Maggie Clark with Equity Title provides a monthly update report with highlights and graphs for the Phoenix Residential Real Estate Market. Below is the text from her e-mail. Further down you can click on the link to see the graphs for major cities and areas.
Maggie wrote:
“Here are the Graphs through the end of June 2010. We have added arrows on every graph so you can easily see the changes from the month before. Please note that the Valley Wide graph represents all of the MLS. The table below just represents recording for new and re-sales for Maricopa County. Also, the market segment pie chart tells you the amount of distressed properties that are listed and being sold. ”
Highlights:
- Total listings are up by 1479 units from last month.
- Total sales for the month of June were down by 698 units over last month.
- Sales including new construction are down by 3.0% over last year June for Maricopa County.
- 93% of sales for the last month were under $400,000.
- 4.4 months of supply in the Valley. This may seem balanced but the high end market continues to be stagnant.
- There has been a major uptick in the number of Short Sales that have closed from 21.0% last month to 26% this last month.
Please click on the following link to take you to the Graphs:
http://www.eta-az.net/marketing/Residential%20Market%20Update%20with%20graphs%20070110.pdf
Months of Supply by area are as follows:
East Valley 4.27
Northwest 3.83
Paradise Valley 10.20
Luxury $ 1,000,000 + 14.6
Southwest 3.51
Peoria and Glendale 3.45
Camelback Corridor 5.34
Cave Creek 6.35
Ahwatukee 4.86
Scottsdale 6.53
Apache Junction 3.63
Fountain Hills 7.69
Buckeye 3.33
