lender owned: July's Market Status Report for Phoenix Metro area is HERE! - 07/05/12 10:43 AM
In keeping with my commitment to you to keep you updated on current market conditions…According to the Cromford Associates, LLC, as of July 3, 2012 from Arizona Regional Multiple Listing Service (Maricopa County):
There were 19,952 Active Residential Listings- Same time last year we had 28,920
This number includes “active with contingency” offers (7,064)- so if you exclude these “AWC’s”, the inventory available is even lower at just 12,888 Active Listings
Using the total and at a rate of 8,494 sales per month (as of 7/3/12), the month’s supply is at 2.3; however excluding the AWC, the supply is just … (0 comments)

lender owned: The Market Status Report for May 2012 - Metro Phoenix area is here! - 05/11/12 10:38 AM
According to Catherine Reagor in The Republic on Apr. 26, 2012 … “Home prices are surging in metro Phoenix, climbing 8 percent in March alone and 20 percent in the past 12 months…The trend is projected to continue throughout the year, although at a slower pace… Prices have begun to rise at a fast pace and bargains are no longer plentiful.” Orr goes on to say ‘Most homes that are priced well are attracting multiple offers within a couple of days, and many are exceeding the asking price.’…A growing number of national real-estate analysts say metro Phoenix is leading the U.S.' … (2 comments)

lender owned: Monthly Market Status Report for Phoenix AZ Metro area - 03/05/12 10:10 AM
To update you with current statistics on recent home sales, according to the Cromford Associates, LLC, as of March 1, 2012 from Arizona Regional Multiple Listing Service (Maricopa County):

There were 23,511 Active Residential Listings- Same time last year we had 40,240
Of these Active Residential listings:
1,626 were Lender Owned- (7%) - same time last year:  7,055 (17%)
8,349 were Pre-Foreclosure/Short Sales (35%)- same time last year: 15,441 (38%)
12,391 were Normal Listings (53%) – same time last year 16,470 (41%)
There were 11,693 transactions pending- same time last year 11,997

There is just a little over 3 … (0 comments)

 

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