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Teri's Blog

Sunday, 13 December 2009
The City of...
Monday, 01 June 2009
The real estate market in the Phoenix, Arizona and Mesa, Arizona valley is going through more twists and turns as foreclosed homes come...
Sunday, 03 May 2009

It appears as though our Phoenix, Arizona market is adjusting. I’ve been keeping track since January 1, 2009 (and before), and posting updates regularly.  If...

Friday, 10 April 2009
I plan to post on my websites our Phoenix, Arizona MLS market stats weekly because it is changing so quickly. I am also working at making...
Tuesday, 31 March 2009

Many buyers that ARE in the market to purchase a home have an unreasonable expectation of what homes cost. They hear all about the...

Monday, 30 March 2009

Since our Arizona summers can reach into the teens, we rely heavily on our air conditioners to keep us cool. I think...

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Market Stats for Phoenix, Arizona Valley as of April 29, 2009! E-mail

It appears as though our Phoenix, Arizona market is adjusting. I’ve been keeping track since January 1, 2009 (and before), and posting updates regularly.  If you will recall, in January, we were up to almost 60,000 active listings. Things are changing.  As of today, May 3, 2009, we are at just above 39,000 active listings. Inventory stats of all listings in our MLS are as follows:

March 19

Active: 48,837

Pending: 10,869

April 3

Active:  45,694

Pending: 11,896

April 10

Active:  44,348

Pending:  12,963

April 17

Active:  42,907

Pending:  13,403

April 29

Active:  40,437

Pending:  14,226

Listed below are the comparisons for the cities and for the zip codes indicated. Note that I am only including Single Family Residences and not townhomes, apartment homes, etc.

CITY ACTIVE PENDING

As of:  April 29, 2009

City of Phoenix

   6,889

    3,791

City of Mesa    2,344        949
City of Gilbert    1,665     1,004
City of Gold Canyon       289          36
City of Apache Junction       335        118
City of Queen Creek    
     Zip Code - 85242       518        315
     Zip Code - 85243       322        264
   

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