Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
January 4, 2013
January 4, 2013

Hope your new year is starting off great!
Probably the biggest news is the MORTGAGE RELIEF ACT was extended for another year.  I would imagine that will have the effect of sellers feeling comfortable to keep pursuing successful short sales of their properties & more attempting the process.
Many of the short sale approvals I see coming in are wanting more money from buyers as prices continue to rise strong & steady.
There are still many multiple offers on properties, but with the higher prices more owner/occupants are jumping in to the pictures as fewer large investor buyers are buying.
Have a great week!

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 13,872.
A slight decrease since last week.    
We are seeing an average supply rate of just under 2 months.
The current number of pending sales are 7,069.  A decrease since last week.
The current number of pending listings that are “active with contingencies”, are 3,390.  A decrease since last week.
 
           Search #1 – Phoenix (City of Phoenix)
 
•         Total of 2,330 active listings.  Just over a 1 3/5 month supply.   A decrease since last week.
           Search #2 – West, Far SW & Far NW Valley
•         Total of 3,917 active listings.  Just over a 2 1/5 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 566 active listings.  Just less than a 5 1/4 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 2,632 active listings.  Just under a 1 3/5 month supply.  A slight 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 1,114 active listings.  Just over a 4 3/5 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 514 active listings.  Less than a 12 1/2 month supply.  A decrease since last week.

Search #7 – Scottsdale (Under 1 Million)

•         Total of 977 active listings.  Just under a 2 3/4 month supply.  A decrease since last week.

Search #8 – Paradise Valley (Over 1 Million)

•         Total of 255 active listings.  A 7 month supply.  A decrease since last week.     

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

•         Total of 954 active listings.  Just over a 1 2/5 month supply.  A decrease since last week.    

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

•         Total of 155 active listings.   About a 3 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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