| Mesa Home Sales Are Increasing This Year |
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| Written by Nathan Oulman |
| Tuesday, 27 July 2010 14:12 |
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As of a few months into 2010, the housing market in certain sections of Arizona, including Phoenix, is improving. In a month's time, sales on 7093 properties have closed, and inventories are up 1% since the last market break down report. 27,594 properties are for sale as of the March 15 report.
As of a few months into 2010, the housing market in certain sections of Arizona, including Phoenix, is improving. In a month's time, sales on 7093 properties have closed, and inventories are up 1% since the last market break down report. 27,594 properties are for sale as of the March 15 report. Right now, it looks like the number of homes that are selling is better than the number was in 2009. Pending sales have increased by more than 40% since the first of this year, which will really increase the number of closings over the next couple of months. The number of single family detached homes that were on the market since March 15th, was 27,594. The present market has 4 months supply, after 7,093 houses closed in just the preceding 30 days. A total of 5,681 active listings presently exist in Phoenix itself, and inventories here are also 1% greater than the prior results. There have been 1629 closings in the last month, which is about a 3 1/2 month supply. Right now, the healthiest housing market is the West Valley area, which is inching out Phoenix by just a small amount. There are 6,489 houses for sale, with 2,118 closings, which translates to a supply that will last 3 months. The cities in West Valley are Buckeye, Avondale, Tolleson, Goodyear, El Mirage, Youngtown, Sun City, Peoria, and Glendale. The Southeast Valley of Tempe, Mesa, Gilbert, Apache Junction, Queen Creek and Chandler came in third place, with 6,289 active listings for the time period and 1676 closings, putting this region at about a 3 3/4 month supply. The Northeast Valley (Scottsdale, Paradise Valley, Fountain Hills, Cave Creek and Carefree) remained unchanged from the last report having 4,212 active listings and 560 closings, which is about a 7 1/2 month supply. For the less than $1 million home market, Scottsdale had 354 homes closed with 1,981 active listings, and regarding the greater than $1 million market, 53 homes closed with 965 active listings. In the over $1 million market, property supplies decreased by 4%, while the under $1 million market saw an increase of 2% in inventories. Hopefully the housing market for Phoenix and the encompassing regions keeps improving, and the overall trend remains intact. For anyone looking to sell their house in the area, as well as for home purchasers and the communities we all love too, this is terrific news! DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Learn more about mesa new homes. Stop by Nathan Oulman's site where you can find out all about mesa phoenix az and what it can do for you. |