Sunday Stats

Maricopa County Sales Charts – July 2011

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

My comments below chars.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just click here to sign up, and you’ll receive your zip code report via email each month.

(click each chart to embiggen)

Number of Homes Sold by Month

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Average Sold Price

image

.

Average Price per Square Foot

image

.

Average Number of Days on Market

image

..

What do you want the charts to say?

Look at the Number of Homes Sold and the Avg Days on Market charts, and you’ll no doubt get excited about the pace of the sales activity.  Lots of homes selling, and in fewer days.  Sounds pretty good, no?

But the Avg Sales Price and the Avg Price per Square Foot show a completely opposite picture, as both measures are sloping downward without an end in sight.

Bottom line – the banks are unloading lots of REO property, and investors are buying in bulk.  These two groups will agree with the fast-paced market approach.  But for the rest of us…  charts 2 & 3 are looking ominous.

** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your still waiting to report a change in the trends Realtor,

Chris Butterworth

Distressed Activity by Month – May 2011

MOTS:  More Of The Same.  Lots of distressed activity.

Good News:  Bank-owned listings, short-sale listings, and vacant listings are all trending downward.  (although the trend line is at a very shallow slope.)

Good News:  Sales of all types are trending up – vacant, occupied, bank-involved, regular sellers.  Sales are outpacing listings.

Good News:  (not in these charts.)  The number of new foreclosures is trending downwards from last year’s peak.

Bad News:  There are still almost 5,000 new vacant listings hitting the market each month – that’s a far cry from normal.

Bad News:  (not in these charts.)  Although sales activity is way up, it is primarily driven by investors.  Should anything happen to change investors’ appetites, inventory levels will skyrocket.

This post will have a lot of easy to read charts, and then I’ll write up a couple thoughts at the end.  I hope you enjoy it..

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

image

.

Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

image

.

Chart 6 - Home Sales by Type of Occupant

image

.

I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

Investors are purchasing homes faster than new homes are hitting the market for sale.  This is good news in that it’s keeping a floor on pricing.  And if new bank-foreclosures are decreasing, this should cause a decrease in supply, further stopping prices from falling.

Even though there are precious few “regular transactions”, where a family is selling one home and buying another, the fact that investors have found a comfort zone with our current pricing suggests we shouldn’t see prices falling further.  (unless they do…)

Your thinking we’re past the bottom, but the normal is still a long ways off Realtor,

Chris Butterworth

Maricopa County Sales Charts – April 2011

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just click here to sign up, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

image

.

Average Sold Price

image

.

Average Price per Square Foot

image

.

Average Number of Days on Market

image

.

** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your keeping an eye on the trends Realtor,

Chris Butterworth

Distressed Activity by Month – April 2011

It’s another good news / bad news month, very similar to the last several months.  Good news is the distressed activity charts clearly show activity levels aren’t getting worse; bad news is the same charts show it isn’t getting much better, either.

This post will have a lot of easy to read charts, and then I’ll write up a couple thoughts at the end.  I hope you enjoy it..

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

image

.

Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

image

.

Chart 6 - Home Sales by Type of Occupant

image

.

I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

Take a look at Chart 3 – Bank Owned + Short Sale Listings.  Going back 28 months, April was only the 6th time we have seen the combined number of listings less than 5,000.  Even better, 4 of the 6 times we’ve had less than 5,000 listings have been in the last 6 months.

This is the single most important indicator of the market changing – the market will be back to ‘normal’ when we don’t have an excess number of distressed listings.  Are we getting to a place where we’re routinely below 5,000?  Will we drop below 4,000 anytime soon?  (We haven’t been below 4,000 since I started tracking these numbers in January 2009.)

I like the fact that we’re trending near Great Recession lows, but until we cross the 4,000 and then the 3,000 barriers we can’t seriously believe things are moving closer to normal.  It could be a lot worse, though, as there are a few months with more than 6,000 distressed listings!

Your hoping next month’s number starts with a 3 Realtor,

Chris Butterworth

Distressed Activity by Month – March 2011

A quick look at the distressed sales and listing activity shows nothing new this month.  Distressed sales are up a bit from the last few months, as are distressed listings.  But neither is out of line with anything we’ve seen over the last couple of years.  More of the same…

This post will have a lot of easy to read charts, and then I’ll write up a couple thoughts at the end.  I hope you enjoy it.

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

image

.

Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

image

.

Chart 6 - Home Sales by Type of Occupant

image

.

I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

The good news:  Owner-occupied homes and traditional sellers shows significant increases.

The bad news:  So did everything else.  More bank-involved listings, more bank-involved sales.

One day we’ll see this distressed activity subside.  We’ll dance in the streets and claim the market is ready to get back to normal.  That day isn’t today, and doesn’t look like it’ll be next month either.

