Archive for the ‘mad statistics monday’ Category

Phoenix market continues to see a high depreciation rate and the numbers do not lie.  The outlying areas of Phoenix including Queen Creek, Maricopa, Gilbert, Mesa, Peoria, Litchfield Park, Tolleson, Surprise, Goodyear and other areas are seeing a high amount of depreciation.  This past month we saw an increase in Active listings, as well as an increase in new foreclosure listings. 

                                    All          REO          Short          Traditional

Active                   38854     7884         11598        19164
Pending                15512      3677          8539          3452                            
SOLD                       6611        2817          1562          2208                            

If you are an owner and you are thinking of waiting out the market….it does not look good.  If you would like a consultation and get a free market consultation on the home, please contact me.