by Amy Jones on August 2, 2008
This week: Our inventory has remained steady however buyer activity is down. Of course it is…it’s 115 degrees! Stay tuned~
While the Phoenix Real Estate market is currently experiencing a high inventory of homes for sale resulting in a buyer’s market, our market is definitely now on a positive trend and appears to be correcting ever so slowly. With more buyer activity over the last three months, our market’s inventory has continued to fall. The entire Arizona Regional MLS is now carrying less than a year’s worth of inventory. We will be in a balanced market when we reach approximately 6 months worth of inventory.
We currently have 9.1 months worth of inventory in
Active Listings in MLS.
(Down from 9.2 months last week.)
Arizona Regional MLS Inventory Data
(All dwelling types)
| 52,493 |
Active Listings |
Up 69 from last week |
| 7,962 |
Pending |
Down 883 from last week |
| 5,730 |
Sold in Past 30 Days |
Up 601 from last week |
Sold dates range is 7/2/2008-8/2/2008
Total Listings as of 8/2/2008
Information reliable but not guaranteed.
The Southeast Valley currently has 8.3 months worth of inventory
Active Listings in MLS.
(Same as last week)
Southeast Valley* MLS Inventory Data
(All dwelling types)
| 17,789 |
Active Listings |
Down 51 from from last week |
| 2,965 |
Pending |
Down 344 from last week |
| 2,152 |
Sold in Past 30 Days |
Down 1 from last week |
*Southeast Valley cities include Ahwatukee, Apache Junction, Chandler, Gilbert, Guadalupe, Mesa, Queen Creek, Scottsdale, Sun Lakes and Tempe
Sold dates range is 7/2/2008-8/2/2008
Total Listings as of 8/2/2008
Information reliable but not guaranteed.
Visit www.AmySellsAZ.com for complete weekly market updates on Phoenix East Valley Real Estate.
Amy Jones of the Amy Jones Group specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountains communities of Pinetop/Lakeside & Show Low.
by Amy Jones on June 22, 2008
The Oakwood Dobson Gate in Sun Lakes has been a central point of controversy for a number of years. Sun Lakes Oakwood is a guard gated community that is conveniently located right smack in the center of a major thoroughfare, Dobson Road. If you are travelling northbound between Queen Creek Road and Riggs Road, you cannot utilize Dobson Road just past the Ocotillo intersection unless you own a home in the Oakwood Subdivision OR if you know someone within the subdivision and can call them using the Sentex System at the Dobson Road Gate to be buzzed in.
If you are travelling southbound and manage to enter the community through the guard gate on Riggs Rd, you will still need a gate pass to exit through the Dobson Gate.
Effective July 1, 2008, the Sentex system will be removed and all visitors will have to enter through the manned guard gates at Riggs Rd. This is sure to be an inconvenience until it becomes the norm. I live in Oakwood and most of my visitors do come through the Dobson Gate utilizing the Telex System. Now they’ll have to drive a few extra miles around to the Riggs Gate. Not a big deal in the grand scheme of life..but I’m sure I’ll hear about it!