Greater Phoenix Active Listings Per Sale Type Jan 2011 to Jan 2012 - 2012 Market Trends

Greater Phoenix Active Listings Per Sale Type - Jan 2011 to Jan 2012

Every week I am asked similar questions about where the Phoenix Real Estate market is headed. And I am glad to report the latest data to support what I've been seeing in our Phoenix Real Estate Market for quite some time.

The Great Phoenix Real Estate Market is trending upwards. It may not sound like that if you listen to national news but you must keep in mind - Real Estate is Local. It's important to pay attention to our local Phoenix real estate data and make your choice as to whether buying or selling a home makes sense for you based on this data - not national real estate data.

The chart below breaks down the 'TYPE' of active listings on the market NOW compared to ONE year ago. This chart shows a very interesting picture for the Phoenix Real Estate Market

Jan 2011 - 986 HUD Listings vs Jan 2012 - 96 HUD listings
90.6% decrease in HUD Listings from 2011 to 2012

Jan 2011 - 7,230 REO Listings vs Jan 2012 - 1962 REO listings
72.8% decrease in REO listings from 2011 to 2012

Jan 2011 -11,549 Short Sale Listings vs Jan 2012 - 2740 Short Sales Listings.
72.2% decrease in Short Sale listings from 2011 to 2012

Jan 2011 - 16728 Normal Listings vs Jan 2012 - 12378 Normal Listings.
26% decrease of Normal Listings from 2011 to 2012

Brown = HUD Homes Red= REO Homes Turquoise = Short Sale Homes Blue = Normal Sale Homes

If you're living in the Phoenix area and are thinking or buying a personal
home or investing in real estate now is the time to buy. Interests rates are historically low and prices are low and starting to go back up. Now is the time to buy a homes in Phoenix

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Real Estate and Working with my Clients is my Passion!

I take my clients trust in me very seriously. I'm known for 'telling' it like it is, not what folks might want to hear or think it should look like. Now that may sound kind of tough, but think about it, in the long run if you want to buy or sell a home you need to know the real facts in order to make a wise choice.

If you want the truth and the whole truth, I am the
Phoenix Real Estate Agent for You.

When you are ready to buy or sell a Phoenix Area Home, I will be your advocate, guide, and fierce negotiator. I will work hard to make your buying or selling a home as smooth and stress-free as I possibly can - even if it's a short sale. Guaranteed.

Call me and let's talk Real Estate 602-380-4886

Sincerely,

Anna 'Banana' Kruchten

Contact Anna 'Banana' Kruchten - Phoenix Real Estate - Arizona's Top Banana!

Real Estate Chart Courtesy of the Cromford Report