inventory: Is the Phoenix Real Estate Market Turning?
- 07/09/12 07:57 AM
The movement is scarcely more perceptible than a 3.0 quake in greater Los Angeles, but there's a slight change taking place under our feet here in the Phoenix real estate market. As of the moment, there are 7,941 single family detached homes for sale across Maricopa County. That's every so slightly higher than the consistent 7,500 to 7,850 homes we've seen for the past month. Of those homes for sale, just over 700 are bank owned properties. Not a huge amount mind you - less than 10 percent of the available inventory - but higher than the fairly consistent 600 and … (0 comments)
inventory: The Realities of the Phoenix Market are Sinking In
- 06/28/12 06:37 AM
From Steve Cook of the BiggerPockets real estate investment blog: A new study of some of the hardest hit markets like Phoenix suggests that prices have been so low that they have been offering bargains for buyers because they became detached from economic fundamentals and now prices are rising as inventories reach record lows. “Phoenix provides a good case study of a market which has been in transition over the past year,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “Market drivers here have all turned positive for home prices, with months of remaining inventory (MRI) dropping to the lowest in … (2 comments)
inventory: Phoenix West Valley Market Report - July 10, 2011
- 07/10/11 08:26 AM
Here's where the real estate market stands here in the West Valley as of today, July 10. (All data is for single family detached homes; all data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed. Avondale - 212 active listings; 444 pending; 208 closed sales in the past 30 days; El Mirage - 98 active; 237 pending; 91 closed sales Glendale - 678 active; 1,080 pending; 586 closed sales Goodyear - 416 active; 476 pending; 237 closed sales Litchfield Park - 96 active; 168 pending; 91 closed sales Peoria - 609 active; 824 pending; 366 … (0 comments)
inventory: Where Poker, Supply and Demand Intersect
- 07/03/11 06:30 AM
Editor's note: This is what's known in the business as a teaser. For the full article, click here ... and trust me, it's worth the trip over! “If there are so many more buyers and so many fewer homes for sale, why aren’t home prices going up?” Such was the paraphrased question that arose during a Friday night real estate continuing education class nestled inside happy hour at Rock Bottom. (Okay, so it wasn’t a real class but I’ve learned more with a beer in my hand than anywhere else since I first entered the business.) On the surface, the question … (2 comments)
Phoenix Arizona Real Estate Blog, presented by Jonathan Dalton of Thompson's Realty and All Phoenix Real estate.com.
Check back often for market analysis and general thoughts on the state of real estate in Maricopa County.
The movement is scarcely more perceptible than a 3.0 quake in greater Los Angeles, but there's a slight change taking place under our feet here in the Phoenix real estate market.
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