Samantha Goodman PLLC
Integrity & Experience
Mobile: (602) 526-7486     Fax: (623) 877-5455
May 1, 2019
May 1, 2019

WOW!  The market has seemed to be much busier and what a difference the month of April has made 7,974 single family homes closed!  That is about a 13% increase from last month.  
In conjunction with that we have over 10,000 homes on the market currently pending/under contract and only 14,600 single family homes active.  We have now shifted to under 2 months for average market time.
The only areas that saw an increase in market time was Paradise Valley and Vacant Land Sales.

Hope you are having a wonderful week, 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 14,600.  
A decrease since last week.    We are seeing an average supply rate of just under 1 4/5 months.  
The current number of pending sales are 6,321.  A decrease since last week.  
The current number of pending listings that are "under contract-accepting back-up offers", are 4,317.  A decrease since last week.

Search #1 - Phoenix (City of Phoenix)

Total of 2,814 active listings.  Just under 1 3/5 month supply.   A decrease since last week.

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

Total of 3,771 active listings.  Just under a 1 1/2 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 583 Active listings.  Just under a 3 month supply.   A decrease 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 2,694 active listings.   Just over 1 1/3 month supply.  A decrease since last week.

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

Search #5 - Southeast Valley   

Total of 934 active listings.  Just under a 2 month supply.   A 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 844 active listings.  Just over an 8 month supply.  A decrease since last week.    

Search #7 - Scottsdale (Under 1 Million)

Total of 1,056 active listings.  Just under 2 1/2 month supply.  A decrease since last week.

Search #8 - Paradise Valley (Over 1 Million)

Total of 333 active listings.  Just under 8 1/3 month supply.   An increase since last week.
 
Search #9 -  >200K (Single Family Homes)

Total of 887 active listings.   Just under a 1 month supply.   A decrease since last week.

Search #10 -  Vacant Land (All Residential Lots)
Total of 7,309 active listings.  Total of 471 pending listings.  Total of 383 closed listings last month.   Just over a 19 month supply.  A slight 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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