Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
October 17, 2018
October 17, 2018

This week shows us steadily moving in the same direction of increased market time and decreasing activity.  Actual sales thus far for October shows 2,731 units have closed as of this morning.  Total sales for last month (September 2018) was 5,852.  There are a lot of homes pending now so sales are still looking strong.

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 14,682.  
An increase since last week.    We are seeing an average supply rate of just over 2 1/2 months.  
The current number of pending sales are 4,357.  A decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 2,936.  An  increase since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 3,021 active listings.  Just under 2 1/3 month supply.   An increase since last week.

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

Total of 3,933 active listings.  Just over a 2 1/5 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 524 Active listings.  Just over 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 2,919 active listings.  Just over a 1 4/5 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 830 active listings.  Just over 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 683 active listings.  Just under a 11 month supply.  An increase since last week.    

Search #7 - Scottsdale (Under 1 Million)

Total of 944 active listings.  A 3 2/5 month supply.  An increase since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 278 active listings.  Just under 13 1/5 month supply.   An increase since last week.
 

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

Total of 1,115 active listings.   Just under a 1 1/4 month supply.   An increase since last week.     

Search #10 -  Vacant Land (All Residential Lots)

Total of 7,363 active listings.  Total of 403 pending listings.  Total of 262 closed listings last month.   Just over an 28 month supply.  An increase since last week
                                                                                                                        *Correction from last week was a 25 month supply, 28 months was stated in error.*
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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