10/2/2016
20,198 Active listings
6,281 Pending listings
3,997 AWC
3,596 Sold - September 2016
September was a fairly active month. We have been a very steady market, we've been in the 20,000 range for active listings for the last 8+ months. Pending have dipped slightly but AWC listings have maintained. It was a typical September for sold listings.
The Phoenix area market has remained very consistent and we are looking for a typical winter. Interest rates have not changed and it seems as if everything is on hold until the Presidential election. Many experts feel we will have interest rate changes in December or January. This remains to be seen.
20,198 Active listings
6,281 Pending listings
3,997 AWC
3,596 Sold - September 2016
September was a fairly active month. We have been a very steady market, we've been in the 20,000 range for active listings for the last 8+ months. Pending have dipped slightly but AWC listings have maintained. It was a typical September for sold listings.
The Phoenix area market has remained very consistent and we are looking for a typical winter. Interest rates have not changed and it seems as if everything is on hold until the Presidential election. Many experts feel we will have interest rate changes in December or January. This remains to be seen.
6/28/2016
20,706 Active listings
7,874 Pending listings
4,154 Pending and accepting back up offers
3,785 Sold listings in last 30 days
*2,064 under $250k (54%)
*1,345 between $250-$500k (35%)
* 379 over $500k (10%)
These numbers show that we are solidly in a seller's market. With over 12,000 pending properties, we have less than 2 months inventory. In a traditional market we have between 30,000 and 40,000 listings. So our inventory is very low.
We should have an increased amount of closings next month, which is typical for Maricopa County, as many people are trying to get settled prior to the start of the new school year.
The under 250k market is still very strong while the luxury market over 500k is not very active. If you are looking for a new fix and flip it is best to stay under $250k.
Kris Ontiveros
US Preferred Realty
602-292-5747
krisonti@gmail.com
Follow me on Twitter: https://twitter.com/azhomerenovator
Follow me on Facebook: https://www.facebook.com/phxcashflow/
Follow me on Instagram: https://www.instagram.com/azhomerenovator/
Visit me on Youtube: https://www.youtube.com/channel/UCaHF4097oEBtelEQHK25WrQ
We should have an increased amount of closings next month, which is typical for Maricopa County, as many people are trying to get settled prior to the start of the new school year.
The under 250k market is still very strong while the luxury market over 500k is not very active. If you are looking for a new fix and flip it is best to stay under $250k.
Kris Ontiveros
US Preferred Realty
602-292-5747
krisonti@gmail.com
Follow me on Twitter: https://twitter.com/azhomerenovator
Follow me on Facebook: https://www.facebook.com/phxcashflow/
Follow me on Instagram: https://www.instagram.com/azhomerenovator/
Visit me on Youtube: https://www.youtube.com/channel/UCaHF4097oEBtelEQHK25WrQ
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