Okay, today we're at 47,679 active listings, so we are staying fairly balanced so far. I'll keep my eye out for you. Some of the homes that are selling more quickly are the ones with a three-car garage. That seems to be important which is totally understandable. Where else will you be able to store all of that extra "stuff?"

According to today's Arizona Republic, luxury homes are selling well and at higher prices across the Valley. There has been a sharp spike in the number of million-dollar properties sold since 2000, but the bigger story is the increasing number of deals for $3 million, $5 million and much higher. Land is a key piece of the price equation. With land prices rising and larger, more elaborate houses set in super-elite areas, the entry level for luxury in now more like $3 million. Many of the most desired areas are built out or have few available lots. There were 440 sales of houses costing at least $1 million in 2000. Through Oct 10th this year, there were 2,031, an increase of more than 360 percent.

Stay tuned...........for more on our Phoenix market. Just remember, there are lots of people moving to the valley each day. Though rents are up, home prices are down, so NOW would be a good time to purchase a home. I truely see 2004 prices back.

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