Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
March 13, 2012

March 13, 2012    

     
 
Hope you are having a great week so far….the market continues to be incredibly fast paced.  Lots of multiple offers on everything.  If you are not getting activity on your listing drop the price just a bit until you have buyers lining up at the door to see it!  Or, if you are not in a hurry hold out for now.  If you are thinking of listing your home, you may want to wait a month or two to see if the prices continue a steady hike up.  Another suggestion, list at 5-10% over current market and see what types of offers come in.

 Short sales are getting just as much activity as any other listings and are receiving lots of multiple offers and back-ups.  There is a far better success rate with approvals too!

 If you’re going to get in the game, this is the time, prices are starting to go up!

 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 11,848.

A decrease since last week.    

We are seeing an average supply rate of less than 1 3/4 months.

The current number of pending sales are 10,926.  A decrease since last week. 

The current number of pending listings that are “active with contingencies”, are 6,833.  A decrease since last week. 

  

           Search #1 – Phoenix (City of Phoenix) 

 

·         Total of 1,876 active listings.  About a 1 1/3 month supply.   A decrease since last week.

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

·         Total of 3,317 active listings.  About a 1 3/4 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 613 active listings.  About a 5 1/2 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 2,169 active listings.  Under a 1 1/3 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 546 active listings.  About a 1 1/2 month supply.  A 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 601 active listings.  About 25 month supply.  An slight increase since last week. 

 

Search #7 – Scottsdale (Under 1 Million)

 

·         Total of 1,095 active listings.  Just under a 3 month supply.  A decrease since last week.   

 

Search #8 – Paradise Valley (Over 1 Million)

 

·         Total of 284 active listings.  About a 10 1/2 month supply.  A decrease since last week.     

 

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

 

·         Total of 1,027 active listings.  Just under a 3/5 month supply.  A decrease since last week.    

 

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

 

·         Total of 227 active listings.   Less than 2 week 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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