The Phoenix Real Estate Weekly

Scottsdale, Arizona

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The Phoenix Real Estate Weekly 9/11/09

Posted at The Phoenix Real Estate Weekly by Barb Savoy-Pacella

Sep. 11, 2009

Tagged with: az, gainey, kierland, paradise, phoenix, scottsdale

Visit our web site at www.pacellagroup.com to view properties for sale, or for additional information.

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, Scottsdale is at an 8.8 month supply.

Total sales volume has seen a traditionally seasonal slowing, but AWC and pending volumes are very high. This could be due to buyers who are waiting on short sale approvals making offers on multiple properties, not all of which they intend to perform on.

The big demand (over 90%) is still for properties priced under $400,000.

CURRENT CONDITIONS IN THE PHOENIX MARKET:

* There are 23,976 single family detached listings actively on the market today. That is an increase of 118 listings for the week.

* Total listings, including condos, patio homes, and town homes active in MLS today is 31,189.

Absorption rate and months of available supply are varying widely from one municipality to another. Please contact us at www.pacellagroup.com or information regarding a specific area

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