Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
May 3, 2012

May 3, 2012    

   

The market is continuing strong & steady at being unpredictable!  Turning into a very tough and frustrating market if you are a buyer……

…..Sellers if you are considering listing…give me a call!!!  This is a great time to be set up with a site that can keep you updated in real time as to what homes are selling for in your neighborhood.  Typically sellers have a baseline in mind as to what they would want for their home to make it worth selling.  Even if the market does not seem close to that number in your mind right now…things are changing quickly and possibilities may lie ahead for you that you are not aware of.  Having yourself connected to the market that you care about will be your greatest asset.

 

I hope you are having a great week!!!  Thank you so much for allowing me to reach out to you week after week with what is happening in our real estate market. 

Exciting & exhausting times lie ahead!!!

 

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 10,077.

A decrease since last week.    

We are seeing an average supply rate of less than 1 1/5 months.

The current number of pending sales are 10,673.  A decrease since last week. (Expected with end of month closings)

The current number of pending listings that are “active with contingencies”, are 6,733.  A slight decrease since last week. 

  

           Search #1 – Phoenix (City of Phoenix) 

 

·         Total of 1,572 active listings.  Less than a month supply.   A decrease since last week.

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

·         Total of 2,693 active listings.  About a 1 1/4 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 540 active listings.  About a 3 4/5 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 1,729 active listings.  Less than a 1 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 462 active listings.  About a 1 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 560 active listings.  About 12 month supply.  A decrease since last week. 

 

Search #7 – Scottsdale (Under 1 Million)

 

·         Total of 852 active listings.  About a 1 4/5 month supply.  A decrease since last week.   

 

Search #8 – Paradise Valley (Over 1 Million)

 

·         Total of 266 active listings.  About a 5 2/3 month supply.  A decrease since last week.     

 

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

 

·         Total of 740 active listings.  Less than a 2 week supply.  A decrease since last week.    

 

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

 

·         Total of 174 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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