Showing posts with label inventory. Show all posts
Showing posts with label inventory. Show all posts
Friday, June 15, 2012
Tuesday, October 14, 2008
Real Estate Market Defying Odds
An encouraging article from Realty Times of October 14, 2008:
Real Estate Outlook: Real Estate Market Defying Odds by Kenneth R. Harney
The panic and fear that have been shaking Wall Street aren't translating into negative numbers for real estate -- in fact, it's been the reverse.
While the Dow Jones index peeled off a record fourteen hundred points in a matter of days, the latest pending home sales index was moving in the opposite direction -- up strongly to its highest level in more than a year.
Pending sales jumped by 7.4 percent in the latest month, according to the National Association of Realtors.
Financial industry analysts had forecast a one and a half point DECLINE in the index for the month, but pent-up demand for housing, plus rock bottom bargain prices in many markets, convinced buyers that this is a good time to get off the sidelines and get into the game.
The pending home sales index measures new contracts for home purchases that haven't yet gone to closing, but should do so in the near future. It's a widely accepted predictor of sales activity two to three months down the road.
Mortgage rates and new loan applications also defied the negative spiral in the stock market: Applications for home purchases to be financed with conventional mortgages jumped by three percent last week, and new FHA applications were up by nearly 10 percent, according to the Mortgage Bankers Association's national survey.
Interest rates on 30 year fixed rate loans dropped to 5.9 percent and 15 year rates hit 5.7 percent.
Why the sharp divergence in performance between home real estate and Wall Street?
One key reason is that real estate -- which helped trigger the financial crisis through lending abuses and fraud -- has been undergoing its own correction on pricing and underwriting practices for the past two and a half years.
It's already taken its lumps, and has now reached a point where prices in former boom markets are so affordable that smart buyers are swooping in.
Also - although we keep hearing about the global credit squeeze and banks' unwillingness to lend money, that's definitely NOT the case in the mortgage market. There's plenty of money available - as long as you have a solid credit history and some downpayment cash.
Fannie Mae, Freddie Mac and the FHA now account for well over 90 percent of home financing volume, and all three are backed by the federal government.
They've got a direct and virtually unlimited pipeline into the capital markets.
And with mortgage rates under 6 percent, no wonder consumers are shopping for -- and buying -- houses at great prices.
Copyright © 2008 Realty Times. All Rights Reserved.
-----------------------------------
Phoenix area progess is on my website at www.denismarque.com on the Welcome page and on the Buyer Help page. Pay us a visit!
.
Real Estate Outlook: Real Estate Market Defying Odds by Kenneth R. Harney
The panic and fear that have been shaking Wall Street aren't translating into negative numbers for real estate -- in fact, it's been the reverse.
While the Dow Jones index peeled off a record fourteen hundred points in a matter of days, the latest pending home sales index was moving in the opposite direction -- up strongly to its highest level in more than a year.
Pending sales jumped by 7.4 percent in the latest month, according to the National Association of Realtors.
Financial industry analysts had forecast a one and a half point DECLINE in the index for the month, but pent-up demand for housing, plus rock bottom bargain prices in many markets, convinced buyers that this is a good time to get off the sidelines and get into the game.
The pending home sales index measures new contracts for home purchases that haven't yet gone to closing, but should do so in the near future. It's a widely accepted predictor of sales activity two to three months down the road.
Mortgage rates and new loan applications also defied the negative spiral in the stock market: Applications for home purchases to be financed with conventional mortgages jumped by three percent last week, and new FHA applications were up by nearly 10 percent, according to the Mortgage Bankers Association's national survey.
Interest rates on 30 year fixed rate loans dropped to 5.9 percent and 15 year rates hit 5.7 percent.
Why the sharp divergence in performance between home real estate and Wall Street?
One key reason is that real estate -- which helped trigger the financial crisis through lending abuses and fraud -- has been undergoing its own correction on pricing and underwriting practices for the past two and a half years.
It's already taken its lumps, and has now reached a point where prices in former boom markets are so affordable that smart buyers are swooping in.
