Phoenix Real Estate News

Phoenix Home Sales up 58% in Nov '08

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 11 Dec 2008 12:10:07 -0600

Phoenix Home Sales Update for Nov. 2008

A total 1095 homes was sold in Phoenix last November, an increase of 58% from November last year. This makes five consecutive months of positive sales growth for Phoenix residential real estate market.

Phoenix home sales declined 49% last February from a year ago. Since then, Phoenix home sales trend has been showing continuous improvements. July '08 was the first month Phoenix home sales turn from negative to positive growth.

The number of lender owned (REO) home sales in Phoenix also increased consistently during 2008. REO home sales in November accounted for 52% of total sales. Total 573 REO listings were sold last month with median price of $80,500 and combined agent days on the market (CDOM) was 68 days. November's cheapest REO home in Phoenix was sold for $12,000.

You can visit www.Arizona-bank-owned-homes.com to view lender owned (REO) homes for sale in Arizona. As of today (12/11/2008), more than 4,000 bank owned homes in Phoenix alone are for sale. Kellson Team offers free live search with full details. Registration is NOT required.

The statistical table below provide a good reference on Phoenix home sales (total MLS sales and REO sales) for the first 11 months of 2008.

MLS vs. REO sales	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	OCT	NOV	DEC
2008 MLS sales	592	617	776	953	1044	1202	1322	1272	1440	1324	1095
1-yr change (%)	-46%	-49%	-44%	-27%	-20%	-4%	21%	29%	88%	77%	58%
2008 REO sales	122	122	176	241	317	397	506	563	613	646	573
%REOs	21%	20%	23%	25%	30%	33%	38%	44%	43%	49%	52%

Should you have any question or comment, please contact Kellson Team at www.kellson.com. We offer one-stop-shop real estate services in greater Phoenix.

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix Bank Owned Home Sales for October 2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Sat, 01 Nov 2008 16:52:14 -0500

Phoenix Bank owned homes (REOs) - Market updates for Oct 2008

Greater Phoenix residential real estate market is currently dominated by bank owned homes or lender owned properties (aka REOs). More and more bank owned homes in Phoenix-Mesa metro area have been sold at very attractive prices. Median price of REOs is significantly lower than the overall sale price in most cities. In this report, we only look at 14 major cities in Phoenix-Mesa metro area (see table below).

Three cities with highest percentage of REO Sales

Buckeye, Tolleson and Avondale are three cities in our list with most REO sales. Total 137 homes sold in Buckeye, 88 of them, or 64%, are bank-owned homes. Percentage of REO sales in Tolleson is 62%. Avondale has 90 bank owned homes sold or 58 percent of total sales.

Phoenix has the lowest REOs median home price

Total 1,274 homes were sold in October and 624 of them, or 49%, are bank owned homes. Median price of Phoenix REOs is $99,700. It was $185,000 a year ago.

Median price vs. REOs price

REOs median price in Tempe , Scottsdale , Phoenix and Chandler are less than 80% of their overall median price. For example, Tempe overall median price is $223,000 while REOs median price is $138,000. Phoenix and Chandler both have REO price at 22% below their overall median price.

REOs Statistic Table for October 2008

This table shows you details about home sales, REO sales and their median prices.
Last update: 11/01/2008

City	Total Sales	REO Sales*	% REO Sales*	Median Price	REO Price*
Phoenix	1274	624	49%	$128,500	$99,700
Mesa	424	163	38%	$157,000	$128,000
Scottsdale	319	67	21%	$388,250	$270,000
Queen Creek	316	144	46%	$126,000	$119,950
Glendale	294	146	50%	$149,000	$120,500
Gilbert	289	98	34%	$231,000	$191,000
Surprise	277	126	45%	$162,500	$153,250
Chandler	240	68	28%	$229,250	$179,750
Peoria	186	67	36%	$217,000	$180,000
Avondale	156	90	58%	$145,450	$135,900
Buckeye	137	88	64%	$120,000	$114,500
Goodyear	126	54	43%	$165,000	$147,500
Tempe	82	13	16%	$223,000	$138,000
Tolleson	73	45	62%	$139,900	$130,900

*REO = Bank owned homes

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Where to find bank owned homes (REOs) in greater Phoenix ?

Kellson Team has created a REO blog to help you find bank owned homes (REOs) in greater phoenix. Click here or visit our REO webpage at http://activerain.com/groups/ArizonaREOs for details.

You will find Phoenix REOs, Scottsdale REOs, Mesa REOs, Chandler REOs, Gilbert REOs, Glendale REOs and bank owned homes in many other cities with full detail information: address, price, photos, virtual tours, features, description and much more.

Should you have any question, please call.

Best regards,

Sean Nguyen, Associate Broker
AZ Real Estate Broker ID: BR564478000
CA Real Estate Broker ID: 01454782
America ’s All in One Real Estate Services
1450 W. Guadalupe Rd , Bldg 4, Suite 132
Gilbert , AZ 85233
Direct 480-678-8222
Office 480-588-7611
Fax 480-588-7622
Email: sean@kellson.com
Web: www.Kellson.com
Free search for Arizona Residential, Commercial, Rental, Multifamily, Land, Lot Listings (updated daily)

Phoenix commercial/industrial properties for lease

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 02 Oct 2008 06:08:43 -0500

Are you looking for special/unique Phoenix commercial properties FOR LEASE that are not available anywhere on the WEB?

Kellson Team offers free custom search and update for Phoenix commercial properties FOR LEASE that are difficult to find anywhere else. The following subtypes of Phoenix commercial leases are available upon your request:

PHOENIX COMMERCIAL LEASE BY USE

- Automotive
- Fast Food
- Medical/Dental
- Mixed use properties
- Office
- Warehouse
- Recreational
- Restaurant
- Bar
- Retail PAD
- Food Service
- Mini storage
- Office
- Liquor
- Relegious facility
- Retail
- Service business
- Wholesale
- Others

PHOENIX COMMERCIAL LEASE BY BUILDING TYPE

- Phoenix commercial space for lease
- Phoenix industrial space for lease
- Phoenix office space for lease
- Phoenix warehouse space for lease
- Phoenix distribution space for lease
- Phoenix manufacturing space for lease
- Others

Phoenix special/unique homes for sale

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 02 Oct 2008 06:00:44 -0500

If you are looking for special/unique Phoenix homes for sale (such as REOs, Short Sale, Pre-foreclosre, seller cary back, fix up properties) you have come to the right place. We can help you.

Kellson Team offers free custom search and update for Phoenix special homes for sale that are difficult to find anywhere else. The following home subtypes will be delivered to our mailbox upon your request:

- Phoenix bank owned homes (REOs)
- Phoenix short sale homes
- Phoenix pre-foreclosure homes
- Phoenix fix up homes
- Phoenix basement homes
- Phoenix golf homes
- Phoenix lakeside homes
- Phoenix hillside homes
- Phoenix seller-carry-back homes
- Phoenix wraparound-mortgage homes
- Phoenix luxury homes
- Phoenix horse properties
- Phoenix cul de sac homes
- Phoenix corner lot homes
- Phoenix golf community homes
- Phoenix lake community homes
- Phoenix cheap homes
- much more...

We also offer free search and updates for Phoenix homes by architectural styles:

- Phoenix contemporary homes
- Phoenix spanish homes
- Phoenix Santa Fe homes
- Phoenix Tuscan homes
- Phoenix ranch homes

Phoenix unique commercial properties for sale

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 02 Oct 2008 05:44:33 -0500

Are you looking for special/unique Phoenix commercial properties (such as hospice facility, church, bar) that are not available anywhere on the WEB? We can help you.

Kellson Team offers free custom search and update for Phoenix commercial properties that are difficult to find anywhere else. The following subtypes of commercial properties are made available upon your request:

We also offer free search and updates for Phoenix commercial properties by building type:

- Phoenix commercial buildings
- Phoenix industrial buildings
- Phoenix office buildings
- Phoenix warehouse buildings
- Phoenix distribution buildings
- Phoenix manufacturing buildings
- Others

Phoenix short sale homes

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Wed, 01 Oct 2008 22:55:23 -0500

Phoenix short sale homes as of 10-01-2008

- Number of Phoenix short sale homes: 1069
- Median price: $150,000
- Search Phoenix short sale listings here.

