Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
July 18, 2017
July 18, 2017

We have dropped to under 15,000 active listings and continue to see 1 4/5 months for our average market time!  The number of homes that have gone under contract have decreased slightly since last week.   

Hanging on to a rental that you are considering selling?  Maybe a home that isn’t updated or needs a bit of work and you don’t want to do it?  NOW would be a great time to consider selling!  Rates have continued to stay super low and Buyers are heavily looking for that great house….homes that need updating or some work done are Buyer friendly in this market as availability decreases.  If the home needs a lot of work to be financeable, don’t think you can’t sell it….Rehab loans are still around and an excellent option to move a home needing work.  Call me today to discuss!

Have 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 14,964.  
A decrease since last week.    We are seeing an average supply rate of just under 1 4/5 months.  
The current number of pending sales are 5,721.  A decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 3,647.  A decrease since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 3,024 active listings.  Just over a 1 7/10 month supply.   A slight increase since as last week.

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

Total of 3,797 active listings.  Just over a 1 1/2 month supply.  A slight 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 605 Active listings.   Just under a 3 7/10 month supply.  A slight 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 3,031 active listings. Just under a 1 2/5 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 711 active listings.  Just over a 1 7/10 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 688 active listings.  Just under a 7 1/4 month supply.  A decrease as since last week.

Search #7 - Scottsdale (Under 1 Million)

Total of 1,132 active listings.  Under a 2 1/2 month supply.  A decrease  since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 295 active listings.  Just over an 8 2/5 month supply.  An increase since last week.     

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

Total of 114 active listings.   Just under a  2 1/3 month supply.  An increase since last week.     

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

Total of 29 active listings.  Just under a 1 9/10 month supply.  A slight increase since last week.        

Search #11 -  Vacant Land (All Residential Lots)

Total of 6827 active listings.  Total of 407 pending listings.  Total of 297 closed listings last month.   Just under a 23 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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