Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
January 22, 2019
January 22, 2019

While we are seeing the average market time has tipped above 3 months for the overall market, the pending/ucb sales saw a nice increase.  Hopefully once we see January’s final numbers we will see that average market time come back down, even with the bump in increased inventory.  We are also seeing a nice increase in the pending sales for vacant land.  All signs are showing that things are picking up!

Hope you have an awesome day!!

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 15,785. 
An increase since last week.    We are seeing an average supply rate of just over 3 months. 
The current number of pending sales are 3,851.  An increase since last week. 
The current number of pending listings that are "under contract-accepting back-up offers", are 2,697.  An increase since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 3,175 active listings.  Just under 2 3/5 month supply.   A slight increase since last week.

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

Total of 4,269 active listings.  Just over a 2 3/5 month supply.  A 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 643 Active listings.  Just under a 6 1/4 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 3,037 active listings.   Just under 2 1/5 month supply.  An 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 958 active listings.  Just under a 3 2/5 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 815 active listings.  Just over an 13 1/5 month supply.  An increase since last week.   

Search #7 - Scottsdale (Under 1 Million)

Total of 1,018 active listings.  A 3 3/5 month supply.  A slight  decrease since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 342 active listings.  Just under 10 month supply.   An increase since last week.
 
Search #9 -  >200K (Single Family Homes)

Total of 1,228 active listings.   Just under a 1 3/5 month supply.   An increase since last week.    

Search #10 -  Vacant Land (All Residential Lots)
Total of 7,220 active listings.  Total of 335 pending listings.  Total of 283 closed listings last month.   Just under a 25 1/2 month supply.  A slight decrease 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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