Nov. 13, 2006 - Phoenix Real Estate Market stats thru 11/13 |
Back on schedule with the update, and should be able to stay on schedule now that I found a somewhat quick method of posting all of the information. There were slight downticks in the absorption rate in the bulk of cities I track, but a slight uptick in the Maricopa County absorption rate despite a decline in active listings. Why? Fewer sold listings. Expect that trend of decreasing inventory and decreased sales to continue through year's end, though at least in my office I'm seeing more sales than I'd normally expect in November.
NOTE: You may notice I've added Carefree, Cave Creek, Desert Hills and Paradise Valley to the tracking. We'll have something for the change field next week on these four cities. I tried adding Guadalupe but there were no active listings.
Phoenix Arizona Real Estate market stats through 11/13
| CITY |
SOLD 10/13-11/13 |
ACTIVE 11/13 |
Absorption Rate
as of 11/13/06 |
Change |
Buyer/Seller |
| Ahwatukee |
15 |
107 |
7.13 months |
-2.59 |
Buyer |
| Anthem |
36 |
664 |
18.44 |
1.32 |
Buyer |
| Avondale |
122 |
923 |
7.57 |
-0.30 |
Buyer |
| Buckeye |
68 |
807 |
11.87 |
-0.24 |
Buyer |
| Carefree |
3 |
95 |
31.67 |
|
Buyer |
| Cave Creek |
50 |
513 |
10.26 |
|
Buyer |
| Chandler |
303 |
2,219 |
7.32 |
0.37 |
Buyer |
| Desert Hills |
7 |
179 |
25.57 |
|
Buyer |
| El Mirage |
56 |
386 |
6.89 |
0.27 |
Buyer |
| Fountain Hills |
24 |
410 |
17.08 |
-4.55 |
Buyer |
| Gilbert |
271 |
2,312 |
8.53 |
-0.10 |
Buyer |
| Glendale |
298 |
1,996 |
6.70 |
0.07 |
Buyer |
| Goodyear |
91 |
1,073 |
11.79 |
-0.72 |
Buyer |
| Laveen |
83 |
382 |
4.60 |
-0.15 |
Seller |
| Litchfield Park |
35 |
411 |
11.74 |
-0.55 |
Buyer |
| Maricopa |
68 |
800 |
11.76 |
0.53 |
Buyer |
| Mesa |
454 |
2,971 |
6.54 |
0.03 |
Buyer |
| Paradise Valley |
22 |
256 |
11.64 |
|
Buyer |
| Peoria |
160 |
1,735 |
10.84 |
0.72 |
Buyer |
| Phoenix |
1,196 |
7,190 |
6.01 |
0.18 |
Buyer |
| Queen Creek |
160 |
1,833 |
11.46 |
-0.17 |
Buyer |
| Scottsdale |
320 |
3,064 |
9.58 |
-0.11 |
Buyer |
| Sun City |
57 |
588 |
10.32 |
0.73 |
Buyer |
| Sun City West |
36 |
489 |
13.58 |
0.28 |
Buyer |
| Surprise |
215 |
2,158 |
10.04 |
-0.49 |
Buyer |
| Tempe |
87 |
454 |
5.22 |
None |
Neutral |
| Tolleson |
46 |
292 |
6.35 |
-0.72 |
Buyer |
| Waddell |
10 |
102 |
10.20 |
-4.66 |
Buyer |
| TOTAL |
4,162 |
33,435 |
8.03 |
0.08 |
Buyer |
(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes(c) Jonathan Dalton, 2006 / Jonathan Dalton\'s Arizona Homes |
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Nov. 7, 2006 - Phoenix Arizona market stats thru 11/7 |
A flurry of recent listings and a rush of buyers' activity has prevented me from posting the absorption rate numbers for the Phoenix area, though I've been tracking them steadily since the middle of July.
Here's this week's edition - as always, single-family homes only and all data provided by ARMLS. Also, I'll be posting back data for past weeks over the next few days and also backdating the posts. Those with an RSS feed likely will still see them pop up, but I won't be sending the back data to the mailing list. What's done is done, after all, but there's value in posting for posterity.
