Arizona Real Estate Notebook

Do you ever see all those “For Sale” signs in front of other people’s houses and wonder, “Why the heck am I having so much trouble selling my home?”

Here’s your answer. In Scottsdale in 2009, only about 1 in 4 homes listed for sale by individuals actually sold.

So if you saw 4 (non bank-owned) “For Sale” signs on a street in Scottsdale, realize that on average only 1 of the 4 actually sold in 2009.

Unless you’re a bank, your odds of selling a Scottsdale listing in 2009 were about 25% – normal sales 23% and short sales 26%. (If you are indeed a bank, your odds of selling were about 69%.)

My analysis of MLS data for Scottsdale shows that for “normal” single family detached home listings in 2009;

• 1,978 listings sold successfully,
• 4,104 listings failed to sell and were taken off the market, and
• About 2,421 listings were still in the MLS but were unsold on December 31, 2009.

How do you increase your odds of selling? That’s a deep subject. Give me a call at 480-463-4475.