Phoenix Home Sales per Month Shows Improvements in Disguise April 2014

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Real Estate Agent with HomeSmart International AZ Broker BR030809000
https://activerain.com/droplet/4fYw

Phoenix Home Sales per Month Shows Improvements in Disguise April 2014

 

Sales per Month is a uniquely indicative factor in determining the “state” of the Real Estate market – as it gives a straight-forward look at the facts.  What was sold for the month is the real question that is answered with this indicator.  More specifically, this chart shows the differences between the different types of sales transactions in the Valley of the Sun.

 

An overall review of the Sales per Month through the first Quarter of 2014 shows that there were not as many homes that sold in 2014 as just 2 years previous in the same time period.  This brings up an interesting point – in the previous posts, we have been indicating that the Real Estate market in Metro Phoenix area has shown significant improvements – but, this chart is actually indicating that we are selling less homes than we have in our previous years.  How can this be improvement?

 

Great question (we’re glad you asked).  In review of the chart below, Sales per Month are broken down into the different types of sales transactions that occurred in the Valley of the Sun for the previous 2-year period.  In 2012, there were more homes that sold overall – however, a major point in that particular time is that there were a lot of Short-sale transactions that were still occurring (1,624 homes in January 2012 alone were sold as Short-sale transactions – as, there were still people coming in from the wave of the economic change, so to speak).  In January 2014, there were 300 homes that were sold as Short-sale transactions – that is more than a 500% improvement over the previous 2-year window.  Even though there were not as many homes that sold in the Metro Phoenix area, some of those homes that did sell did so as HUD and REO  transaction types – however, a majority of the homes were sold as Normal transactions.

 

Sales per Month as of mid-April 2014

                        Metro Phoenix Homes Sales per Month as of mid-April 2014

 We see the same type of results for February and March 2014 Sales per Month versus their 2012 counterparts.  A significant sign as to why the Metro Phoenix area is experiencing the growth and recovery period that we have.  There are a lot of different areas that are expanding and growing, as well – which promotes employment growth and commerce in the little cities within the Metro Phoenix area.  As the little areas continue to grow and support more commerce, so does the Valley of the Sun as a whole.

 This growth and commerce is an appealing quality to visitors and business people who come to our state – which translates to more people moving to the Valley of the Sun and, possibly opening a business or transferring with a company, which in turn, stimulates home sales in the Metro Phoenix area which motivates more growth and commerce within the city, and the cycle continues.  What a great reminder of the wonderful metropolitan in which we call home.  There is so much to do in Metro Phoenix and, with such terrific weather a majority of the year – it just makes our home a destination for others!

 

Phoenix Home Sales per Month Shows Improvements in Disguise April 2014

 

Orginally posted on Phoenix Property Shoppe

Posted by

 


                                                            

 

Anna “Banana” Kruchten

Broker, CRS, CRB

HomeSmart International

602-380-4886

Certified Residential Broker  CRB

Certified Residential Specilist CRS

AZ DRE Certified Real Estate Instuctor

 

 Your Referrals & Testimonials Are Greatly Appreciated!

 


 

 



 

 

   

 

 

                  

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Topic:
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Location:
Arizona Maricopa County Phoenix
Groups:
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Market Reports
Phoenix Arizona Real Estate
Phoenix Metro Home Sales Market Reports
Tags:
phoenix metro real estate market report april 2014
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Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

We have the same "hidden" better market.  Less sales 4 months, but less inventory too.

Apr 28, 2014 07:48 AM #1
Rainmaker
506,165
Shar Sitter
Rooms With Style - Minneapolis, MN
Home Staging and Redesign Minneapolis/ St. Paul, M

Isn't that a song? "Improvement in Disguise"? Or maybe it should be! LOL. Great info for your clients Anna. 

Apr 28, 2014 12:02 PM #2
Rainmaker
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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

great report to share with the local area buyers and sellers in your marketplace!

Apr 28, 2014 12:19 PM #3
Rainmaker
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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Great post on truly dissecting the numbers to bring about clarity of what they are really saying.

 

Apr 28, 2014 12:53 PM #4
Rainmaker
1,317,701
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

We are seeing the same types of trends here on the east coast as well.  We will have to see how thing develop during the next quarter.

Apr 28, 2014 01:17 PM #5
Rainmaker
999,323
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Great reporting Anna.  Love those Cromford Reports.  Great information for anyone moving to Phoenix, Arizona!

Apr 28, 2014 02:09 PM #6
Rainmaker
2,824,740
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Shall I say it was a blessing in disguise? I think so! :)

Apr 28, 2014 02:16 PM #7
Rainmaker
3,484,950
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Anna, sometimes it is what is behind the numbers that really counts! Great report. Enjoy your day!

Apr 28, 2014 09:16 PM #8
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

You always have such a great report and analysis of what the market is really doing, Anna.  Thanks for the detail that you put in to help everyone understand the underlying conditions!

May 05, 2014 08:18 AM #9
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