Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
April 1, 2011
April 1, 2011         
 
Wow, last months sales were really great for single family homes!  There were 8,255 units SOLD!!!  That is almost 34% of the active units on the market.  Folks we have EXCEEDED the sales for March of 2005 when there were 8,099 units sold.  While the TV, radio & other sources of news are telling you how BAD it is out there....don't be fooled.  I would suggest you are on the flip side of the inflated market.  These homes are selling like hotcakes and they should be as values are a fraction of what they were.  If you can buy in this market or know someone who should be buying, this is the time.  I would be happy to set up a website for you anytime so you can follow the areas that interest you.  Even if you have no intention of buying or selling....if you own property you should let me set you up with a site.  Knowledge is power and if you are up on what is really happening you will be able to follow and see the trends as they are coming at you. 
 
Interestingly the number of active listings remain somewhat stable at only a decrease of less than 1%.  Because of increased sales the average market time has finally dipped below 3 months again!  That has been a long time coming.  The real quandary to me is:  Why aren't the prices starting to go up?  Good question and I get that asked frequently.  It is really difficult to answer that because I don't think anyone really knows.  However, the majority of the market is being controlled by the banks either because they own the properties or they are being asked to approve the short sale of properties.  The banks have the corner on the market currently as far as I can tell, so I would assess only the banks could answer that question for us.....
 
On the bright side of things.....Maricopa, Coconino, and Pinal counties were removed from the distressed market list which means that 3% down is back for Conventional loans.  This assists us with condos as well which are not easy to get financing.  You can contact Josh Heape (602-330-6446) with Castle & Cooke LLC for more details on this exciting news! 
 
 
Don't hesitate to call if I can be of service & have a great weekend ! 
 
 
 
 
                
 
 
 
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 24,435.
A decrease since last week.    
We are seeing an average supply rate of about 3 months.
The current number of pending sales are 11,214.  A slight decrease since last week
The current number of pending listings that are “active with contingencies”, are 6,042.  A slight increase since last week
  
                 Search #1 – Phoenix (City of Phoenix) 
 

·         Total of 5,408 active listings.  About a 2 3/4 month supply.   A decrease since last week.

 

 

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

 

·         Total of 7,117 active listings.  About a 2 3/4 month supply.   A 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  792 active listings.  About a 5 1/4 month supply.  A 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 5,454 active listings.  About2 3/5 month supply.  A 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 1,138 active listings.  About a 2 month supply.  A 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 677 active listings.  About a 14 month supply.  A decrease  since last week

 

Search #7Scottsdale (Under 1 Million)

 

·         Total of 1,658 active listings.  About a 1/4 month supply.  A decrease  since last week.   

 

Search #8Paradise Valley (Over 1 Million)

 

·         Total of 340 active listings.  About 11 1/3 month supply.  A decrease since last week.     

 

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

 

·         Total of 5,836 active listings.  About a 2 1/3 months supply.  A decrease since last week.   

 

 

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

 

·         Total of 1,440 active listings.  About a 1 3/5 months supply.   A 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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