On the below map are the home sales in Arrowhead Ranch for the month of December. There were 15 home sales reported in the Arizona Regional MLS, down from 22 one year ago.
As always, click on one of the below markers for specific data on any of the sales. And also as always, all data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.
Technorati Tags: Arrowhead Ranch, Glendale Arizona
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Here is this week’s Phoenix real estate inventory and absorption rate update in tabular form.
Standard disclaimers apply - what you see is data for single-family detached homes in Maricopa County (as the total) as well as Queen Creek and Maricopa (not included in the grand total at the bottom.) All data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.
| CITY | SOLD 12/1//07 - 1/1//08 | ACTIVE 1/1 | Absorption Rate
as of 1/1/08 |
Change | Buyer/Seller |
| Ahwatukee | 7 | 61 | 8.71 | -1.14 | Buyer |
| Anthem | 34 | 565 | 16.62 | -0.47 | Buyer |
| Avondale | 68 | 1,001 | 14.72 | -2.82 | Buyer |
| Buckeye | 57 | 987 | 17.32 | -3.66 | Buyer |
| Carefree | 2 | 126 | 63.33 | -1.00 | Buyer |
| Cave Creek | 22 | 500 | 22.73 | 0.89 | Buyer |
| Chandler | 213 | 2,069 | 9.71 | -0.26 | Buyer |
| Desert Hills | 2 | 167 | 83.50 | -88.50 | Buyer |
| El Mirage | 15 | 415 | 27.67 | 7.94 | Buyer |
| Fountain Hills | 20 | 449 | 22.45 | 2.74 | Buyer |
| Gilbert | 206 | 2,299 | 11.16 | 0.29 | Buyer |
| Glendale | 143 | 2,087 | 14.59 | -1.09 | Buyer |
| Goodyear | 62 | 1,124 | 18.13 | 2.02 | Buyer |
| Laveen | 46 | 439 | 9.54 | -1.07 | Buyer |
| Litchfield Park | 18 | 458 | 25.44 | 7.41 | Buyer |
| Maricopa | 77 | 929 | 12.06 | -1.78 | Buyer |
| Mesa | 260 | 3,228 | 12.42 | -0.88 | Buyer |
| Paradise Valley | 15 | 336 | 22.40 | 0.34 | Buyer |
| Peoria | 103 | 1,737 | 16.86 | 0.96 | Buyer |
| Phoenix | 507 | 9,087 | 17.92 | 0.50 | Buyer |
| Queen Creek | 166 | 1,910 | 11.51 | -3.13 | Buyer |
| Scottsdale | 197 | 3,750 | 19.04 | -0.53 | Buyer |
| Sun City | 59 | 622 | 10.54 | -0.44 | Buyer |
| Sun City West | 44 | 550 | 12.50 | 0.89 | Buyer |
| Surprise | 166 | 2,038 | 12.28 | -0.63 | Buyer |
| Tempe | 48 | 472 | 9.83 | -0.39 | Buyer |
| Tolleson | 41 | 436 | 10.63 | -3.55 | Buyer |
| Waddell | 9 | 130 | 14.44 | -17.31 | Buyer |
| TOTAL | 2,432 | 36,810 | 15.14 | -0.16 | Buyer |
Technorati tags: phoenix arizona, phoenix arizona real estate, real estate, market statistics, absorption rate
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After reporting yesterday’s 5% drop in inventory I took a second look at the numbers today and there was an increase in single-family homes for sale in the Phoenix real estate market - a whopping 11 so far.
Again, expectations are for much of the inventory that came off the books yesterday to re-appear in time but I’m not expecting to see immediate turnarounds on some of the properties.
The absorption rate for Maricopa County is at 15.14, the lowest figure since September 24 of last year. If trends hold, this should drop over the next few months and start rising again later in the summer. Of course, form hasn’t held in some time.
As always, click on any of the markers below for inventory and sales data from the cities and towns in Maricopa County. And also as always, all data is provided by the Arizona Regional MLS and is deemed reliable but not guaranteed.
Technorati Tags: Phoenix real estate, real estate absorption rate, real estate inventory
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