I’ve sliced & diced the NW Valley numbers in the past, most recently in early December (Northwest Valley Market Statistics). I enjoy doing this as a way to keep my finger on the pulse of what’s going on, and I usually get some interesting feedback from readers, so I’m trying to make this a regular post at the end of each month. In the meantime, here is an update looking at the activity from mid-December through mid-January.
Northwest Valley by City
| Active | Sold | Inventory | Last Month | Pct Change | |
| Glendale | 2,024 | 242 | 8.36 | 7.88 | 6.1% |
| Peoria | 1,533 | 170 | 9.02 | 8.57 | 5.3% |
| Surprise | 1,726 | 257 | 6.72 | 6.43 | 4.5% |
| Northwest Valley | 5,283 | 669 | 7.90 | 7.53 | 4.9% |
Northwest Valley by Price Range
| Active | Sold | Inventory | Last Month | Pct Change | |
| $0 – $250k | 3,858 | 556 | 6.94 | 6.64 | 4.5% |
| $250k – $400k | 928 | 93 | 9.98 | 9.59 | 4.1% |
| $400k – $800k | 378 | 19 | 19.89 | 12.71 | 56.5% |
| $800k + | 119 | 1 | 119.00 | 68.50 | 73.7% |
| Northwest Valley | 5,283 | 669 | 7.90 | 7.53 | 4.9% |
Northwest Valley by City by Price Range
| Glendale | Active | Sold | Inventory | Last Month | Pct Change |
| $0 – $250k | 1,619 | 213 | 7.60 | 7.11 | 6.9% |
| $250k – $400k | 245 | 23 | 10.65 | 9.40 | 13.3% |
| $400k – $800k | 123 | 6 | 20.50 | 18.11 | 13.2% |
| $800k + | 37 | 0 | infinite | infinite | 0 |
| Glendale | 2,024 | 242 | 8.36 | 7.88 | 6.1% |
| Peoria | Active | Sold | Inventory | Last Month | Pct Change |
| $0 – $250k | 903 | 114 | 7.92 | 7.56 | 4.8% |
| $250k – $400k | 391 | 48 | 8.15 | 8.55 | 4.7% |
| $400k – $800k | 165 | 7 | 23.57 | 11.35 | 107.7% |
| $800k + | 74 | 1 | 74.00 | 87.00 | 15.0% |
| Peoria | 1,533 | 170 | 9.02 | 8.57 | 5.3% |
| Surprise | Active | Sold | Inventory | Last Month | Pct Change |
| $0 – $250k | 1,336 | 229 | 5.83 | 5.70 | 2.3% |
| $250k – $400k | 292 | 22 | 13.27 | 11.92 | 11.3% |
| $400k – $800k | 90 | 6 | 15.00 | 9.89 | 51.7% |
| $800k + | 8 | 0 | infinite | 6.00 | infinite |
| Surprise | 1,726 | 257 | 6.72 | 6.43 | 4.5% |
Definitions and Variables – here are the criteria I used for this exercise:
Northwest Valley: Glendale, Peoria, Surprise
Single Family detached homes only
Active: homes currently listed for sale as Active in the MLS
Sold: homes sold between 12/16/2008 and 1/15/2009
Inventory: the number of months it would take to sell all the Active homes at the current sales pace if no new homes came on the market.
That’s an awful lot of red ink in the last column. The only number that’s realistically better is the $250k – $400k price range in Peoria. Otherwise we’re worse across the board.
One silver lining (that’s me, ever the optimist) is the total number of Active Listings is lower than last month: 5,283 down from 5,573. Could that be a step in the right direction?
I’m also giving some leeway for the holiday season skewing our month-to-month comparison.
Your reporting the facts Realtor,
Chris Butterworth
Chris Butterworth is: Realtor. Analyst. Husband. Father. Writer. Amateur Photographer. Triathlete. Soccer Dad. Big fan of technology, efficiency, and the Arizona Wildcats.
Other posts you might like:
{ 1 trackback }