The August 2009 Homes Sales Report for Maricopa County, AZ is in and the news is pretty good overall.  The median sold price for single-family homes was $139,000, slightly higher than the $136,000 median sold price in July 2009.  The median sold price for townhomes and condominiums was $105,000, which was also higher than the $96,600 from the previous month.  Total sales of single-family homes were up almost 39% from the same time last year (6076 in August 2009 vs. 4377 in August 2008), townhomes and condo sales were up 66% (887 in August 2009 vs. 534 in August 2008) and manufactured home sales were up 20% (42 in August 2009 vs. 35 in August 2008).  Pending sales almost doubled across the board in August 2009 compared to August 2008 as well, while active listings are down across the board.  Is this a possible indication that Maricopa County is experiencing a steadying of the market?  With total sales and median sold prices remaining steady or increasing in Maricopa County since April of this year, it's starting to look like it might possibly be leveling out some.  Don't forget that the $8000 First Time Homebuyer Tax Credit expires on December 1, 2009.  This means you must find a home, get loan approval and close escrow by November 30th to take advantage of this tax credit.  So, contact me today so I can help you get that Phoenix home of your dreams at the best possible price now.

Larry Luenser, the Smart Choice for Phoenix real estate