Should you need more detail information, please contact Kellson Team or visit Kellson.com for free Arizona MLS property search (updated daily), including Arizona homes, Arizona rentals, Arizona commercial properties, Arizona multifamily and Arizona land for sale.

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix Bank Owned Homes

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Wed, 01 Oct 2008 21:49:39 -0500

Phoenix bank owned homes (REOs) for sale as of 10-01-2008

- Number of Phoenix REOs: 3116
- Median price: $99,000
- Search Phoenix REO listings here.
- View bank owned homes in greater Phoenix,
please visit: http://activerain.com/groups/arizonareos

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix pre-foreclosure homes

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Wed, 01 Oct 2008 21:48:40 -0500

Phoenix Pre-foreclosure Homes for Sale as of 10-01-2008

- Number of Phoenix homes for sale: 17,713
- Number of pre-foreclosure listings: 199
- Median price: $199,000
- Search Phoenix pre-foreclosure listings here.

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix home sales up in September 2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Wed, 01 Oct 2008 20:32:18 -0500

1437 Phoenix residential homes sold in September 2008. Only 767 Phoenix homes was sold in the same month last year.

Phoenix home sales always droped in the summer months in the last 8 years; however, the sale patern began to change this year. Home sales increased more than 18% between June and September. See chart below for details.

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix Pending Sales up in September 2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Wed, 01 Oct 2008 20:22:58 -0500

The number of residential pending listings in September 2008 were up 90% compared to the same month last year.

1420 homes were in pending in September 2008 and only 744 homes were in pending in September 2007.

Although the sale pendings in 2008 were still lower than they were in 2006 and early 2007; however, the growing trend of pending sales are obvious.

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix ADOM Dropped to 72 days in September 2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Wed, 01 Oct 2008 20:18:42 -0500

Phoenix residential real estate market has shown signs of improvements in the last several months.

Recent data from Arizona Regional Multiple Listing Service (ARMLS) shows average agent days on market (ADOM)has been declining from 106 days in February 2008 to 72 days in September 2008.

ADOM is a good indicator for determining if the local real estate market is improving or getting worse. A decline in ADOM can normally indicate an improving market even though prices may still be declining.

The Average Number Of Days On The Market (ADOM)" for Phoenix residential listings in all price ranges, is shown below (as of 10-01-2008):

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix median home price dropped to $150k

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Wed, 01 Oct 2008 19:28:14 -0500

Phoenix median home price dropped to $150,000 in September 2008 . This is the lowest price level since September 2004.

Although Phoenix residential market has shown signs of improvements such as increase in pending sales and decrease in agent days on the market (ADOM), median home price in Phoenix (AZ)is still down trending. The median price has declined approximate 48% since January this year.

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

How to find Phoenix real estate hot deals?

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Sat, 13 Sep 2008 17:52:20 -0500

IF you are a home buyer or investor looking for a residential hot deal in Phoenix, I'll be happy to assist you finding the best deal possible.

Here is the steps you may use to locate a Phoenix residential hot deal:

1/ Go to www.kellson.com/find_homes.html

2/ Select your search criteria:

- Square footage range
- Year built
- City: Phoenix
- Price Order: Low to high

3/ Search

4/ Review the results and identify the best candicate by looking at:

- Location
- Interior/Exterior photos/ virtual tour
- Price
- Square footage
- Year built...

5/ Write down the name of your candidate subdivision and search for all homes available in that subdivision.

6/ Select the best candidate in that subdivision

At this point, you have done almost 75% of the work.

7/ Request Broker Price Opinion (BPO) report. Our team, Kellson Team, offers BPO free of charge.

Let us know should you need further assistance. You can always find hot deals at Kellson.com.

Prepared by Sean Nguyen, Associate Broker as of 09-13-08

Disclaimer: Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix golf lot homes

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Sat, 13 Sep 2008 16:29:36 -0500

Are you looking for Phoenix golf lot homes for sale?

