Real Estate Market Update for Maricopa County, Arizona,December 2012

 

Market Update through December 2012

 

  • Total active listings, (with no AWC) have dropped by 457 units over the last month.
  • As of January 1st, we sit at 17665 Actives All Property Types.
  • Sales are at 7064 for the last 30 days (as of January 1st), up by 244 units from one month ago!
  • We are currently sitting at a 2.5 months of supply, (based on Active listings with no AWC).
  • Pending sales are down from the month before as of January 1st, 8026 vs one month ago at 9170.
    Traditionally, 3-4 months of supply indicate a balanced market. 

 

  • December 2012 re-sales and new sales in Maricopa County were 7531 in November 2012 they were 7306. That is a 3% increase from month to month.
  • December 2011 was 7801. That is a (4.0%) decrease!
  • The median price in Maricopa County for December 2012 was $168,903 in November 2012 it was $167,500. This marks a 1% increase!
  • December 2011 it was $129,054 for a 31% increase!!!!
  • In December 2007 it was $247,405 and in December 2001 it was $143,790!
  • Maricopa County new and Re-sale sales for the year ended with 95,912 sales vs. 2011 94,771. This equates to a 1.0% increase!

 

Distressed Market Pie Chart:
This chart shows you the percentage of distressed properties that are being listed and sold.

  • Short Sales represent 28% of the closings for the last month, and a 0.8  Months of Supply.  Distressed Sales (Short Sales and REOs combined) accounted for 40% of the total sales for in the last month. REO property sales equal to 12% of the sales for the last month.  Normal non-distressed sales are now 60% of the total!!!!!!

 

Luxury:
The Luxury Market of $1.0 Million and above continues to be the lowest absorption rate of any market segment.

  • There was a 7% absorption rate for the last month.
    Only 71 properties in all of the MLS were sold for more than $1.0 million.

 

MONTHS OF SUPPLY (with AWC listings) (Single Family Only)

East Valley: 2.2
Northwest:3.5
Paradise Valley: 9.0
Luxury ($1mil+): 15.1
Southwest: 3.1
Peoria/Glendale: 2.3
Camelback Corridor: 4.5
Cave Creek: 4.1
Ahwatukee: 2.5
Scottsdale: 4.1
Apache Junction: 2.7
Fountain Hills: 5.4
Buckeye: 3.7
Desert Ridge & Tatum Corridor: 2.1


VALLEYWIDE
Real Estate Market Update for Maricopa County, Arizona

Valleywide Real Estate Market Update for Maricopa County, Arizona

 

 

Valleywide Real Estate Market Update for Maricopa County, Arizona

EAST VALLEY
Real Estate Market Update for Maricopa County, Arizona

 

East Valley Real Estate Market Update for Maricopa County, Arizona

 

 

PARADISE VALLEY
Real Estate Market Update for Maricopa County, Arizona

 

Paradise Valley Market Update for Maricopa County, Arizona

LUXURY
Real Estate Market Update for Maricopa County, Arizona

 

Luxury Real Estate Market Update for Maricopa County, Arizona

 

AHWATUKEE
Real Estate Market Update for Maricopa County, Arizona

 

Ahwatukee Real Estate Market Update for Maricopa County, Arizona

 

SCOTTSDALE
Real Estate Market Update for Maricopa County, Arizona

 

Scottsdale Market Update for Maricopa County, Arizona

APACHE JUNCTION
Real Estate Market Update for Maricopa County, Arizona

 

Apache Junction Real Estate Market Update for Maricopa County, Arizona

 

Source:

Equity Title Agency
Tempe Branch
301 W. Warner Rd. #110
Tempe, AZ 85284
Office: 480-756-8888
Fax: 480-756-8800

Comments (1)

Courtney Cooper
Cooper Jacobs - Seattle, WA
206-850-8841

Wow!  great info here for Maricopa - hope you two have a wonderful 2013!  You certainly have the tools to succeed!

Jan 27, 2013 05:55 AM