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Phoenix AZ Real Estate market update

By
Real Estate Agent with Long Realty West Valley AZ RE Lic. #SA560004000

For those interested in the Phoenix Arizona real estate market I will begin posting a update on the market there once a week.

So here it goes.  For the week ending 3/30/07:

Active Listings: 13,074

Homes Pending: 1,135

Homes sold in last 30 days: 768 (up 23% over February '08, down 45% over March '07)

Burn rate (Inventory on market/by homes sold last 30 days) = 17 months supply

Avg. Sale price (Solds): $274,846 (Up 6% from Feb. '08, Down 25% from March '07)

Avg. price per sq. ft. (Solds): $154.80 (Down $5 per Sq. Ft. up 4% from Feb. '08,  Down 18% from March '07)

Avg. Days on Market (Solds): 119 (Down 12 days, 9% from Feb. 08, Up 27 days, 29% from March '07)

To search for Phoenix Arizona homes please visit us at: www.ArizonaPremiereLiving.com 

For more information about Anthem Arizona visit: www.allaboutanthem.wordpress.com

And for more information about myself and my business partner and the Anthem real estate, Phoenix real estate, and Scottsdale real estate markets please visit our website at:

http://www.arizonapremiereliving.com/

Barbara Rissmiller
Tucson, AZ
Thank you for posting these details Jerry - it is important for us (and my lenders) to see the bigger picture. 
Apr 01, 2008 09:29 AM
Michael Veri
Realty Executives Mid Florida - The Villages, FL
Thanks for the info!
Apr 01, 2008 03:35 PM