Phoenix Real Estate Market Stats a/o January 22

avatar.jpgInventory for single-family detached homes in Maricopa County jumped slightly, but slower sales over the last rolling 30-day period caused the absorption rate to jump above the 9-month mark for the first time since I started tracking the figures last July.

The primary cause for this week’s jump in absorption rate? Christmas and the other December holidays, all of which took place during the latest 30-day range, December 22 through today. While real estate inventory rose by around 400 homes, sales fell to just over 3,200 – down from more than 3,600 for the 30-day period ending January 15.

The one bright spot: a net increase of 400 homes is fairly minimal in an area as large as Maricopa County and the greater Phoenix area.

For sellers, the lesson … pay close attention to the five factors that will determine if and how fast your home will sell: price, location, condition, market conditions and marketing. All may not be in your control, but take control of what you can and adjust to the rest.

Realism is the byword.

CITY SOLD 12/22/06-1/22/07 ACTIVE 1/22 Absorption Rate
as of 1/22/07
Change Buyer/Seller
Ahwatukee 15 83 5.53 months 0.53 Buyer/Neutral
Anthem 32 600 18.75 3.32 Buyer
Avondale 90 824 9.16 1.83 Buyer
Buckeye 57 793 13.91 2.15 Buyer
Carefree 4 97 24.25 -1.00 Buyer
Cave Creek 34 530 15.59 2.76 Buyer
Chandler 251 1,839 7.33 0.10 Buyer
Desert Hills 8 175 21.88 3.88
Buyer
El Mirage 31 350 11.29 2.45 Buyer
Fountain Hills 28 387 13.82 -2.30
Buyer
Gilbert 242 1,967 8.13 0.96 Buyer
Glendale 208 1,706 8.20 0.59 Buyer
Goodyear 72 1,036 14.39 2.97 Buyer
Laveen 40 388 9.70 1.00 Buyer
Litchfield Park 52 404 7.77 1.55 Buyer
Maricopa 46 726 15.78 3.96 Buyer
Mesa 302 2,784 9.22 1.20 Buyer
Paradise Valley 10 271 27.10 10.41 Buyer
Peoria 167 1,604 9.60 0.99 Buyer
Phoenix 875 6,814 7.79 1.09 Buyer
Queen Creek 116 1,602 13.81 3.14 Buyer
Scottsdale 274 2,990 10.91 1.25 Buyer
Sun City 57 637 11.18 -0.02 Buyer
Sun City West 31 533 17.19 1.50 Buyer
Surprise 127 2,031 15.99 3.27 Buyer
Tempe 67 401 5.99 1.30 Buyer
Tolleson 32 271 8.47 -1.07 Buyer
Waddell 7 102 14.57 3.97
Buyer
TOTAL 3,207 31,186 8.51 0.67 Buyer

Data provided by ARMLS. Data deemed reliable but not guaranteed

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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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