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

November 8, 2016

 

We saw about a 5 ½% decrease in sales from September to October and another small increase across the board for the most part for market time. 

 

There is another loan program out there for buyers (Conventional, FHA or VA loans) gifting up to 5% for your down payment!!   

Here is the link:  https://housing.az.gov/finance-authority/home-plus

 

Happy Election Day!!! 

 

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 17,524. 

A slight decrease since last week.    We are seeing an average supply rate of just under 3 months. 

The current number of pending sales are 5,187.  A decrease since last week. 

The current number of pending listings that are "under contract-accepting back-up offers", are 3,399.  A decrease since last week. 

 

Search #1 - Phoenix (City of Phoenix)

 

Total of 3,207 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 4,485 active listings.   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 748 Active listings.   About a 5 4/5 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 3,858 active listings. Just under a 2 1/3 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 983 active listings.  Just over a 3 2/5 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 847 active listings.  Just under a 19 7/10 month supply.  An increase since last week.

 

Search #7 - Scottsdale (Under 1 Million)

 

Total of 1,350 active listings.  Just under a 3 4/5 month supply.  An increase  since last week.

 

Search #8 - Paradise Valley (Over 1 Million)

 

Total of 337 active listings.  Just under a 10 month supply.  A decrease  since last week.    

 

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

 

Total of 165 active listings.   Just over a 2 1/3 month supply.  A decrease as last week.    

 

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

 

Total of 46 active listings.  Just over a 3 4/5 month supply.   A slight increase since last week.   

 

Search #11 -  Vacant Land (All Residential Lots)

 

Total of 7,437 active listings.  Total of 295 pending listings.  Total of 212 closed listings last month.   Just over a 35 month supply.  An increase  since last week.


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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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