Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
November 5, 2018
November 5, 2018

As last month closed out we see some relief and better sales in the Paradise Valley and Scottsdale area, along with Vacant Land Sales closing out a better amount of the pending sales.  The rest of the market is still showing slow & steady trending increases in market time.  The overall market saw an increase in closed sales of about 3% (205 homes more sold in October than in September), however simultaneous increase in inventory reflects increased market time for most categories.

Hope you have a great week and are getting out & enjoying this wonderful weather we are having!

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 15,453.  
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 3,975.  A decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 2,829.  A decrease since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 3,230 active listings.  Just under 2 2/5 month supply.   An increase since last week.

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

Total of 4,078 active listings.  Just over a 2 1/5 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 580 Active listings.  Just over a 5 2/5 month supply.   A slight 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 3,082 active listings.  Just under a 2 month supply.  A slight 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 895 active listings.  Just under a 3 month supply.   A slight 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 740 active listings.  Just under an 11 month supply.  A decrease since last week.    

Search #7 - Scottsdale (Under 1 Million)

Total of 1,026 active listings.  A 3 2/5 month supply.  A slight decrease since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 302 active listings.  Just under 9 3/4 month supply.   A decrease since last week.
 
Search #9 -  >200K (Single Family Homes)

Total of 1,152 active listings.   Just over a 1 1/3 month supply.   A slight increase since last week.     

Search #10 -  Vacant Land (All Residential Lots)

Total of 7,353 active listings.  Total of 377 pending listings.  Total of 297 closed listings last month.   Just over an 24 3/4 month supply.  A decrease 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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