Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
December 9, 2012
December 9, 2012    

Looking at supply numbers we are back up to the levels we saw at the beginning of this year before the market really started moving and multiple offers slammed us again.  The lowest levels were in the summer as we were under the 10,000 mark.  However, it seems the many, many purchases by investors really cleared out the stagnant inventory and drove prices up considerably over the year.  I would say relative to the overall picture we are still seeing homes prices that are VERY obtainable to buyers.  In the coming year I imagine we should see an even larger increase in owner/occupants again.  Many of the early short sale sellers and homeowners that were foreclosed on should be coming back into the market.  There are loans that allow for them to buy after a couple two or three years depending on circumstances.  As always…..a great time to buy!

Hope you are enjoying your Sunday!

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 14,390.
A slight increase since last week.    
We are seeing an average supply rate of just over 2 months.
The current number of pending sales are 8,215.  A slight decrease since last week.
The current number of pending listings that are “active with contingencies”, are 4,140.  A decrease since last week.
 
           Search #1 – Phoenix (City of Phoenix)
 
•         Total of 2,508 active listings.  Just over a 1 4/5 month supply.   A slight increase since last week.
           Search #2 – West, Far SW & Far NW Valley
•         Total of 4,031 active listings.  Just over a 2 1/3 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 of 569 active listings.  Just less than a 4 3/5 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 2,699 active listings.  Just under a 1 3/4 month supply.  A slight 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 1,105 active listings.  Just over a 3 3/4 month supply.  .  A slight 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 518 active listings.  Less than a 14 4/5 month supply.  A slight decrease since last week.

Search #7 – Scottsdale (Under 1 Million)

•         Total of 1,019 active listings.  Just under a 2 4/5 month supply.  A slight increase since last week.

Search #8 – Paradise Valley (Over 1 Million)

•         Total of 260 active listings.  A 10 month supply.  An increase since last week.     

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

•         Total of 951 active listings.  Just over a 1 1/4 month supply.  A slight increase since last week.    

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

•         Total of 184 active listings.   Almost a 4 week supply.   A slight 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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