Real Estate Production, Data, and Market Trends Marcopa County, AZ
Real Estate Production, Data, and Market Trends Maricopa County, AZ
Data Compiled 9/1/2009
Active Inventory: 31,009 a 3.9 month inventory supply overall.
REO inventory continues to decline @ 4410 total units (14%); Short Sales 7,569 (24%)
AWC/Pending: 16,756; Short Sales, 7,526 (45%); REO 5,249 (31%)
Sales last 30 days: 7,982; under $350,000 = 92%
Short Sales, 19%; REO's 50%; Institutional sales 69%; Private sales 31%
Market Inventory Supply Segmentation (Single Family Detached)
Price Range Active Avg. 6/1-8/31 Mos.
mo. sales Inventory
<$200,000 10,661 5,994 1.78
$200,001-350,000 5,227 1,075 4.86
$350,001-500,000 2,618 278 9.4
$500,001-750,000 1,939 141 13.75
$750,001-1,000,000 1,164 42 27.7
$1,000,001- 2 mil 1,409 42 33.5
$2,000,000+ 808 12 67.3
Closed Sales 1/1-8/31
2009 61,690 -62% over YTD 2008 sales!; 84% of 2005 sales
2008 38,170
2007 40,818
2006 52,598
2005 73,570
Short Sale and REO listings new to market
SS REO
April 2,877 3,893
May 2,876 3,680
June 3,272 4,740
July 3,316 4,502
August 2,951 3,119
REO (Foreclosure Notices of Sales are averaging 8,500 per month; 13,000+ in July)
