Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
February 28, 2017
February 28, 2017

Hope you are having a great week so far…..can’t believe we are already seeing March 1st tomorrow!  The market has been really active this year, prices pushing up and multiple offers are common.  Lots of move up Buyers selling their homes and buying new ones, which is also bringing a lot more contingency offers into place.

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 16,226. 
A decrease since last week.    We are seeing an average supply rate of just under 3 1/3 months. 
The current number of pending sales are 6,347.  An increase since last week. 
The current number of pending listings that are "under contract-accepting back-up offers", are 4,004.  An increase since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 3,024 active listings.  Just under a 3 month supply.   A slight increase since as last week.

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

Total of 4,141 active listings.  Just under a 2 3/4 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 802 Active listings.   Just over a 9 month supply.  A slight 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 3,226 active listings. Just under a 2 2/5 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 823 active listings.  Just over a 3 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 1,000 active listings.  Just over a 20 month supply.  A slight increase since last week.

Search #7 - Scottsdale (Under 1 Million)

Total of 1,339 active listings.  Just under a 4 1/2 month supply.  A slight decrease  since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 384 active listings.  Just over a 17 1/2 month supply.  A decrease  since last week.    

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

Total of 130 active listings.   Just over a  2 1/4 month supply.  A slight decrease since last week.    

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

Total of 42 active listings.  Just over a 3 1/2 month supply.  A slight increase since last week.       

Search #11 -  Vacant Land (All Residential Lots)

Total of 7,000 active listings.  Total of 397 pending listings.  Total of 233 closed listings last month.   Just over a 30 month supply.  A slight 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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