Arizona 2011 vs 2010 Home sales - you will be shocked!

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Mortgage and Lending with and for 1st Time Buyers, Move Up Buyers & Investors 207897nmls# DOC#207897
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Arizona 2011 vs 2010 Home sales - you will be shocked

There were 10,000 more sales in 2011 than 2010. 

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Total ARMLS residential sales in 2011 were over 100,000.  This is only the second time sales hit over 100,000 for a year.  The first time and all time record for the number of residential sales was 104,133 in 2005

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Short sales increased seventeen percent in 2011 over 2010.   There was less than a one percent difference in lender-owned sales in 2011 compared to 2010.   

Arizona 2011 vs 2010 Home sales - you will be shocked

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How were properties purchased?  In Arizona 2011 vs 2010 Home sales - you will be shocked as king was cash. 

Forty-seven percent of properties purchased in 2011 were cash.  Twenty-seven percent were  conventional loans, twenty-one percent were FHA guaranteed loans and three percent were VA guaranteed loans.

Now is the time to get back into the Arizona market because the results speak for themselves!

Blogged are highlights from data accessed from the Arizona Regional Multiple Listing Service, Inc. (ARMLS).

Thanks so much for reading and commenting on my blog: Arizona 2011 vs 2010 Home sales - you will be shocked.

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Re-Blogged 6 times:

Re-Blogged By Re-Blogged At
  1. Pamela Jackson 01/16/2012 11:27 AM
  2. Jennifer Green 01/16/2012 02:00 PM
  3. Duke De Bernardi 01/16/2012 03:51 PM
  4. Annette Stavig 01/16/2012 04:43 PM
  5. Sylvie Calder 01/20/2012 12:55 PM
  6. Andrew Texidor Valley Neighborhood Specialists 01/23/2012 06:40 PM
Topic:
ActiveRain Community
Location:
Arizona
Groups:
Addicted to Active Rain
Arizona Homes
Arizona Real Estate
Posts to Localism
Realtors®
Tags:
mark taylor
fha
va
usda
hud
conventional
jumbo
and investor mortgage loans
in arizona
and california

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Rainmaker
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Adrian Willanger
206 909-7536 TheHomeFunnel.com - Seattle, WA
Profit from my two decades of experience

Mark, pretty unbelievable numbers, in the NW we have about a 1/3 of our transactions are cash.

 

Best

January 09, 2012 07:15 PM #1
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Mark, Great info! As usual, you are always on top of things. Lillian and Dick
January 11, 2012 02:23 AM #2
Rainmaker
530,960
Ed & Tracy Oliva
West USA Realty - Arizona - Pinetop Lakeside, AZ
Arizona Agents

Thank you Mark for the info. Easy to follow and enough said, Time to Buy!!!!

January 16, 2012 11:39 AM #3
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