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Real Estate Market Statistics April 2014 – Phoenix

April 15, 2014 By Nathan Mitchell

Real Estate Statistics April 2014 - Phoenix

 

Real Estate Market Statistics April 2014 – Phoenix, Arizona

 

Monthly home sales for Phoenix, Arizona April 2014

Real Estate Statistics April 2014 - Phoenix - Monthly Home Sales

As predicted last month, the sales for resale real estate increased in March by close to 23% month over month.  Year over year numbers are down by about 18%, which is also in line with last months numbers.  We should see a decent increase in monthly sales again next month.

New inventory for resale homes

Real Estate Statistics April 2014 - Phoenix - New Inventory

New inventory for resale homes continues to follow predictable trends for this time of year.  10,557 new resale homes came on the market for the month, representing an 8.8% month over month and year over year increase.

Total inventory for resale homes

Real Estate Statistics April 2014 - Phoenix - Total Inventory

29,939 total homes were on the market in Phoenix at the time of this publication.  We’ll be able to see more in the coming months, as to how the total inventory increase plays out.  It does appear at this point that we have a slowing of the increase in total resale inventory.

Active inventory vs. homes under contract (UCB)

Real Estate Statistics April 2014 - Phoenix - Actives vs UCB

Months supply of inventory

Real Estate Statistics April 2014 - Phoenix - Months Supply of Inventory

Months supply of resale home inventory has seen a slight down-tick as buying increases.  This is another typical condition for this time of year.

New List Prices

Real Estate Statistics April 2014 - Phoenix - New List Prices

As predicted last month, the average list price for resale homes has also come down a bit month over month.  As days on market remain in the 80-90 range, we should continue to see slight downward pressure on new list prices.

Sale Prices

Real Estate Statistics April 2014 - Phoenix - Sale Prices

Sales price forecast

Real Estate Statistics April 2014 - Phoenix - Sales Price Forecast

Pending foreclosures

Real Estate Statistics April 2014 - Phoenix - Pending Foreclosures

Distressed sales

Real Estate Statistics April 2014 - Phoenix - Distressed Sales

Average days on market

Real Estate Statistics April 2014 - Phoenix - Average Days On Market

As monthly sales climb, we see downward pressure on days on market.

 

The market seems to be acting very predictably at this time.  Continued buying and slightly lower new list prices should continue to fuel a healthy real estate market for the Phoenix Metro area.

 

Real Estate Market Statistics April 2014

Filed Under: Blog, Real Estate Market Statistics Tagged With: Phoenix Arizona real estate, Phoenix days on market, Phoenix home prices, Phoenix home sales, Real Estate Market Statistics

5 Critical Real Estate Market Stats That You Will Know

March 12, 2014 By Nathan Mitchell

Know Your Real Estate Market

In the previous post, 1 Click To Instant Access, you gained direct access to the coveted “real time” sales data for the real estate market.  This live information gives you the advantage over your average buyer, who regularly relies on old information from bigger “3rd party” websites.

You now search for homes more effectively.

Having the latest sales data is just the beginning and a key building block to your home purchase success.

It is critical that you put this information into perspective.

Where should you begin?

A great by-product of having this home buying and selling information at your fingertips is the fact that you can actually track it’s history.  By looking at the past real estate market, you will gain greater insight on how things are today.

If you have been researching the real estate market for a while now, you might have picked up a feel for the current climate.

If you’re just now jumping into the real estate market, sometimes taking in so much information at once can feel like drinking from a fire hose. It can be very difficult to keep anything, much less the sales numbers and averages straight.

With that in mind, we have compiled all of the numbers for you and put them into easy to understand charts.

Now It’s Easy For You.

Getting to know the real estate market here in the Phoenix Metro area is very simple, now that you have us on your side.

Every month, we post the historical sales data from the Arizona Regional Multiple Listing Service right here on our site.  This market report will help you understand the current real estate market climate.

You always have access to the following statistics and more:

  1. Number of monthly home sales, compared month to month and year to year.
  2. Monthly resale home inventory levels.
  3. How many months supply of resale home inventory.
  4. Average and median resale home listing prices.
  5. Average and median monthly sales prices.

Click here to see our latest installment of our monthly real estate market updates.

With our Multiple Listing Service home search tool and our monthly market statistics, you will quickly understand the reality of your real estate market.

In very little time,  you’ll probably know more about the real estate market in Phoenix than many agents do!

To your success.

