Phoenix Arizona Real Estate Home Sales Report September 2011

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Real Estate Broker/Owner with Phoenix Property Shoppe 602-380-4886
http://actvra.in/lk7

Phoenix Arizona Real Estate Home Sales Report September 2011


Phoenix Real Estate Home Sales September 2011


The Real Estate Market is Alive and Doing Well in Phoenix Arizona.  By looking deeper into the statistics comparing last year stats to this months you'll see a big difference.


  • Active Listings are Down by 44%

  • Pending Sales are up by 30%

  • Closed Sales are up by 18%

 

We all know the media likes to 'take a bite' on any negative piece of news to make it appear as if the real estate market is doom and gloom.  It is not!  We expect sales to continue on a upward trend  this next year due to low home prices and low interest rates.


Many Phoenix Arizona homes have had multiple bids if they're priced right, in good condition and in a good location. There are still bank owned and short sales and some traditional sales.


My advice to buyers is that if you find the home you like, and the comparables prove to be in line with the market, don't wait to make your offer - if this truly is your dream home or a hot investment property that fits into your portfolio.  It may take a  few bids to finally win a bid on a home but in the long run it's worth the effort. Patience will pay off.


 Low Interest Rates + Smoking Hot Home Prices = Time to Buy Home in Phoenix


And of course if you're looking for a hard working, dedicated real estate agent that knows the Phoenix, AZ real estate market and knows how to navigate multiple bids - give me a call.


Let's meet for coffee and discuss your game plan.  


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Rainmaker
366,558
Cathy Bureau
www.GreenHomeRealty.com - Alamo Heights, TX
Your Personal Real Estate Concierge

Hi Anna! Looks likethe pending sales (30%) and closed sales (18%) increases are rapidly consuming the active listings. This is very great news for Phoenix!  Great post!

Oct 14, 2011 07:01 PM #1
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John McCormack
Albuquerque Homes Realty * www.AlbuquerqueHomes.com - Albuquerque, NM
AlbuquerqueHomes.com, Albuquerque Homes Realty

Hi Anna -  Great news for the Phoenix market.  In fact when the numbers are good in one area it makes us all feel better.  I really like the background on your chart.  Great info, smart looking and easy to understand.  Kudos!

 

Oct 14, 2011 07:15 PM #2
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Jeff Dowler CRS
Solutions Real Estate - Carlsbad, CA
Carlsbad CA Homes for Sale (760) 840-1360

Anna

Hurray for the Phoenix real estate market. Sounds like things are on the rise. And yes, this sort of news is important to spread in light of the media's distorted perspective.

Jeff

Oct 14, 2011 07:25 PM #3
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Anna Banana Kruchten
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana of Real Estate!

Cathy - yes we've been a hot market for some time and I wish the media would talk about all the good stuff rather than doom and gloom!

John - yes I'm hoping it's good news for other areas as well.  We were one of the first to fall - and fall hard - so we're coming back up. Prices on the lower end are up slightly - not much but we know it's good news. Thanks for your feedback.

 

Jeff - yeah! Absoutley.  I do over 20 reports for the Phoenix Metro Are and almost every single city as good solid numbers.  Keeping track of the numbers has been quite the eye opener for many.  

Oct 14, 2011 08:24 PM #4
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Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

Thank you for the market update in your area, great information for buyers and sellers.

Oct 14, 2011 09:03 PM #5
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Anna Banana Kruchten

Arizona's Top Banana of Real Estate!
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