The Phoenix real estate market continued on an upward price trend in the month of October. The average sale price for homes in Phoenix increased significantly (up 4%) over September. Couple that with September's price increase of 6% and we have some steady price appreciation going on. And homes are selling much quicker these days as evidenced by the sharply decreasing number of days on market for those homes that did sell. The bidding wars and multiple offers on well priced homes are continuing and even the well priced non-distressed homes are selling quickly. If you're looking to purchase a home here in the Valley of the Sun, you better make a move soon.
Here are October's numbers through the week ending 10/31/09:
Active Listings: 7166 (up 4% from September '09)
Homes Pending: 4,581 (down 5% from September '09)
Homes sold in last 30 days: 2,162 (up 5% over September '09, up 57% from October '08)
Burn rate (Inventory on market/by homes sold last 30 days) = 2 months supply
Avg. Sale price (Solds): $132,920 (Up 4%from September '09, Down 24% from October '08)
Avg. price per sq. ft. (Solds): $74.13 (Up$2 per sq. ft. from September '09, Down 25% from October '08)
Avg. Days on Market (Solds): 84 (Down 1 days from September '09, Down 29 days, 26% from October '08)
To learn more about Phoenix real estate click here
The Anthem AZ real estate marketis still moving along nicely, at least according to October's statistics. Even though the number of homes has inched up slightly over the past couple of months we continue to see the average sale price move up. And the year to year decrease in Average Sales Price continues to narrow. Which tells us the worst is behind us. The burn rate is down to 2 months now, and the average days on market has fallen to 68. Based on those statistics we have a traditional seller's market in Anthem. Anthem's housing market looks to be once again on stable footing. This does not mean we will not see more foreclosures on the market in the forseeable future, but it looks like the bloodbath of the past three years is finally over. It's safe to get back in the water.
Here are the lastest stats for the week ending 10/31/09:
Active Listings: 211 (Up 7% from Sept. '09)
Homes Pending: 260 (Up 1% from Sept. '09)
Homes sold in last 30 days: 91 (Down 17% from Sept. '09, Up 18% over Oct. '08)
Burn rate (Inventory on market / by homes currently under contract) = 2 months supply
Avg. Sale price (Solds): $232,417.00 (Up 1% from Sept. '09, Down 9% from Oct. '09)
Avg. price per sq. ft. (Solds): $94.27 (Up $3.29 per Sq. Ft. from Sept. '09, Down 11% from Oct. '08)
Avg. Days on Market (Solds): 68 (Down 7 days from Sept. 09, Down 36 days, 35% from Oct. '08)
The other day I posted a blog about dogs in listed homes for sale during viewings.
Well, as fate would have it, the very next day, my business partner got bit by a dog. Not while showing homes mind you, while riding his bike on a public path.
Dogs are dogs, you really can't blame them. They're just reacting instintively. But THAT'S the problem with leaving dogs unattended in homes. They may act as the most loving member of your home when they're around you. But they are still animals. They are not human. They do not have the rationale or intelligence of humans beings. They react instinctively, which usually means agressively, when a stranger approaches them or enters their home.
I received about a dozen responses to my previous post on this subject. Many were horror stories about agents being bitten or nearly bitten by dogs in homes.
Folks, it is your responsibility as the owner of the dog to ensure that everyone who is around the dog is safe. If you can't do that, you need to make sure the dog is secure and cannot harm anyone.
For information about Phoenix real estateclick here.
I love dogs just as much as the next person. And most dogs love me. However, not all. In fact the only time I've been bitten by a dog in my life was on a home showing.
I called ahead to let the owner know we'd be taking a look that day. He said his dog was in the house but, "he's a teddy bear, he shouldn't be a problem". Well the teddy bear turned out to be more like a Grizzly bear, snapping at my hand when I opened the door and extended it (my hand) for him to sniff before we entered. Luckily he just nipped me. But still, my clients did not wish to go any further.
Just today I scheduled to show two homes, both had dogs, both owner said the dogs were in the house but wouldn't be a problem.
The first home we went to look at the dog was right there at the door to greet us, teeth bared, deep snarl. Not a friendly greeting. Needless to say, we did not see that home.
The second home with a dog we were to view had "just a little Daschund, he won't do you any harm". When we opened the door, again the dog was there to greet us. Yapping it's little head off, proceeding to bite and shake the front door mat violently. Again, not a friendly greeting. And again, we left hastily.
My point being is sellers, if you REALLY want to sell your home, you're going to have to put the dogs away during the day (if you have dogs). Either in the backyard, garage, or at a neighbor's who wouldn't mind watching them.
You are loosing valuable showings on your home. And in this market, where buyers hold the upper hand, and the selection of homes is plentiful, it can mean the difference in getting the home sold or not.
To learn more about Phoenix, Anthem AZ, or Scottsdale real estate click here.
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
The other day I posted a blog about dogs in listed homes for sale during viewings.
I love dogs just as much as the next person. And most dogs love me. However, not all. In fact the only time I've been bitten by a dog in my life was on a home showing.
;)
;)