 

 

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona real estate, Phoenix Homes for sale, Phoenix Real Estate, real estate, real estate market, Real Estate Market Statistics

Real Estate Statistics January 2014 – Phoenix

January 21, 2014 By Nathan Mitchell

January 2014 Real Estate Statistics

 

January 2014 Real Estate Statistics

Phoenix Arizona

 

Monthly Homes Sales for Phoenix, Arizona January 2014

Real Estate Statistics January 2014 Monthly Sales

 New Inventory Resale Homes

Real Estate Statistics January 2014 - New Inventory

Total Inventory

Real Estate Statistics January 2014 - Total Inventory

Active Inventory vs. UCB (Homes Under Contract)

Real Estate Statistics January 2014 - Active Inventory

Months Supply Of Inventory

Real Estate Statistics January 2014 - Months Supply of Inventory

New List Prices

Real Estate Statistics January 2014 - New List Prices

Sales Prices

Real Estate Statistics January 2014 - Sales Prices

Sales Price Forecast

Real Estate Statistics January 2014 - Sales Price Forecast

Foreclosures Pending

Real Estate Statistics January 2014 - Foreclosures Pending

Distressed Sales

Real Estate Statistics January 2014 - Distressed Sales

Average Days On Market

Real Estate Statistics January 2014 - Average Days on Market

 

 

 

 

Filed Under: Blog, Real Estate Market Statistics Tagged With: Arizona, Foreclosure, Home Sale, Homes Sale Prices, Inventory, Market Statistics, Monthly Sales, Phoenix, Phoenix Arizona, Phoenix Metropolitan Area, Price Forecast, Real Estate Market Statistics, Real Estate Statistics January 2014, Sale Price

Market Statistics July 2013 – Phoenix, AZ

July 20, 2013 By Nathan Mitchell

 

Market Statistics July 2013 - Phoenix, AZ

 

 

Market Statistics July 2013 – Phoenix, AZ

The Market Statistics July 2013 – Phoenix, AZ post includes real estate market statistics for the surrounding cities, which we collectively call “The Valley.”  These cities include (not limited to)  Chandler, Gilbert, Mesa, Phoenix,  Queen Creek, San Tan Valley, Tempe and Scottsdale, Arizona.

Monthly Sales

Month over month home sales in the Valley dropped off by 12.8% from May, down to 8,228 total units.  It’s very typical to see some decline in home sales this time of year as temperatures can hit the mid 110’s.  More than likely we will see a little more slow down when we see the July numbers.  Year over year numbers are up slightly by 1.2%.

Monthly Sales Market Statistics July 2013 - Phoenix, AZ

 

New Inventory

New home inventory is also down for the month of June, as many potential sellers may have escaped the Valley for cooler weather.

New Inventory Market Statistics July 2013 - Phoenix, AZ

 

Total Inventory

Total home inventory for the Phoenix area has remained fairly flat over the past few months.  Coupled with low average market times, this reflects continued buying demand.

Total Inventory Market Statistics July 2013 - Phoenix, AZ

 

 Average Days on Market

Average Day on the Market Market Statistics July 2013 - Phoenix, AZ

 

Active vs UCB

The total number of active homes for sale  that are not under contract has come in at 15,725.  The total number of active homes that are under contract and accepting backups are at 3,786, which is 19% of the total actives.

Active Homes vs UCB Homes Market Statistics July 2013 - Phoenix, AZ

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Months Supply Of Inventory

The months supply of inventory of homes for sale ticked up a bit to 2.37.  This figure is based on how many months it would take to deplete our inventory based on current buying demand.

Months Supply on Inventory Market Statistics July 2013 - Phoenix, AZ

Pending Foreclosures

Pending foreclosures continue their downward trajectory. This long term downward trend should ease many concerns about the impending shadow inventory.Pending Foreclosures Market Statistics July 2013 - Phoenix, AZ

 

Distressed Sales

Distressed home sales are also down year over year in the Valley.  A great indicator of continuing strengthening of the real estate market here in the Phoenix area.

Distressed Sales Market Statistics July 2013 - Phoenix, AZ

 

Market Statistics July 2013 – Phoenix, AZ – Click here for the entire report.

 

 

If you would like a free market analysis of your home and to find out what your home is worth, let us know below. We are happy to help you and will contact you shortly.

Home Sale Market Analysis

 

 

 

Filed Under: Real Estate Market Statistics Tagged With: Arizona real estate, Days on Market Phoenix Arizona, Distressed Sales Arizona, Homes for sale in Arizona, Homes sold in Phoenix, Months of Inventory Arizona, Phoenix Real Estate, Real Estate Market Statistics, Shadow Inventory Arizona

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Hunter Clark
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Nathan Mitchell
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