Dec. 27, 2006 - Phoenix Real Estate Stats through 12/26 |
The supply of homes continued to fall over the past week, with sales for the past 30 days holding roughly steady if not slightly higher. I'm expecting to see the supply trend change within the first two weeks of the new year as owners prepare to put their homes on the market, either for the first time or after pulling them off the market for the holidays.
Phoenix Arizona Real Estate market stats through 12/26/06
| CITY |
SOLD 11/26-12/26 |
ACTIVE 12/26 |
Absorption Rate
as of 12/26/06 |
Change |
Buyer/Seller |
| Ahwatukee |
19 |
83 |
4.37 months |
-0.28 |
Seller |
| Anthem |
38 |
567 |
14.92 |
-1.36 |
Buyer |
| Avondale |
109 |
786 |
7.21 |
-0.04 |
Buyer |
| Buckeye |
74 |
752 |
10.16 |
-1.89 |
Buyer |
| Carefree |
3 |
94 |
31.33 |
-16.17 |
Buyer |
| Cave Creek |
38 |
471 |
12.39 |
0.86 |
Buyer |
| Chandler |
330 |
1,834 |
5.56 |
-0.48 |
Buyer/Neutral |
| Desert Hills |
14 |
177 |
12.64 |
-1.20
|
Buyer |
| El Mirage |
54 |
348 |
6.44 |
-0.20 |
Buyer |
| Fountain Hills |
38 |
377 |
9.92 |
-0.43
|
Buyer |
| Gilbert |
312 |
1,998 |
6.40 |
-0.37 |
Buyer |
| Glendale |
251 |
1,773 |
7.06 |
-0.10 |
Buyer |
| Goodyear |
110 |
948 |
8.62 |
-1.81 |
Buyer |
| Laveen |
59 |
377 |
6.39 |
-0.29 |
Buyer |
| Litchfield Park |
34 |
376 |
11.06 |
-1.61 |
Buyer |
| Maricopa |
67 |
748 |
11.16 |
-1.84 |
Buyer |
| Mesa |
432 |
2,689 |
6.22 |
-0.22 |
Buyer |
| Paradise Valley |
24 |
255 |
10.63 |
-1.71 |
Buyer |
| Peoria |
181 |
1,565 |
8.65 |
-0.23 |
Buyer |
| Phoenix |
1,162 |
6,547 |
5.63 |
0.03 |
Buyer |
| Queen Creek |
150 |
1,610 |
10.73 |
0.32 |
Buyer |
| Scottsdale |
311 |
2,834 |
9.11 |
-0.49 |
Buyer |
| Sun City |
74 |
595 |
8.04 |
-0.15 |
Buyer |
| Sun City West |
46 |
509 |
11.07 |
-0.29 |
Buyer |
| Surprise |
195 |
1,967 |
10.09 |
-0.04 |
Buyer |
| Tempe |
97 |
375 |
3.87 |
-0.32 |
Seller |
| Tolleson |
29 |
271 |
9.34 |
-0.69 |
Buyer |
| Waddell |
14 |
100 |
7.14 |
0.77 |
Buyer |
| TOTAL |
4,179 |
30,193 |
7.22 |
-0.26 |
Buyer |
(c) Jonathan Dalton, 2006 / Jonathan Dalton's Arizona Homes
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• 2 Comments • Permanent Link
View more entries tagged with: Absorption Rate, Phoenix Arizona, Real Estate, Market Conditions |
Dec. 27, 2006 - re: Phoenix Real Estate Stats through 12/26 |
| Posted by Brian Brady |
| This chart is really helpful. I think it's interesting that Ahwatuke and Tempe, two desireable, built-out "towns" have turned "Seller". Could this be the beginning of a trend? |
| Permanent Link |
Dec. 28, 2006 - re: Phoenix Real Estate Stats through 12/26 |
| Posted by Jonathan Dalton |
As much as I would like to say that it was, I'm not so certain. In Tempe, the city isn't just built-out and landlocked but has been for the better part of 20 - 25 years. Very finite supply and relatively stable pricing given the age of the homes ... that will keep homes moving.
An eye-opener for me was taking a client through the Lakes and seeing how unimpressed they were with the area. Of course, lakeside living isn't new anymore, but when I moved here in '77 that was the place to be. |
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