Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
October 9, 2018
October 9, 2018

This week shows us steadily moving in the same direction of increased market time and decreasing activity.  So far it has been moving up slowly and steadily, but this week seems to have seen a bit more significant increases in some areas.  The only area that saw any relief was the West Side search, only slightly.  Our average market time over all went up from 2 months to 2 2/5 months.

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 14,245.  
An increase since last week.    We are seeing an average supply rate of just over 2 2/5 months.  
The current number of pending sales are 4,507.  A decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 3,045.  An  increase since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 2,921 active listings.  Just under 2 2/5 month supply.   An increase since last week.

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

Total of 3,801 active listings.  Just over a 1 9/10 month supply.  A slight 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 509 Active listings.  Just under a 5 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 2,796 active listings.  Just over a 1 3/4 month supply.  An increase since last week.

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

Search #5 - Southeast Valley   

Total of 825 active listings.  Just under a 2 3/4 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 665 active listings.  Just under a 10 3/4 month supply.  An increase since last week.    

Search #7 - Scottsdale (Under 1 Million)

Total of 911 active listings.  A 3 1/3 month supply.  An increase since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 272 active listings.  Just under 13 month supply.   An increase since last week.
 

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

Total of 995 active listings.   Just under a 1 months supply.   A decrease since last week.     

Search #10 -  Vacant Land (All Residential Lots)

Total of 7,308 active listings.  Total of 428 pending listings.  Total of 283 closed listings last month.   Just over an 29 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.

Sitemap:

Logo
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


GlendaleSun City