Phoenix Arizona Real Estate market stats through 11/07
| CITY |
SOLD 107-11/7 |
ACTIVE 11/7 |
Absorption Rate
as of 11/7/06 |
Change |
Buyer/Seller |
| Ahwatukee |
11 |
107 |
9.73 months |
-3.16 |
Buyer |
| Anthem |
39 |
668 |
17.13 |
-3.17 |
Buyer |
| Avondale |
122 |
960 |
7.87 |
-0.44 |
Buyer |
| Buckeye |
68 |
823 |
12.10 |
-0.25 |
Buyer |
| Chandler |
322 |
2,239 |
6.95 |
-1.38 |
Buyer |
| El Mirage |
59 |
391 |
6.63 |
-1.49 |
Buyer |
| Fountain Hills |
19 |
411 |
21.63 |
1.77 |
Buyer |
| Gilbert |
271 |
2,338 |
8.63 |
-1.67 |
Buyer |
| Glendale |
301 |
1,994 |
6.62 |
-1.10 |
Buyer |
| Goodyear |
86 |
1,076 |
12.51 |
-1.26 |
Buyer |
| Laveen |
80 |
380 |
4.75 |
-0.97 |
Seller |
| Litchfield Park |
34 |
418 |
12.29 |
-0.43 |
Buyer |
| Maricopa |
69 |
775 |
11.23 |
-0.34 |
Buyer |
| Mesa |
455 |
2,965 |
6.52 |
-1.47 |
Buyer |
| Peoria |
175 |
1,771 |
10.12 |
-1.84 |
Buyer |
| Phoenix |
1,241 |
7,233 |
5.83 |
-0.94 |
Buyer/Neutral |
| Queen Creek |
162 |
1,884 |
11.63 |
-3.17 |
Buyer |
| Scottsdale |
316 |
3,059 |
9.68 |
-0.94 |
Buyer |
| Sun City |
61 |
585 |
9.59 |
-3.21 |
Buyer |
| Sun City West |
36 |
479 |
13.31 |
-0.69 |
Buyer |
| Surprise |
206 |
2,169 |
10.53 |
-0.22 |
Buyer |
| Tempe |
86 |
449 |
5.22 |
-1.41 |
Neutral |
| Tolleson |
42 |
297 |
7.07 |
0.97 |
Buyer |
| Waddell |
7 |
104 |
14.86 |
-13.14 |
Buyer |
| TOTAL |
4,225 |
33,622 |
7.96 |
-1.27 |
Buyer |
Also, by special request, I'll be tracking Cave Creek, Carefree, Desert Hills and Paradise Valley as of next week. Consider this a sneak preview: Cave Creek 10.36 months (50 sales/518 actives), Carefree 23.5 months (4/94), Desert Hills 22.6 months (8/181) and Paradise Valley 10.58 (24/254).
(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes |
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Sep. 9, 2006 - Phoenix Absorption Rate as of 9/9 |
Here's the latest absorption rate data for Maricopa County, single-family only and data provided by ARMLS. Today's big news ... there's a second city that has become a sellers' market here in the Valley.
