PHOENIX SALES & INVENTORY REPORT

A two week later "last 30 day" report for the Southeast Phoenix Valley market.

This data is provided courtesy of First American Title.

Please use the BACK arrow to return to this Blog after viewing the data:

MLS INVENTORY - 04/23 - SOUTHEAST VALLEY

The number of listings decreased by 156 from 2 weeks ago, new contracts in escrow increased by 11.1% and sales up by 79 (4.5%). The positive news continues!

With the ACTIVE listings at 19533 and SALES at 1844, we now have 10.8 months of inventory in the system for the South East Valley, down from over 12 months.

For the entire Phoenix MLS area, more good news. Inventory down modestly, new contracts accepted (pending) up by 982, and sales closed 152.

MLS INVENTORY - 04/23 - TOTAL VALLEY

"In the right direction."

A new report: VALLEY LISTINGS VS SOLDS

Inventory is 2 times the Jan. 2002 level but declining - Sales are at 1/2 the Jan.2005 peak but improving.

Keep up the good work, folks.

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A POSITIVE COMMENT FROM THE MEDIA

The March 31, 2008 NEWSWEEK contains an article regarding the economy entitled "COOLER HEADS PREVAIL".

The final paragraph states "With all of Washington standing by to protect the economic system, you can bet on eventual recovery, even if there's a recession to get through. So use tough times to shop for a house, a cheaper mortgage, a good stock. When the cycle turns back up, you'll be sitting on top of the world."

Wow, pretty succinct. Meantime, the word on the financial street is that we may well be at the end of the bad news from the banking world. We did lose 250 mortgage companies but I suspect they did it to themselves by taking to much risk. Meanwhile, the loan applications based on "stated income" are slowly getting phased out, a common investor vehicle for buying property.

On the other side, FHA has gone through some major changes - they are the loan of the moment for accepting lower FICO scores, lower down payments, good interet rates, and a new maximum for the Phoenix area of $386,000.

Let FHA Loans Help You

Act while the good opportunities are in front of you.

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REAL ESTATE OUTLOOK

Again, good news, tempered with not so good news, from Realty Times:


Real Estate Outlook: Spring Market Warm, but Consumer Confidence Low

We are probably all so concerned with the state of the economy, not without basis I realize, that we may be in "overshoot" mode - our confidence (or lack of) could become a self-fulfilling prophecy. I haven't missed any meals, I don't have to line up for food or gas, and while I do see a few folks around me that are having a rough time, we have all had our bumps on the way through life. Darn shame the media can't point up a little good news now and then.

My prayers go out to those having the rough times right now. I hope it will be short lived.

SOUTHEAST VALLEY SALES & INVENTORY REPORT

A one week later "last 30 day" report for the Southeast Phoenix Valley market.

This data is provided courtesy of First American Title.

Please use the BACK arrow to return to this Blog after viewing the data:

MLS INVENTORY - 04/09 - SOUTHEAST VALLEY

The number of listing increased by 355 from 1 week ago, new contracts in escrow increased by 11.8% and sales continued at 1700+ levels. The positive news continues.

With the ACTIVE listings at 22,692 and SALES at 1765, we now have 12.8 months of inventory in the system for the SouthEast Valley.

As a bonus, here is the data for the entire Phoenix MLS area.

MLS INVENTORY - 04/09 - TOTAL VALLEY

We offer this data as a candid, unfiltered, indicator of home listings and sales activity for your decision making process.

MORTGAGE HELP STALLED IN CONGRESS

Me thinks we need to clean out the Congress and put in some folks who do things:

Bills on Capitol Hill

Aside from delaying aide to those who need it, our economy could use a little medical attention right now!

SOUTHEAST VALLEY SALES & INVENTORY REPORT

A one week later "last 30 day" report for the Southeast Phoenix Valley market.

This data is provided courtesy of First American Title.

Please use the BACK arrow to return to this Blog after viewing the data:

MLS INVENTORY - 04/02 - SOUTHEAST VALLEY

The number of listing decreased from 1 week ago, new contracts in escrow declined by 3.5% and sales of 1770 homes (a 9% increase). A continuation of the positive news.

With the ACTIVE listings at 22,337 and SALES at 1770, we now have 11.1 months of inventory in the system for the SouthEast Valley.

We offer this data as a candid, unfiltered, indicator of home listings and sales activity for your East Valley decision making process.