Market Conditions for Phoenix, Arizona Reported by Ron Wilczek, REALTOR, ePRO, ABR Updated January 8, 2009.

Current Market Rating: 1 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 1 1 2 3 4 5 Falling Rising

SEE EVERYTHING YOU NEED TO KNOW -- CLICK ON "MORE ->"... ALL THE CURRENT FACTS ARE HERE. NOTE: JANUARY 2009 in Phoenix - 20+ months of sales data below will help you understand the market. For more information on how Foreclosures specifically affect these numbers, copy and paste this URL into a new web browser:

http://www.valleywidehomes.com/Foreclosure_Report/page_2041187.html

For comprehensive insight into "current foreclosures for sale" and the foreclosure process -- short sales, Trustees Sales, and REO's -- copy and paste this URL into a new browser:

http://www.ForeclosureExpert.info

Phoenix single family residences, patio homes, and townhomes under $1,000,000 and over 1,000 sq ft.

JANUARY '09 - 10,491 Homes for sale

DECEMBER '08 - 11,071 Homes for sale; 1,265 sold (11.4%); 8.8 months inventory
avg. 1,727 sf - price $142,274 - on market 102 days - price per-sq ft $82

NOVEMBER '08 - 13,927 Homes for sale; 897 sold (6.4%); 15.5 months inventory
avg. 1,770 sf - price $162,485 - on market 111 days - price per-sq ft $92

OCTOBER '08 - 10,600 Homes for sale; 1,117 sold (10.5%); 9.5 months inventory
avg. 1,747 sf - price $174,726 - on market 97 days - price per-sq ft $100

SEPTEMBER '08 - 10,431 Homes for sale; 1,275 sold (12.2%); 8.2 months inventory
avg. 1,788 sf - price $189,990 - on market 101 days - price per-sq ft $106

AUGUST '08 - 10,405 Homes for sale; 1,137 sold (10.9); 9.2 months inventory
avg. 1,828 sf - price $208,004 - on market 114 days - price per-sq ft $114

JULY '08 - 10,113 Homes for sale; 1,171 sold (11.6%); 8.6 months inventory
avg. 1,817 sf - price $218,462 - on market 113 days - price per-sq ft $120

JUNE '08 - 9,926 Homes for sale; 1,053 sold (10.6%); 9.4 months inventory
avg. 1,852 sf - price $234,953 - on market 124 days - price per-sq ft $127

MAY '08 - 10,075 Homes for sale; 923 sold (9.2%); 10.9 months inventory
avg. 1,840 sf - price $242,834 - on market 126 days - price per-sq ft $132

APRIL '08 - 10,027 Homes for sale; 865 sold (8.6%); 11.6 months inventory
avg. 1,859 sf - price $247,602 - on market 131 days - price per-sq ft $133

MARCH '08 - 9,841 Homes for sale; 642 sold (6.5%); 15.3 months inventory
avg. 1,845 sf - price $257,104 - on market 121 days - price per-sq ft $139

FEBRUARY '08 - 9,731 Homes for sale; 516 sold (5.3%); 18.7 months inventory
avg. 1,821 sf - price $264,388 - on market 133 days - price per-sq ft $145

JANUARY '08 - 9,118 Homes for sale; 462 sold (5.1%); 19.7 months inventory
avg. 1,861 sf - price $279,749 - on market 128 days - price per-sq ft $151

DECEMBER '07 - 9,958 Homes for sale; 551 sold (5.5%); 18.1 months inventory
avg. 1,861 sf - price $285,093 - on market 127 days - price per-sq ft $153

NOVEMBER '07 - 10,010 Homes for sale; 559 sold (5.6%); 17.9 months inventory
avg. 1,801 sf - price $275,846 - on market 120 days - price per-sq ft $153

OCTOBER '07 - 10,056 Homes for sale; 623 sold (6.2%); 16.1 months inventory
avg. 1,802 sf - price $287,921 - on market 113 days - price per-sq ft $160

SEPTEMBER '07 - 9,913 Homes for sale; 640 sold (6.5%); 15.5 months inventory
avg. 1,795 sf - price $282,591 - on market 104 days - price per-sq ft $157

AUGUST '07 - 9,770 Homes for sale; 818 sold (8.4%); 11.9 months inventory
avg. 1,823 sf - price $301,912 - on market 99 days - price per-sq ft $166

JULY '07 - 9,462 Homes for sale; 914 sold (9.7%); 10.4 months inventory
avg. 1,763 sf - price $296,864 - on market 96 days - price per-sq ft $168

JUNE '07 - 9,147 Homes for sale; 1,034 sold (11.3%); 8.9 months inventory
avg. 1,801 sf - price $310,368 - on market 94 days - price per-sq ft $172

MAY '07 - 8,655 Homes for sale; 1,074 sold (12.4%); 8.1 months inventory
avg. 1,740 sf - price $298,852 - on market 91 days - price per-sq ft $172

APRIL '07 - 8,031 Homes for sale; 1,095 sold (13.6%); 7.3 months inventory
avg. 1,740 sf - price $299,844 - on market 92 days - price per-sq ft $172

MARCH '07 - 7,320 Homes for sale; 1,162 sold (15.9%); 6.3 months inventory
avg. 1,719 sf - price $292,275 - on market 95 days - price per-sq ft $170

ASK ME HOW TO GET THE BEST DEAL ON A HOME IN THIS MARKET!

For more information visit my website at:

OwnInPhoenix.com

Also visit the official city website at:

http://phoenix.gov/


ZIP Codes: Over, 70, zip, codes, too, numerous, to, list

Location Characteristics: Phoenix is young by historical standards but now ranks as one of the fastest-growing cities in the nation. It is currently the 5th largest city in the U.S. Visitors, residents and businesses will find that Phoenix offers just about everything in the way of sports, recreation, arts, culture, dining, lodging and financial opportunities. Phoenix is one of the fastest-growing job and housing markets in the nation. Mild winters and a relatively low cost of living have fueled much of the growth. Phoenix has an overall cost of living index of 96.8, or just slightly below the U.S. average. Area in square miles: 514.

In Phoenix, recreation is a year-round pursuit. You can mountain bike along world-class single-track trails or find solitude hiking in the expansive South Mountain Park/Preserve, known as the largest municipal park in the United States. Visit renowned arts and cultural venues or choose from more than 100 urban parks. Escape the heat at one of 29 public pools, play a round at a championship golf course or join a sports league.

The greater Phoenix area is a $50 billion marketplace driven by technology. World-leading companies such as Intel, Avnet, Motorola, AlliedSignal, Honeywell and Boeing Company have chosen Phoenix for their corporate and regional headquarters. Industry giants such as STMicroelectronics, American Express, Phelps Dodge, Sumitomo Sitix, Prudential, Charles Schwab and Mayo Clinic have major operations in Phoenix.


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