Tempe's housing market continue to out pace the valley averages. Due to it's location, Arizona State University, and being landlocked, Tempe continues to be a desirable city. Tempe seems to be following it's own trend, and not what the rest of the valley is doing. Current inventory has increased again this month and is at 999 home. The Phoenix metro area and the other east valley cities have seen their current inventory decrease over the last several months.
November's Residential Highlights The East Valley area of Phoenix is still in a downward trend for home prices. The median price is $263,832 for a 2,134 square foot home. Total inventrory is 9,946 active listings. The absorbtion rate is down this month as well, which is typical for this time of year. The East Valley added 497 new listings to the total inventory the week of December 7th and sold off 475 of those listings. Average Days on Market has increased again to an average of 101 days. There have been are positive figures for the last several months, showing that we have possibly hit bottom as closed sales have continued to creep up and have increased every month since Sept. 2007 with the exception of January 2008. An interesting side note is that Expired and Cancelled listings have also declined, showing that the homes on the market are truly the homes that must sale. Current inventory levels are now at a 9 month supply. Now is the time to take advantage of the great buyer opportunities while they are still there! The inventory is great, prices are amazing, and many sellers, including bank owned properties, are willing to provide closing assistance, as well make repairs. If you are interested in what your home is currently worth or would like information on purchasing, please contact me at 480-355-8645 or ginamckinley@remax.net for a Free Market Analysis or Buyer Information Packet. You may also view my Featured Properties at www.LocateArizonaHomes.com
Location Characteristics: Tempe is home the America's largest university, Arizona State. Tempe is a diverse community of students from across the globe to million dollar subdivisions. It is landlocked between Phoenix, Chandler, and Scottsdale. Tempe offers wonderful entertainment with Mill Ave. restaurants and clubs, Tempe Town Lake, Big Sur waterpark, and Kiwanis Park. Tempe is also host the Rock n Roll Marathon and a triathlete event. Tempe is a considered a very desirable community ue to it's location and amenties.
Myself, my husband Dan and our two children live in Ashley Park of Chandler. We have relocated around the country with corporate relocations before finally settling in Arizona over eleven years ago. My personal experience with buying and selling as well as my business education gives me a unique perspective in helping my clients with their needs. I am also active in my community, donating time to the local schools and my church. I also am a sponsor of Phoenix Rescue Mission.
I'm dedicated to selling homes in Arizona. I have over 11 years of experience and with awards such as "Multi-Million Dollar Producer," and the prestigious "RE/MAX 100% Club," you know I'm a dedicated professional working with you to achieve your home selling or purchase goals.
I'm a Certified Residential Specialist and an Accredited Buyer Representative. My experience, additional levels of education, and certifications means there is no other agent more suited to help you buy your new home or sell your current one.
After all, our goal is to "Locate your Arizona Home"!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
