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 |
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.
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 |
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 |
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 |
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 |
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 |
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 |
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.
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 |
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 |