Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
June 11, 2015
June 11, 2015

Residential Vacant Land Stats will be included from now on and can be found under Search #11.  I will include active, pending & sold with market time as well.
For fun I went back and researched sales for a quick view of where we have been and see if we can assess where we are going:
 
 

Month/Year

Total Residential

Land Sales

January 2014

150

February 2014

200

March 2014

199

April 2014

256

May  2014

204

June 2014

160

July 2014

153

August 2014

155

September 2014

182

October 2014

148

November 2014

149

December 2015

177

January 2015

154

February 2014

223

March 2015

249

April 2015

249

May 2015

250

 

Land sales have been experiencing a lot of market time overall, currently a 29 month supply.  On the bright side there are currently 306 pending sales…so that means we will hopefully see a sales volume consistent with the last few months of this year for this month!  While those numbers may look sort of bleak, they certainly look more consistent and stronger than those in 2014.   So if you have a vacant lot you are not sure what to do with or want to talk about what it may be worth, feel free to give me a call!!

Hope you are having 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 16,375.
A very slight increase since last week.    
We are seeing an average supply rate of just under 2 1/3 months.
The current number of pending sales are 6,715.  A slight increase since last week.
The current number of pending listings that are “under contract-accepting back-up offers”, are 3,581.  A slight increase since last week.
 
           Search #1 – Phoenix (City of Phoenix)  
•         Total of 2,868 active listings.  About a 1 9/10 month supply.   A slight increase since last week.
           Search #2 – West, Far SW & Far NW Valley
•         Total of 3,811 active listings.  Just under a 1 4/5 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 668 Active listings. Just over a 4 month supply.  A slight 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 3,768 active listings. Just over a 2 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 906 active listings.  Just over a 2 9/10 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 748 active listings.  Just over an 12 1/2 month supply.  A slight decrease since last week.

Search #7 – Scottsdale (Under 1 Million)

•         Total of 1,352 active listings.  Just over a 3 1/3 month supply.  A slight decrease  since last week.

Search #8 – Paradise Valley (Over 1 Million)

•         Total of 321 active listings.  About a 6 month supply.  A decrease  since last week.     

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

•         Total of 299 active listings.  About a 1 4/5 month supply.  A slight increase  since last week.    

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

•         Total of 70 active listings.  Just over a 2 1/2 month supply.   No change since last week.    

Search #11 –  Vacant Land (All Residential Lots)

•         Total of 7,223 active listings.  Total of 360 pending listings.  Total of 250 closed listings last month.  About a 29 month supply.  First Report next week we will begin….

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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