Category Archives: Monthly Housing Market Snapshot

Monthly Housing Market Snapshot for the entire metro Phoenix area includes data such as active listings, pending listings, sales per month, sales $/sf, listing success rate and so on. Also included are the month-over-month and year-over-year comparisons showing the trend.

July 2013

Metro Phoenix Housing Market Snapshot
July 31, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
7/31/2013 6/30/2013 7/31/2012 7/31/2011
Active listing  20,282 19,548 20,506 27,623
Pending Listing 7,821 8,851 10,454 11,777
Sales Per Month  7,734 8,779 7,526 8,887
Monthly Supply 2.7 2.1 2.9 3.1
Monthly Sales $/SF  $118.92 $119.48 $98.78 $80.13
Sale Price vs Listing Price  97.57% 97.81% 98.03% 96.54%
Listing Success Rate  79.40% 79.60% 77.40% 74.70%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data complied by The Cromford Report
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June 2013

Metro Phoenix Housing Market Snapshot
June 30, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
6/30/2013 5/31/2013 6/30/2012 6/30/2011
Active listing  19,463 19,467 19,794 28,837
Pending Listing 8,892 9,662 10,197 12,224
Sales Per Month  8,229 9,227 8,133 10,346
Monthly Supply 2.2 2.3 2.4 3.0
Monthly Sales $/SF  $118.47 $120.08 $100.33 $82.84
Sale Price vs Listing Price  97.78% 97.26% 97.85% 96.26%
Listing Success Rate  79.10% 80.20% 78.50% 73.20%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data complied by The Cromford Report
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May 2013

Metro Phoenix Housing Market Snapshot
May 31, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
5/31/2013 4/30/2013 5/31/2012 5/31/2011
Active listing  19,500 19,857 20,175 31,224
Pending Listing 9,710 10,862 11,605 13,391
Sales Per Month  9,133 8,889 8,487 10,100
Monthly Supply 2.3 2.3 2.5 3.2
Monthly Sales $/SF $119.32 $116.62 $101.60 $83.05
Sale Price vs Listing Price  97.33% 97.32% 97.15% 96.02%
Listing Success Rate  80.20% 79.00% 77.90% 71.00%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data complied by The Cromford Report
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April 2013

Metro Phoenix Housing Market Snapshot
April 30, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
4/30/2013 3/31/2013 4/30/2012 4/30/2011
Active listing  20,114 20,736 20,805 34,278
Pending Listing 10,953 11,059 12,166 13,713
Sales Per Month  8,625 8,558 8,858 9,597
Monthly Supply 2.4 2.5 2.4 3.5
Monthly Sales $/SF  $116.62 $113.83 $97.18 $84.27
Sale Price vs Listing Price  97.33% 97.39% 97.13% 95.65%
Listing Success Rate  78.60% 80.20% 79.80% 69.70%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data complied by The Cromford Report
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March 2013

Metro Phoenix Housing Market Snapshot
March 31, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
3/31/2013 2/28/2013 3/31/2012 3/31/2011
Active listing  20,794 21,460 22,000 37,673
Pending Listing 10,697 10,300 12,028 13,524
Sales Per Month  8,096 6,554 8,790 8,855
Monthly Supply 2.8 3.2 2.7 4.5
Monthly Sales $/SF $112.65 $111.63 $93.67 $82.11
Sale Price vs Listing Price 97.38% 97.21% 95.37% 95.13%
Listing Success Rate 82.00% 77.40% 80.80% 66.70%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data complied by The Cromford Report
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February 2013

Metro Phoenix Housing Market Snapshot
February 28, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
2/28/2013 1/31/2013 2/28/2012 2/28/2011
Active listing 21,495 21,911 23,457 40,116
Pending Listing 10,700 9,942 12,156 12,447
Sales Per Month 6,724 6,043 7,488 7,575
Monthly Supply 3.2 3.6 3.2 5.4
Monthly Sales $/SF $112.02 $108.64 $88.69 $81.98
Sale Price vs Listing Price 97.17% 97.09% 96.31% 95.33%
Listing Success Rate 78.10% 72.90% 78.80% 64.70%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
 Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data complied by The Cromford Report
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January 2013