Phoenix Real Estate Absorption Rate thru 9/9
| CITY |
SOLD 08/10 - 09/09 |
ACTIVE 9/9 |
Abs. Rate |
Change |
Buyer/Seller |
| Ahwatukee |
22 |
106 |
4.8 months |
- 0.6 months |
Seller/Neutral |
| Anthem |
53 |
784 |
14.8 |
- 2.3 |
Buyer |
| Avondale |
97 |
10,12 |
10.4 |
+ 0.2 |
Buyer |
| Buckeye |
77 |
775 |
10.1 |
+ 0.5 |
Buyer |
| Chandler |
346 |
2,334 |
6.7 |
- 0.2 |
Buyer |
| El Mirage |
78 |
462 |
5.9 |
- 0.5 |
Buyer/Neutral |
| Fountain Hills |
33 |
377 |
11.4 |
- 0.1 |
Buyer |
| Gilbert |
300 |
2,570 |
8.6 |
+ 0.3 |
Buyer |
| Glendale |
311 |
2,054 |
6.6 |
- 0.1 |
Buyer |
| Goodyear |
85 |
1,105 |
13.0 |
None |
Buyer |
| Laveen |
61 |
425 |
7.9 |
+ 0.5 |
Buyer |
| Litchfield Park |
43 |
479 |
11.1 |
- 0.2 |
Buyer |
| Maricopa |
61 |
761 |
12.5 |
+ 0.5 |
Buyer |
| Mesa |
432 |
3,096 |
7.2 |
+ 0.3 |
Buyer |
| Peoria |
228 |
1,793 |
7.9 |
+ 0.3 |
Buyer |
| Phoenix |
1,263 |
7,276 |
5.8 |
+ 0.2 |
Buyer/Neutral |
| Queen Creek |
170 |
2,172 |
12.8 |
- 0.2 |
Buyer |
| Scottsdale |
281 |
2,895 |
10.3 |
+ 0.8 |
Buyer |
| Sun City |
73 |
470 |
6.4 |
None |
Buyer |
| Sun City West |
50 |
376 |
7.5 |
- 0.1 |
Buyer |
| Surprise |
247 |
2,181 |
8.8 |
- 0.1 |
Buyer |
| Tempe |
98 |
473 |
4.8 |
+ 0.1 |
Seller/Neutral |
| Tolleson |
43 |
305 |
7.1 |
+ 0.8 |
Buyer |
| Waddell |
5 |
99 |
19.8 |
- 0.6 |
Buyer |
| TOTAL |
4,419 |
34,088 |
7.7 |
+ 0.1 |
Buyer |
(c) Jonathan Dalton, 2006 / Jonathan Dalton\'s Arizona Homes |
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Sep. 4, 2006 - Phoenix real estate update 9/2 |
Here are the latest numbers from the Phoenix real-estate market, single-family only with data provided by ARMLS. Numbers are through Saturday, though this is posting two days later.
Phoenix real estate absorption rate, 09/02/2006
| CITY |
SOLD 08/03 - 09/02 |
ACTIVE 9/2 |
Abs. Rate |
Change |
Buyer/Seller |
| Ahwatukee |
20 |
108 |
5.4 months |
- 0.2 months |
Neutral |
| Anthem |
49 |
791 |
16.1 |
- 0.1
|
Buyer |
| Avondale |
98 |
999 |
10.2 |
+ 0.4 |
Buyer |
| Buckeye |
80 |
764 |
9.6 |
- 0.2 |
Buyer |
| Chandler |
337 |
2,332 |
6.9 |
+ 0.2 |
Buyer |
| El Mirage |
70 |
451 |
6.4 |
+ 0.3 |
Buyer |
| Fountain Hills |
32 |
368 |
11.5 |
+ 0.2 |
Buyer |
| Gilbert |
311 |
2,583 |
8.3 |
Even |
Buyer |
| Glendale |
307 |
2,044 |
6.7 |
- 0.1 |
Buyer |
| Goodyear |
85 |
1,103 |
13.0 |
+ 1.1 |
Buyer |
| Laveen |
58 |
431 |
7.4 |
+ 0.1 |
Buyer |
| Litchfield Park |
42 |
473 |
11.3 |
- 0.8 |
Buyer |
| Maricopa |
64 |
770 |
12.0 |
- 0.8 |
Buyer |
| Mesa |
447 |
3,072 |
6.9 |
- 0.2 |
Buyer |
| Peoria |
236 |
1,789 |
7.6 |
- 0.5 |
Buyer |
| Phoenix |
1,286 |
7,239 |
5.6 |
Even |
Buyer/Neutral |
| Queen Creek |
170 |
2,209 |
13.0 |
+ 0.9 |
Buyer |
| Scottsdale |
298 |
2,838 |
9.5 |
+ 0.5 |
Buyer |
| Sun City |
70 |
449 |
6.4 |
- 0.7 |
Buyer |
| Sun City West |
48 |
366 |
7.6 |
- 0.1 |
Buyer |
| Surprise |
247 |
2,204 |
8.9 |
+ 0.3 |
Buyer |
| Tempe |
102 |
480 |
4.7 |
+ 0.2 |
Seller/Neutral |
| Tolleson |
41 |
323 |
7.9 |
- 0.2 |
Buyer |
| Waddell |
5 |
102 |
20.4 |
- 6.4 |
Buyer |
| TOTAL |
4,474 |
33,934 |
7.6 |
Even |
Buyer |
(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes |
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Aug. 26, 2006 - Phoenix Arizona Real Estate update |
Here are the latest numbers with one substantial change.
