Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
February 6, 2012

February 6, 2012    


Looks like this market is just getting more & more busy as the inventory continues to dwindle.  Wow, we are under 14,000 SFR listings.  Hopefully we will start to see a rise in available properties.

The buyers who are in this market are experiencing mostly competitive bidding and many properties selling close to or at listing price…..many selling over list price. 


Don’t be deceived by the information this week.  While you see an increase in market time almost across the board…...there continues to be an increase in pending and contracts that are active with contingencies (typically short sales).   What does that mean?  Well….possibly the fall out from the holidays when approvals slowed down and foreclosures were on a halt.  Surely things will catch up.  As it sits at face value the number of properties that are under contract total MORE than the properties that are available.  At the moment by 2,557 homes!


If you are still sitting on the fence about when to buy, I recommend you at least consider having me set up a website for you.  This way you can track the area you want and to get a feel for the activity and pricing as we progress through this amazing time in real estate.


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 13,580.

A decrease since last week.    

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

The current number of pending sales are 9,727.  An increase since last week. 

The current number of pending listings that are “active with contingencies”, are 6,410.  An increase since last week. 


           Search #1 – Phoenix (City of Phoenix


·         Total of 2,251 active listings.  About a 1 1/2 month supply.   An increase since last week.

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

·         Total of 3,998 active listings.  About a 2 1/2 month supply.  An 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 645 active listings.  About a 7 1/2 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 2,553 active listings.  Under a 1 4/5 month supply.  An 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 688 active listings.  About a 2 1/5 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 617 active listings.  About 21 1/4 month supply.  A slight decrease since last week. 


Search #7 – Scottsdale (Under 1 Million)


·         Total of 1,167 active listings.  Just under a 4 month supply.  An increase since last week.   


Search #8 – Paradise Valley (Over 1 Million)


·         Total of 300 active listings.  About a 13 month supply.  An increase since last week.     


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


·         Total of 1,520 active listings.  A 1 month supply.  An  increase since last week.    


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


·         Total of 335 active listings.   A 3/4 month 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.


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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