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December 3, 2008
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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

Christian Broadwell, GRI (480) 206-1258
as of 12/3/2008:
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. Commercial Real Estate is seeing a much needed boost due to the influx of... MORE->
About Christian Broadwell, GRI (480) 206-1258

Reported by

Bill Drummey, CRS, GRI, ABR, ASP, e-Pro
as of 12/3/2008:
Sales in Phoenix were up 70% vs 2007 for October 2008 ( -10% YTD) as the market appears to be turning the corner! If you are "thinking" about buying a home now may be the perfect time with rates still at historical lows, prices are down and supply... MORE->
About Bill Drummey, CRS, GRI, ABR, ASP, e-Pro

Reported by

John Fagundes
as of 12/3/2008:
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 $ 237,000. Down... MORE->
About John Fagundes

Reported by

Bruce The Moose Fraser
as of 12/3/2008:
December 2008 is looking to be a good month for the local buyers. 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:... MORE->
About Bruce The Moose Fraser

Reported by

Ron Wilczek
as of 12/3/2008:
SEE EVERYTHING YOU NEED TO KNOW -- CLICK ON "MORE ->"... ALL THE CURRENT FACTS ARE HERE. NOTE: NOVEMBER 2008 in Phoenix - 20+ months of sales data below will help you understand the market. For more information on how Foreclosures specifically... MORE->
About Ron Wilczek

Reported by

Kevin Beasley
as of 12/3/2008:
CALL KEVIN 24/7 AT 623-583-6346 OR 602-920-2201 SEARCH THE MLS, FIGURE YOUR MORTGAGE, ON MY WEBSITE www.KevinBeasleysellsHomes.com MORTGAGE BROKERS: TO LICENSE OR NOT TO LICENSE, THAT IS THE QUESTION It looks like the bill to... MORE->
About Kevin Beasley

Reported by

Tiffany Huff & Your Home Team!
as of 12/2/2008:
Don't hesitate to call us direct at 1-480-703-2364!!! ASK FOR FREE ACCESS TO THE LOCAL MLS!!! One of the most sought after cities in the nation; Phoenix is beautiful, diverse & affordable! Even with the turn of the market, Phoenix invites hundreds... MORE->
About Tiffany Huff & Your Home Team!

Reported by

Gina McKinley, ABR, CRS
as of 12/2/2008:
The Phoenix metro area's strong seller market from 2005 has gone to a complete reversal in 2008. The large amount of supply has created a buyer's market with record inventory levels. Prices have declined approximately 14% year over year. I... MORE->
About Gina McKinley, ABR, CRS

Reported by

Bob Stahl
as of 11/26/2008:
Phoenix is such a large city that home prices vary dramatically - from $99,900 in the Maryvale area to $274,250 in the Desert Ridge area. Overall, the median price for single-family homes in the City of Phoenix dropped 6.7% to $147,475.... MORE->
About Bob Stahl

Reported by

The Russell Shaw Group
as of 11/24/2008:
Housing Crisis Q & A There are really two markets here in the Valley: above 350k and below 350k. They don't move in tandem. Below 350k (the current FHA max loan amount) it is pretty much a "normal" market. Above 350k - and especially above... MORE->
About The Russell Shaw Group

Reported by

Sandra Bonfim Lange
as of 11/23/2008:
Call Us 480-980-0391 Large Inventory of Great Homes- Great Incentives for the Buyers- FREE List of Homes delivered to you Great Time to Buy!!! Phoenix market had an unbelievable price increase, the inventory was down and the prices were going up by... MORE->
About Sandra Bonfim Lange

Reported by

Corrie Wichterman & Amy Paul
as of 11/20/2008:
Right now is the time to buy, especially in Central Phoenix. Just in the zip code 85014 there are 306 Active listings (condos & single-family). There are 23 pending listings and in the past year there have been 223 sales. At the rate of sales for... MORE->

Reported by

Craig Peck, Broker Associate
as of 11/15/2008:
[Call Craig today for the best current info on homes, 602-290-7090]. The city of Phoenix has had one of Arizona's highest real estate appreciation rates for the last 10 years. This area is still experiencing a good market. The number of active... MORE->
About Craig Peck, Broker Associate

Reported by

The DeCoste Team
as of 11/15/2008:
In October, the average sales price was $168,683 in comparison to the average list price of $261,847 and the number of properties sold was 1228. Currently there are 14,108 Active listings available in Phoenix giving Phoenix a 10 month inventory. The... MORE->
About The DeCoste Team

Reported by

Marcelle Dasgupta
as of 11/13/2008:
You can reach me at 480-203-9447or marcelledas@gmail.com.The Phoenix metro area is continuing to see strong employment and population growth. A vibrant economy, good business, climate and high standards of living continues to attract business, high... MORE->
About Marcelle Dasgupta

Reported by

Kristen VanArsdale
as of 11/10/2008:
The Phoenix market has slowed down. SELLERS- What that means for you is that you should plan on your home being on the market a little longer. Your home will still sell it just may take on average 90 - 120 days to sell. Some areas are taking a... MORE->
About Kristen VanArsdale

Reported by

Betty Harmon, GRI, ABR, ASP
as of 11/6/2008:
If you are trying to decide whether now is a good time to buy a home, opportunities are all around you. This is actually a great time for a buyer. If you are planning on living in your new home for a few years, wiith today's low mortgage rates, it... MORE->
About Betty Harmon, GRI, ABR, ASP

Reported by

Greg Sidoff
as of 10/15/2008:
Although the market has slowed down and leveled off now is the time to buy while rates are low. There are some great homes in Phoenix that are priced to move. Currently there are 10395 single family detached homes for sale in the month of June.... MORE->
About Greg Sidoff

Reported by

Jackie Dokos
as of 10/12/2008:
FREE Access to the MLS at www.JackieDokos.com or www.AZHome4me.com. Call 888-810-8330 and ask for their "Two Nights/Three Days Free Hotel Stay" special when you buy or sell a property through them. AUGUST 2008 STATISTICS Average Days... MORE->
About Jackie Dokos

Reported by

Maureen Karpinski
as of 10/5/2008:
Phoenix. Inventories are unchanged from last week. Total of 10852 active listings with 1267 closings in the last month. About an 8 1/2 month supply. All of this very encouraging and at the same time closings are staying are increasing. If you... MORE->

Reported by

Jason L. Penrose
as of 10/3/2008:
October 2008 Market Update September was a decent month for home sales at 5,825 homes sold. However, 13,497 homes came on the market and over 1,990 homes were foreclosed on. What does this mean? It is a great time to buy a home, a 2nd home or... MORE->

Reported by

Anna Tseplaeva
as of 6/6/2008:
The average sales price of a home in Phoenix in May was $220,806. There's a slight decrease compared to the April's average sales price of $222,108. However, the price continues to decline compared to average sales price in March and February that... MORE->
About Anna Tseplaeva


Average Current Market Rating: 1.5    (22 ratings)




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Buyer's Market

Seller's Market

Average Current Price Trend: 2    (22 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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