Updated May 14, 2012 (April Statistics): The number of homes for sale in Phoenix MLS (Arizona Regional Multiple Listing Service or ARMLS) continues to drop here are the current numbers at of Monday May 14, 2012
7,976 Single Family Homes For Sale
6,142 Homes Under Contract Accepting Backup Offers
9,844 Homes PENDING (Under contract closing soon)
8,476 SOLD Homes (April 2012)
As you can see there is more DEMAND 15,986 (Homes Under Contract) vs FOR SALE 7,976 causing a Home Shortage in Phoenix and rising prices.
Now is still a great time to buy a home with low interest rates and prices back at their 2003 levels. Here is the Phoenix Real Estate Homes SOLD CHART April 2012 ARMLS Phoenix MLS
If you are thinking of buying a home… or selling a home… and need more information or a free consultation, give me a call today.
Phoenix Supply vs Demand
- 4.47,4.19,3.83,3.54,3.37,3.24,3.1,2.93,2.74,2.66,2.47,2.27
Information is deemed to be reliable, but is not guaranteed. © 2012
Peoria Supply vs Demand
- 4.49,4.15,3.76,3.49,3.32,3.32,3.14,2.96,3,2.93,2.67,2.57
Information is deemed to be reliable, but is not guaranteed. © 2012
Scottsdale Supply vs Demand
- 6.61,6.05,5.57,5.23,5.11,5.11,5.21,5.1,5.04,5.12,4.89,4.48
Information is deemed to be reliable, but is not guaranteed. © 2012
Phoenix Homes Inventory Levels
- 8900,8430,7837,7372,7151,6966,6771,6443,5989,5821,5369,4866
- 2667,2516,2185,2452,2148,2003,1838,1730,2053,1991,2020,1822
- 2489,2728,2210,2297,2155,2058,1887,1987,1658,1765,2077,1989
Information is deemed to be reliable, but is not guaranteed. © 2012
Peoria Homes Inventory Levels
- 1421,1338,1209,1162,1132,1147,1091,1042,1039,1009,913,864
- 385,419,360,384,292,315,278,266,321,336,330,325
- 396,379,396,381,341,308,326,299,238,253,342,342
Information is deemed to be reliable, but is not guaranteed. © 2012
Scottsale Homes Inventory Levels
- 4002,3694,3441,3264,3241,3297,3386,3321,3267,3326,3177,2932
- 822,686,607,635,523,578,535,504,714,728,879,673
- 764,818,620,656,598,563,532,578,538,612,805,810
Information is deemed to be reliable, but is not guaranteed. © 2012
Phoenix Home Prices
- 172870.54,174399.89,176415.91,178664.94,181735.90,185556.50,189449.16,191625.61,201274.75,212869.91,225244.66,240436.60
- 120071.26,120876.39,120777.06,119786.41,124833.66,125751.75,138903.29,128209.87,136194.34,145322.28,149818.86,164270.16
- 116554.69,118075.62,119608.92,115650.33,125615.17,116254.05,127637.58,129761.12,127782.92,133001.04,138912.50,147921.19
Information is deemed to be reliable, but is not guaranteed. © 2012
Peoria Home Prices
- 196889.26,192057.04,194382.42,195924.46,197170.56,198046.27,199924.85,205477.35,213459.16,212459.71,219719.96,228314.86
- 161330.11,151460.58,152972.73,156485.95,164813.48,155657.61,151759.38,159112.09,168886.97,179048.01,186349.45,193130.73
- 160595.24,153133.94,150776.20,158247.73,151499.01,157927.22,159311.46,153962.67,156765.38,159154.00,171719.62,176423.63
Information is deemed to be reliable, but is not guaranteed. © 2012
Scottsdale Home Prices
- 699211.63,695841.82,682195.13,685371.55,698437.12,721321.61,737968.71,746216.20,769309.67,793666.80,821270.55,846544.66
- 392453.39,387191.40,348965.03,358249.35,417225.34,385866.34,390787.14,394850.46,398017.80,454431.24,442255.48,476830.44
- 379128.62,399529.05,373739.64,352591.61,341668.07,380770.95,370222.44,385245.15,357648.74,369795.98,411744.71,404178.67
Information is deemed to be reliable, but is not guaranteed. © 2012
Updated March 13, 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:
March 13, 2012 Report Comments:
The Phoenix supply of homes continues to decline this month another 4% and we are now 52% below our January 2011 numbers. The number of homes sold last month was slightly lower, but our pending sales (home under contract waiting to close) are 8% higher than last year. The number of homes under contract is extremely high and therefore we are predicting a large number of homes sold (Closed) in the next few months. We saw little change in foreclosures and on an annual basis the number of foreclosure notices is down 48% and less than 10% of the homes currently for sale are foreclosed properties.
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.
February 2012 Reports (Uploaded March 13, 2012):
Phoenix Real Estate Report February 2012
Phoenix Short Sale & Foreclosure Real Estate Report February 2012
Phoenix Luxury Real Estate Report February 2012
Phoenix North East Real Estate Report February 2012
Phoenix West Valley Real Estate Report February 2012
Phoenix South East Real Estate Report February 2012
January 2012:
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.