Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
March 11, 2013
March 11, 2013

While the number of properties seems stagnant the amount of sales is really rockin’.  It is really such a revolving door right now.  Theoretically there are selling as fast as they are going on the market; at least that meshes with the numbers we are seeing.  There were 813 more single family sales in February than there were in January, which comes out to a 14% increase in closing with 3 fewer days in the month!  A sellers market it continues to be!  Although, with the steady increase in pricing it is also a more fruitful market for owner/occupants who are willing to pay more and investors who are also stretching their budgets.

Just a heads up….I have heard for people who are under water (example: you owe $175,000 on your home and it is worth $125,000)…..well there is some relief coming with a new program that can offer a principal reduction…..YES….that is what I have heard.  Apparently, in 3-6 weeks it should be rolling out.  I am keeping an eye on this and please look at future market updates for more info.  While there have been some programs in place that have not had too much success for many who have tried….this might be more productive.  More on this to come…..

Hope you have a fantastic 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 13,209.
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 9,452.  A slight increase since last week.
The current number of pending listings that are “under contract-accepting back-up offers”, are 3,866.  A slight decrease since last week.
 
           Search #1 – Phoenix (City of Phoenix)
 
•         Total of 2,062 active listings.  Just under a 1 3/5 month supply.   A decrease since last week.
           Search #2 – West, Far SW & Far NW Valley
•         Total of 3,693 active listings.  Just over a 2 1/5 month supply.  A slight 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 607 active listings.  Just less than a 5 1/3 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 2,402 active listings. Just about a 1 3/4 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 1,061 active listings.  Just over a 3 1/2 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 607 active listings.  Less than a 13 3/4 month supply.  A decrease since last week.

Search #7 – Scottsdale (Under 1 Million)

•         Total of 980 active listings.  Just under a 2 4/5 month supply.  A decrease since last week.

Search #8 – Paradise Valley (Over 1 Million)

•         Total of 295 active listings.  Just under an 11 1/3 month supply.  A slight increase since last week.     

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

•         Total of 699 active listings.  Just over a 1 month supply.  A slight decrease since last week.    

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

•         Total of 115 active listings.   Just under a 1 month supply.   A slight 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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