Metro Phoenix Housing Market Snapshot
January 31, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
1/31/2013 12/31/2012 1/31/2012 1/31/2011
Active listing  21,922 21,189 24,842 42,430
Pending Listing 9,642 9,838 10,903 10,647
Sales Per Month  5,879 6,982 6,761 6,873
Monthly Supply 3.9 3.1 3.9 6.2
Monthly Sales $/SF  $108.92 $108.70 $85.40 $81.99
Sale Price vs Listing Price  97.03% 97.32% 96.39% 94.96%
Listing Success Rate  72.50% 71.80% 74.80% 57.80%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data complied by The Cromford Report
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Greater Phoenix Housing Market – November 2012

Some headlines in the newly released Novermber 2012 Greater Phoenix Housing Report:

  • Single family home prices rose sharply between October and November and show very large increases since November 2011:
    • The median sales price is up 35.4% from $120,000 to $162,500
    • Average price per square foot is up 27.4% from $81.92 to $104.34
  • Townhouse/condo prices also moved higher between October and November 2012 and are showing substantial increases over November 2011:
    • The median sales price is up 42.9% from $70,000 to $100,000
    • Average price per square foot is up much less – 20.3% from $87.20 to $104.87
  • Overall supply (excluding homes already under contract) was down 7% at the start of December 2012 compared with December 2011, and distressed supply was down 43% over the same time frame. However overall supply increased by 31% between September and December.
  • Foreclosure starts on single family and condo homes fell by 17% between October and November 2012 and were down 48% from November 2011
  • Recorded trustee deeds (completed foreclosures) on single family and condo homes fell 17% between October and November 2012, and were down 34% from November 2011.
  • With bidders still very active at trustee auctions, 44% fewer single family homes reverted to lenders at trustee sales compared with November 2011.
  • Sales of single family homes were 1% lower than in November 2011.
  • The percentage of residential properties purchased by investors remains high at 27.5% but is now in a clear downward trend having peaked at 35.3% in August.
  • Single family home sales increased dramatically year on year for the most expensive sectors:
    • New homes (up 32%)
    • Normal re-sales (up 84%)
  • Single family home sales reduced year on year for homes sold at discounts to full market value:
    • Investor flips (down 10%)
    • Short sales and pre-foreclosures (down 22%)
    • Bank owned homes (down 53%)
    • GSE (Fannie Mae, Freddie Mac, etc.) owned homes (down 67%)
    • HUD sales (down 50%)
    • Third party purchases at trustee sale (down 23%)

Unless otherwise stated all the statistics shown are for Maricopa and Pinal Counties combined.

The full report of November 2012 Greater Phoenix Housing Report for the W P Carey School of Business at ASU is available here.

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2012 Year-End Mesa Housing Market Snapshot

All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
12/31/2012 11/30/2012 12/31/2011 12/31/2010
Active listing  1,159 1,267 1,390 2,843
Pending Listing 637 711 699 606
Sales Per Month  542 468 530 574
Monthly Supply 2.2 2.6 2.4 4.9
Monthly Sales $/SF  $96.73 $97.47 $75.35 $78.71
Sale Price vs Listing Price  97.93% 98.63% 97.79% 94.96%
Listing Success Rate  80.50% 78.40% 75.60% 65.80%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data   complied by The Cromford Report
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2012 Year-End Gilbert Housing Market Snapshot

All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
12/31/2012 11/30/2012 12/31/2011 12/31/2010
Active listing  749 846 1,028 1,909
Pending Listing 465 529 493 450
Sales Per Month  379 378 346 421
Monthly Supply 2.0 2.2 2.7 4.5
Monthly Sales $/SF  $106.41 $106.06 $89.03 $86.33
Sale Price vs Listing Price  99.15% 99.27% 97.80% 96.62%
Listing Success Rate  80.60% 81.50% 76.50% 64.50%
Data Source: Arizona Regional Multiple Listing Service (ARMLS)
For other cities or area, please call (480)292-8281 or email gchen@az-realty.com
Above data was compiled by Gary Chen, Associate Broker, ABR, CIAS, CNE, SFR
Original data complied by The Cromford Report
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