Here is the easy way to search for all Phoenix golf lot homes from the MLS:

1- Go to www.kellson.com and click on "Home search" under Arizona Homes for Sale section

(or www.kellson.com/find_homes.html)

2- Cities: select PHOENIX

3- Property Des: select GOLF COURSE LOT

4- Click on SEARCH NOW button

View all available Phoenix golf lot homes

All MLS listings updated daily.

Tips: You can refine your search for Phoenix golf lot homes by adding more search criteria, such as subdivision, zip code, square footage range, price range, number of bedrooms/bathrooms or others.

Prepared by Sean Nguyen, Associate Broker as of 09-13-08

Disclaimer: Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix special homes for sale

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Sat, 13 Sep 2008 16:05:43 -0500

SEARCH PHOENIX SPECIAL HOMES

Kellson Team offers free search for Phoenix special-groups of homes for sale, including, but not limited to, the following:

- Phoenix golf-lot homes
- Phoenix golf subdivisions
- Phoenix lakefront homes
- Phoenix lake subdivisions
- Phoenix horse properties
- Phoenix fixup homes
- Phoenix hillside homes
- Phoenix gated community homes
- Phoenix guarded entry homes
- Phoenix pre-foreclosure homes
- Phoenix bank-owned homes
- and more...

Registration NOT required

All listings come with detail information: property description, full address, photos, virtual tours where available, and free telephone support.

Search Phoenix homes for sale now!

Prepared by Sean Nguyen, Associate Broker as of 09-13-08

Disclaimer: Data obtained from SonThanh.Net. Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix Bank-owned homes (REOs) for sale

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Sat, 13 Sep 2008 15:38:40 -0500

Currently we have approximate 1000 bank-owned residential lisings (REOs) in Phoenix.

Kellson Team offers free search for Phoenix REOs with detail information, photos, virtual tours where available, and free telephone support.

Search Phoenix REOs based on the following criteria:

- Price range
- Number of bedrooms
- Number of bathrooms
- Year built
- Subdivision
- Street address
- MLS #
- Zipcode
- Property sub-types

Search Phoenix REOs now!

Prepared by Sean Nguyen, Associate Broker as of 09-13-08

Disclaimer: Data obtained from SonThanh.Net. Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix Short Sales and REOs statistics 09-11-08

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 11 Sep 2008 13:59:54 -0500

Date: 09/11/2008

Total active listings: 13,439

Short Sales listings: 803 or 6%

REOs listings: 2813 or 29%

Owner-agent listings: 646 or 4.8%

Prepared by Sean Nguyen, Associate Broker as of 09-11-08

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Litchfield Park homes sold faster :)

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 11 Sep 2008 13:32:12 -0500

Phoenix Area Statistics
8/1/2008 To 8/31/2008
Residential real estate

Litchfield Park: ADOM = 64 days VS. Paradise Valley: ADOM = 142

		For 8/1/2008 To 8/31/2008
City	Active	New	Pend	Sold	Average Sold Price	Average Sold ADOM
Ahwatukee	65	8	3	10	$ 299,191	98
Anthem	423	103	61	76	$ 268,113	70
Apache Junction	610	148	43	52	$ 146,228	87
Avondale	943	308	200	135	$ 169,297	75
Buckeye	1,230	354	144	121	$ 161,717	89
Carefree	154	21	3	4	$ 616,000	77
Cave Creek	530	109	46	38	$ 469,521	99
Chandler	2,104	630	337	322	$ 281,674	80
Fountain Hills	827	112	37	69	$ 351,587	83
Gilbert	2,228	667	344	362	$ 264,920	87
Glendale	2,368	711	365	282	$ 532,718	78
Goodyear	926	281	159	159	$ 211,502	72
Laveen	501	167	91	88	$ 206,113	70
Litchfield Park	461	117	48	55	$ 246,490	64
Mesa	4,250	1121	532	499	$ 190,748	74
Paradise Valley	503	82	15	18	$ 1,689,097	142
Phoenix	13,604	3647	1445	1303	$ 210,161	85
Queen Creek	1,883	617	347	374	$ 168,638	72
Scottsdale	5,670	1031	334	381	$ 524,901	116
Sun City	890	166	88	74	$ 153,638	129
Sun City West	518	83	37	25	$ 191,001	115
Surprise	1,767	527	284	288	$ 192,021	76
Tempe	998	226	99	129	$ 232,673	87
Tolleson	473	$ 108,010,973	$ 164,902	175	95	69

