Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
January 27, 2012

January 27, 2012          

 

Lots of activity as the market continues to move like hot cakes for many homes.  Especially the under 100K market.  I would say we have easily seen the under 100K active listings shrink by about 50% over the last 6 months.  The average time for these listing to stay on the market is only a few weeks.  If you are in the market as a buyer you will be seeing lots of multiple offers.  For many it is actually not an easy task to purchase a home because they do sell so quickly.  If you are sitting on the fence it would probably be a good time to jump in!

 

I 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 14,188.

A slight increase since last week.    

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

The current number of pending sales are 9,499.  An increase since last week. 

The current number of pending listings that are “active with contingencies”, are 6,232.  An increase since last week. 

  

           Search #1 – Phoenix (City of Phoenix

 

·         Total of 2,361 active listings.  About a 1 1/2 month supply.   A decrease since last week.

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

·         Total of 4,231 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 649 active listings.  About a 5 1/2 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 2,751 active listings.  Under a 1 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 748 active listings.  About a 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 600 active listings.  About 21 1/2 month supply.  An increase since last week. 

 

Search #7 – Scottsdale (Under 1 Million)

 

·         Total of 1,176 active listings.  Just over a 3 1/4 month supply.  An increase since last week.   

 

Search #8 – Paradise Valley (Over 1 Million)

 

·         Total of 271 active listings.  About 8 1/2 month supply.  A slight increase since last week.     

 

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

 

·         Total of 1,660 active listings.  A 4/5 month supply.  A decrease since last week.    

 

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

 

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.

·         Total of 383 active listings.   A 3/4 month supply.   A decrease since last week.   


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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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