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 |
