Monthly Archives: December 2013

Weekly Housing Market Snapshot

December 21, 2013

Metro Phoenix Housing¹ Market Snapshot
December 21, 2013
City Active Pending Sales DOM² Avg $/SF
Anthem 177 41 45 82 $121.57
Chandler 857 247 296 51 $132.12
Fountain Hills 287 26 32 92 $180.34
Gilbert 1,214 265 312 59 $124.62
Glendale 854 288 223 47 $103.31
Laveen 203 82 51 56 $84.35
Maricopa 559 144 103 73 $69.49
Mesa 1,599 451 417 56 $115.75
Peoria 845 194 223 52 $118.94
Phoenix 4,250 1,211 1,002 59 $119.61
Queen Creek 1,038 225 210 61 $90.63
Scottsdale 2,118 285 317 96 $229.64
Tempe 327 76 87 50 $136.73
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
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

December 14, 2013

Metro Phoenix Housing¹ Market Snapshot
December 14, 2013
City Active Pending Sales DOM² Avg $/SF
Anthem 180 48 39 72 $124.26
Chandler 884 273 276 51 $133.51
Fountain Hills 289 28 24 101 $192.77
Gilbert 1,247 276 286 60 $122.03
Glendale 821 305 219 52 $101.66
Laveen 201 93 47 59 $86.29
Maricopa 567 150 97 76 $69.55
Mesa 1,631 473 419 60 $114.09
Peoria 847 219 207 53 $118.96
Phoenix 4,252 1,267 990 57 $120.41
Queen Creek 1,055 233 202 59 $90.82
Scottsdale 2,131 286 341 89 $225.45
Tempe 346 76 84 53 $136.42
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
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

December 6, 2013

Metro Phoenix Housing¹ Market Snapshot
December 6, 2013
City Active Pending Sales DOM² Avg $/SF
Anthem 191 39 35 79 $122.80
Chandler 909 277 264 49 $132.20
Fountain Hills 291 24 25 119 $198.10
Gilbert 1,244 290 271 62 $122.12
Glendale 822 296 214 54 $100.15
Laveen 199 89 43 61 $85.45
Maricopa 567 145 92 82 $70.57
Mesa 1,612 459 415 59 $113.61
Peoria 839 224 198 53 $119.62
Phoenix 4,267 1,237 981 56 $121.90
Queen Creek 1,054 230 190 61 $90.80
Scottsdale 2,142 294 315 87 $221.90
Tempe 342 85 81 55 $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
Original data complied by The Cromford Report
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Monthly Housing Market Snapshot

November 2013

Metro Phoenix Housing Market Snapshot
November 30, 2013
All Area TODAY LAST MONTH LAST YEAR 2 YEARS AGO
11/30/2013 10/31/2013 11/30/2012 11/30/2011
Active listing  26,784 ↑ 26,495 23,042 26,656
Pending Listing 6,028 ↓ 6,044 9,263 10,155
Sales Per Month  5,114 ↓ 6,091 6,298 7,276
Monthly Supply 4.7 ↑ 4.6 3.5 3.8
Monthly Sales $/SF  $123.69 ↓ $124.12 $105.90 $83.56
Sale Price vs Listing Price 97.12% ↑ 97.09% 97.76% 96.64%
Listing Success Rate  67.00% ↓ 70.60% 75.00% 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
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

November 23, 2013

Metro Phoenix Housing¹ Market Snapshot
November 23, 2013
City Active Pending Sales DOM² Avg $/SF
Anthem 199 36 32 60 $128.04
Chandler 948 302 284 50 $133.09
Fountain Hills 288 21 33 86 $195.93
Gilbert 1,247 324 329 55 $124.76
Glendale 833 314 274 61 $104.37
Laveen 199 89 62 63 $84.70
Maricopa 588 146 96 90 $71.96
Mesa 1,675 446 480 56 $112.81
Peoria 826 252 215 51 $118.08
Phoenix 4,373 1,291 1,161 57 $126.95
Queen Creek 1,037 259 223 70 $90.96
Scottsdale 2,174 307 350 83 $217.70
Tempe 371 80 90 51 $131.62
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
Original data complied by The Cromford Report
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Weekly Housing Market Snapshot

November 16, 2013

Metro Phoenix Housing¹ Market   Snapshot
November 16, 2013
City Active Pending Sales DOM² Avg $/SF
Anthem 197 35 33 64 $124.03
Chandler 960 305 286 49 $130.05
Fountain Hills 285 22 30 83 $190.84
Gilbert 1,226 331 353 53 $126.75
Glendale 834 306 271 60 $105.06
Laveen 207 93 58 56 $83.00
Maricopa 585 142 101 94 $72.09
Mesa 1,650 478 453 56 $112.99
Peoria 827 269 207 44 $115.32
Phoenix 4,340 1,296 1,162 57 $128.12
Queen Creek 1,035 255 215 70 $91.01
Scottsdale 2,170 325 329 89 $225.91
Tempe 380 72 87 50 $136.85
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
Original data complied by The Cromford Report
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Property Management

ARMLS RENT Check™ – December 7, 2013

Median Lease: $1,095 vs $1,095, Month-over-Month flat

Average Lease: $1,270 vs $1,263, Month-over-Month +0.55%

Average Days on Market: 46 vs 44, Month-over-Month +4.55%

Rent Check Quotient™: 63% vs 55%, Month-over-Month +8%

Median Lease stayed the same as the last month and slightly below 3-month average of $1,100. Average Lease went back up slightly and stay atop of 3 month average of $1,265. Days on Market (DOM) increased again and it is now 46 days and we will continue watching out for you.

Rent Check Quotient is at the range of 30% – 36% in a normal market. So, the mumber of leases is still on the high side and it needs to be watched closely.

Rent Check Quotient™ (RCQ™) is derived by dividing the # of leases by the # of closed sales

All above stats are for single family homes rentals. Condominium and apartment rentals are not included.

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