Prepared by Sean Nguyen, Associate Broker as of 09-11-08

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix Price Change Trend for August 2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 11 Sep 2008 12:57:46 -0500

August 2008:
Phoenix Residential Price Change Trend
(include Phoenix residential listings only)

	Avg Active Price Change	Avg Active Price Change Pct
Aug/2008	$-39,303	-14.01
Jul/2008	$-42,635	-14.59
Jun/2008	$-44,913	-14.83
May/2008	$-46,590	-14.66
Apr/2008	$-48,099	-14.58
Mar/2008	$-48,522	-14.09
Feb/2008	$-48,984	-13.69
Jan/2008	$-48,143	-13.19
Dec/2007	$-46,450	-12.46
Nov/2007	$-44,700	-11.78
Oct/2007	$-42,093	-11.04
Sep/2007	$-40,579	-10.42
Aug/2007	$-38,547	-9.80
Jul/2007	$-36,908	-9.19
Jun/2007	$-35,674	-8.65
May/2007	$-34,088	-8.14
Apr/2007	$-33,192	-7.75
Mar/2007	$-32,567	-7.48
Feb/2007	$-32,355	-7.27
Jan/2007	$-31,808	-6.91
Dec/2006	$-31,109	-6.82
Nov/2006	$-29,874	-6.67
Oct/2006	$-29,120	-6.48
Sep/2006	$-29,035	-6.38

Prepared by Sean Nguyen, Associate Broker as of 09-11-08

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix Sold ADOM vs. Units for August 2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 11 Sep 2008 12:51:05 -0500

August 2008:
Phoenix Sold Agent Days on Market (Sold ADOM) vs. Units
(Include Phoenix residential listings only)

	New Units	Active Units	Sold Units	New ADOM	Active ADOM	Sold ADOM
Aug/2008	3,607	13,948	1,305	36	142	90
Jul/2008	3,593	13,682	1,335	57	168	94
Jun/2008	3,496	13,776	1,213	79	190	105
May/2008	3,268	13,904	1,045	95	207	104
Apr/2008	3,418	13,990	954	112	221	110
Mar/2008	3,315	13,680	777	127	239	109
Feb/2008	3,065	13,352	614	144	253	111
Jan/2008	3,808	12,823	572	158	269	106
Dec/2007	2,119	13,203	626	175	291	110
Nov/2007	2,751	13,606	692	180	301	99
Oct/2007	3,251	13,721	750	195	309	102
Sep/2007	3,066	13,579	767	201	318	96
Aug/2007	3,490	13,438	983	209	322	92
Jul/2007	3,444	13,024	1,091	213	328	92
Jun/2007	3,436	12,791	1,246	221	329	92
May/2007	3,536	12,273	1,307	213	332	89
Apr/2007	3,568	11,683	1,308	222	334	88
Mar/2007	3,855	11,042	1,391	218	341	91
Feb/2007	3,144	10,414	1,212	218	349	93
Jan/2007	3,631	9,802	1,094	222	356	86
Dec/2006	1,986	9,945	1,348	225	381	83
Nov/2006	2,671	10,427	1,380	231	379	76
Oct/2006	3,310	10,515	1,483	234	378	74
Sep/2006	3,317	10,534	1,535	240	374	68

Prepared by Sean Nguyen, Associate Broker as of 09-11-08

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix Home Inventory Report for August 2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Thu, 11 Sep 2008 12:29:57 -0500

PHOENIX residential home inventory in August 2008 is approximate 10.69 months. Please see the table below for 24-month Phoenix residential home inventory (in month) details.

