Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
February 8, 2016
February 8, 2016

Wow, significant increase in overall market time since last month.  With January total SFR closings at 4,238 total sales (down from 5,510 total SFR sales for December).  That increased our average supply rate up by a full month.  So….if you are feeling like we have had a bump in listings and sales slowed down last month….you would be right on!
With tax season coming up and the weather so beautiful that might be the reason we are seeing an increase in optimistic sellers putting their homes up.  On the flip side, hopefully Buyers are looking to take advantage of these circumstances and well and jump into the market!  Seeing that the number of pending sales are significantly higher, I would say it looks like February could be a great month!

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 18,091.
A slight increase since last week.    
We are seeing an average supply rate of just over 4 1/4 months.
The current number of pending sales are 5,237  An increase since last week.
The current number of pending listings that are “under contract-accepting back-up offers”, are 2,323  An increase since last week.
 
           Search #1 – Phoenix (City of Phoenix)  
•         Total of 3,058 active listings.  Just over a 3 month supply.   A slight decrease since last week.
           Search #2 – West, Far SW & Far NW Valley
•         Total of 4,551 active listings.  Just over a 3 3/4 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 874 Active listings. Just under a 9 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 3,976 active listings. About a 3 1/2 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 1,165 active listings.  Just under a 5 month supply.  A slight 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 916 active listings.  Just under a 23 month supply.  A decrease since last week.

Search #7 – Scottsdale (Under 1 Million)

•         Total of 1,507 active listings.  Just under a 6 1/2 month supply.  An increase  since last week.

Search #8 – Paradise Valley (Over 1 Million)

•         Total of 396 active listings.  Just under an 19 month supply.  An increase  since last week.     

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

•         Total of 222 active listings.  About a 2 1/2 month supply.  An increase since last week.    

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

•         Total of 38 active listings.  Just over a 2 1/2 month supply.   An increase since last week.    

Search #11 –  Vacant Land (All Residential Lots)

•         Total of 7,283 active listings.  Total of 276 pending listings.  Total of 171 closed listings last month.   Just over a 42 3/5 month 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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