Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
February 21, 2018
February 21, 2018

Hope you are having a great week!

In evaluating the Single Family Home market overall, prices under $200,000 make up only about 9.72% of our available inventory, but they make up over 23% of our sales.  Continues to be a very competitive market in those lower price ranges.

Hope you are having a great week and 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 13,940.  
A slight decrease since last week.    We are seeing an average supply rate of less than 2 3/4 months.  
The current number of pending sales are 6,172.  An increase since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 3,849.  An increase since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 2,669 active listings.  Just under a 2 1/2 month supply.   About the same as last week.

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

Total of 3,620 active listings.  Under a 2 1/3 month supply.  About the same as 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 730 Active listings.  Just over a 6 1/4 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 2,402 active listings. Just over 1 3/4 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 795 active listings.  Just over a 3 1/3 month supply.   About the same as 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 929 active listings.  About a 14 month supply.  A slight increase since last week.    

Search #7 - Scottsdale (Under 1 Million)

Total of 1,103 active listings.  About a 3 1/2 month supply.  A slight increase  since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 348 active listings.  Just over an 9 3/5 month supply.  A slight increase  since last week.     

Search #9 -    >200K (Single Family Homes)

Total of 1,434 active listings.   Just under a  1 1/4 month supply.  A slight decrease since last week.     

Search #10 -  Vacant Land (All Residential Lots)

Total of 6,977 active listings.  Total of 509 pending listings.  Total of 280 closed listings last month.   Just under a 25 month supply.  An increase as 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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