Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
August 8, 2017
August 8, 2017

Interesting outcome of statistics this week.  July sales closed out at almost 17% less than June sales.  And, the continuing depreciation of available properties has given us an continued reduction in market time for home sales.  It continues to be a really excellent market!

Hope you are having a great 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 14,645. 
A decrease since last week.    We are seeing an average supply rate of just under 1 2/5 months. 
The current number of pending sales are 5,306.  A decrease since last week. 
The current number of pending listings that are "under contract-accepting back-up offers", are 3,577.  An increase since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 2,979 active listings.  Just over a 2 month supply.   An increase since as last week.

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

Total of 3,749 active listings.  Just over a 1 4/5 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 578 Active listings.   Just under a 5 1/3 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 2,920 active listings. Just under a 1 1/2 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 700 active listings.  Just over a 2 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 658 active listings.  Just under a 11 1/3 month supply.  An increase as since last week.

Search #7 - Scottsdale (Under 1 Million)

Total of 1,069 active listings.  Under a 3 month supply.  An increase  since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 283 active listings.  Just over an 7 4/5 month supply.  A slight decrease since last week.    

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

Total of 104 active listings.   Just over a  2 1/3 month supply.  An increase since last week.    

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

Total of 39 active listings.  Just over a 6 1/2 month supply.  A increase since last week.       

Search #11 -  Vacant Land (All Residential Lots)

Total of 6870 active listings.  Total of 359 pending listings.  Total of 294 closed listings last month.   Just over a 25 3/5 month supply.  An 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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