Also - although we keep hearing about the global credit squeeze and banks' unwillingness to lend money, that's definitely NOT the case in the mortgage market. There's plenty of money available - as long as you have a solid credit history and some downpayment cash.
Fannie Mae, Freddie Mac and the FHA now account for well over 90 percent of home financing volume, and all three are backed by the federal government.
They've got a direct and virtually unlimited pipeline into the capital markets.
And with mortgage rates under 6 percent, no wonder consumers are shopping for -- and buying -- houses at great prices.
Copyright © 2008 Realty Times. All Rights Reserved.
-----------------------------------
Phoenix area progess is on my website at www.denismarque.com on the Welcome page and on the Buyer Help page. Pay us a visit!
.
Sunday, July 27, 2008
PHOENIX & EAST VALLEY SALES & LISTINGS
The latest report for the Southeast Phoenix Valley and Greater Phoenix markets provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
MLS INVENTORY - 07/23 - SOUTHEAST VALLEY
Departing from the previous format, during the last 2 weeks Listings up 81, Pending up 53 and Sales down 99. With Active and Pending at 21079 total and divided by sales of gives us 9.8 months of inventory. Based on Active only, that would be 8.3 months.
Again, under a new format, Total Phoenix Area MLS Actives, during the last 2 weeks, up by 308, Pending by 173 and Sold down by 79. This is 11 months inventory, but based on Sales only it is 9.4 months.
MLS INVENTORY - 07/23 - TOTAL VALLEY
Prices continue to decline, driven mostly by sale of REO (Bank owned) properties and Short Sales.
As stated before, it is predicted that the Valley will double in population in 20 years. Good time to buy - I think so!
On a short term time line, the President will likely sign the Mortgage Relief package from Congress, which should help the economy begin to turn upward. Not a total solution, but hopefully will help folks to become a little more positive about tomorrow.
Please use the BACK arrow to return to this Blog after viewing the data:
Departing from the previous format, during the last 2 weeks Listings up 81, Pending up 53 and Sales down 99. With Active and Pending at 21079 total and divided by sales of gives us 9.8 months of inventory. Based on Active only, that would be 8.3 months.
Again, under a new format, Total Phoenix Area MLS Actives, during the last 2 weeks, up by 308, Pending by 173 and Sold down by 79. This is 11 months inventory, but based on Sales only it is 9.4 months.
Prices continue to decline, driven mostly by sale of REO (Bank owned) properties and Short Sales.
As stated before, it is predicted that the Valley will double in population in 20 years. Good time to buy - I think so!
On a short term time line, the President will likely sign the Mortgage Relief package from Congress, which should help the economy begin to turn upward. Not a total solution, but hopefully will help folks to become a little more positive about tomorrow.
Thursday, July 17, 2008
PHOENIX & EAST VALLEY SALES & LISTINGS
The latest "last 30 day" report for the Southeast Phoenix Valley and Greater Phoenix markets provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
MLS INVENTORY - 07/08 - SOUTHEAST VALLEY
The number of listings (active and pending) in the SOUTHEAST VALLEY went down by 733 from 2 weeks ago, new contracts in escrow were 466 of those. Sales were up by 52 (2.4%). Summer months are not when a lot of folks are out looking, most make there move earlier to close before schools reopen.
With the total listings at 20964 and SALES at 2252, we now have 9.3 months of inventory in the pipeline for the South East Valley.
Phoenix data is compared to a report of 5 weeks ago.
Results for the total Phoenix MLS area showed the listings decreased by 470 to 60926, while contracts and sales both increased (by 54 and 34 respectively.
We now have 10.7 months of inventory in the Phoenix MLS pipeline.
MLS INVENTORY - 07/08 - TOTAL VALLEY
Prices continue to decline, driven mostly by sale of REPO (Bank owned) properties and Short Sales. Where it will end is anybody's guess, but it is predicted that the Valley will double in population in 20 years. Eventually, the market will begin to turn - we are the nations leader in employment increases which will begin to attract new folks from areas not so fortunate.
