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

As I have been saying for the last several weeks inventory is steadily on the rise & things have slowed down.  Now that we are in a new month I can bring you the sales difference from August 2013 to September 2013…..in a quick view…..as I am sure you know I am a chart kind of girl…so here are some quick stats on our slowing trend:
 
 Search Area    Total # of Sales Aug. 2013  
  Total # of Sales 
Sept. 2013 
 Difference#
Homes Sold 
  % Decrease in
# Homes Sold
 #1 Phoenix
 1348 1288 604.45%
 #2 West, Far SW & Far NW
 1796 1606 190 10.6%
 #3 NE Valley
 12493
 3125%
 #4 East Valley
 1572 1361 211 13.4%
 #5 SE Valley
 336 258 78 23%
 #6
 Scottsdale >1M
  47
38
 9 19%
 #7 Scottsdale <1M
 349 310 39 11%
 #8 Paradise Valley
 29 29 0 0%
 #9 
 ALL SFR 50K-100K  387 372  15 4%
 #10 ALL SFR >50K 70 53 17 24%
  
See below for detailed cities within the search areas, as always these searches are for Single Family Homes Only

I definitely think it is worth repeating from last report…if you are considering selling…..now would be a good time to test the waters.  I think things are going sort of flat.  Possibly a bit of a dip?  No one has a crystal ball, but there is no denying the trends we are seeing.  You should keep in mind our rebounding market was loaded with cash buyers and the likelihood that many sellers will be taking a hit to sell their homes is probably NOT likely!  I am guessing that will keep things moving at the pace they have been.  Even if we see any sort of dip, I don’t imagine it would be much or for too long of an extended period of time.

Hope you are having 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 16,811.
An increase since last week.    
We are seeing an average supply rate of just over 2 3/5 months.
The current number of pending sales are 5,705.  A decrease since last week.
The current number of pending listings that are “under contract-accepting back-up offers”, are 2,540.  A decrease since last week.
 
           Search #1 – Phoenix (City of Phoenix)
 
•         Total of 3,287 active listings.  Just over a 2 2/5 month supply.   An increase since last week.
           Search #2 – West, Far SW & Far NW Valley
•         Total of 4,382 active listings.  Just over a 2 1/2 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 592 active listings.  Just over a 6 1/3 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 3,747 active listings. Just under a 2 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 1,102 active listings.  Just under a 4 1/4 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 523 active listings.  Just over a 13 3/4 month supply.  An increase since last week.

Search #7 – Scottsdale (Under 1 Million)

•         Total of 1,146 active listings.  Just over a 3 7/10 month supply.  An increase since last week.

Search #8 – Paradise Valley (Over 1 Million)

•         Total of 259 active listings.  Just under a 9 month supply.  An increase since last week.     

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

•         Total of 650 active listings.  Just over a 1 3/4 month supply.  An increase since last week.    

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

•         Total of 87 active listings.   Just over a 1 3/5 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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