Phoenix Real Estate Blog

6/15/086/22/086/29/087/6/087/13/087/20/08Totals this week      Active listings16,15016,23416,11715,82315,77415,806Change from last week-684-117-294-4932AhwatukeeActive Listings649652636630616618Average List Price$537,182$538,264$544,686$544,911$538,786$532,461Average Days on Market141142141140139137Prior ...

ChandlerActive Listings190819051919187818441851Average List Price$435,380$434,639$431,524$433,241$434,587$430,605Average Days on Market137135135139136135Prior Week      Sale Recorded (Closed)395677907547Average List Price$324,735$288,954$287,289$335,375$311,074$305,516Average Sales ...

This week, while we noticed a drop in inventory, our "months worth of inventory" has increased.  How does this happen?  Our sales numbers have fallen slightly, which means that even though we have fewer homes on the market than we have had, the rate at which they are selling has decreased which results in more days on market as ...

The Real Estate Market in the Phoenix East Valley continues to show improvement.  Almost all cities show a reduction in active listings and steady buyer activity.  Interesting to note that homes that are selling are typically NOT short sale listings.  In Maricopa where there is a very high ratio of short sale listings for example, ...

2/23/083/1/083/8/083/15/083/22/08AhwatukeeActive Listings715707711699695Average List Price$518,428$523,558$533,453$530,038$534,600Average Days on Market143142143144145Prior Week     Sale Recorded (Closed)615141721Average List Price$293,633$383,141$275,617$344,957$393,961Average Sales ...

I enjoyed my 1.2 minutes of fame today as I was interviewed by Sara Acevedo of Fox 10 News. (click to see the interview) for the 5:00 news. The topic?  The continued influx of Canadian buyers who are taking advantage of their strong Canadian Dollar and our weak real estate market.  There continue to be tremendous real ...

2/16/082/23/083/1/083/8/083/15/08AhwatukeeActive Listings714715707711699Average List Price$511,084$518,428$523,558$533,453$530,038Average Days on Market143143142143144Prior Week     Sale Recorded (Closed)146151417Average List Price$507,653$293,633$383,141$275,617$344,957Average Sales ...

1/26/082/2/082/9/082/16/082/23/083/1/08AhwatukeeActive Listings691715709714715707Average List Price$505,578$506,274$509,507$511,084$518,428$523,558Average Days on Market147141144143143142Prior Week      Sale Recorded (Closed)9161514615Average List Price$445,200$410,018$446,673$507,653$293,633$383,141Average Sales ...

Our Real Estate Market's excess inventory is creating our current buyer's market.  The following weekly report will indicate an improvement when our "Active Listings" Decrease & when our "Pending" and "Solds" IncreaseWe currently have 19.4 months worth of inventory in Active Listings in ...

We currently have 20.4 months worth of inventory in Active Listings in MLS. (This is an increase over last week's report of 17.4 months worth of inventory. This monthly inventory may seem high this week because the “Sold” date range includes the last two weeks of the year, which are traditionally very slow for ...