Ummm folks. It's time to buy. The Phoenix real estate is starting out 2009 at a much healthier pace than the previous year. Year over year units sold blew last year's figures away, more than doubling January 2008's pace. Prices still continue to decline but the bargain hunters are coming back in full force. If you're looking to purchase a home here in the Valley of the Sun, now's the time. Here are February's numbers through the week ending 2/28/09:
Active Listings: 11,818 (down 8% from January '09)
Homes Pending: 2,968 (up 30% from January '09)
Homes sold in last 30 days: 1,611 (up 11% from January '09, up 191% from Feb. '08)
Burn rate (Inventory on market/by homes sold last 30 days) = 4 months supply
Avg. Sale price (Solds): $114,926 (Down 14% from January '09, Down 56% from Feb. '08)
Avg. price per sq. ft. (Solds): $64.89 (Down $8 per Sq. Ft. from Jan. '09, Down 56% from Feb. '08)
Avg. Days on Market (Solds): 119 (Up 2 days from Jan. '09, Down 14 days, 11% from Feb. '08)
To learn more about Phoenix real estate click here
For more information about Anthem Arizona visit: www.allaboutanthem.com
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