Real Estate Market Stats, Insights & Trends Phoenix Area January 2014

Phoenix Area / Arizona Market Trends and Data

January 2014

ACTIVE LISTINGS: 24,649 vs 17,673 Jan ‘13 & 461 up from last month; 4.2 MONTH SUPPLY

Equity 90.9% (22,413); Short Sales 4.5% (1,100); REO 4.4% (1,096); HUD 0.2% (40)

UCB/Pending: 7,899 down 4,788 units from this time last year, still decreasing

Equity 64.5% (5,091); Short Sales 26.9% (2,124); REO 6.6% (523); HUD 2.0% (161)

Closed in December 2013: 5,875 (vs 6,764 in Dec ’12 & 7,653 in Dec ’11)

Equity 84.1% (4,940); Short Sales 7.9% (465); REO 6.2% (364); HUD 1.8% (106)

CASH 34.0% (1,998)

Blended Active/UCB/Pending: 32,548 Equity 84.5% (27,504); Short Sales 9.9% (3,224); REO 5.0% (1,619); HUD 0.6% (201)

Price                      Active                Sold                 Supply

$150,001-$300K         9,648 (39.1%)      2,362 (42.8%)   4.1 Months

$300,001-$450K         3,842 (15.6%)        777 (14.1%)    4.9 Months

$450,001-$600K         1,682 (6.8%)          221 (4.0%)     7.6 Months

$600,001-$750K            832 (3.4%)           96 (1.7%)     8.7 Months

$750,001-$1 Mil             859 (3.5%)           76 (1.4%)    11.4 Months

 $1 Mil-$1.5Mil                631 (2.6%)           45 (0.8%)    14.2 Months

$1.5 Mil-$2 Mil                332 (1.3%)           24 (0.4%)   14.1 Months

$2 Million +                    609 (2.5%)           16 (0.3%)    39.3 Months