Please use the BACK arrow to return to this Blog after viewing the data:
The number of listings (active and pending) in the SOUTHEAST VALLEY went down by 733 from 2 weeks ago, new contracts in escrow were 466 of those. Sales were up by 52 (2.4%). Summer months are not when a lot of folks are out looking, most make there move earlier to close before schools reopen.
With the total listings at 20964 and SALES at 2252, we now have 9.3 months of inventory in the pipeline for the South East Valley.
Phoenix data is compared to a report of 5 weeks ago.
Results for the total Phoenix MLS area showed the listings decreased by 470 to 60926, while contracts and sales both increased (by 54 and 34 respectively.
We now have 10.7 months of inventory in the Phoenix MLS pipeline.
Prices continue to decline, driven mostly by sale of REPO (Bank owned) properties and Short Sales. Where it will end is anybody's guess, but it is predicted that the Valley will double in population in 20 years. Eventually, the market will begin to turn - we are the nations leader in employment increases which will begin to attract new folks from areas not so fortunate.
Tuesday, July 1, 2008
PHOENIX & EAST VALLEY SALES & LISTINGS
The latest "last 30 day" report for the Southeast Phoenix Valley and Greater Phoenix markets provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
MLS INVENTORY - 06/25 - SOUTHEAST VALLEY
The number of listings in the SOUTHEAST VALLEY went down by only 20 from 3 weeks ago, new contracts in escrow up by 183 but sales were down by 83 (3.6%).
With the ACTIVE listings at 18174 and SALES at 2200, we now have 8.72 months of inventory in the pipeline for the South East Valley.
In the past week I have noted increased activity in both my own office and in the title companies I have visited. Is it a trend in the making or just a blip on the radar screen. We should know more by the next report from 1st American Title.
.
I will report of Greater Phoenix in the next report.
Please use the BACK arrow to return to this Blog after viewing the data:
The number of listings in the SOUTHEAST VALLEY went down by only 20 from 3 weeks ago, new contracts in escrow up by 183 but sales were down by 83 (3.6%).
With the ACTIVE listings at 18174 and SALES at 2200, we now have 8.72 months of inventory in the pipeline for the South East Valley.
In the past week I have noted increased activity in both my own office and in the title companies I have visited. Is it a trend in the making or just a blip on the radar screen. We should know more by the next report from 1st American Title.
.
I will report of Greater Phoenix in the next report.
Sunday, June 15, 2008
PHOENIX & EAST VALLEY SALES & LISTINGS
The latest "last 30 day" report for the Southeast Phoenix Valley market provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
MLS INVENTORY - 06/04 - SOUTHEAST VALLEY
The number of listings in the SOUTHEAST VALLEY went down by 518 from 1 week ago, new contracts in escrow decreased by 155 but sales were up by 121 (5.3%).
With the ACTIVE listings at 18194 and SALES at 2283, we now have 7.96 months of inventory in the pipeline for the South East Valley.
Positive results for the total Phoenix MLS area showed the listings decreased by 1246 to 52778, and while new contracts in escrow did decrease by 322, sales increased by 296. We now have 9.3 months of inventory in the Phoenix MLS pipeline.
MLS INVENTORY - 06.04 - TOTAL VALLEY
It is my growing impression from recent reports that most of the sales in our current market are Bank Owned and Short Sale properties. These sales are frequently at much lower prices than the prevailing MLS listing resales. Appraisers will take these lower sales into account when valuing your home so don't be counting on selling at higher prices than the comparables including repos and Short Sales if you list your home. That is not good news for those in distress but Short Sales may be a way to avoid foreclosure. Not easy, but better that a 3 to 4 year delay in your ability to buy another home in the future.
.
Please use the BACK arrow to return to this Blog after viewing the data:
The number of listings in the SOUTHEAST VALLEY went down by 518 from 1 week ago, new contracts in escrow decreased by 155 but sales were up by 121 (5.3%).
With the ACTIVE listings at 18194 and SALES at 2283, we now have 7.96 months of inventory in the pipeline for the South East Valley.
