Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
August 19, 2011

August 19, 2011          

 

Market is still moving at a fast pace.  The number of homes under contract are easily keeping up with the number of active listings.  Listings are slowly coming in, but get picked up fairly quickly. 

 

Rates are still at historically low levels.  That said, if your home value is within market range and your rate is over 6%, you should probably consider looking at refinancing depending on how far you are into your current mortgage.  If you need a good reference I would recommend Josh Heape with Castle & Cooke at 602-334-6446 or Jeff Hoffman with On Q Financial at 602-499-7771.  I am seeing people getting rates in the 3’s & 4’s right now. 

 

Another suggestion is if you have a home equity line that has a rate that is driven by the market and it is super low right now you may want to get it into a fixed rate.   These rates are being kept low and who knows for how long; if they go up quickly you may not miss this opportune time if you can take advantage of it.

 

Hope you have a fantastic 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 15,596.

decrease since last week.    

We are seeing an average supply rate of about 1 4/5 months.

The current number of pending sales are 10,599.  A slight increase since last week. 

The current number of pending listings that are “active with contingencies”, are 6,851.  A slight increase since last week. 

  

           Search #1 – Phoenix (City of Phoenix

 

·         Total of 3,171 active listings.  About a 1 3/4 month supply.   A slight decrease since last week.

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

·         Total of 4,217 active listings.  Just under a 1 4/5 month supply.   A slight increase 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 523 active listings.  About a 4 1/4 month supply.  A slight increase 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 3,250 active listings.  Just under a 1 3/4 month supply.  A slight increase since last week.    

 

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

 

Search #5 – Southeast Valley  

 

·         Total of 759 active listings.  About a 1 3/4 month supply.  A slight increase  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 489 active listings.  About a 11 3/5 month supply.  A slight decrease  since last week. 

 

Search #7 – Scottsdale (Under 1 Million)

 

·         Total of 1,134 active listings.  About a 3 month supply.  A slight increase  since last week.   

 

Search #8 – Paradise Valley (Over 1 Million)

 

·         Total of 240 active listings.  About a 7 month supply.  A decrease since last week.     

 

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

 

·         Total of 2,774 active listings.  About a 1 2/5 months supply.  A decrease since last week.    

 

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

 

·         Total of  694 active listings.   Less than a 1 months supply.   An increase 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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