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42424 N. Gavilan Peak Pkwy. - Anthem, AZ 85086 |
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 Windermere West Valley  |
phoenix real estate ● search homes ● featured listings ● our listings ● client resources buyer resources ● seller resources ● about us ● our services ● our commitment contact us ● our links ● our property eflyers ● our partners ● our blogs |
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© 2007 Arizona Premiere Living |
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35513 N. 11th St. - Phoenix, AZ 85086 |
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Windermere West Valley |
phoenix real estate ● search homes ● featured listings ● our listings ● client resources buyer resources ● seller resources ● about us ● our services ● our commitment contact us ● our links ● our property eflyers ● our partners ● our blogs |
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© 2007 Arizona Premiere Living |
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The dog days of summer are behind us and the Scottsdale real estate market is still struggling to keep up with the rest of the vally. My assessment of this situation is that most homes in Scottsdale do not fit within the conforming loan limits. Therefore people are having difficulties securing loans for homes in this price range. Most homes in Scottsdale are not prime investment properties (negative cash flow on most) so the investors have not yet made their way to Scottsdale like they have in other areas of the valley. In addition, most home buyers looking to purchase in the average price range of Scottsdale also have a home they need to sell somewhere else, further limiting the universe of potential buyers.
Here are September's numbers for the week ending 9/30/08:
Active Listings: 5,710
Homes Pending: 475
Homes sold in last 30 days: 333 (down 11% from August '08, up 19% from Sept. '07)
Burn rate (Inventory on market/by homes sold last 30 days) = 17 months supply
Avg. Sale price (Solds): $535,477 (Up 2% from August '08, Down 8% from Sept. '07)
Avg. price per sq. ft. (Solds): $215.32 (Up $1 per Sq. Ft. from August '08, Down 15% from Sept. '07)
Avg. Days on Market (Solds): 134 (Down 17 days from August '08, Up 10 days, 8% from Sept. '07)
To learn more about Scottsdale real estate click here
For more information about Anthem Arizona visit: www.allaboutanthem.com
Don't look now folks but the Phoenix real estate market is really picking up. Well, maybe you should look. Here are September's numbers for the week ending 9/30/08:
Active Listings: 13,753
Homes Pending: 1,762
Homes sold in last 30 days: 1,459 (up 12% from Aug. '08, up 90% from Sept. '07)
Burn rate (Inventory on market/by homes sold last 30 days) = 9 months supply
Avg. Sale price (Solds): $198,534 (Down 4% from Aug. '08, Down 29% from Sept. '07)
Avg. price per sq. ft. (Solds): $110.80 (Down $8.39 per Sq. Ft. from Aug. '08, Down 34% from Sept. '07)
Avg. Days on Market (Solds): 101 (Down 11 days from Aug. '08, Down 2 days, 2% from Sept. '07)
To learn more about Phoenix real estate click here
For more information about Anthem Arizona visit: www.allaboutanthem.com
The market continues to remain hot in Anthem. The number of homes actively on the market continues to decline which brings us closer and closer to a balanced market, 5 months supply of homes, approximately 90 days on market to sell homes. We are starting to see prices increasing slightly, but not at a break neck rate.
If you or someone you know are considering purchasing a home in Anthem, now's the time.
Here are the lastest stats for the week ending 9/30/08:
Active Listings: 381
Homes Pending: 106
Homes sold in last 30 days: 75 (Even with August '08, up 341% over September '07)
Burn rate (Inventory on market / by homes sold last 30 days) = 5 months supply
Avg. Sale price (Solds): $279,171 (Up 3% from August '08, Down 26% from September '07)
Avg. price per sq. ft. (Solds): $114.14 (Up $1.40 per Sq. Ft. from August '08, Down 30% from Sept. '07)
Avg. Days on Market (Solds): 108 (Even with August 08, Down 46 days, 30% from Sept. '07)
For graphical interpretation of this data please visit: www.allaboutanthem.com
For more general information about Anthem visit: www.onlineatanthem.com
And for more information about myself and my business partner and the Anthem real estate, Phoenix real estate, and Scottsdale real estate markets please visit our website at:
I am a Realtor specializing in the Anthem AZ real estate, Phoenix real estate and Scottsdale real estate markets.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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