Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
June 14, 2012

June 14, 2012   

Looks like the Southeast Valley had a little sharp increase in inventory; that I imagine will quickly get bought up.  Prices continue to go up and inventory continues to be low. 

The market continues to hold about 2/3 of the listings under contract and only a 1/3
active.   However, if you are in the market buying currently; you know about 1/2
of the homes that say they are active are really either under contract (not yet
put into pending/awc category) or they have multiple offers.  And......when I
say multiple offers sometimes there are 5 and sometimes there 25........NO; i am
not exagerating!

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 9,990. A slight 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 10,694.  A slight increase since last week.

The current number of pending listings that are “active with contingencies”,
are
6,613.  A slight increase since last week.

           Search #1 – Phoenix (City of Phoenix)

         Total of 1,536 active listings.  Less than a 1 month supply.   A slight increase since last week.

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

·         Total of 2,585 active listings.  About a 1 1/5 month supply.  A slight 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 of482 active listings.  About a 3 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 1,758 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 523 active listings.  Less than a 1 1/2 month supply.  .  A big 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 499 active listings.  About an 9 month supply.  A decrease since last week.


    Search #7 –    Scottsdale (Under 1 Million)

         Total of 824 active listings.  About a 1 3/5 month supply.  A slight decrease since last week.  

      Search #8 – Paradise Valley (Over 1 Million)

         Total of 256 active listings.  Just over a 7 month supply.  An increase since last week.    


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

 
    Total of 647 active listings.  Less than a 2 week supply.  A decrease since last week.   

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

         Total of 153 active listings.   About a 2 week 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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