Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
January 4, 2017
January 4, 2017

We really had a great 2016 in Real Estate and from most of what is being reported in the news we should be expecting an even greater market for Phoenix this year!
Our inventory is running low and has decreased market time across the board!

Here is a recap of what 2016 brought & trend of the robust market we are in:
Month in 2016      # of Closed Sales of Single Family Homes
   January                   4235
   February                 4708
   March                     6902
   April                        6956
   May                         7371
   June                         7507
   July                          6481
   August                     6645
   September               6284
   October                   5947
   November               5692
   December               5898

If you are ready to start the process of looking for a new home or putting yours on the market, I would love the opportunity to get together with you and start the process!!

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 16,004.  
A decrease since last week.    We are seeing an average supply rate of just under 2 3/4 months.  
The current number of pending sales are 4,167.  A decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 2,521.  A decrease since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 2,830 active listings.  Just under a 2 2/5 month supply.   A slight decrease since as last week.

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

Total of 4,238 active listings.   About 2 4/5 month supply.  A slight decrease 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 731 Active listings.   About 5 3/4 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 3,327 active listings. Just over a 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 934 active listings.  Just over a 2 4/5 month supply.   A 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 878 active listings.  Just under a 15 2/5 month supply.  A decrease since last week.

Search #7 - Scottsdale (Under 1 Million)

Total of 1,229 active listings.  Just over a 3 3/4 month supply.  A decrease  since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 337 active listings.  Just over a 12 1/2 month supply.  A decrease  since last week.     

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

Total of 140 active listings.   A 2 month supply.  A decrease since last week.     

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

Total of 38 active listings.  Just under a 2 3/4 month supply.   A decrease since last week.    

Search #11 -  Vacant Land (All Residential Lots)

Total of 7,387 active listings.  Total of 302 pending listings.  Total of 221 closed listings last month.   Just over a 33 2/5 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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