Gilbert Real Estate Blog » mesa market conditions

Greater Phoenix Real Estate ~ May 2010 vs. May 2009

Randy Hooker — Sun, 20 Jun 2010 05:36:25 +0000

Courtesy of the Arizona Regional MLS, the below two charts offer up a quick overview of the current market conditions in the Valley of the Sun. Whether you’re into comparing consecutive month over month stats (like May 2010 vs. April 2010), or year over year (like May 2010 vs. May 2009), the charts are provided to help us grasp the overall picture.

Greater Phoenix Market Conditions

I’m always extremely cautious about using real estate “averages”, as they can and do often skew the true picture of individual communities and areas. Nevertheless, there are a couple of points that are worth noting in the above charts.

It’s interesting that normally at this time of year we experience an increase in listings – and yet the past 2 months has seen a decrease in listings. Anybody care to speculate on the reason(s) for this anomaly?

The next observation is that the greater Phoenix market is holding fairly steadily in the number of Active listings as well as sales.

Additionally, at roughly 4.5 months inventory, the greater Phoenix market appears to be showing some consistent stabilization. As always, time will tell.

NOTE: 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/or accountant.

Greater Phoenix Real Estate ~ December 2009 vs. December 2008

Randy Hooker — Sat, 02 Jan 2010 05:52:04 +0000

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.

Mesa Real Estate – June 2009 vs. June 2008

Randy Hooker — Fri, 10 Jul 2009 17:57:02 +0000

MESA, ARIZONA

…continues with its reputation of being one of the most desirable communities in The Valley of the Sun!

June 2009 vs. June 2008

666 single family detached houses were purchased last month vs. 399 last year (June 2008).

The average price paid was $153,395 vs. $233,511 last year.

The median price came in at $129,000 vs. $190,000 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. 91 days last year.

There were 3,128 Active single family listings vs. 4,517 last year.

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