For people watching Phoenix, PV, Carefree, Scottsdale home figures. The figures were just released for March. Please see the end of this article to see the figures.
Well, it looks as if the majority of the Zip codes my brother and I keep an eye on are moving up.
The areas in Phoenix near the Scottsdale border are still a little sluggish but the more expensive areas and best schools districts are very positive for sellers. You will find that all areas listed are falling in numbers of listings and sells of family homes have gone up in numbers and most in price.
You will also notice that the average of days on market have increased, meaning buyers are picking up old inventory. A couple of areas show very little increase in price per sq foot but most not discounted much off asking price.
Call or e-mail me if you need any additional info or need to see or list a home.
Thanks,
Mike 602-531-8256 mike@classicsouthwest.com
http://realtyexecutives.com/mikemullan
Additional Info :
March Home Sales in Phoenix Area Hit 66 Month High
The Phoenix Business Journal reported yesterday that March marked the most home sales in 66 months for the Phoenix area. The news article starts by saying:
“Good news on the residential real estate front. The 9,933 Phoenix-area sales transactions that closed in March marks the most sales in 66 months, according to the Arizona Regional Multiple Listing Service Inc. monthly statistics report. It’s also the fifth highest sales month since 2001…”
| Listing Info for North Central and North Phoenix / Scottsdale & PV | |||||||
| All locations are inside or near the 101 Freeway. | |||||||
| Zip Code & Area – 85253 / PV | |||||||
| Date | 4/1/2011 | 3/1/2010 | 2/1/2011 | 1/1/2011 | 12/1/2010 | ||
| Physical Area | Paradise Valley | ||||||
| Active Listings | 385 | 395 | 385 | 382 | 392 | ||
| Sales Per Month | 29 | 25 | 26 | 29 | 24 | ||
| Sale – $/per Sq Ft | $296 | $274 | $295 | $269 | $260 | ||
| Days on Market – Sold | 222 | 209 | 240 | 215 | 288 | ||
| Average Sale Price % of list | 89.40% | 89.90% | 92.20% | 86.80% | 94% | ||
| Listing Success Rate | 56% | 58% | 41% | 56% | 44% | ||
| Lender Owned-% Active Listings | 3% | 4% | 4% | 5% | 5% | ||
| Lender Owned-% Monthly Sales | 21% | 24% | 19% | 27% | 25% | ||
| Pre-foreclosure % Monthly sales | 14% | 8% | 12% | 27% | 29% | ||
| 85254 – Noth Scottsdale | |||||||
| Physical Area | North of PV – Scott & Phoenix inside the 101 loop | ||||||
| Active Listings | 263 | 283 | 317 | 323 | 356 | ||
| Sales Per Month | 74 | 62 | 67 | 77 | 52 | ||
| Sale – $/per Sq Ft | $126 | $120 | $126 | $134 | $131 | ||
| Days on Market – Sold | 104 | 123 | 137 | 125 | 119 | ||
| Average Sale Price % of list | 95.40% | 96.7 | 95.60% | 95.40% | 95.9 | ||
| Listing Success Rate | 65% | 67% | 57% | 66% | 62% | ||
| Lender Owned-% Active Listings | 11% | 14% | 17% | 15% | 13% | ||
| Lender Owned-% Monthly Sales | 39% | 29% | 33% | 35% | 29% | ||
| Pre-foreclosure % Monthly sales | 14% | 21% | 22% | 14% | 25% | ||
| 85260 – North Scottsdale | |||||||
| Physical Area | North Scottsdale in the N.E. corner of the 101 Freeway | ||||||
| Active Listings | 207 | 220 | 205 | 221 | 239 | ||
| Sales Per Month | 44 | 30 | 37 | 45 | 32 | ||
| Sale – $/per Sq Ft | $150 | $141 | $147 | $157 | $126 | ||
| Days on Market – Sold | 132 | 93 | 170 | 119 | 104 | ||
| Average Sale Price % of list | 97.60% | 94% | 92.20% | 96.30% | 94.40% | ||
| Listing Success Rate | 59% | 70% | 49% | 68% | 54% | ||
| Lender Owned-% Active Listings | 14% | 14% | 11% | 12% | 10% | ||
| Lender Owned-% Monthly Sales | 34% | 30% | 22% | 32% | 47% | ||
| Pre-foreclosure % Monthly sales | 30% | 10% | 27% | 9% | 13% | ||
| 85020 – Central Phoenix | |||||||
| Physical Area | Central Phoenix on Street Side of town | ||||||
| Active Listings | 174 | 207 | 199 | 199 | 186 | ||
