Phoenix Arizona Real Estate Market Report February 2011

Phoenix Arizona has been seeing a huge increase in homes sales, especially in the under $200,00 price range. Inventory is tight and many homes have muliple bids in the lower price range. Many sales are either foreclosures or short sales. Picture below is a typical Phoenix Arizona home for sale.

$445,000
3 bedrooms, 3 baths
2893 square feet
Built in 1986
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Looking to buy a home in Phoenix Arizona ? Or do you know of someone interested in purchasing a home in Phoenix, AZ?
Anna 'Banana' will make your home purchasing process smooth and stress-free.
Feel free to contact me by phone 602-380-4886 or Email Anna Banana
You can also visit our website for more information on Phoenix and the surrounding areas.
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Anna 'Banana' Kruchten
Owner/Broker, CRB, CRS, GRI
ADRE Certified Real Estate Instructor
Phoenix Property Shoppe
602-380-4886
Search for Phoenix Area Homes Here





11 Comments on Phoenix Arizona Real Estate Market Report February 2011
Some good numbers there. Hope you continue to have rising sales
Talk about some FUN stuff! Those numbers are excellent, Mrs. Banana! :)))
That's alot of homes for sale! I wonder if they all look as pretty and perfect as the one you posted here...
A large town with a big inventory, but an active market as well. That ranch is a very comfortable looking home. May the buyer see this blog as ask you to sell it to them.
Nice ranch - I hope it sells fast. I love your visual part of the report! Have a wonderful day.
A lot of inventory, but there are sales and pendings! Good. When I see photos of a nice blue sky, and a lovely home . . . I want to buy in Phoenix!! LOL Looking out, it's rainy and cold today! LOVE the warmth your area provides!!
Stan....we're hoping so as well.
Joni.....getting better!
Brenda - most do!
Ed - our inventory isn't as big as it used to be. We're down under 6 months supply - not much but it's going in the right direction.
Thanks Elizabeth - excell!
Carla - it's gorgeous here, in the 80's today. I'm looking out my office window and it's so pretty! Flowers are blooming and I think it's lunch outside somewhere today!
Great chart, very creative & unique, That looks like a great Phoenix property
Looks like a healthy absorption rate...that is a lot of inventory though. In my "main" market, we have about 750 homes active; only 59 sold...not such a great absorption rate!!
Brian....thanks! It is a very nice home!
Cindy - hey you, what are you doing online over vacation!!! Go play in Florida!!
Anna--I am embarrassed to admit that I have yet to do market reports. It is the formalt holding me back. Yours is the most unusual I have seen and I love it. I guess I can dare to be different and still get the information out to those who want it. Love this market report for Phoenix, AZ real estate!!
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