Real Estate Market Report for Phoenix, Arizona ~ March 2009

By
Real Estate Broker/Owner with Dreamcatcher Realty / Greater Phoenix Area


PHOENIX, ARIZONA


...a/k/a "The Valley of the Sun" continues to be one of the most popular cities (and 5th largest) in the United States!

 

Sunset in Arizona

 

March 2009 vs. March 2008

 

  • 1,968 single family detached homes were purchased last month vs. 629 last year.

  • The average price paid was $103,952 vs. $283,472 last year.

  • The median price came in at $62,100 vs. $227,900 last year.

  • The ratio of purchase price to list price was 105% vs. 97% last year.

  • 1,586 of the homes (81%) were bank owned vs. 157 homes (25%) last year.

  • The average time on the market was 86 days vs. 104 days last year.

  • There were 12,966 Active single family listings vs. 13,092 last year.

 

Click Here for full current Phoenix Market Report


Phoenix Homes


photo by Miguel Folch
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Ambassador
872,912
Kat DeLong
LakeView Realty Enterprises, Inc - Lake Arrowhead, CA
Realtor DRE#01235311, Lake Arrowhead Real Estate (

Randy,   YOUR SALES are way up in Phoenix!  That is super news!!!! Terrific prices.

Apr 07, 2009 02:27 AM #1
Ambassador
872,912
Kat DeLong
LakeView Realty Enterprises, Inc - Lake Arrowhead, CA
Realtor DRE#01235311, Lake Arrowhead Real Estate (

Randy,   YOUR SALES are way up in Phoenix!  That is super news!!!! Terrific prices.

Apr 07, 2009 02:27 AM #2
Rainmaker
1,116,763
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

You know, though, that it's only the fifth largest from September 15 to May 15 each year when you people stay over there -- LOL. But we still welcome you over here from May 15 to September 15. Several of my neighbors are permanent residents of the Valley of the Sun but summer residents of San Diego.

Apr 07, 2009 01:39 PM #3
Rainer
90,008
Randy Hooker
Dreamcatcher Realty / Greater Phoenix Area - Gilbert, AZ
Gilbert, Chandler, Mesa, Queen Creek

Kat ~ You're not just kidding about that, Kat!  Our sales are WAY up, and our inventory is dropping like a rock in your lake!  It's nice to see, after a 3-year lull.   :)

Jim ~ LOL!  There's truth in your words, as our 'summer' is almost as bad as many folks' winters.  Thanks for allowing us to 'commute' to your fair city during those heated times.   ;-)

Apr 07, 2009 04:03 PM #4
Ambassador
468,381
Terrie Leighton
Ferrari-Lund Real Estate - Reno, NV
Reno Real Estate Agent ~ Selling Homes in Reno

Live your picture of the sun set Randy, it is beautiful! Glad to see the sales are up in your area. It is always great to read about good news in from other areas in the country.

Apr 08, 2009 07:57 AM #5
Rainer
90,008
Randy Hooker
Dreamcatcher Realty / Greater Phoenix Area - Gilbert, AZ
Gilbert, Chandler, Mesa, Queen Creek

Thank you, Terrie!  Good to have you share in our good news.  I'm trying to send some your way, too!   ;-)

Apr 08, 2009 09:18 PM #6
Rainmaker
175,619
Cynthia Bartch
Granville, OH

Hi Randy, Great to hear about the market upswing in your area. On 2 other notes, LOVE THAT PHOTO and your background blog w/ the twinkling stars is awesome, I'm envious!

Apr 09, 2009 02:09 AM #7
Rainmaker
219,452
Sally Dunbar
Lyon Real Estate, Fair Oaks CA (Sacramento Area) - Fair Oaks, CA
Fair Oaks Realtor - Fair Oaks Homes for Sale

No wonder you are a dreamcatcher... with sunsets like that to set sail for dreamland with... pretty cool.

Apr 09, 2009 12:21 PM #8
Rainer
90,008
Randy Hooker
Dreamcatcher Realty / Greater Phoenix Area - Gilbert, AZ
Gilbert, Chandler, Mesa, Queen Creek

Cynthia ~ Thank you, and thanks for taking the time to comment.  I love your photo/avatar, too!

Sally ~ This truly is a state of dreamcatching, and I love it!  Thanks, Sally!

Apr 11, 2009 03:01 PM #9
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Rainer
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Randy Hooker

Gilbert, Chandler, Mesa, Queen Creek
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