Good news for Phoenix and Anthem Real Estate for sale. For the month of March 2011 the sales total for the Phoenix area was the highest it has been in the last 66 months. This represents a 38.8% gain over February total sales and completes the upward pattern for the quarter. This is typical for Q1. While the month over month gains since January are not unusual, March’s claim to the highest sales figure in five years is. This is all according to Arizona Regional Multiple Listing Service, INC.
Who are the buyers? Canadian buyers have a strong presence here in Phoenix and Anthem where there is real estate for sale at rock bottom prices.
So when does this market turn into a sellers market? If you are a seller more good news comes with the decline in the MSI (Months Supply of Inventory) to 3.79 months, representing a significant 33% drop and the lowest MSI in the past 12 months. MSI under 4 months is categorized as a Seller’s market, and this is the first time this has occurred in the last twelve months. The MSI metric when calculated for the entire market is merely a barometer of overall market health.
Anthem Homes for sale constitute a small niche market here in the valley. It is an amazing Master Planned Community and Golf and Country Club. It suffered greatly from the real estate bubble, but seems to be on the rebound. Inventory is very low and prices are rising. It is time to buy as I am feeling the market start to turn.
This is great news for all the home owners around the Phoenix area. Are you ready to sell? I have access to thousands of Canadian buyers.
Is the worst behind us? I hope so. Sure wish I could find that crystal ball.
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