EXCLUSIVE – Graphic presentation of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate. The median home price trend is generally flat in these 14 cities, however, Avondale seems to be drifting lower. Northeast Valley Scottsdale Arizona homes for sale now Southeast Valley Chandler Arizona homes for sale now [...]
No rebound in 2007 The number of home sales (blue line) in the first few months of the year usually foreshadow how the rest of the year will play out. It’s looking like the number of home sales in metro Phoenix in 2007 will be the lowest for any year on this chart. The inventory [...]
EXCLUSIVE – Graphic presentation of ASU data created by your favorite Realtor, John L. Wake, Associate Broker, HomeSmart Real Estate. The median home prices in several cities seem to be trying to rise but with no clear trend. Gilbert and Avondale are drifting lower. Northeast Valley Scottsdale Arizona homes for sale now Southeast Valley Chandler [...]
The inventory of homes listed for sale in metro Phoenix took off again in February after a significant falling off in late 2006. April’s increase in inventory was the largest since last June. Looking at the first 3 months of 2007, it looks like total Phoenix area home sales in 2007 will certainly be less [...]
EXCLUSIVE – Graphic presentation of ASU data created by John L. Wake, Realtor, HomeSmart Real Estate Scottsdale is very strong. Gilbert is fading. Sun City West is losing recent gains. El Mirage may have bottomed out. Surprise and Avondale drifting lower. What looked like a possible rebound in prices last month, loses momentum. Northeast Valley [...]
Frustrated sellers have dominated the metro Phoenix, Arizona residential real estate market so far this year by placing a large number of new listings on the market. After falling steeply since last summer to only 8,565 new listings in December, the number of new listings rebounded to high levels in January (15,857) and February (13,539) [...]
EXCLUSIVE PRESENTATION of ASU data by Arizona Real Estate Notebook It’s grim looking at the chart in the post below this one – median home prices are down year over year in 10 out of 14 Arizona cities. But when you look at the graphs below, the recent trend has been for median Arizona home [...]
EXCLUSIVE PRESENTATION of ASU data by Arizona Real Estate Notebook Only Phoenix, Peoria, Scottsdale and Chandler show median home price increases from February a year ago. For all of Greater Phoenix the median home price was down 2%, from $265,000 in February 2006 to $260,000 last month. That was the same median sale price as [...]
I spent the day at a luxury home marketing course. I just returned and snuck in some time to pull these graphs together. They complement the earlier graph that was for all area MLS Realtors.
No video analysis this month. I didn’t expect the inventory to increase in February. Oh, well. The “frustrated sellers” won this round after losing a few to the “waiting buyers.” I expect inventory to decline next month… but then again… that’s what I said last month. Forewarned is forearmed. Metro Phoenix homes sales (closings) were [...]
Average days on market of sold homes in the Phoenix area MLS increased by 11 days to 111 days in January 2007. I expect the increases to increase at a slower rate starting in February. I’m not as concerned about the increase as I might be but in the last two days of searching for [...]
EXCLUSIVE PRESENTATION – Arizona Real Estate Notebook Northeast Valley Scottsdale Arizona homes for sale now Southeast Valley Chandler Arizona homes for sale now Gilbert Arizona homes for sale now Mesa Arizona homes for sale now Tempe Arizona homes for sale now Phoenix Phoenix Arizona homes for sale now Northwest Valley El_Mirage Arizona homes for sale [...]
EXCLUSIVE PRESENTATION – Arizona Real Estate Notebook Previous price charts Archive of price charts
CLICK HERE – Analysis for January 2007 Tips on reading the graph – Click Here
EXCLUSIVE PRESENTATION – Arizona Real Estate Notebook Northeast Valley Scottsdale Arizona homes for sale now Southeast Valley Chandler Arizona homes for sale now Gilbert Arizona homes for sale now Mesa Arizona homes for sale now Tempe Arizona homes for sale now Phoenix Phoenix Arizona homes for sale now Northwest Valley El_Mirage Arizona homes for sale [...]
EXCLUSIVE PRESENTATION – Arizona Real Estate Notebook Previous price charts Archive of price charts
CLICK HERE – Analysis for December 2006 Tips on reading the graph – Click Here
Northeast Valley Scottsdale Arizona homes for sale now Southeast Valley Chandler Arizona homes for sale now Gilbert Arizona homes for sale now Mesa Arizona homes for sale now Tempe Arizona homes for sale now Phoenix Phoenix Arizona homes for sale now Northwest Valley El_Mirage Arizona homes for sale now Glendale Arizona homes for sale now [...]
Previous price charts Archive of price charts
Paul Martin, a Realtor with US Preferred Realty in Mesa, emailed me saying he believed the slight fall in inventory was due to high levels of expired and canceled listings and not due to increased sales. That is, that the fall in inventory was due to frustrated sellers who have given up on selling their [...]
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