Monthly Archives: March 2014

Housing Market Intelligence

Review of January 2014 Metro Phoenix Housing Market

Now that the numbers have all been adjusted and matured. We can have a better look of what happened in January 2014. Over all, it ends on stronger fundamentals than January 2013.

  • In January 2014 the median sales price was $209,000 compared to $175,000 in January 2013. An increase of $34,000.
  • In January 2014 there were 894 single family foreclosure starts compared to 1,927 in January 2013 for a decrease of 54%.
  • The number of distressed properties in January 2014 is 1,944 properties compared to 4,421 in January 2013 for a decrease of 56%.
  • January 2014 started the month with 1,849,000 non-farm jobs compared to 1,803,600 in January 2013 an increase of 45,400 jobs.
  • The population in January 2014 is approximately 65,000 people greater than in January 2013.
  • In January 2014 there were 3,632 potential boomerangs buyers.

But January 2014 overall existing single family sales were down 17% from January 2013. A closer look shows it was sales under $150,000 that were down, but sales over $150,000 were higher in January 2014 than January 2013. This is inline with the increase of median sales price of $34,000 over a year.

 

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Monthly Housing Market Snapshot

February 2014

Metro Phoenix Housing Market Snapshot
February 28, 2014
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
2/28/2014 1/31/2014 2/28/2013 2/28/2012
Active listing 29,671 ↑ 28,574 21,618 23,564
Pending Listing 6,640 ↑ 5,841 10,379 11,782
Sales Per Month 5,499 ↑ 4,696 6,642 7,544
Monthly Supply 5.4 ↓ 6.2 3.2 3.2
Monthly Sales $/SF $127.51 ↑ $125.35 $112.16 $87.83
Sale Price vs Listing Price 96.84% ↓ 96.89% 97.16% 96.66%
Listing Success Rate 69.30% ↑ 66.20% 77.80% 79.10%
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
Some historical data would have been adjusted due to re-alignment with county recorder.
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

February 22, 2014

Metro Phoenix Housing¹ Market Snapshot
February 22, 2014
City Active Pending Sales DOM² Avg $/SF
Anthem 215 36 26 83 $133.47
Chandler 1,028 288 245 80 $132.23
Fountain Hills 313 35 35 163 $169.83
Gilbert 1,342 382 285 72 $126.58
Glendale 938 285 217 75 $101.48
Laveen 251 78 44 93 $82.90
Maricopa 611 146 96 100 $70.80
Mesa 1,750 515 371 76 $116.33
Phoenix 4,651 1,360 944 70 $124.12
Queen Creek 1,106 282 193 88 $91.10
Scottsdale 2,567 339 278 100 $219.37
Tempe 347 84 78 85 $138.40
Note¹ – Housing = Single Family Homes, Note² – DOM = Days On Market
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
Some historical data would have been adjusted due to re-alignment with county recorder.
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

February 15, 2014

Metro Phoenix Housing¹ Market Snapshot
February 15, 2014
City Active Pending Sales DOM² Avg $/SF
Anthem 214 32 27 78 $128.67
Chandler 991 280 233 79 $129.11
Fountain Hills 313 29 38 148 $178.73
Gilbert 1,337 366 288 76 $125.86
Glendale 929 273 209 71 $101.64
Laveen 251 72 44 82 $82.96
Maricopa 593 147 90 93 $71.08
Mesa 1,740 497 347 72 $113.70
Phoenix 4,594 1,279 938 70 $122.05
Queen Creek 1,090 262 193 81 $88.90
Scottsdale 2,538 327 265 106 $231.45
Tempe 347 84 78 85 $138.40
Note¹ – Housing = Single Family Homes, Note² – DOM = Days On Market
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
Some historical data would have been adjusted due to re-alignment with county recorder.
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

February 8, 2014

Metro Phoenix Housing¹ Market Snapshot
February 8, 2014
City Active Pending Sales DOM² Avg $/SF
Anthem 202 29 35 69 $130.04
Chandler 963 267 228 76 $127.99
Fountain Hills 305 25 42 152 $183.45
Gilbert 1,303 330 267 70 $123.99
Glendale 916 266 203 74 $102.60
Laveen 235 71 41 86 $84.87
Maricopa 587 140 92 90 $71.39
Mesa 1,728 441 354 70 $114.65
Phoenix 4,489 1,178 931 68 $120.85
Queen Creek 1,072 246 181 75 $89.29
Scottsdale 2,476 310 275 102 $230.25
Tempe 327 79 82 78 $140.61
Note¹ – Housing = Single Family Homes, Note² – DOM = Days On Market
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
Some historical data would have been adjusted due to re-alignment with county recorder.
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

