Arizona 2011 vs 2010 Home sales - you will be shocked!
To all my buyers and sellers out there when you read how much business we are doing in Arizona perhaps it might make you feel more comfortable in making offers or finding investment opportunities. Please call or email me for more info
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? The 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).
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This Active Rain post is by Mark Taylor, to get your free mortgage approval please call 602-361-0707. Please click on the links below to view my AWESOME websites!
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