Home Sales April 2012 Report for Metro Phoenix and Scottsdale
The Real Estate Market in Metro Phoenix and Scottsdale is Bouncing! Hello my friends! I am sorry to be so late this month with the April Market Report. The market has been Crazy and I have been busy, busy, busy! Today we will Review: Home Sales in Metro Phoenix and Scottsdale for March 2012 Update on the Foreclosure market and the so called Shadow Inventory Why new construction will surge this year Finally, our Give the School a Computer Promotion Home Sales in March 2012, Here are the numbers: Available Single Family Homes 11025 down 11.6% from last month and 23% from January 1st Pending Home Sales — Homes under contract 16976 nearly 1.5 times the number of homes for sale Closed Single Family Homes in Metro Phoenix and Scottsdale 7382 up 12% from last month, but down from last year New to the Market 6263 vs new sales of 7705 Price per square foot $84.50 up 4.5% from last month and 9.5% YTD and up 17% from last years low and up 14% from a year ago! In a nut shell the market is on fire right now. Buyers buy smart and buy now. Sellers, you have to give the time to the market for the market to price your home. That is why with our PHLP buyers can’t get into the home for nearly a week after it is listed for sale. Call me to learn more. Update on the Foreclosure Situation in Metro Phoenix and Scottsdale — Great news- Remember the number of people in foreclosure forecasts the future People in Foreclosure for Metro Phoenix and Scottsdale is 15000 down from 20000 in November …
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