Updated February 7, 2012: Each month, Fidelity Title prepares market reports for specific areas of the Phoenix Real Estate Market. Each report is then divided by zip code. Below are the latest Phoenix Real Estate Market Reports. Click on the button to download the latest report:
February 2012 Report Comments:
The Phoenix supply of homes continues to drop, we now have fewer than 4,000 active listings in Phoenix so supply is getting exceptionally tight, especially as one third of these already have a contract waiting for short sale approval. The low supply is finally resulting in price increases. The monthly median sales price has jumped to $99,000 up nearly 9% in one month and 18% higher than 12 months ago. With foreclosure notices down 19% in December from November, we are seeing the bank owned properties becoming less significant in 2012.
The Phoenix Real Estate Market Report covers all the zip codes from the Ahwatukee area on the south to the Desert Ridge area to the north. From the Desert Sky area on the west to the Arcadia district to the east. The Phoenix Foreclosures and Short Sale Market Report details Active, Pending and Closed distress sales. This includes pre-foreclosed homes for sale in Phoenix. The Phoenix, Scottsdale and Paradise Valley Luxury Market Report is aimed at home buyers and home sellers above $500,000. Some of the statistics including sales per month, sales per year, days on market and months supply. The Phoenix North East Valley Real Estate Report covers zip codes in the Scottsdale area including the Greyhawk, McDowell Mountain Ranch, DC Ranch, Silverleaf, Troon and other popular Scottsdale neighborhoods. The Phoenix NorthWest Valley Real Estate Report covers the west valley including Glendale, Peoria, the Sun Cities and Surprise.
January 2012 (Current Reports):
Phoenix Real Estate Report January 2012
Phoenix Short Sale & Foreclosure Real Estate Report January 2012
Phoenix Luxury Real Estate Report January 2012
Phoenix North East Real Estate Report January 2012
Phoenix West Valley Real Estate Report January 2012
Phoenix South East Real Estate Report January 2012
December 2011:
Phoenix Home Report December 2011
Phoenix Short Sale & Foreclosure Report December 2011
Phoenix Luxury Home Report December 2011
North East Valley Home Report December 2011
West Valley Home Report December 2011
South East Valley Home Report December 2011
November 2011:
Phoenix Home Report November 2011
Phoenix Short Sale & Foreclosure Report November 2011
Phoenix Luxury Home Report November 2011
North East Valley Home Report November 2011
West Valley Home Report November 2011
South East Valley Home Report November 2011
October 2011:
Phoenix Home Report October 2011
Phoenix Short Sale & Foreclosure Report October 2011
Phoenix Luxury Home Report October 2011
North East Valley Home Report October 2011
West Valley Home Report October 2011
September 2011:
Phoenix Home Report September 2011
Phoenix Short Sale & Foreclosure Report September 2011
Phoenix Luxury Home Report September 2011
North East Valley Home Report September 2011
West Valley Home Report September 2011
These are custom reports put together by a neutral third party called CromfordReport.com and give a good overview of what is happening in the Phoenix Real Estate Market. Here are some additional statistical charts:
Phoenix Supply vs Demand
- 5.73,5.32,4.91,4.47,4.19,3.83,3.53,3.35,3.21,3.06,2.78,2.54
Information is deemed to be reliable, but is not guaranteed. © 2012
Peoria Supply vs Demand
- 5.73,5.32,4.85,4.49,4.15,3.76,3.49,3.32,3.31,3.11,2.82,2.8
Information is deemed to be reliable, but is not guaranteed. © 2012
Scottsdale Supply vs Demand
- 7.99,7.6,7.16,6.61,6.05,5.56,5.22,5.1,5.1,5.18,4.99,4.9
Information is deemed to be reliable, but is not guaranteed. © 2012
Phoenix Homes Inventory Levels
- 11024,10362,9701,8896,8425,7828,7354,7118,6913,6688,6119,5557
- 2434,2819,2698,2667,2517,2173,2452,2136,1965,1787,1626,1847
- 1846,2508,2391,2489,2728,2210,2297,2153,2062,1892,1998,1671
Information is deemed to be reliable, but is not guaranteed. © 2012
Peoria Homes Inventory Levels
- 1721,1617,1513,1421,1338,1208,1161,1131,1144,1081,993,971
- 386,451,391,387,420,359,384,290,311,268,245,287
- 283,407,377,396,379,396,382,341,308,328,300,240
Information is deemed to be reliable, but is not guaranteed. © 2012
Scottsale Homes Inventory Levels
- 4661,4524,4289,4001,3693,3439,3260,3234,3288,3366,3251,3177
- 687,913,785,823,688,608,633,522,571,512,475,625
- 616,742,770,764,818,620,656,598,563,534,583,537
Information is deemed to be reliable, but is not guaranteed. © 2012
Phoenix Home Prices
- 160470.73,164539.81,169362.56,172843.09,174461.54,176582.04,178943.53,182206.82,186440.18,190805.05,196053.91,207958.72
- 121466.74,121218.99,117449.32,120049.32,120742.80,120819.25,119740.12,125223.85,124834.81,139553.71,126208.05,134528.53
- 113070.45,118218.45,121730.85,116554.69,118075.62,119608.92,115654.68,125570.27,116063.36,127583.96,129540.94,128860.76
Information is deemed to be reliable, but is not guaranteed. © 2012
Peoria Home Prices
- 190570.86,191081.94,196822.28,197093.27,192298.97,194759.14,196393.02,197628.82,198461.13,200728.60,208452.20,217564.65
- 173891.76,149548.90,164637.41,161229.38,150821.38,153175.99,156485.95,166584.95,157662.85,154311.44,163601.14,172382.20
- 151543.26,152869.96,152499.75,160595.24,153152.41,150776.20,158114.23,151499.01,157927.22,159010.78,153917.13,156737.75
Information is deemed to be reliable, but is not guaranteed. © 2012
Scottsdale Home Prices
- 675916.28,687602.07,695539.07,701446.90,698928.75,685812.83,689835.24,702716.44,726689.18,745286.58,761253.43,789163.17
- 445418.25,414868.26,432268.37,392923.07,388776.74,348800.62,358001.32,417204.82,388488.69,394986.37,395076.49,398658.20
- 363351.50,393313.69,397452.17,379128.62,399529.05,373739.64,352568.74,341668.07,380770.95,370444.45,383991.41,357789.62
Information is deemed to be reliable, but is not guaranteed. © 2012