By: Starting today, Sunday, April 27, 2008 I will be doing a Maricopa County market update each Sunday for the indefinite future. I will be doing these updates for the 10 cities in Maricopa County that I do the vast majority of my business. (You’ll notice a predominantly NE Phoenix area focus). For this first week, I’m not going to provide any historical information, but in subsequent weeks, I’ll provide historical trending indicators.
A few disclaimers to get things rolling, of course. All data comes via ARMLS, and is presumed to be reliable, but is not guaranteed. All numbers represent only single family detached homes. Condos, townhouses, timeshares, vacant land lots, and manufactured homes are not represented in these numbers.
In Maricopa County, there are 39,299 single family homes for sale, 5194 sales are currently pending, and 3588 homes close escrow in the last 30 days.
The following are the city-by-city breakdowns:
| City |
Homes For Sale |
Sale Pending |
Sold |
| Phoenix |
10289 |
1175 |
796 |
| Scottsdale |
4313 |
361 |
280 |
| Mesa |
4562 |
502 |
353 |
| Chandler |
2502 |
342 |
253 |
| Glendale |
2138 |
340 |
188 |
| Goodyear |
1012 |
153 |
114 |
| Tempe |
543 |
97 |
68 |
| Cave Creek |
587 |
39 |
26 |
| Fountain Hills |
540 |
37 |
31 |
| Paradise Valley |
474 |
26 |
12 |
| Carefree |
156 |
5 |
6 |
.
2 responses so far ↓
Steve, thanks for an interesting post with numbers. The liquidity crunch in the market is a factor that explains the current situation - its something any RE investor/buyer has to keep in mind - whether its Virginia or other places.
Despite Bush denying any Recession, I think cash is a better choice at least for next 2 quarters for first time home owners. RE investors can take positions…if they have surplus cash, that is.
- Ryan
Oh, I meant to say Arizona/Phoenix in my earlier comment!
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