July 20, 2010
Mesa AZ Condos For Sale
Phoenix and it’s neighboring cities in Arizona, have seen an improvement in the housing market, since the beginning of 2010. Over a 30-day period, there were 7,093 houses sold, and the number of houses on the market is up 1% since the last time they were reported. 27,594 properties are for sale as of the March 15 report.
As the market continues to grow against 2009 results, it looks like the sales so far are significantly ahead. Houses that are pending sale are up in excess of 40% since the first part of January, which is going to translate in more completed sales in the months to follow. There were 27,594 single family detached homes on the market, as of March 15th. Based on 7,093 closings over the past month, the number of houses on the market will last for 4 months.
5,681 properties are for sale in the Phoenix area, which reflects a 1% increase over the last reported numbers. 1,629 houses have been closed upon over the last 30 days, which represents a supply that will last for approximately 3 1/2 months. Right now, the healthiest housing market is the West Valley area, which is inching out Phoenix by just a small amount. With 6,489 current active listings, Peoria, Glendale, Surprise, El Mirage, Sun City, Goodyear, Litchfield Park, Youngtown, Tolleson, and Buckeye, which make up the West Valley, had closed 2118 properties, giving this area a 3 month inventory.
In third place, with 6,289 listings currently available, and 1676 homes closed for the same period of time, the Southeast Valley of Tempe, Gilbert, Chandler, Mesa, and Apache Junction are averaging a 3 3/4 month supply. With 4,212 active listing along with 560 homes closed, representing around a 7 1/2 month supply, the Northeast Valley, including towns and cities Scottsdale, Carefree, Cave Creek, Fountain Hills, and Paradise Valley, were unchanged.
In Scottsdale, 1,981 properties are for sale and there were 354 closings in the less than $1m arena. In the more than $1m arena, there are 965 properties for sale and 53 closings. Inventories were down 4% since last report in the over $1m market, and up 2% in the under $1m market.
This is a desirable trend, and there are signs that the housing market in and around Phoenix will keep getting better. Home sellers, home buyers, and our neighborhoods on the whole, are enjoying a boost from this trend!
Learn more about homes in ahwatukee. Stop by Logan Oulman’s site where you can find out all about homes for sale in mesa az and what it can do for you.
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