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Phoenix Real Estate Market stats thru 11/13

Nov. 13, 2006
Categorized in: Phoenix market stats
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