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Arizona Home Market is Hot
Arizona Homes for Sale! Summer is a sweet time to purchase a home in Arizona. Inventory is low and prices had been on the rise. Will that continue? Let's get together and view homes! Need more Market Information? GilbertPropertySearch.com Talk to you Soon Joan Howard, Realtor CDPE, CSSPE Real Estate Inspired Arizona Properties, Investors, Distressed Assets ...read more
By Joan Howard, Realtor August 04, 2013
Arizona Year End Real Estate Stats and Interesting Trends
Arizona Year End Real Estate Stats and Interesting Trends Arizona Year End Real Estate Stats and Interesting Trends Take a look at our most recent statistics through year-end… There are someinteresting turnsthe market is taking in some areas. Whether temporary or a foresight of what could be coming, we want to keep you best informed regarding our market! See attached statistical reports with current real estate information and trends. The perspective views below are not a representation of fact, but only considered as professional opinion. Reports are from current, residential MLS information - good through December 31, 2008… Also showing continued market trends from the last 2 years. ** Compiled information represents MLS residential properties, located within the local MLS region. Information does not reflect raw land, commercial, or multifamily units. Following the attached reports, in respective order: Supply & Demand Listings– Appears we are maintaining some stability for now in the number of residential listings on the market. Supply & Demand #of units ‘Under Contract’ & ‘Sold’–Here’s where it gets interesting…This shows an incredible (& unseasonable) increase in properties that actually close and go under contract! Nice change to see this! Supply & Demand #of units ‘New Units” to the Market’- More good news… Opposite to “Under Contract” & “Solds” - the number of new residential properties to the market has continued decreasing! Median Price of properties ‘Listed’, ‘Under Contract’, & ‘Sold’– Declining trends continue in this area, as now the median price of a ‘Sold’ residential listing is $144,000! Months Supply of Inventory– Another GREAT change that opposite to even the seasonal adjustments. Our average monthly supply of inventory has dropped this month! Last month we had an average of about 14 months supply, and we went down to 9.5 months in December! Very significant, and hopefully we can maintain or decrease this as time goes on. NEW!! - Percent of homes ‘Under Contract’– This is a new report that I hope you find very interesting! It shows our recent Jump in homes under contract. Highest increase in nearly 6 months! Special Note–Keep in mind with these statistics that they could be affected by agreed foreclosure ‘moratoriums’ agreed by some lenders. As we see them pick up again, we’ll see how this possibly readjusts February and March numbers. NOTE- If you’re looking for other MLS perimeters to these statistics (ie. specific area(s), property types, or ‘wider’ perimeters), please feel free to contact us. Office Agents may use the office workstation to custom design these statistics to tailor to your client’s needs. You can reach Tom Jovanovski of The Thomas Davis Group at 480-248-9175 orwww.thomasdavisgroup.com ...read more
By Thomas Davis Group Realty January 09, 2009
Investment Seminars and Bus Tour
Our Next Fix and Flip Event is July 12 2008 at South East Valley Association of Realtors Builiding. Starts at 10A.M. and Goes Till Noon. Our Next R. E. O. Foreclosure Bus Tour is on July 26, 2008 we will be looking at Bank Foreclosure properties in Tempe. Our Next Networking Roundtable is on July 16th at Keller Williams East Valley ...read more
By Thomas Davis Group Realty June 24, 2008