Greater Phoenix Real Estate ~ December 2009 vs. December 2008

January 1, 2010 // No Comments »

Here ya go, boys and girls. Take a look at the charts below, courtesy of the Arizona Regional MLS. They provide a quick overview of the greater Phoenix real estate market for the past year, with particular interest and focus on the period of December 2009 as compared to December 2008.

I have a personal conviction that real estate should not be micro-analyzed, so I’m electing to not draw any conclusions or speculations from the latest “averages.” It’s clear that prices, on the average, are on the rise. Other than that, all indicators point to a bottoming of the residential real estate market in greater Phoenix.

As always, the information and statistics contained in the above charts are deemed reliable, but not guaranteed. If you’re contemplating a major financial decision regarding residential real estate, please do yourself a huge favor and consult with a reputable real estate broker, attorney and accountant.

Posted in arizona market conditions, chandler market conditions, gilbert market conditions, mesa market conditions, phoenix market conditions, queen creek market conditions

Gilbert Real Estate – June 2009 vs. June 2008

July 6, 2009 // No Comments »

GILBERT, ARIZONA

…a shining star in the Valley of the Sun!

June 2009 vs. June 2008

443 single family detached houses were purchased last month vs. 329 last year (June 2008).

The average price paid was $226,660 vs. $284,343 last year.

The median price came in at $199,500 vs. $252,000 last year.

The ratio of purchase price to list price was 98% vs. 97% last year.

The average time on the market was 84 days vs. 96 days last year.

There were 2,175 Active single family listings vs. 3,065 last year.

Click Here for full current Gilbert Market Report

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All data is derived from the Arizona Regional MLS and is deemed reliable but not guaranteed.

photo by Miguel Folch

Posted in gilbert market conditions