Rather than including all of the single-family listings in the Arizona Regional Multiple Listing Service, I've eliminated all non-Maricopa County homes from my totals. (While ARMLS is the "Maricopa County" MLS, many out-of-county listings also are in the system courtesy of member agents.) This resulted in the number of active listings declining by approximately 4,000 this week.
Also, I'm eliminating the second chart of active listings with week-over-week percentage change. As I've spent considerable time arguing that the number of active listings is meaningless without some additional perspective, it doesn't make sense for me to continue providing data I don't feel has any statistical utility.
And finally, now that we're several weeks into this, I'll provide some analysis of the data but likely will do so on a separate post in the interest of space.
Phoenix Arizona absorption rate thru 08/26/06
| CITY |
SOLD 07/27-08/26 |
ACTIVE 08/26 |
Abs. Rate |
Change |
Buyer/Seller |
| Ahwatukee |
19 |
107 |
5.6 months |
- 1.9 mos. |
Buyer/Neutral |
| Anthem |
51 |
828 |
16.2 |
+ 1.2 |
Buyer |
| Avondale |
103 |
1,007 |
9.8 |
+ 0.7 |
Buyer |
| Buckeye |
78 |
767 |
9.8 |
- 0.3 |
Buyer |
| Chandler |
345 |
2,321 |
6.7 |
+ 0.3 |
Buyer |
| El Mirage |
77 |
467 |
6.1 |
- 0.3 |
Buyer |
| Fountain Hills |
32 |
363 |
11.3 |
- 0.1 |
Buyer |
| Gilbert |
317 |
2,634 |
8.3 |
+ 0.3 |
Buyer |
| Glendale |
298 |
2,040 |
6.8 |
+ 0.3 |
Buyer |
| Goodyear |
96 |
1,144 |
11.9 |
+ 0.5 |
Buyer |
| Laveen |
58 |
426 |
7.3 |
- 0.6 |
Buyer |
| Litchfield Park |
39 |
488 |
12.5 |
+ 1.5 |
Buyer |
| Maricopa |
61 |
782 |
12.8 |
- 1.4 |
Buyer |
| Mesa |
436 |
3,079 |
7.1 |
+ 0.4 |
Buyer |
| Peoria |
217 |
1,767 |
8.1 |
+ 0.1 |
Buyer |
| Phoenix |
1,286 |
7,262 |
5.6 |
Even |
Buyer/Neutral |
| Queen Creek |
185 |
2,237 |
12.1 |
+ 0.1 |
Buyer |
| Scottsdale |
313 |
2,829 |
9.0 |
+ 0.6 |
Buyer |
| Sun City |
61 |
433 |
7.1 |
- 0.5 |
Buyer |
| Sun City West |
46 |
356 |
7.7 |
+ 0.3 |
Buyer |
| Surprise |
256 |
2,214 |
8.6 |
- 0.2 |
Buyer |
| Tempe |
108 |
483 |
4.5 |
+ 0.3 |
Seller |
| Tolleson |
42 |
340 |
8.1 |
- 0.4 |
Buyer |
| Waddell |
4 |
107 |
26.8 |
+ 6.2 |
Buyer |
| TOTAL |
4,487 |
34,096 |
7.6 |
- 0.2 |
Buyer |
(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes |
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