Scottsdale, Arizona
With market changes taking place rapidly, in addition to our monthly e-newsletter, we will also be providing a weekly blog for those who prefer to receive information more than once per month.
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2009
Nov. 20, 2009
Inventory in the Phoenix market is still varying dramatically in different areas of the Valley. It is very much a seller’s market in the West and East Valley (between 3 to 4 months of supply in those areas), and very much a buyer’s market elsewhere, a
Nov. 13, 2009
As we near the holidays, we are seeing the seasonal increase in inventory, but the increase has been gradual and not dramatic, as some had feared. Year over year, the market is seeing a significant increase in the number of short sales that are closing.
Nov. 6, 2009
According to the Cromford Report, demand is still rising faster than supply, and fewer Notices of Trustee sale were filed in October than the previous month.
Oct. 30, 2009
We are not seeing significant changes to where the market activity is taking place. We are still seeing 94% of all properties that are selling listed under $400,000. The greatest activity and least supply is still happening in the West Valley (Peoria an
Oct. 23, 2009
Forecast for the Phoenix market looking very optimistic, according to R.L. Brown. Whitney Tilson indicates that the nation is watching Arizona to lead the way out of the real estate slump.
Oct. 16, 2009
The Northwest and Southeast Valley markets are still seeing the heaviest activity with Scottsdale, Fountain Hills and Paradise Valley lagging behind
Oct. 2, 2009
We are seeing the typical seasonal flattening of the market, however, the demand market has remained under $400,000 which accounts for 94% of the sales.
Sep. 24, 2009
The vast majority of the sales are currently taking place in the West Valley where Glendale has a 2.7 months supply Peoria has a 3.6 months supply of inventory; versus Scottsdale at 9.2 months, and Fountain Hills at 14.4 months.
Sep. 18, 2009
The average single family detached foreclosure is 10% larger than it was six months ago (2122 square feet, versus 1928 square feet) suggesting that foreclosures may be moving up the market.
Sep. 11, 2009
Valley-wide, inventory is at a 4.5 month supply; however, inventory movement is still varying widely between the different areas of the Valley. The Southwest Valley is seeing inventory move very quickly and is at 2.5 month supply of inventory, however, Sc
Sep. 4, 2009
We are continuing to see the number of foreclosures in our market shrink. It is rumored that the lenders are working diligently to put effective methods in place for quickly and effectively approving short sales within a 7 day period, and to be able to c
Aug. 28, 2009
For those who like good news/bad news scenarios, you will enjoy this week’s report….
Aug. 21, 2009
The real estate roller coaster appears to have fewer terrifying drops recently.
Aug. 14, 2009
Reviewing year over year data for the same time period last year, we can see that pending sales are up 58% and closed transactions, or sold properties have increased 63%.
Aug. 7, 2009
Are you an optimist or a pessimist about our current market?
Aug. 1, 2009
The strong declines to the inventory that we were seeing with each weekly snap shot have departed for the past few weeks, however, for the moment, we are not seeing a sudden swell of inventory, or a sudden surge in foreclosures coming onto the market eith
Jul. 25, 2009
According to the Cromford Report, price per square foot increases on foreclosed properties have slowed a bit in recent weeks. REO inventory and interest are waning.
Jul. 10, 2009
Foreclosure inventory is decreasing, which is decreasing the number of foreclosures selling and increasing traditional seller owned sales, which is gradually increasing pricing in some sectors
Jun. 26, 2009
Foreclosure inventory is decreasing and the average list price per square foot is increasing.
Jun. 19, 2009
The Phoenix, Arizona market continues to see inventory decrease, and the absorption of the number of available homes increase. Could the market be correcting?
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