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Phoenix AZ Real Estate market update April '08

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 month.

So here it goes.  For the week ending 4/30/08:

Active Listings: 13,236

Homes Pending: 1,463

Homes sold in last 30 days: 999 (up 30% over March '08, down 24% over April '07)

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

Avg. Sale price (Solds): $247,925 (Down 10% from Mar. '08, Down 17% from April '07)

Avg. price per sq. ft. (Solds): $154.80 (Down $14 per Sq. Ft. from Mar. '08,  Down 24% from April '07)

Avg. Days on Market (Solds): 129 (Up 10 days, 8% from Mar. 08, Up 39 days, 43% from April '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/