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Well, finally, Arizona has ended Nevada's 19-year reign as the nation's fastest growing state, according to the lasted U.S. Census numbers. Arizona had a population growth rate of 3.6 percent in 2006, adding 213,311 people. That brings the state's population to more than 6.1 million and makes Arizona the nation's 16th largest state. In terms of raw numbers, Arizona placed fifth with 213,000 population gain, while Texas came in first adding 580,000 residents to its population. The recent growth pushed Arizona's population past two statistical milestones: the state's population exceeding 6 million people, and adding more than 1 million residents since 2000. During that time span, 541,283 people moved here from other states! This is absolutely mind boggling. I think we are no longer the best kept secret!! This is obvious with the traffic we have now!
The Arizona Republic Scottsdale reports that Scottsdale homeowners should find comfort that the bottom didn't drop out of the market and that home prices are relatively stable during 2006, and that there was no bubble bursting. Sales of existing homes in Scottsdale are on track to reach about 5,200 in 2006, down nearly 40% from last year's torrid pace. But the average monthly median home price this year is just shy of the median price of $595,000 from November 2005, evidence of the Northeast Valley market's stability, according to figures from the Arizona Real Estate Center at ASU.
We're down to 43,655 active listings in our MLS. Here are some interesting stats for the east valley. Let me know if you'd like particulars in an area you are watching. As of September 24, 2006, we were up to 47,994 active listings.
Mesa - 3645, Chandler - 2177, Gilbert - 2123, Queen Creek - 1718, Gold Canyon - 390, Scottsdale - 4427, Tempe - 674
Have a wonderful holiday - I'll be back after Christmas - unless, of course, I have something I can't wait to share.
:-)
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