Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
April 5, 2017
April 5, 2017

WOW!! Seeing tons of sales closed last month! March had 7,628 closings and that is up 37% from February which had 5,534 closings!
Along with that we are seeing increasing pricing and an even more diminished inventory…..taking a look back over the last 7 years here is how the approximate number of active single family homes has changed for the month of March for each respective year:
 
2017    15,907
2016    18,373
2015    18,464
2014    21,783
2013    13,209
2012    12,430
2011    27,259

Hope you are having a fantastic 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 15,907. 
A slight decrease since last week.    We are seeing an average supply rate of just over 2 months. 
The current number of pending sales are 6,507.  An increase since last week. 
The current number of pending listings that are "under contract-accepting back-up offers", are 4,325.  A slight increase since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 2,888 active listings.  Just over a 1 4/5 month supply.   A decrease since as last week.

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

Total of 4,119 active listings.  Just over a 1 3/4 month supply.  A 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 795 Active listings.   Just over a 5 2/5 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 3,120 active listings. Just under a 1 1/2 month supply.  A 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 770 active listings.  Just over a 1 ¾ 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 984 active listings.  Just over a 14 1/2 month supply.  A decrease since last week.

Search #7 - Scottsdale (Under 1 Million)

Total of 1,375 active listings.  Just under a 3 month supply.  A decrease  since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 382 active listings.  Just over a 10 month supply.  A decrease  since last week.    

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

Total of 96 active listings.   Just over a  1 1/3 month supply.  A decrease since last week.    

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

Total of 42 active listings.  Just over a 2 3/5 month supply.  A decrease since last week.       

Search #11 -  Vacant Land (All Residential Lots)

Total of 7,084 active listings.  Total of 453 pending listings.  Total of 293 closed listings last month.   Just over a 24 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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