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

Clearly seeing a bit of a jump in inventory.  Average market time overall is now over 2 month.  I would attribute the strong & steady increase in prices for the reason we are seeing more homes on the market and less properties closing.  It is a very friendly arena for Sellers, while buyers are struggling in many cases to get an offer accepted still.  i would guess the majority of buyers are still cash investors as many homes sell at or above full list price.  

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 12,773.
An increase since last week.    
We are seeing an average supply rate of just over 2 2/5 months.
The current number of pending sales are 8,668.  A decrease since last week.
The current number of pending listings that are “active with contingencies”, are 5,280.  A decrease since last week.
 
           Search #1 – Phoenix (City of Phoenix)
 
•         Total of 2,208 active listings.  Just over a 1 3/5 month supply.   An increase since last week.
           Search #2 – West, Far SW & Far NW Valley
•         Total of 3,356 active listings.  Just over a 2 month supply.  An 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 of 506 active listings.  Just less than a 4 3/4 month supply.  An increase 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 2,488 active listings.  Just over a 1 3/4 month supply.  An increase since last week.     

(Queen Creek, Chandler, Gilbert, Apache Junction, Gold Canyon, Tortilla Flat, Mesa, Tempe, Ahwatukee,Guadalupe, Komatke)

Search #5 – Southeast Valley   

•         Total of 868 active listings.  Just over a 3 3/5 month supply.  .  An 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 461 active listings.  Less than a 16 month supply.  An increase since last week.

Search #7 – Scottsdale (Under 1 Million)

•         Total of 917 active listings.  Just over a 2 3/4 month supply.  An decrease since last week.   

Search #8 – Paradise Valley (Over 1 Million)

•         Total of 240 active listings.  Just over an 9 3/5 month supply.  A decrease since last week.     

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

•         Total of 802 active listings.  Just under a 1 month supply.  An increase since last week.    

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

•         Total of 163 active listings.   Just over a 3 week supply.   An increase 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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