Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
October 26, 2011

October 25, 2011          

 

Seems as though the market is not quite as busy.  The inventory remains stagnant with respect the amount of homes in active status.  We are not yet at the end of October, but to give you a feel for where we are so far this month compared to last….

September 2011 closing were 8,095

October 2011 (so far) closings currently total 4,315.

It is expected that there will be many more closings by October 31st, but to match last month we need to almost double the sales we have so far.

  

Enjoy the rest of your week!!

 

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 15,560.

A slight increase since last week.    

We are seeing an average supply rate of just under 2 months.

The current number of pending sales are 9,964.  A slight increase since last week. 

The current number of pending listings that are “active with contingencies”, are 6,594.  A slight decrease since last week. 

  

           Search #1 – Phoenix (City of Phoenix

 

·         Total of 2,893 active listings.  About a 1 3/5 month supply.   A slight increase since last week.

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

·         Total of 4,472 active listings.  Just over a 2 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 624 active listings.  About a 6 month supply.  An 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 3,175 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 747 active listings.  About a 2 1/10 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 525 active listings.  About a 21 month supply.  An increase  since last week. 

 

Search #7 – Scottsdale (Under 1 Million)

 

·         Total of 1,200 active listings.  About a 3 1/3 month supply.  A slight increase  since last week.   

 

Search #8 – Paradise Valley (Over 1 Million)

 

·         Total of 262 active listings.  About a 9 1/3 month supply.  An increase since last week.     

 

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

 

·         Total of 2,189 active listings.  About a 1 month supply.  A slight decrease since last week.    

 

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

 

·         Total of  565 active listings.   Less than a 4 week 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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