gold Canyon, Tortilla Flat, Mesa, Tempe, Ahwatukee,Guadalupe, Komatke)

 

Search #5 – Southeast Valley  

 

·         Total of 1,338 active listings.  About a 3 1/2 month supply.  A slight decrease  since last week.

 

(Arizona City, Eloy, Picacho, Toltec, Arizola, Casa Grande, Randolph, Coolidge, Valley Farms, Florence, Johnson Ranch, Sacaton, Bapchule, Stanfield, Maricopa, Ak Chin, Santa Cruz)

 

Search #6 Scottsdale (Over 1 Million)

 

·         Total of 699 active listings.  About a 23 1/3 month supply.  A slight increase  since last week

 

Search #7Scottsdale (Under 1 Million)

 

·         Total of 1,753 active listings.  About a 5 month supply.  A slight decrease  since last week.   

 

Search #8Paradise Valley (Over 1 Million)

 

·         Total of 358 active listings.  About 14 1/3 month supply.  A slight increase since last week.     

 

Search #9 –    50K-100K (Single Family Homes)

 

·         Total of 6,952 active listings.  About a 3 4/5 months supply.  A slight decrease since last week.   

 

 

Search #10 –  Under 50K (Single Family Homes)

 

·         Total of 1,640 active listings.  About a  2 1/4 months supply.   A slight decrease since last week.

If your property is currently listed with a real estate broker or if you are currently working with another real estate agent, please disregard. 

It is not my intention to solicit the offerings of other real estate brokers.  I am happy to work with them and cooperate fully.


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West USA Realty
16150 N Arrowhead Fountain Center Dr. Suite #100 • Peoria, AZ 85382
Mobile: (602) 526-7486 • Fax: (623) 877-5455
Office: (602) 375-3300


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