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Jul. 31, 2006 - A glamorous profession

Yes, real estate is a glamorous profession ... the agent in question at the top of yesterday's story in the Arizona Republic is one of my company's top producers. And, apparently, one of our nimblest agents ...

http://www.azcentral.com/arizonarepublic/news/articles/0730emotional0730.html

For more information about the Phoenix Arizona Real Estate market, visit my comprehensive website at http://www.DaltonsAzHomes.com!

Jul. 29, 2006 - Phoenix active listings through 7/29

Here are the latest active listing figures, single-family homes only, data provided by ARMLS.

For the second consecutive week, the number of active listings in Anthem has dropped:

CITY	ACTIVE LISTINGS	% CHANGE
Phoenix	7,170	+ 1.7%
Glendale	1,969	+ 2.0%
Peoria	1,757	+ 1.5%
El Mirage	486	- 3.5%
Surprise	2,251	+ 0.9%
Avondale	1,052	+ 1.7%
Goodyear	1,155	+ 0.3%
Tolleson	341	+ 4.3%
Buckeye	761	+ 4.0%
Anthem	825	- 1.1%
Scottsdale	2,845	+ 0.7%
Mesa	3,012	+ 0.3%
Tempe	450	+ 3.5%
Gilbert	2,611	- 0.01%
Chandler	2,346	+ 0.01%
Queen Creek	2,340	Even
Maricopa	777	+ 0.2%
TOTAL	39,103	+ 0.1%

And, finally, the sale numbers I've been promising along with the absorption rate, or the number of months supply of homes, in each city. Remember, a 5-month supply of homes is considered to be a balanced market:

CITY	SOLD 6/29/06-7/28/06	Abs. Rate	Buyer/Seller Mkt
Phoenix	1,421	5.0 months	Neutral
Glendale	365	5.4	Neutral/Buyer
Peoria	227	7.7	Buyer
El Mirage	70	6.9	Buyer
Surprise	243	9.3	Buyer
Avondale	123	8.6	Buyer
Goodyear	98	11.8	Buyer
Tolleson	44	7.8	Buyer
Buckeye	79	9.6	Buyer
Anthem	53	15.6	Buyer
Scottsdale	394	7.2	Buyer
Mesa	536	5.6	Neutral/Buyer
Tempe	115	3.9	Seller
Gilbert	345	7.6	Buyer
Chandler	375	6.3	Buyer
Queen Creek	200	11.7	Buyer
Maricopa	75	10.4	Buyer
TOTAL	5,448	7.2	Buyer

For more information about the Phoenix Arizona Real Estate market, visit my comprehensive website at http://www.DaltonsAzHomes.com!

Jul. 22, 2006 - Phoenix area real estate stats thru 7/22

Here's the latest figures for active homes, as of Saturday July 22. Keep in mind this only includes single-family homes listed in ARMLS:

CITY	ACTIVES	% CHANGE
Phoenix	7,049	+ 1.6%
Glendale	1,930	+ 1.8%
Peoria	1,731	+ 0.9%
El Mirage	503	+ 1.8%
Surprise	2,232	- 0.1%
Avondale	1,034	+ 1.7%
Goodyear	1,152	+ 1.3%
Tolleson	327	- 2.7%
Buckeye	732	+ 3.5%
Anthem	834	- 1.2%
Scottsdale	2,825	+ 0.8%
Mesa	3,003	+ 2.3%
Tempe	435	+ 4.6%
Gilbert	2,623	+ 1.7%
Chandler	2,333	+ 1.3%
Queen Creek	2,337	+ 0.6%
Maricopa	762	+ 0.5%
TOTAL	38,720	+ 1.2%

I'll add some sales data soon and get back to the absorption rate idea as well.

Talk to you soon!

For more information about the Phoenix Arizona Real Estate market, visit my comprehensive website at http://www.DaltonsAzHomes.com!

Jul. 17, 2006 - Phoenix homes sales

Here's an interesting article from the Arizona Republic on Saturday ... take note of the comparisons to the Las Vegas market and the analysis of who remains here in the Phoenix market.

In other words, I'm not the only one differentiating between investors and last year's speculators:

http://www.azcentral.com/news/articles/0717piggybank0717.html

For more information about the Phoenix Arizona Real Estate market, visit my comprehensive website at http://www.DaltonsAzHomes.com!

Jul. 16, 2006 - Real estate absortion rate

Yesterday I mentioned absorption rate as it relates to real estate.

In a nutshell, absorption rate puts the number of homes currently on the market in relative terms - the number of months needed at current sales rates for the full inventory of homes to be sold. This can be computed on any scale, though the numbers carry less meaning with smaller sample sizes.

I'll use hypothetical numbers for an example then will start providing more city-specific data tomorrow ...

Let's say there are 100 homes for sale in a given city. Last month, 20 homes sold in that city. Dividing the number for sale by the number sold, there currently is a 5-month supply of homes on the market (100/20). But suppose only 10 homes sold the month before - that means there is a 10-month supply of homes.

Like many statistics, the raw numbers themselves aren't important on their own - they need context. And that context can be found in month-over-month comparison and trend analysis. If the number of months for which there is supply is rising month over month, it indicates a market where buyers increasingly have the upper hand. Conversely, declining month over month numbers indicate a sellers' market.

A balanced market, so the theory goes, comes with a five-month supply of homes on the market.

We'll start looking at some real examples tomorrow ...

Talk with you soon.

For more information about the Phoenix Arizona Real Estate market, visit my comprehensive website at http://www.DaltonsAzHomes.com!