Positive results for the total Phoenix MLS area showed the listings decreased by 1246 to 52778, and while new contracts in escrow did decrease by 322, sales increased by 296. We now have 9.3 months of inventory in the Phoenix MLS pipeline.
It is my growing impression from recent reports that most of the sales in our current market are Bank Owned and Short Sale properties. These sales are frequently at much lower prices than the prevailing MLS listing resales. Appraisers will take these lower sales into account when valuing your home so don't be counting on selling at higher prices than the comparables including repos and Short Sales if you list your home. That is not good news for those in distress but Short Sales may be a way to avoid foreclosure. Not easy, but better that a 3 to 4 year delay in your ability to buy another home in the future.
.
Thursday, May 29, 2008
PHOENIX & EAST VALLEY SALES & LISTINGS
The latest "last 30 day" report for the Southeast Phoenix Valley market provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
MLS INVENTORY - 05/28 - SOUTHEAST VALLEY
The number of listings in the SOUTHEAST VALLEY decreased by 40 from 2 weeks ago, new contracts in escrow decreased by 55 but sales were up by 180 (8.9%). Pretty positive gain!
With the ACTIVE listings at 18845 and SALES & PENDING at 5689, we now have 8.7 months of inventory in the pipeline for the South East Valley.
Positive results for the total Phoenix MLS area showed the listings decreased by 95 to 54220, new contracts in escrow were up by 26, and sales completed were up by 446. We now have 10.1 months of inventory in the Phoenix MLS pipeline.
MLS INVENTORY - 05/28 - TOTAL VALLEY
Keep your eye on the market, we may be stabilizing.
.
Please use the BACK arrow to return to this Blog after viewing the data:
The number of listings in the SOUTHEAST VALLEY decreased by 40 from 2 weeks ago, new contracts in escrow decreased by 55 but sales were up by 180 (8.9%). Pretty positive gain!
With the ACTIVE listings at 18845 and SALES & PENDING at 5689, we now have 8.7 months of inventory in the pipeline for the South East Valley.
Positive results for the total Phoenix MLS area showed the listings decreased by 95 to 54220, new contracts in escrow were up by 26, and sales completed were up by 446. We now have 10.1 months of inventory in the Phoenix MLS pipeline.
Keep your eye on the market, we may be stabilizing.
.
Thursday, May 22, 2008
Watch the Midyear Housing Market Update Video from the National Association of Realtors
The National Association of Realtors® (NAR) has concluded its mid-year legislative meetings.
One of the highlights of the meeting was a presentation by the NAR Chief Economist.
2008 NAR President-Elect Charles McMillan and Chief Economist Lawrence Yun provided Midyear Legislative Meetings and Trade Expo attendees with news on the housing market and when we can expect a recovery.
Click here to watch the video.
A positive message can brighten the future for all of us.
The video is Copyright NATIONAL ASSOCIATION OF REALTORS®
Headquarters: 430 North Michigan Avenue, Chicago, IL. 60611-4087
DC Office: 500 New Jersey Avenue, NW, Washington, DC 20001-2020
1-800-874-6500
.
One of the highlights of the meeting was a presentation by the NAR Chief Economist.
2008 NAR President-Elect Charles McMillan and Chief Economist Lawrence Yun provided Midyear Legislative Meetings and Trade Expo attendees with news on the housing market and when we can expect a recovery.
A positive message can brighten the future for all of us.
The video is Copyright NATIONAL ASSOCIATION OF REALTORS®
Headquarters: 430 North Michigan Avenue, Chicago, IL. 60611-4087
DC Office: 500 New Jersey Avenue, NW, Washington, DC 20001-2020
1-800-874-6500
.
PHOENIX & EAST VALLEY SALES & LISTINGS
The latest "last 30 day" report for the Southeast Phoenix Valley market provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
MLS INVENTORY - 05/13 - SOUTHEAST VALLEY
The number of listings in the SOUTHEAST VALLEY decreased by 95 from 2 weeks ago, new contracts in escrow increased by 171 and sales were up by 39 (2.0%). The positive news continues!
