Home Sales | Buying Arizona Real Estate

The Phoenix Real Estate Weekly 5/28/10

Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS ~ Director of Business & Career Development, Keller Williams Arizona Realty www.PacellaGroup.com

There are many variables that can effect what seems to be our continuing ascension from what appeared to be the bottom, such as, “strategic default” by Alt-A borrowers; the expiration of the home buyer tax credits; and any [...]

The Phoenix Real Estate Monthly 5/14/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty

The Phoenix market certainly has it’s ups and downs, but one thing has been VERY consistent over the past year. Properties listed over $400,000 only account for 7% of what has been selling for the past year. In the [...]

The Phoenix Real Estate Weekly 5/7/2010

It appears as though we have another week of “the good, the bad, and the ?”

The good

The absorption rate Valley wide in all price ranges is 28.4%.
In the price ranges under $175,000 the absorption rate is 30-40%
Valley wide there is a 4.5 month supply of inventory (seller’s market)

The bad

The absorption rate drops into the teens [...]

The Phoenix Real Estate Weekly 4/30/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Director Business & Career Development
Keller Williams Arizona Realty
www.PacellaGroup.com
(480) 767-3009

I hate to sound like a broken record (if you are under the age of 35, records were vynil discs that were used to store music prior to CDs, i-pods or MP3 players, and they sometimes became broken or scratched and [...]

The Phoenix Real Estate Weekly 4/23/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director of Business & Career Development ~ Keller Williams Arizona Realty ~ www.PacellaGroup.com

The Market Optimism May be Contagious!

As reported by Peter Corbett in the Arizona Republic on April 15th, according to a University of Arizona forecast, the Valley’s new-home market is on its way to recovery.

The UofA Economic [...]

The Phoenix Real Estate Weekly 4/16/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty
www.PacellaGroup.com

The Phoenix Metro Area market continues to show signs of strengthening and reason for optimism.

The average rate, Valley wide, at which the market is absorbing active inventory is 26.9%. That number is considerably higher in the price ranges under [...]

The Phoenix Real Estate Weekly 4/9/10

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS Director Business & Career Development ~ Keller Williams Arizona Realty. www.PacellaGroup.com

The market trend still appears to be positive news for the Phoenix area. This information is based on data pulled directly from the Phoenix area MLS.

The Valley is holding steady with 93% of sales continuing to be under [...]

The Phoenix Real Estate Weekly 4/2/2010

Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS ~ Director Business & Career Development for Keller Williams Arizona Realty ~ www.PacellaGroup.com.

Avoiding anything unforeseen, the current market conditions appear to be improving.

You may have noticed that I have been watching the appreciation forecast weekly. It’s hard to believe that last year at this time it was -43.5%. [...]

The Phoenix Real Estate Weekly 3/26/10

Courtesy of Barb Savoy-Pacella, ABR, CNRS,CHMS ~ Director Business & Career Development Keller Williams Arizona Realty ~ www.PacellaGroup.com

The data is still showing optimism for the Phoenix Metro market.
* The average days on market for the metro area are down 23% from 2009, and 27% from 2008.
* Sales are up 32% over 2009 and 48% over [...]

Sales Trends 2010 thru February

Information provided via email from WWW.ACTIVEFUNDINGGROUP.COM

Jan-10
Total Closings
5575

Sales price
No. sales
% of total

0-100,000
2219
39.8027%

101-200,000
2154
38.6368%

201-400,000
998
17.9013%

401-750,000
253
4.5381%

751-1,001,000
47
0.8430%

1,001-2,000,000
56
1.0045%

2,001-5,000,000
21
0.3767%

5,001-10,000,000
1
0.0179%

Feb-10
Total Closings
6635

Sales price
No. sales
% of total

0-100,000
2482
37.4077%

101-200,000
2557
38.5381%

201-400,000
1157
17.4378%

401-750,000
300
4.5215%

751-1,001,000
62
0.9344%

1,001-2,000,000
48
0.7234%

2,001-5,000,000
20
0.3014%

5,001-10,000,000
2
0.0301%

Supply as of 3-4-2010

Total no. actives 35110

List price
No. Active listings
Supply (in months)

0-100,000
8034
3.42

101-200,000
12064
5.47

201-400,000
8321
7.64

401-750,000
3493
12.63

751-1,001,000
3253
59.69

1,001-2,000,000
2133
41.02

2,001-5,000,000
763
37.22

5,001-10,000,000
82
27.67

Over 10,000,000
25

List price
Av. Days on market

0-100,000
85

101-200,000
107

201-400,000
135

401-750,000
188

751-1,001,000
234

1,001-2,000,000
258

2,001-5,000,000
361

5,001-10,000,000
369

Over 10,000,000
377

Summary

Over 78% of sales occur in the $200k and under category

Over 90% of sales occur in the $400k and under category

In summary, [...]

Buying Arizona Real Estate

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