Comparing
April 2011 to April 2012 (all areas and types)
- Active Listings (excluding
AWC): 13,117 versus 27,052 last year - down 52%
- Active Listings (including
AWC): 20,781 versus 34,594 last year - down 40%
- Pending Listings: 11,996 versus
13,326last year - down 10%
- Monthly Sales: 8,480 versus
9,452 last year - down 10%
- Monthly Average
Sales Price per Sq. Ft.: $95.79 versus $83.61 last year - up 14.6%
- Monthly Median
Sales Price: $137,000 versus $110,000 last year - up 24.5%
- S&P/Case-Schiller®
Home Price Index is reporting that the Greater Phoenix area had the
largest increase for big cities (comparing March 2011 to March 2012) at an
annual appreciation rate of
6.1%
- On May 25th the
median sales price for all areas and types hit $145,000 which is the highest value since December of 2008 and
is 33% above May 25th of 2011!
- Zillow is forecasting that home
values in Phoenix will rise by 6.5% between March of 2012 and March of
2013…the highest in the nation!
- On May 22nd there
were 6,446 residential properties in Maricopa County whose current owner
is a bank or lender of some type. This
represents 0.53% of the homes that exist in the County!
- On May 15th for the
first time since 2008 we had fewer than 1,000 lender owned properties
listed for sale and without a contract on ARMLS…the peak was 14,237 in
January of 2009!!
The time to buy is NOW
www.arizonahomesbynorma.com
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