January 25, 2014

Metro Phoenix Housing¹ Market Snapshot
January 25, 2014
City Active Pending Sales DOM² Avg $/SF
Anthem 200 27 37 79 $125.49
Chandler 906 243 215 67 $130.64
Fountain Hills 289 33 33 133 $178.09
Gilbert 1,248 300 228 70 $128.26
Glendale 879 250 195 58 $102.64
Laveen 224 71 46 67 $84.01
Maricopa 592 116 82 80 $72.90
Mesa 1,701 405 352 65 $113.65
Phoenix 4,389 1,107 912 65 $119.72
Queen Creek 1,069 218 162 79 $99.64
Scottsdale 2,339 289 248 99 $226.18
Tempe 296 85 73 81 $135.32
Note¹ – Housing = Single Family Homes, Note² – DOM = Days On Market
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
Some historical data would have been adjusted due to re-alignment with county recorder.
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

January 18, 2014

Metro Phoenix Housing¹ Market Snapshot
January 18, 2014
City Active Pending Sales DOM² Avg $/SF
Anthem 187 22 41 81 $126.74
Chandler 884 221 252 64 $133.33
Fountain Hills 288 27 37 120 $180.38
Gilbert 1,224 279 251 68 $128.35
Glendale 834 253 213 58 $105.59
Laveen 219 70 52 63 $84.17
Maricopa 580 110 93 67 $74.57
Mesa 1,648 378 433 62 $115.65
Phoenix 4,286 1,046 1,026 64 $122.32
Queen Creek 1,041 198 194 74 $98.45
Scottsdale 2,213 268 292 98 $223.22
Tempe 298 74 80 66 $134.39
Note¹ – Housing = Single Family Homes, Note² – DOM = Days On Market
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
Some historical data would have been adjusted due to re-alignment with county recorder.
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

January 11, 2014

Metro Phoenix Housing¹ Market Snapshot
January 11, 2014
City Active Pending Sales DOM² Avg $/SF
Anthem 173 26 42 84 $124.48
Chandler 832 226 264 62 $133.85
Fountain Hills 278 27 38 104 $169.75
Gilbert 1,193 265 289 64 $129.36
Glendale 825 252 223 52 $106.20
Laveen 209 68 54 61 $83.10
Maricopa 552 113 100 71 $72.90
Mesa 1,581 359 447 61 $117.15
Phoenix 4,195 987 1,066 63 $122.39
Queen Creek 1,008 198 201 77 $97.27
Scottsdale 2,126 268 297 97 $216.08
Tempe 299 71 91 59 $131.86
Note¹ – Housing = Single Family Homes, Note² – DOM = Days On Market
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
Some historical data would have been adjusted due to re-alignment with county recorder.
Original data complied by The Cromford Report
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Monthly Housing Market Snapshot

January, 2014

Metro Phoenix Housing Market Snapshot
January 31, 2014
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
1/31/2014 12/31/2013 1/31/2013 1/31/2012
Active listing 28,526 ↑ 25,382 21,923 24,827
Pending Listing 5,782 ↑ 4,711 9,533 10,707
Sales Per Month 4,741 ↓ 5,976 6,243 6,572
Monthly Supply 6.3 ↑ 4.7 3.8 3.9
Monthly Sales $/SF $125.06 ↓ $126.89 $108.30 $85.38
Sale Price vs Listing Price 96.84% ↓ 96.89% 97.06% 96.34%
Listing Success Rate 66.60% ↑ 65.10% 73.60% 74.20%
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
Some historical data would have been adjusted due to re-alignment with county recorder.
Original data complied by The Cromford Report
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Monthly Housing Market Snapshot

December, 2013

Metro Phoenix Housing Market Snapshot
December 31, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
12/31/2013 11/30/2013 12/31/2012 12/31/2011
Active listing 26,325 ↓ 27,004 21,837 25,622
Pending Listing 5,257 ↓ 5,986 8,624 9,716
Sales Per Month 4,885 ↓ 6,249 6,870 7,753
Monthly Supply 5.0 ↑ 4.4 3.1 3.4
Monthly Sales $/SF $128.15 ↑ $123.12 $109.51 $85.22
Sale Price vs Listing Price 96.87% ↓ 97.11% 97.38% 96.16%
Listing Success Rate 68.00% ↓ 69.90% 76.20% 75.60%
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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