Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
May 17, 2011
May  17, 2011          
 
We are really seeing a consistently busy market.  Less inventory and more properties in escrow.  If you are out in the market looking you know there are a lot of multiple offers and houses moving from active to pending before you have had a chance to decide if you really want to see it or not.
 
List prices for bank properties continue to come on to the market at amazingly low prices, but they are getting swept up and selling for at or over list price more often than not.  Good strategy: look for homes a little less than what you want to spend that way you have room to come up over list price if need be.  With the amount of inventory declining and the foreclosures seeming to still be so high I am wondering if the idea is to create this buyer frenzy, which I know I am seeing.  Then, as inventory shrinks begin raising the prices and the rates may follow suit as well.  We all were stunned at the prices and activity during the inflated market....I don't see this market as being any different than that one now, except of course the prices are completely on the flip side of inflated.
 
If you are serious about finding a home or looking at picking up an investment property you are in the prime time to do it.
 
 
 
 
 
Don't hesitate to call if I can be of service &  or answer any questions! 
 
 
 
 
                
 
 
 
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 20,164.
A decrease since last week.    
We are seeing an average supply rate of about 1/2 months.
The current number of pending sales are 12,325.  Aincrease since last week
The current number of pending listings that are “active with contingencies”, are 6,867.  Aincrease since last week
  
                 Search #1 – Phoenix (City of Phoenix) 
 

·         Total of 4,357 active listings.  About a 1/4 month supply.   A decrease since last week.

 

 

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

 

·         Total of 5,721 active listings.  About a 2 1/4 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 646 active listings.  About a 5 1/5 month supply.  An 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 4,326 active listings.  About1/5 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 960 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 626 active listings.  About a 12 1/2 month supply.  A decrease  since last week

 

Search #7Scottsdale (Under 1 Million)

 

·         Total of 1,432 active listings.  About a 3 1/5 month supply.  A decrease  since last week.   

 

Search #8Paradise Valley (Over 1 Million)

 

·         Total of 298 active listings.  About 8 month supply.  A decrease since last week.     

 

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

 

·         Total of 4,432 active listings.  About a 1 4/5 months supply.  A decrease since last week.   

 

 

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

 

·         Total of 1,114 active listings.  About a 1/3 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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