Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
October 5, 2015
October 5, 2015

BIG changes started TODAY!  This video gives you an overview of the new rules:  
http://members.platinumpromarketing.com/watch_video_new.php?username=ccrofoot&id=6481

Gone are the days of last minute changes to real estate transactions……adding a home warranty…giving seller/buyer a credit, ANY changes to the transaction that will change any of the amounts will now cause a delay as re-disclosure will be required.
This will affect all new contracts dated October 3rd and going forward.
Be sure you are aware of how this can affect your transaction.  Ask early for any changes that will be needed, whether you are the Buyer or Seller.  Be sure to settle any issues of credits or additions that will change any amounts affecting borrower, including price adjustments.  These are for financed deals only…so cash deals won’t be an issue.

I have heard to expect delays are likely….this is something new…so good chance that is probably going to be the case.

Hope you have a wonderful 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 16,802.
A slight increase since last week.    
We are seeing an average supply rate of just under 2 4/5 months.
The current number of pending sales are 5,029.  A slight decrease since last week.
The current number of pending listings that are “under contract-accepting back-up offers”, are 2,778.  A slight decrease since last week.
 
           Search #1 – Phoenix (City of Phoenix)  
•         Total of 3,081 active listings.  Just under a 2 1/3 month supply.   A slight decrease since last week.
           Search #2 – West, Far SW & Far NW Valley
•         Total of 4,031 active listings.  About 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 686 Active listings. Just over an 6 1/2 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 4,043 active listings. Just over a 2 1/2 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 901 active listings.  Just overr a 3 1/2 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 682 active listings.  Just under a 21 1/3 month supply.  An increase since last week.

Search #7 – Scottsdale (Under 1 Million)

•         Total of 1,234 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 275 active listings.  Just under an 10 1/2 month supply.  An increase  since last week.     

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

•         Total of 233 active listings.  Just over a 1 3/4 month supply.  A slight decrease since last week.    

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

•         Total of 63 active listings.  Just over a 2 4/5 month supply.   A slight decrease since last week.    

Search #11 –  Vacant Land (All Residential Lots)

•         Total of 7,186 active listings.  Total of 280 pending listings.  Total of 184 closed listings last month.   Just under a 39 month 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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