Search Web

Sponsored Links

Polls

What's your favorite season in Arizona?

View Results

Loading ... Loading ...

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, [...]

Share

Those Who Wait Will Pay Thousands More This Spring

Those Who Wait Will Pay Thousands More This Spring

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).
Coming just weeks before the April 30 [...]

Share

Loss Mitigation Programs

An interesting email I received from Stan Van Dyk of Cash Funding Options:

Hi All:
Today, I’m going to show you how the government’s
moratoriums and loss mitigation programs have affected
foreclosures and shadow inventory.  

Shadow inventory is made up of all the properties that are
in foreclosure or headed toward foreclosure that haven’t
hit the market yet. There are 7 [...]

Share

FHA waives the 90 day flip rule

I received a nice email from Michael Neill of American Alliance Mortgage Company with the following fantastic news:

BREAKING NEWS!!!!!FHA WAIVES 90 DAY FLIP RULE

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS

Measure to help bring stability to home values and accelerate sale of vacant properties

 In an effort to stabilize home values and [...]

Share

MBA to Hill: Expand Home Buyer Tax Credit

Email provided by Kathy Morrow
Branch Manager/Sr. Loan Specialist for CNN Mortgage, Inc.

Article by Sorohan, Mike
The Mortgage Bankers Association, in a statement submitted to a House committee, urged Congress to extend a popular home buyer tax credit set to expire next month, and to expand its scope.

MBA told the House Small Business Committee the $8,000 first-time [...]

Share

Treats, Not Tricks, Await Those Who Act Now!

Treats, Not Tricks Await Those Who Act!

Last chance, last dance, last call. All sayings conjure up images but one thing remains constant. Miss the opportunity and it’s gone. Home loan rates recently hit all-time lows, and if you don’t act now, you could miss your chance to save thousands of dollars over the life of [...]

Share

Will Homeowners and Buyers Lose $45,000?

An email article I received from Christopher Holmes of Prospect Mortgage. Very informative stuff!

Buyer Urgency – Interesting Article

This article says much better than I have been saying, why rates will be headed up by the end of the year and early in 2010. – Christopher

Will Homeowners and Buyers Lose $45,000?

Ann Arbor, MI August 13, [...]

Share