Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
September 7, 2018
September 7, 2018

Seeing continuing trends of overall of steadily increasing market time.  Paradise Valley, Southeast Valley & >200K saw a decrease in market time.  
Reviewing closed sales for this year, thus far, it looks like we peaked in May.  Here is the year in review so far:
  
 Month            # of Closed SFR* Sales     
 January 18 5,013
 February 18
   5,739
 March 18 7,839
 April 18
   7,473
 May 18
   8,312
 June 18  7,666
 July 18 
  7,092
 Aug 18  
 6,783
 *SFR (Single Family Residential)

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 13,659.  
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 4,653.  A slight decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 3,119.  A slight decrease since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 2,912 active listings.  Just under 2 month supply.   A slight increase since last week.

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

Total of 3,611 active listings.  Just over a 1 4/5 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 484 Active listings.  Just under a 4 month supply. An 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 2,649 active listings.  Just over a 1 2/5 month supply.  A slight increase as last week.

(Queen Creek, Chandler, Gilbert, Apache Junction, Gold Canyon, Tortilla Flat, Mesa, Tempe, Ahwatukee,Guadalupe, Komatke)

Search #5 - Southeast Valley   

Total of 676 active listings.  Just over a 1 4/5 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 597 active listings.  Just under a 8 1/4 month supply.  About the same as last week.    

Search #7 - Scottsdale (Under 1 Million)

Total of 908 active listings.  A 2 1/3 month supply.  A slight increase since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 238 active listings.  Just under an 6 3/5 month supply.  A decrease since last week.     

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

Total of 1,014 active listings.   Just under a 1 months supply.   A slight decrease since last week.     

Search #10 -  Vacant Land (All Residential Lots)

Total of 7,152 active listings.  Total of 397 pending listings.  Total of 275 closed listings last month.   Just over an 26 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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