Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
October 25, 2016
October 25, 2016

Looks like overall we are seeing an increase in inventory and for the 2nd week in a row less homes under contract…..not by huge numbers, but noticeable.
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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 17,469.  
An increase since last week.    We are seeing an average supply rate of just under 2 3/4 months.  
The current number of pending sales are 5,539.  A decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 3,454.  A decrease since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 3,215 active listings.  Just over a 2 2/5 month supply.   An increase since as last week.

Search #2 - West, Far SW & Far NW Valley

Total of 4,441 active listings.   2 1/3 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 713 Active listings.   About a 5 1/4 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 3,903 active listings. Just under a 2 1/5 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 963 active listings.  Just over a 3 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 820 active listings.  Just under a 15 3/4 month supply.  An increase since last week.

Search #7 - Scottsdale (Under 1 Million)

Total of 1,308 active listings.  Just under a 3 3/5 month supply.  An increase  since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 322 active listings.  About a 13 2/5 month supply.  A slight increase  since last week.     

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

Total of 164 active listings.   Just over a 2 3/5 month supply.  A slight increase as last week.     

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

Total of 41 active listings.  Just over a 2 1/2 month supply.   An increase since last week.    

Search #11 -  Vacant Land (All Residential Lots)

Total of 7,454 active listings.  Total of 297 pending listings.  Total of 223 closed listings last month.   Just over a 33 2/5 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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