With the ACTIVE listings at 18885 and SALES at 2004, we now have 10.6 months of inventory in the pipeline for the South East Valley, up slightly from 2 weeks ago.
Positive results for the total Phoenix MLS area showed the listings decreased by 1330 to 54315, new contracts in escrow were up by 370, and sales completed were up by 540 (11.9%). We now have 9.3 months of inventory in the Phoenix MLS pipeline.
MLS INVENTORY - 05/13 - TOTAL VALLEY
Keep the good times rolling.
.
Please use the BACK arrow to return to this Blog after viewing the data:
The number of listings in the SOUTHEAST VALLEY decreased by 95 from 2 weeks ago, new contracts in escrow increased by 171 and sales were up by 39 (2.0%). The positive news continues!
With the ACTIVE listings at 18885 and SALES at 2004, we now have 10.6 months of inventory in the pipeline for the South East Valley, up slightly from 2 weeks ago.
Positive results for the total Phoenix MLS area showed the listings decreased by 1330 to 54315, new contracts in escrow were up by 370, and sales completed were up by 540 (11.9%). We now have 9.3 months of inventory in the Phoenix MLS pipeline.
Keep the good times rolling.
.
Thursday, May 8, 2008
PHOENIX & EAST VALLEY SALES & LISTINGS
The latest "last 30 day" report for the Southeast Phoenix Valley market provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
MLS INVENTORY - 05/07 - SOUTHEAST VALLEY
The number of listings decreased by 547 from 2 weeks ago, new contracts in escrow increased by 51 and sales were up by 121(6.6%). The positive news continues!
With the ACTIVE listings at 18986 and SALES at 1965, we now have 9.7 months of inventory in the pipeline for the South East Valley, down from over 10.8 months.
The South East Valley provided most of the positive results for the total Phoenix MLS area which showed the listings decreased by only 217 to 55428, new contracts in escrow were down by 27, althougth sales completed were up by 407 (9.0%).
MLS INVENTORY - 05/07 - TOTAL VALLEY
Keep up the good work, folks.
.
Please use the BACK arrow to return to this Blog after viewing the data:
The number of listings decreased by 547 from 2 weeks ago, new contracts in escrow increased by 51 and sales were up by 121(6.6%). The positive news continues!
With the ACTIVE listings at 18986 and SALES at 1965, we now have 9.7 months of inventory in the pipeline for the South East Valley, down from over 10.8 months.
The South East Valley provided most of the positive results for the total Phoenix MLS area which showed the listings decreased by only 217 to 55428, new contracts in escrow were down by 27, althougth sales completed were up by 407 (9.0%).
Keep up the good work, folks.
.
Friday, April 25, 2008
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.
.
This data is provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
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.
"In the right direction."
A new report:
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.
.
Tuesday, April 15, 2008
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.
This data is provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
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.
We offer this data as a candid, unfiltered, indicator of home listings and sales activity for your decision making process.
Friday, April 4, 2008
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.
This data is provided courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
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.
Thursday, March 27, 2008
GREAT REPORT FOR SOUTHEAST VALLEY SALES & INVENTORY
This is the latest 2008 "last 30 day" report for the Southeast Phoenix Valley market.
This data is provided roughly weekly courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
MLS INVENTORY - 03/26 - SOUTHEAST VALLEY
While the number of listing only increased by 134 Homes since the Feb.13 report below, the 30 day period ending Mar.26 produced new contracts in escrow of 2781 (a 24.4% increase) and sales of 1625 homes (a 43% increase) from the Feb.13 report. Good news indeed and hopefully a sign of the months ahead of us. This is later data than the article two steps below this which reported a 3% national increase in Feb.
An editorial comment based on conversations with other Realtors and heard from Investor presumed Experts - we may be at the bottom. I personally feel there may still be something under 6-8% left to go.
We offer this data as a candid, unfiltered, indicator of home listings and sales activity for your East Valley decision making process.
This data is provided roughly weekly courtesy of First American Title.
