Metro Phoenix Housing Market Snapshot | |||||
October 31, 2014 | |||||
All Area | TODAY | LAST MONTH | LAST YEAR | 2 YEARS AGO | |
10/31/2014 | 9/30/2014 | 10/31/2013 | 10/31/2012 | ||
Active listing | 27,613 | ↑ | 26,861 | 26,509 | 22,851 |
Pending Listing | 5,455 | ↓ | 5,469 | 6,106 | 9,912 |
Sales Per Month | 5,686 | ↓ | 6,580 | 5,838 | 6,970 |
Monthly Supply | 4.7 | ↑ | 4.3 | 4.5 | 3.4 |
Monthly Sales $/SF | $127.77 | ↑ | $126.13 | $124.45 | $103.65 |
Sale Price vs Listing Price | 97.04% | ↑ | 96.77% | 97.08% | 97.74% |
Listing Success Rate | 65.70% | ↓ | 69.80% | 70.10% | 75.10% |
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 |
Monthly Archives: November 2014
ARMLS RENT Check™ – October, 2014
Median Lease: $1,175 vs $1,195, Month-over-Month -1.67%
Average Lease: $1,306 vs $1,378, Month-over-Month -5.22%
Average Days on Market: 31 vs 29, Month-over-Month +6.90%
Rent Check Quotient™: 31.97% vs 35.5%, Month-over-Month -3.53%
Median Lease decreased by 1.67% to $1,175 and that is slightly higher than June 2014. Average Lease went down by 5.22% partly due to the seasonal factor. Days on Market (DOM) increased by 2 days or 6.90% and this is again reflecting the seasonal factor.
Rent Check Quotient is at the range of 30% – 36% in a normal market. RCQ has been coming down from 66% in the beginning of 2014 to now 31.97% and the rental market started cooled off for the year end holiday season.
Rent Check Quotient™ (RCQ™) is the ratio of closed rentals to closed sales.
All above stats are for single family homes rentals. Condominium and apartment rentals are not included.
ARMLS RENT Check™ – September, 2014
Median Lease: $1,195 vs $1,195, Month-over-Month flat
Average Lease: $1,378 vs $1,327, Month-over-Month +3.84%
Average Days on Market: 29 vs 28, Month-over-Month +3.57%
Rent Check Quotient™: 35.5% vs 33.3%, Month-over-Month +2.20%
Median Lease remained flat. Average Lease went up by 3.84%. Days on Market (DOM) increased 1 day or up 3.57%.
Rent Check Quotient is at the range of 30% – 36% in a normal market. RCQ has been coming down from 66% in the beginning of 2014 to 35.5% of September 2014 and still healthy.
Rent Check Quotient™ (RCQ™) is the ratio of closed rentals to closed sales.
All above stats are for single family homes rentals. Condominium and apartment rentals are not included.
September 2014
Metro Phoenix Housing Market Snapshot | |||||
September 30, 2014 | |||||
All Area | TODAY | LAST MONTH | LAST YEAR | 2 YEARS AGO | |
9/30/2014 | 8/31/2014 | 9/30/2013 | 9/30/2012 | ||
Active listing | 26,833 | ↑ | 26,373 | 23,478 | 21,711 |
Pending Listing | 5,937 | ↓ | 5,950 | 6,991 | 9,801 |
Sales Per Month | 5,481 | ↓ | 7,546 | 6,513 | 7,570 |
Monthly Supply | 4.3 | ↑ | 3.9 | 3.4 | 3.0 |
Monthly Sales $/SF | $126.49 | ↑ | $125.64 | $119.53 | $101.03 |
Sale Price vs Listing Price | 96.63% | ↓ | 97.01% | 97.59% | 97.96% |
Listing Success Rate | 67.0% | ↓ | 72.4% | 74.2% | 76.3% |
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 |
August 2014
Metro Phoenix Housing Market Snapshot | |||||
August 31, 2014 | |||||
All Area | TODAY | LAST MONTH | LAST YEAR | 2 YEARS AGO | |
8/31/2014 | 7/31/2014 | 8/31/2013 | 8/31/2012 | ||
Active listing | 26,313 | ↓ | 27,204 | 21,457 | 20,734 |
Pending Listing | 5,964 | ↓ | 6,535 | 7,323 | 10,681 |
Sales Per Month | 7,098 | ↑ | 6,065 | 7,932 | 7,484 |
Monthly Supply | 3.9 | ↓ | 4.1 | 2.9 | 2.9 |
Monthly Sales $/SF | $125.89 | ↓ | $127.15 | $119.85 | $98.44 |
Sale Price vs Listing Price | 97.02% | ↑ | 96.98% | 97.73% | 97.96% |
Listing Success Rate | 71.20% | ↑ | 69.60% | 78.70% | 77.20% |
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 |