Sunday Stats

Recovery? Not yet.

Market Analysis & Stats

I’ve been saying for awhile now that the housing recovery will not start until the number of bank-involved (distressed) homes on the market begins to shrink drastically, allowing regular “mom & pop” sellers to compete with one another rather than competing with the banks’ fire-sale prices. Today I pulled a list of the number of [...]

6 April 2009 Read the full article →

Sunday Stats, April 5

Sunday Stats

photo credit to MiamiAmia, courtesy of StockExchange. Here’s this week’s chart. There’s a whole lotta green goin’ on. Compare the Months of Inventory number for the above North Valley ZIP codes to the MOI number for the entire MLS: North Valley, 9.38 ; Entire MLS Region, 6.23. The exurbs are recovering faster than the central [...]

5 April 2009 Read the full article →

Sunday Stats

Sunday Stats

Holy Seller’s Market, Batman! Check out Surprise ZIP 85379 which has shrunk to a mere 3-and-a-half months’ worth of inventory. That’s a strong seller’s market. Six months’ is normal, which should give you an idea of how strong the sellers’ hand is in Surprise. If you’re trying to buy in this ZIP, expect to pay [...]

29 March 2009 Read the full article →

The Foreclosure Effect

Market Analysis & Stats

Our current sales level is not too much different from 2002; it’s the makeup of the market which is different – significantly different! I took a look at the banks’ involvement in the market, pulling all closed sales of Single Family Residence (detached homes) in Maricopa County from January 1 – February 28 in 2002 [...]

19 March 2009 Read the full article →

Update to 2002 Pricing Comparison

Sunday Stats

I published a chart a couple of days ago showing average home prices in the MLS had fallen to 2002 levels.  I’ve had a few people ask for more information about the numbers, so I thought I’d publish an update. Here is a table showing the average sales price for each quarter from January, 2000 [...]

12 March 2009 Read the full article →

Phoenix MLS Pricing down to 2002 levels

Sunday Stats

I took a look at the MLS this weekend, pulling out every Sold residential property since January 1, 2000, and ran some analysis on the numbers over time. Here is a chart showing the Average Price of the homes which have sold through the MLS, plotted by quarter over the last 9 years.  Notice the [...]

9 March 2009 Read the full article →

Sunday Stats

Sunday Stats

photo credit to MiamiAmia, courtesy of StockExchange.  Click here to see the entire Sunday Stats series, and for historical perspective.  Click here for an explanation of the color coding. Click the chart to enlarge, use your browser’s “back” button to return. Heather Barr is a Realtor and a happy workaholic. She eats more than someone [...]

8 March 2009 Read the full article →

Sunday Stats

Market Analysis & Stats

photo credit to MiamiAmia, courtesy of StockExchange.  Click here to see the entire Sunday Stats series, and for historical perspective.  Click here for an explanation of the color coding. Here’s this week’s stats chart covering The Phoenix Agents’ territory. If you click the pic, it’ll open in a new window. I don’t have a comment [...]

1 March 2009 Read the full article →

Sunday Stats

Sunday Stats

photo credit to MiamiAmia, courtesy of StockExchange. Click the picture to enlarge; use your browser’s “back” button to return to the blog. Click here to see the entire Sunday Stats series, and for historical perspective. Background and Color Coding: red is bad, green is good, inasmuch as it means the stats are moving towards a [...]

22 February 2009 Read the full article →

Sunday Stats

Central Phoenix

photo credit to MiamiAmia, courtesy of StockExchange. See the entire series for historical perspective. Time for another edition of the Sunday Stats Background and Color Coding: red is bad, green is good, inasmuch as it means the stats are moving towards a balanced market. Most local experts/forecasters and Realtors use 6 months’ supply of inventory [...]

15 February 2009 Read the full article →

Sunday Stats

Market Analysis & Stats

photo credit to MiamiAmia, courtesy of StockExchange. Click here to see the entire Sunday Stats series, and see the first few entries in the series for explanation of the terms used here, like ‘months of inventory.’ This week’s chart shows an awful lot of green in the pending columns, which I take as statistical backup [...]

25 January 2009 Read the full article →