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Phoenix Arizona Real Estate Market Positive Trends


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Blog by Doug Ingersoll | December 4th, 2014


So sales in general are starting to pick up year over year.
Cash purchases are down as investment properties get hard to find.
Pricing is now stable.
Listings seem to be falling off - part may be the Thanksgiving/Christmas
season but part may be a market shift.

From Fletcher Wilcox at Grand Canyon Title Agency:

Sales of Existing Single Family Properties Greater Phoenix:

How Single Family Properties were Purchased: October 2013 compared to October 2014:

 

2013 October

2014 October

Number Change

Percent Change

Cash purchase

1,226

1,064

-162

-13.2%

Conventional Loan Purchase

1,933

1,958

25

1.3%

FHA Purchase

1,019

1,116

97

9.5%

VA Purchase

297

364

67

22.5%

Other

57

58

1

1.7%

   Total

4,532

4,560

28

.06%

 

Sales Volume Single Family Existing Properties Greater Phoenix:

New Monthly Listings for Existing Single Family Properties Greater Phoenix: