Real Estate News and Advice
July 10, 2009
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  CONDITIONS™
By Local Real Estate Experts  

These agents are in the field every day. Who knows the local housing market better than the people who work it on a regular basis? Click on the "MORE" link after each summary to find out more about each agent and their opinion of the Real Estate market for this community. Agents, click here to share your opinions of this market.


Market Conditions Summary for Phoenix, Arizona


Reported by
~ Dreamcatcher Broker: Randy Hooker ~
as of 7/10/2009:
PHOENIX is one of the most popular cities in the entire United States! * 2,167 single family detached homes were purchased in June 2009 vs. 1,030 last year (June 2008). * The average price paid was $129,165 vs. $244,767 last... MORE->
About ~ Dreamcatcher Broker: Randy Hooker ~

Reported by

Christian Broadwell, GRI (480) 206-1258
as of 7/10/2009:
Phoenix now ranked the 5th largest city in the United States. We are seeing what looks like a bottom to the market. Home sales are flat in most areas and rising in others. With our fast paced real estate market a new proposition was approved... MORE->
About Christian Broadwell, GRI (480) 206-1258

Reported by

Ron Wilczek
as of 7/10/2009:
SEE EVERYTHING YOU NEED TO KNOW -- CLICK ON "MORE ->"... ALL THE CURRENT FACTS ARE HERE. NOTE: JUNE 2009 in Phoenix - 2 YEARS of sales data below will help you understand the market. For more information on how Foreclosures specifically affect these... MORE->
About Ron Wilczek

Reported by

Kristen VanArsdale
as of 7/9/2009:
The average sales price for a single family home in Phoenix is $114,038 that is a -59% change from last years figure of $281,306. This drop is mainly because of foreclosures. Phoenix is a very large city so sales prices will vary widely. The... MORE->
About Kristen VanArsdale

Reported by

John Fagundes
as of 7/9/2009:
WELOME TO PHOENIX ! Phoenix is currently experiencing a buyers market with prices trending downward. Now is a great time to get a great deal on a terrific piece of property. The average price of a single family residence is approx $ 142,219. Down... MORE->
About John Fagundes

Reported by

Bruce The Moose Fraser
as of 7/9/2009:
With home prices coming down and the high number of homes listed it would be the ideal time for buyers to make a move. There are several factors that help make this a buyers market: 1. Interest rates are low and banks want to lend money to qualified... MORE->
About Bruce The Moose Fraser

Reported by

Gina McKinley, ABR, CRS
as of 7/7/2009:
The Phoenix metro area's strong seller market from 2005 has gone to a complete reversal , going from boom to bust. However, 2009 is promising to be a year of recovery with many positive signs in market. The large amount of supply has created a... MORE->
About Gina McKinley, ABR, CRS

Reported by

Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
as of 7/5/2009:
Sales in the greater Phoenix area were up 75% vs 2008 for May as the market appears to be turning the corner (at least bottoming out)! If you are "thinking" about buying a home now may be the perfect time with rates still at historical lows, prices... MORE->
About Bill Drummey, CRS, GRI, ABR, ASP, e-Pro

Reported by

Robyne Roveccio-Palmer
as of 6/30/2009:
According to the Cromford Report, 71% of listings are normal, 20% are short sales and 8% are lender owned. 60% of the sales in this zip code are lender owned, 35% are normal and 5% are short... MORE->

Reported by

Sandra Bonfim Lange
as of 6/27/2009:
Call Us 480-980-0391 OR email- sandrahomes@cox.net Large Inventory of Great Homes- Buy Direct post foreclosure homes, Great prices. FREE List of Homes delivered to you. GREAT TIME to BUY!!! Phoenix market had an unbelievable price increase, the... MORE->
About Sandra Bonfim Lange

Reported by

Kevin Beasley
as of 6/25/2009:
CALL KEVIN 24/7 AT 623-583-6346 OR 602-920-2201 SEARCH THE MLS, FIGURE YOUR MORTGAGE, ON MY WEBSITE www.KevinBeasleysellsHomes.com Hey folks! It seems a Mr. Robert Garcia of Surprise was arrested for stripping his home after he received... MORE->
About Kevin Beasley

Reported by

The Russell Shaw Group
as of 6/18/2009:
Is it a Buyer's Market or Seller's Market? It's Both! http://phxhomefinder.com/MonthsSupplybyPriceRange.htm Can a market place favor opposing sides (buyer vs. seller) simultaneously? The short answer is - although we have never seen it... MORE->
About The Russell Shaw Group

Reported by

Betty Harmon, GRI, ABR, ASP
as of 6/9/2009:
Homebuyers are unlikely to find a more opportune time than now to purchase their dream home. Affordability has dramatically increased and with the current all-time low interest rates this can result in a substantially lower monthly payment. A... MORE->
About Betty Harmon, GRI, ABR, ASP

Reported by
David Elet
as of 6/5/2009:
FREE full foreclosure search, including NON MLS foreclosures, use the foreclosure tab on my website to check for non-MLS foreclosures. Homes are selling for an average of $62 sqft, however I can help you find homes that are listed at less... MORE->
About David Elet

Reported by

Lester Cox
as of 4/15/2009:
March showed the largest increase in sales volume in the metro area in over 3 years. As well, pending sales are currently at a higher level than in the past 4 years. Currently, there are approximately 40,000 properties for sale on the MLS with less... MORE->
About Lester Cox

Reported by

The DeCoste Team
as of 3/21/2009:
Overall Market. Inventories are down 2% from last week. Total of 39828 active listings with 5907 closings in the last month. About an 6 3/4 month supply. Phoenix. Inventories are down 2% from last week. Total of 9140 active listings with... MORE->
About The DeCoste Team


Average Current Market Rating: 2.1    (16 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2.4    (16 ratings)




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Falling

Rising

Navigate: Top > Arizona > Phoenix
Desert Ridge - McCormick Ranch - Moon Valley - Northeast Phoenix - Northwest Phoenix - Phoenix Central Corridor - Phoenix Metro - South Mountain - Sun City Grand - Sunnyslope


Note: A strong Buyer's Market does not necessarily mean that it is not a good time to sell your home. Likewise, a strong Seller's Market does not necessarily mean it is a bad time to buy a home. We suggest contacting one of the Real Estate Professionals on this page for advice.

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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