| Sales Per Month | 36 | 17 | 22 | 25 | 30 | ||
| Sale – $/per Sq Ft | $87 | $82 | $81 | $85 | $111 | ||
| Days on Market – Sold | 128 | 75 | 112 | 116 | 106 | ||
| Average Sale Price % of list | 95.20% | 97.8 | 95.60% | 93.00% | 97.40% | ||
| Listing Success Rate | 63% | 49% | 43% | 54% | 60% | ||
| Lender Owned-% Active Listings | 21% | 22% | 21% | 18% | 19% | ||
| Lender Owned-% Monthly Sales | 56% | 47% | 45% | 36% | 43% | ||
| Pre-foreclosure % Monthly sales | 11% | 12% | 27% | 40% | 23% | ||
| 85021 – Central Phoenix, Az | |||||||
| Physical Area | Central Phoenix on the Ave. Side of town | ||||||
| Active Listings | 124 | 134 | 154 | 151 | 159 | ||
| Sales Per Month | 34 | 25 | 21 | 35 | 28 | ||
| Sale – $/per Sq Ft | $96 | $86 | $78 | $73 | $67 | ||
| Days on Market – Sold | 101 | 84 | 93 | 96 | 145 | ||
| Average Sale Price % of list | 95.2 | 97.10% | 94.50% | 92.40% | 92.90% | ||
| Listing Success Rate | 57% | 64% | 53% | 71% | 53% | ||
| Lender Owned-% Active Listings | 15% | 16% | 21% | 21% | 17% | ||
| Lender Owned-% Monthly Sales | 47% | 60% | 52% | 54% | 46% | ||
| Pre-foreclosure % Monthly sales | 12% | 8% | 14% | 23% | 14% | ||
| 85016 – Central Phoenix | |||||||
| Physical Area | Central Phoenix – East of the 51 Hwy. | ||||||
| Active Listings | 193 | 214 | 213 | 208 | 221 | ||
| Sales Per Month | 30 | 31 | 24 | 38 | 30 | ||
| Sale – $/per Sq Ft | $115 | $160 | $91 | $98 | $128 | ||
| Days on Market – Sold | 149 | 122 | 111 | 101 | 110 | ||
| Average Sale Price % of list | 96.10% | 96.3 | 94.60% | 94.90% | 94.20% | ||
| Listing Success Rate | 59% | 62% | 42% | 68% | 57% | ||
| Lender Owned-% Active Listings | 11% | 14% | 18% | 15% | 16% | ||
| Lender Owned-% Monthly Sales | 43% | 52% | 46% | 41% | 40% | ||
| Pre-foreclosure % Monthly sales | 17% | 10% | 21% | 23% | 20% | ||
| 85018 – Central Phoenix | |||||||
| Physical Area | Central Phoenix – East of 32 street | ||||||
| Active Listings | 254 | 273 | 259 | 254 | 283 | ||
| Sales Per Month | 58 | 32 | 39 | 43 | 29 | ||
| Sale – $/per Sq Ft | $162 | $183 | $179 | $163 | $142 | ||
| Days on Market – Sold | 120 | 88 | 138 | 108 | 151 | ||
| Average Sale Price % of list | 91.30% | 93.40% | 90.50% | 92.00% | 92.50% | ||
| Listing Success Rate | 63% | 49% | 52% | 59% | 41% | ||
| Lender Owned-% Active Listings | 9% | 10% | 10% | 10% | 11% | ||
| Lender Owned-% Monthly Sales | 17% | 25% | 33% | 21% | 17% | ||
| Pre-foreclosure % Monthly sales | 26% | 13% | 15% | 21% | 31% | ||
| 85251 – Central Scottsdale | |||||||
| Physical Area | Central Phx. And Scottsdale East of 59 Street | ||||||
| Active Listings | 99 | 119 | 124 | 118 | 120 | ||
| Sales Per Month | 21 | 19 | 21 | 23 | 24 | ||
| Sale – $/per Sq Ft | $117 | $128 | $179 | $134 | $114 | ||
| Days on Market – Sold | 124 | 122 | 117 | 75 | 113 | ||
| Average Sale Price % of list | 99.20% | 92.30% | 87.8 | 96.20% | 90.00% | ||
| Listing Success Rate | 48% | 53% | 57% | 72% | 55% | ||
| Lender Owned-% Active Listings | 13% | 17% | 15% | 21% | 14% | ||
| Lender Owned-% Monthly Sales | 29% | 32% | 29% | 27% | 29% | ||
| Pre-foreclosure % Monthly sales | 14% | 32% | 14% | 23% | 35% | ||
| 85262 – Carefree | |||||||
| Physical Area | North of Troon and Carefree | ||||||
| Active Listings | 514 | 526 | 544 | 533 | 532 | ||
| Sales Per Month | 61 | 50 | 26 | 44 | 41 | ||
| Sale – $/per Sq Ft | $211 | $180 | $205 | $224 | $187 | ||
| Days on Market – Sold | 285 | 254 | 330 | 255 | 244 | ||
| Average Sale Price % of list | 92.40% | 89.90% | 91% | 88.70% | 88% | ||
| Listing Success Rate | 61% | 37% | 54% | 57% | |||
| Lender Owned-% Active Listings | 5% | 5% | 6% | 8% | 8% | ||
| Lender Owned-% Monthly Sales | 31% | 35% | 34% | 38% | 17% | ||
| Pre-foreclosure % Monthly sales | 20% | 18% | 19% | 36% | 41% | ||
What is This?
