Arizona 2011 vs 2010 Home sales - you will be shocked!

Arizona 2011 vs 2010 Home sales - you will be shocked

There were 10,000 more sales in 2011 than 2010. 

Total ARMLS residential sales in 2011 were over 100,000.  This is only the second time sales hit over 100,000 for a year.  The first time and all time record for the number of residential sales was 104,133 in 2005. 

Short sales increased seventeen percent in 2011 over 2010.   There was less than a one percent difference in lender-owned sales in 2011 compared to 2010.   

Arizona 2011 vs 2010 Home sales - you will be shocked

How were properties purchased?  In Arizona 2011 vs 2010 Home sales - you will be shocked as king was cash. 

Forty-seven percent of properties purchased in 2011 were cash.  Twenty-seven percent were  conventional loans, twenty-one percent were FHA guaranteed loans and three percent were VA guaranteed loans.

Now is the time to get back into the Arizona market because the results speak for themselves!

Blogged are highlights from data accessed from the Arizona Regional Multiple Listing Service, Inc. (ARMLS).

Thanks so much for reading and commenting on my blog: Arizona 2011 vs 2010 Home sales - you will be shocked.

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