Recapping July, 2019 Sales Data for the Phoenix, Arizona Real Estate Market
Monthly Home Sales Data for Phoenix, Arizona
Actives vs. UCB/CCBS
Months Supply of Inventory
New List Prices
Sales Price Forecast
Distressed Homes / Foreclosures Pending
Average Days on Market
4904 E Waltann Lane Scottsdale Arizona 85254
MLS # 5219554
2,049 Square Feet
17,186 Square Foot Lot!
Tatum and Greenway
4904 E Waltann Lane Scottsdale Arizona 85254
Another fantastic interior and exterior remodel. New exterior finish and paint. Complete interior remodel. Beautiful 12” wide plank tiling, new interior trim and paint. New doors, hardware and fixtures throughout the home! Brand new custom made kitchen cabinetry, granite counter tops and new appliances. You have to see this kitchen in person! This 4 bedroom home boasts brand new bathrooms, with a master shower that has stone flooring. Walk in master closet. Brand new dual pane windows, to help with energy efficiency. Top it all off with a gigantic cul-de-sac (not a through street) lot, at just above 17,000 square feet! Plenty of room in back to park your RV or toys and put in the pool of your dreams.
Real Estate Market Statistics May 2014 – Phoenix, Arizona
Monthly Home Sales for Phoenix, Arizona May 2014
Homes sales in the Phoenix area are down, predictably, year over year. This continues to signify a lower buyer demand for homes in the Valley.
New inventory for resale homes
New inventory for resale homes is down and should start to flatten out as we move closer to summer.
Total inventory for resale homes
Total inventory for resale homes remains flat month over month, up almost 50% year over year.
Active inventory vs. homes under contract (UCB)
Months supply of inventory
New list prices
Sales Price Forecast
While home buying demand is still down, we are seeing fewer and fewer distressed sales each month. This is a great indication of the real estate market getting healthier overall. 90% of homes sold in the Valley are normal sales.
Average days on the market
We are seeing what appears to be a balancing of the market, with monthly supply staying under 4 months and days on market flattening out.
Buyer demand continues to be a question mark in the current real estate market. There is definitely potential for a greater influx of home buyers:
- Retiring baby boomers
- Boomerang buyers (buyers with a previous short sale or foreclosure)
- First time home buyers
We can only wait and see what factors will come into play that will help these potential buyers to decide to enter the real estate market and purchase a home.
How do you find the home that is right for you?
Just beginning your home search?
Or… Have you been researching the real estate market or looking at homes online for a while now?
There are many different things to consider about your future home as you start on the path to ownership. Things like:
- The number of bedrooms
- The number of bathrooms
- The size of your home
- The best location
And the list goes on…
While all of these items of consideration are extremely important to your buying decisions, there is one other item that is of utmost importance. This item will be a large factor that will help to shape the entire course of your journey.
The purchase price of your home.
What can you afford?
Depending on where you are in the buying process right now, the actual purchase price of your future home may or may not be your biggest consideration.
We think it should be. Just for right now.
In our many years of experience, we have come to learn that many buyers spend countless hours searching for and researching homes online, before they even know their price range.
The pendulum swings both ways when it comes to searching for and qualifying for a home. Many times buyers qualify for much more than what they think they can. Other times buyers are setting their sites on homes that are just out of their reach.
We want you to be the smarter home buyer.
We want you to work more efficiently with your time throughout your home buying journey, because buying a home shouldn’t take any more of your precious time than necessary.
Figuring out your purchasing price range early on in the home buying process will help keep you focused in on your target and keep you from looking at homes that don’t fit within your needs.
Are you less than a year away from purchasing a home?
It really depends on what stage you are in the home buying process as to how you should go about figuring out your price range.
If you are less than a year away from purchasing a home, then now is the time to consult a mortgage lender.
It’s critical to speak with a mortgage professional. They have the expertise to help you understand where you stand in regards to your credit and finances. They can give you the road map you need to have your financial affairs in order, so that when it’s time to make an offer on your dream home, you are ready!
Are you more than a year away from purchasing a home? Just work the numbers.
If you are over a year from purchasing a home, you’re probably fine with using a good mortgage calculator to see where you fit in.
If you are currently renting, are comfortable with the monthly rent payment and it is within your means, then you can just work the numbers backward to see what your potential purchase price would be. Once you’ve done that, you can feel pretty good that the homes you are researching and looking for are right for you!
Check out this quick video on how to use a mortgage calculator to figure out your home buying price range.
1846 S Yucca – Mesa, Arizona 85202
1846 S Yucca – Mesa, Arizona 85202 –
Dobson and Baseline – 1846 S Yucca Mesa, AZ 85202 – Dobson Shores – An amazing waterfront property for sale in the Dobson Shores subdivision. 3 bedrooms 2.5 baths 2191 square feet , 2 car garage with a pool.
For a private showing call 602-476-2727
Search the Arizona Regional MLS just like an agent at www.SearchMyAZHome.com
Short Sales -Foreclosures – July 2013
The Arizona Short Sales – Foreclosures – July 2013 report is in. This month’s report portrays the continuing downward trend in short sales and foreclosures (aka Bank Owned or REO properties) here in Arizona and particularly the Valley. The areas included for the Arizona Short Sales – Foreclosures – July 2013 report are Chandler, Gilbert, Mesa, Phoenix, Queen Creek, San Tan Valley, Phoenix, Scottsdale and Tempe, Arizona.
Arizona Short Sales – Foreclosures – July 2013 – Let’s take a look at the total number of distressed sale units by City:
- Chandler – 41 Homes for sale
- Gilbert – 57 Homes for sale
- Mesa – 132 Homes for sale
- Phoenix – 286 Homes for sale
- Queen Creek – 24 Homes for sale
- San Tan Valley – 47 Homes for sale
- Scottsdale – 67 Homes for sale
- Tempe – 25 Homes for sale
Concentrations of active short sales across the Valley in Arizona, by zip code.
Foreclosures for the Valley, here in Arizona. July 2013.
Declining Supply of Distressed Home Sales in Arizona
This report reinforces the fact that the distressed home sale market in Phoenix, Arizona is continuing to decline, while normal or traditional sales continue to play an even larger role in the overall real estate market. The ever increasing numbers of traditional home sales here in the Valley corresponds to the continued rise in home values, especially as the inventory for homes for sale here in Phoenix, Arizona continue to stay at record lows. To see an overview of the Phoenix real estate market for July, including the total distressed sales year over year summary, click here.
These number are compiled by the Arizona Regional Multiple Listing Service on a monthly basis. See the Distressed Sales Report, including an interactive map in it’s entirety.
If you would like a detailed, confidential market anyalysis of your home, click below.