According to the Cromford Report Courtesy of the Cromford Report, the following good news is being projected for the greater Phoenix area market (if you would like a more detailed report, please go to our web page at:)
http://www.century21seago.com/HowsTheMarket
Good News:
We are currently recording 8,378 sales in ARMLS (all areas & types) for December 2010. This is up 24% from November and up 13% from December 2009. This huge sales unit count shows that there is plenty of demand even though over-supply remains a problem. REO sales across greater Phoenix were up 31% month to month and 18% year on year. Short sales and pre-foreclosures were up 34% month to month and 17% year on year. Normal sales were up 10% month to month and 2% year on year. Foreclosures remained very subdued during the month of December (compared with the last two years) with 5,731 new Notices of Trustee Sale (NOTS) in Maricopa County and 3,523 Trustee Deeds (TD) issued. The NOTS were the fewest since March 2008 and the TDs were somewhat higher than November 2010 but otherwise the lowest number since April 2009. Normal sales pricing is on a strengthening trend. Active listings on January 2 are 5.4% lower than on December 2. The Cromford Market Index™ moved from 91.2 on December 1 to 101 on January 1.
Best wishes,
Tom Peterlin Designated Broker Century 21 Seago, Inc Century 21 Quality Service Office 2002, 2004-2010 2226 S McClintock Dr #1 Tempe, AZ 85282 www.c21seago.com 1-800-634-2192
Company: Century 21 Seago Inc
Phone: 800-634-2192
Email: tom at c21seago dot com
