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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 [...]
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%. [...]
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, [...]
Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Director of Business & Career Development
Keller Williams Arizona Realty
Here we go! The moment we’ve all been anticipating! Would we see the traditional rise in pending sales anticipated to begin the third week in January annually, or would the “shadow inventory” of foreclosures flood the market?
The results are in. According [...]
Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Keller Williams Arizona Realty
To view property for sale, or for additional information visit www.PacellaGroup.com
Inventory is still varying dramatically in different areas of the Valley. It is very much a seller’s market in the West and East Valley (between 3 to 4 months of supply in those areas), and very [...]
Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Coldwell Banker Residential Brokerage
To view property for sale, or for additional information, please visit our web site at www.PacellaGroup.com
According to the Cromford Report, the listing success rate Valley wide (the number of listings that sell rather than expiring or canceling) is 63.8% this year, which is encouraging when you [...]
Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Coldwell Banker Residential Brokerage
For additional information or to view properties for sale, visit our web site at www.PacellaGroup.com
The Phoenix market is seeing the traditional sales volume slowing that is anticipated annually at this time, however, sales volume is still up 35% over the mid-August to mid-September time frame a [...]
by Barb Savoy-Pacella, ABR, CNRS, CHMS
Coldwell Banker Residential Brokerage
Visit our web site at www.PacellaGroup.com to view property listings, or for additional information.
For those who like good news/bad news scenarios, you will enjoy this week’s report….
The good news is that we have seen a steady decline in the percentage of inventory of foreclosure property over the [...]
Courtesy of Barb Savoy-Pacella ABR, CNRS, CHMS
Coldwell Banker Residential Brokerage
Visit our web site at www.PacellaGroup.com to view property listings, or for additional information.
The real estate roller coaster appears to have fewer terrifying drops recently.
According to the Cromford Report, seller owned transactions have seen a price decline per square foot in the past several weeks, although [...]
Courtesy of Barb Savoy-Pacella, ABR, CNRS, CHMS
Coldwell Banker Residential Brokerage
Visit our web site at www.PacellaGroup.com to view listings or for more information.
The Phoenix, Arizona market certainly isn’t dull these days. Reviewing year over year data for the same time period last year, we can see that pending sales are up 58% and closed transactions, or [...]
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