Phoenix Real Estate Market Stats a/o 1/29

Another slight increase in inventory this week – a net gain of approximately 400 homes across the Valley – paired with slower holiday and January sales have moved the local absorption rate for single-family homes into double-digit territory.
For those needing to sell, it’s well worth taking a second look at your local market and pricing realistically on the leading edge of the market. Pricing at the market averages may not lead to a quicker sale in much of the Valley.

CITY SOLD 12/29/06-1/29/07 ACTIVE 1/29 Absorption Rate
as of 1/29/07
Change Buyer/Seller
Ahwatukee 14 82 5.86 months 0.32 Buyer/Neutral
Anthem 32 604 18.88 0.13 Buyer
Avondale 84 846 10.07 0.92 Buyer
Buckeye 36 800 22.22 8.31 Buyer
Carefree 3 101 33.67 9.42 Buyer
Cave Creek 31 547 17.65 2.06 Buyer
Chandler 228 1,849 8.11 0.78 Buyer
Desert Hills 8 179 22.38 0.50
Buyer
El Mirage 31 344 11.10 -0.19 Buyer
Fountain Hills 34 397 11.68 -2.14
Buyer
Gilbert 222 1,998 9.00 0.87 Buyer
Glendale 202 1,704 8.44 0.23 Buyer
Goodyear 60 1,070 17.83 3.44 Buyer
Laveen 42 387 9.21 -0.49 Buyer
Litchfield Park 43 399 9.28 1.51 Buyer
Maricopa 42 733 17.45 1.67 Buyer
Mesa 298 2,789 9.36 0.14 Buyer
Paradise Valley 8 276 34.50 7.40 Buyer
Peoria 160 1,600 10.00 0.40 Buyer
Phoenix 847 6,902 8.15 0.36 Buyer
Queen Creek 111 1,625 14.64 0.83 Buyer
Scottsdale 250 3,031 12.12 1.21 Buyer
Sun City 53 648 12.23 1.05 Buyer
Sun City West 37 543 14.68 -2.52 Buyer
Surprise 131 2,059 15.72 -0.27 Buyer
Tempe 71 392 5.52 -0.46 Buyer
Tolleson 31 273 8.81 0.34 Buyer
Waddell 8 98 12.25 -2.32
Buyer
TOTAL 3,055 31,520 10.32 0.59 Buyer

Data provided by ARMLS. Data deemed reliable but not guaranteed

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

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