Please use the BACK arrow to return to this Blog after viewing the data:
While the number of listing only increased by 134 Homes since the Feb.13 report below, the 30 day period ending Mar.26 produced new contracts in escrow of 2781 (a 24.4% increase) and sales of 1625 homes (a 43% increase) from the Feb.13 report. Good news indeed and hopefully a sign of the months ahead of us. This is later data than the article two steps below this which reported a 3% national increase in Feb.
An editorial comment based on conversations with other Realtors and heard from Investor presumed Experts - we may be at the bottom. I personally feel there may still be something under 6-8% left to go.
We offer this data as a candid, unfiltered, indicator of home listings and sales activity for your East Valley decision making process.
Saturday, February 16, 2008
LATEST REPORT FOR SOUTHEAST VALLEY SALES & INVENTORY
This is the latest 2008 weekly "last 30 day" report for the Southeast Phoenix Valley market.
This data is provided weekly courtesy of First American Title.
Please use the BACK arrow to return to this Blog:
MLS INVENTORY - 02/13- SOUTHEAST VALLEY
Indeed, consistent with the REBAC article just below, in the Southeast Valley, pending sales for the 30 day period ending Dec.12 (1816) to the 30 day period ending Feb. 13 (2234) have increased by 418 homes (23%). This is in the face of many, many, sitting on the side trying to "time the Real Estate market".
We offer this data as a candid, unfiltered, indicator of home listing and sales activity for your East Valley decision making process.
This data is provided weekly courtesy of First American Title.
Please use the BACK arrow to return to this Blog:
MLS INVENTORY - 02/13- SOUTHEAST VALLEY
Indeed, consistent with the REBAC article just below, in the Southeast Valley, pending sales for the 30 day period ending Dec.12 (1816) to the 30 day period ending Feb. 13 (2234) have increased by 418 homes (23%). This is in the face of many, many, sitting on the side trying to "time the Real Estate market".
We offer this data as a candid, unfiltered, indicator of home listing and sales activity for your East Valley decision making process.
Tuesday, January 22, 2008
WHEN IS THE RIGHT TIME TO BUY?
This excellent article from Realty Times guides you on what to look for to know when the time is right:
WHEN IS THE RIGHT TIME TO BUY
You will find the inventory data both on this blog and the Days on Market information at my website HERE under BUYER HELP.
WHEN IS THE RIGHT TIME TO BUY
You will find the inventory data both on this blog and the Days on Market information at my website HERE under BUYER HELP.
Thursday, January 10, 2008
1ST 2008 REPORT FOR SOUTHEAST VALLEY SALES & INVENTORY
his is the 1st 2008 weekly "last 30 day" report for the Southeast Phoenix Valley market.
This data is provided weekly courtesy of First American Title.
Please use the BACK arrow to return to this Blog:
MLS INVENTORY - 01/02 - SOUTHEAST VALLEY
Comparing this data with the last December report (12/12/07), the combined PENDING (under contract) and SOLD totals show an increase of over 300 homes. Current ACTIVE inventory is just over 14 months.
We offer this data as a candid, unfiltered, indicator of home listing and sales activity for your East Valley decision making process.
This data is provided weekly courtesy of First American Title.
Please use the BACK arrow to return to this Blog:
MLS INVENTORY - 01/02 - SOUTHEAST VALLEY
Comparing this data with the last December report (12/12/07), the combined PENDING (under contract) and SOLD totals show an increase of over 300 homes. Current ACTIVE inventory is just over 14 months.
We offer this data as a candid, unfiltered, indicator of home listing and sales activity for your East Valley decision making process.
Wednesday, November 28, 2007
Maricopa & Pinal Country 3rd Q ARMLS Sales & Price History
The following report, provided courtesy of 1st American Title, is a 3rd Quarter ARMLS report of Listing Inventory, Sales, Prices, Days on Market, by Zipcode, for Maricopa and portions of Pinal County.
ARMLS REPORT
This is an exceptionally detailed report of historical data and an ARMLS prediction of where it is headed in the 4th Quarter of 2007.
ARMLS REPORT
This is an exceptionally detailed report of historical data and an ARMLS prediction of where it is headed in the 4th Quarter of 2007.
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