Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
June 8, 2012 (3)

June 8, 2012   

Appears to be an sharp increase of bank owned properties hitting the market that I have seen.  Specifically HUD homes.  My observation of these listings is they continue to come out onto the market way under priced and probably the best deals around.  In comparison to traditional sales and short sales which seem to be consistently coming out at about 15-20% over market.  The other bank owned properties (including those owned by fannie mae and freddie mac) seem to finally be pricing out more in line with the market.
 
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 9,934.

A slight increase since last week.   

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

The current number of pending sales are 10,459.  A slight increase since last week.

The current number of pending listings that are “active with contingencies”, are 6,592.  A slight decrease since last week.
 
           Search #1 – Phoenix (City of Phoenix)

·         Total of 1,575 active listings.  About a 1 month supply.   A slight increase since last week.

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

·         Total of 2,569 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 of486 active listings.  About a 3 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 1,731 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 475 active listings.  Just less than 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 502 active listings.  About an 9 month supply.  A decrease since last week.

Search #7 – Scottsdale (Under 1 Million)

 ·         Total of 827 active listings.  About a 1 3/5 month supply.  A slight decrease since last week.  

 Search #8 – Paradise Valley (Over 1 Million)

 ·         Total of 251 active listings.  Less than a 7 month supply.  An increase since last week.    

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

 ·         Total of 653 active listings.  Less than a 2 week supply.  A decrease since last week.   

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

 ·         Total of 152 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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