Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
February 24, 2012

February 24, 2012    

     

Wow…it is like the wild west out there.  As the inventory dwindles the multiple offers are getting to what I would describe as somewhat of a frenzy, especially in the >150K price range.  The list prices of properties don’t seem to be gaining much speed, but I would say they are starting to edge forward.  Buyers are paying over list price in a lot of cases, I just put one under contract that had 12 offers on it.  Not so easy to buy a house if you ask anyone who is seriously looking.  Most buyers write several offer before they get a home.  Several, like 5-10 offers, is not unusual.

 

Note the under 100K market, it is virtually drained!  At this point it only makes up about 12% of the total inventory and the market time is quite short.  That is truly amazing to me.  Only 6 months ago the inventory was twice that!!

 

Also, I am working with a new buyer group that purchases suburban homes and will pay cash.  Short sales, bank owned, traditional sales…..If you have a listing you need to sell or a property that you are considering selling, send me the information, they buy and close deals!!!  I can get you an answer same day and if it fits the parameters, I can get you an OFFER same day!  Some general guidelines:  1980 or newer, 3+ bedrooms, in an HOA, no pool….ANY part of town!!

 

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 12,892.

A decrease since last week.    

We are seeing an average supply rate of less than 2 months.

The current number of pending sales are 10,645.  An increase since last week. 

The current number of pending listings that are “active with contingencies”, are 6,708.  An increase since last week. 

  

           Search #1 – Phoenix (City of Phoenix) 

 

·         Total of 2,089 active listings.  About a 1 1/2 month supply.   A decrease since last week.

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

·         Total of 3,743 active listings.  About a 2 1/3 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 640 active listings.  About a 7 2/5 month supply.  A 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 2,388 active listings.  Under a 1 3/4 month supply.  A slight 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 629 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 609 active listings.  About 21 3/4 month supply.  A slight decrease since last week. 

 

Search #7 – Scottsdale (Under 1 Million)

 

·         Total of 1,131 active listings.  Just under a 3 4/5 month supply.  A slight decrease since last week.   

 

Search #8 – Paradise Valley (Over 1 Million)

 

·         Total of 293 active listings.  About a 12 3/4 month supply.  A decrease since last week.     

 

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

 

·         Total of 1,294 active listings.  Just under a 4/5 month supply.  A decrease since last week.    

 

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

 

·         Total of 284 active listings.   A 3/5 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.


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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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