I normally don't send out two editions of Pook's E-News so close together, but today I couldn't resist, as I looked at today's "hotsheet" for activity in Paradise Valley in the last 24 hours. Below you will see all of sales activity in PV between yesterday and today. As you can see, homes are selling again!! Yes, some properties are Bank-Owned or Short Sales, but there are also "normal" sales. Activity throughout the metro area has been steadily increasing, although the high-end market has, for the most part, been very slow. Maggie Clark of Equity Title shared the following (for all of Maricopa county) this week:
Good News!!!Total active listings have dropped to by another 2231 units over the beginning of last month. As of yesterday (3/13) we sit at 39,635 which is the lowest amount in March for the last two years!!! Sales are up to 7725 for the last month as of yesterday! We currently sit at 5.2 months of supply!
February of 2011 closings were 6535 vs. 2010 of 6158 which equates to an 6% increase over last year. Even with the tax credit last year! (Note the numbers haven't been as good for high-end properties, but, as I mentioned, this has been a good week in PV!)
CLOSED means SOLD; PENDING means an offer has been accepted; AWC-I means an offer has been accepted with Seller Instructions to keep it posted until details have been worked out (often with a bank when there is a Short Sale). Note that #4 under PENDING is a rental, not a sale.
No comments:
Post a Comment