	New Listings	Active Listings	Sold Listings	Months Inventory
Aug/2008	3,607	13,948	1,305	10.69
Jul/2008	3,593	13,682	1,335	10.25
Jun/2008	3,496	13,776	1,213	11.36
May/2008	3,268	13,904	1,045	13.31
Apr/2008	3,418	13,990	954	14.66
Mar/2008	3,315	13,680	777	17.61
Feb/2008	3,065	13,352	614	21.75
Jan/2008	3,808	12,823	572	22.42
Dec/2007	2,119	13,203	626	21.09
Nov/2007	2,751	13,606	692	19.66
Oct/2007	3,251	13,721	750	18.29
Sep/2007	3,066	13,579	767	17.70
Aug/2007	3,490	13,438	983	13.67
Jul/2007	3,444	13,024	1,091	11.94
Jun/2007	3,436	12,791	1,246	10.27
May/2007	3,536	12,273	1,307	9.39
Apr/2007	3,568	11,683	1,308	8.93
Mar/2007	3,855	11,042	1,391	7.94
Feb/2007	3,144	10,414	1,212	8.59
Jan/2007	3,631	9,802	1,094	8.96
Dec/2006	1,986	9,945	1,348	7.38
Nov/2006	2,671	10,427	1,380	7.56
Oct/2006	3,310	10,515	1,483	7.09
Sep/2006	3,317	10,534	1,535	6.86

Prepared by Sean Nguyen, Associate Broker as of 09-11-08

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Phoenix luxury homes sold in August 2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Tue, 09 Sep 2008 02:34:13 -0500

Looking at Phoenix luxury homes sold in August 2008, I found that most luxury homes sold far below the list price.

The one located at 3030 E PALO VERDE DR, Phoenix was sold for $1,900,000 and that is only 76% of the original list price of $2,499,999. Wow!

I found 10 Phoenix homes sold for at leaset $1 million in August 2008 and most of them end up with sale price more than 10% below the asking price.

For more details about these luxury deals, CLICK HERE. (This link will no longer be available after 10/9/2008.)

Do you thing luxury home sellers are realistic?

Prepared by Sean Nguyen, Associate Broker as of 09-09-08

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

The most expensive home for sale in Phoenix as of 09-08-2008

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Tue, 09 Sep 2008 01:47:44 -0500

It's interesting to know what the most expensive home for sale in Phoenix looks like.

As of 09-08-2008, price of the most expensive home for sale in Phoenix is $16,000,000. This home has:

- Beds/Baths: 7/9
- Size: 9241 sq.ft
- Lot: 10+ acres
- Private golf course
- Private clubhouse
- Private gym

Here is the brief description about the home:

"...11 Acres of magnificent landscaping, including a private golf course. The land is flat but gently sloping so the property has downtown and city light views along with views of Camelback Mtn. Frank Lloyd Wright inspired main residence is approx 10,000 sq.ft. There is also a separate 2 bedroom guest home with full kitchen and additional separate large gym. After a round of golf, retire to the approx 7,000 sq.ft. clubhouse. Just like your average country club, only it's very private, it has one member, YOU. 9-Car garage for your toys. Completely walled and gated estate too incredible to describe."

View details, photos, virtual tour of this home HERE. Enjoy!

Prepared by Sean Nguyen, Associate Broker as of 09-09-08

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.

Fannie and Freddie lost about $12 billions since last summer!

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Mon, 08 Sep 2008 01:18:49 -0500

I happen to read "U.S. seizes Fannie and Freddie" from Money.Cnn.com today and was quite surprised with the number.

According to this article, both Fannie Mae and Freddie Mac "have racked up about $12 billion in losses since last summer." It also reveals that Freddie CEO Richard Syron and Fannie CEO Daniel Mudd will no longer run the agencies, while the FHFA will assume control of the boards.

Click here to read full article.

Prepared by Sean Nguyen, Associate Broker as of 09-08-08

August 2008 Phoenix home sales are still very slow

SEAN NGUYEN, Associate Broker (AMERICA'S ALL IN ONE REAL ESTATE SERVICES) — Sat, 06 Sep 2008 13:10:01 -0500

I ran the data from ARMLS.Flexmls.com to get the annual number of Phoenix home sales between August 2000 and August 2008. The data as current as September 01, 2008.

Although the data shows sign of improvement, the sale number for August 2008 is still 20% below the same month eight years ago.

Prepared by Sean Nguyen, Associate Broker as of 09-06-08

Disclaimer: Data obtained from the Arizona Regional Multiple Listing Service (ARMLS). Information deemed accurate, but not guaranteed. Note: information does not include non-MLS private home sales.