Posts Tagged ‘ Area Home Sales ’

I just read an article from the Phoenix Business Journal regarding homes prices.    Everyone is always wondering when the real estate prices will have hit bottom.  That is something we can’t tell until prices have started to increase and we are past the bottom.  We have seen greater competition by buyers in the market place...
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March sales of existing homes through the Arizona Regional Multiple Listing Service increased over last year by 18%. Some of this is attributable to the home buyer tax credit which requires a contract by the end of April. We have also seen a number of second home buyers from other states and Canada. Home...
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There have been several articles in the Arizona Republic lately regarding reports on the housing market.  It looks like we will hit the price bottom for houses sometime this spring and may have already hit it for foreclosures.  Here are a few quotes and some links to the articles. “Overall, the 20-city index (S&P/Case-Shiller...
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55% more homes were sold in 2009 than 2008 in the Greater Phoenix area through ARMLS.  ARMLS is the Arizona Regional Multiple Listing service and includes single family homes, townhomes, and condos  sold through real estate agents.  The number of listings available for sale at the end of 2009 were 16,574 less than at...
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You’ve bought your new home and amended your tax return and now you wait. And wait. 1.4 million tax payers are waiting with you. According to the Daily Real Estate News, the IRS is experencing higher than normal the number of amended returns and that the IRS does these returns by hand, hence long...
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Some people think the Phoenix area housing market hit bottom around April of this year. That may well be the case. We won’t know for sure for at least another six to twelve months. We do know that the number of homes sold in the Phoenix area has been higher this year than last....
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Sales of existing homes were up 44% over August of the prior year.  The number of  existing homes available has continued to shrink from 55,458 in August 2008 to 38,000 in August of this year.  These are both good signs that the housing market is continuing to improve in our area. This data is supplied...
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Sales of existing homes continued to be strong in the Phoenix area in July.  The number of homes sold through the MLS in the Phoenix regional area was up 54% in July over the same month last year.  The amount of inventory available for buyers has continued to shrink from a high of 60,625...
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Good news home sales were up in the Greater Phoenix area in June! This data is supplied by the Arizona Regional Multiple Listing Service. ARMLS, West USA, and Pat & Amy Monahan do not guarantee the accuracy of the data.
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Sales for the Arizona Regional Multiple Listing Service (ARMLS) were 9,321 homes in May of this year versus 5,590 in May of last year.  Inventory is down to a 4.5 month supply versus a 10.6 month supply at the same time last year.  A 6 month supply is considered a normal market.  So for Chandler,...
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