Your could probably type this post without seeing the charts if things don’t change soon Realtor,

Chris Butterworth

Maricopa County Sales Charts – March 2011

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just click here to sign up, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

image

.

Average Sold Price

image

.

Average Price per Square Foot

image

.

Average Number of Days on Market

image

.

** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

My Viewpoint?  I’ve said many times before that you can’t make a trend out of one month.  But it’s still nice to see every chart moving in the right direction – sales are up, prices are up, days on market are down.  Personally, I’ll hold my applause until I see the Distressed Activity Charts moving in the right direction…

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your keeping an eye on the trends Realtor,

Chris Butterworth

Distressed Activity by Month – February 2011

Good news?  Well, a trend has to start somewhere…

This post will have a lot of easy to read charts, and then I’ll write up a couple thoughts at the end.  I hope you enjoy it..

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

image

.

Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

image

.

Chart 6 - Home Sales by Type of Occupant

image

.

I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

On the good news front, it looks like January’s spike in distressed listings might have been an anomaly, as February’s numbers continue the downward trend of the last few months.

On the not-so-good news front, February is the second month in a row where the number of new distressed listings is greater than the number of ALL sales.  Obviously the market can’t be getting better when there are more distressed listings at the end of the month than there were at the beginning.

Your still searching for the good news Realtor,

Chris Butterworth

Maricopa County Sales Charts – February 2011

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

See Your Own Zip Code!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just send me an email with your name, email address, and zip code.  (to chrisb@thephoenixagents.com)  I’ll add you to our zip code mailing list, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

image

.

Average Sold Price

image

.

Average Price per Square Foot

image

.

Average Number of Days on Market

image

.

** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your keeping an eye on the trends Realtor,

Chris Butterworth

Distressed Activity by Month – January 2011

I’m looking at the distressed activity from January and all I can is Yuck…

This post will have a lot of easy to read charts, and then I’ll write up a couple thoughts at the end.  I hope you enjoy it..

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

image

.

Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

image

.

Chart 6 - Home Sales by Type of Occupant

image

.

I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

These are the ugliest charts I’ve seen in a long time.  Here’s what jumps out at me:

Charts 2 & 3, Short Sales – big spike in short sale listings.  These are generally sellers who have fallen behind on their mortgage and are trying to “get out”.

Chart 4, Vacant Listings – there’s definitely not a slow-down of vacant homes hitting the market.  These are generally either bank-owned or situations where the owner has already moved on and is just letting the short sale or foreclosure process take its course.

Chart 5, Type of Seller – this was the first time in almost 2 years we’ve had less than 1,000 traditional sellers.

Chart 6, Type of Occupant – the trends of vacant vs occupied have held steady for a long time.

None of these charts matches any of the good news I’m starting to read about.  Something’s gotta give…

Your hoping to see some changes this year Realtor,

Chris Butterworth

Maricopa County Sales Charts – January 2011

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just send me an email with your name, email address, and zip code.  (to chrisb@thephoenixagents.com)  I’ll add you to our zip code mailing list, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

image

.

Average Sold Price

image

.

Average Price per Square Foot

image

.

Average Number of Days on Market

image

.

** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

I don’t see any recent upticks in these markers.  Fewer homes sold, for less money, and they were on the market for a longer time.  Let’s hope springtime brings with it a change in the market’s direction.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your trend-watching Realtor,

Chris Butterworth

Distressed Activity by Month – December 2010

December was a good month as far as distressed activity – sales were up and listings were down.  A few more months like this & we’ll be headed squarely into recovery-land.  Unfortunately, I don’t think this represents a change in the trends as much as it was just end-of-year activity.

This post will have a lot of easy to read charts, and then I’ll write up a couple thoughts at the end.  I hope you enjoy it..

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

image

.

Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

image

.

Chart 6 - Home Sales by Type of Occupant

image

.

I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

Well, December looks like it was a good month as far as distressed activity goes – a big spike in bank-owned sales coupled with a decline in new distressed listings will help shrink inventory and is good for our market.

However, the decline in new distressed listings was probably due to the holidays more than a change in the market.  (notice the same dip in Nov-Dec last year.)

Overall, we’re still listing more than 4,000 vacant homes each month, and the distressed sales far outweigh the traditional sales…   We’re a long way from recovered.

Your hoping 2011 brings us some relief Realtor,

Chris Butterworth

Maricopa County Sales Charts – December 2010

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just send me an email with your name, email address, and zip code.  (to chrisb@thephoenixagents.com)  I’ll add you to our zip code mailing list, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

image

.

Average Sold Price

image

.

Average Price per Square Foot

image

.

Average Number of Days on Market

image

.

** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your keeping an eye on the trends Realtor,

Chris Butterworth

Distressed Activity by Month – November 2010

I’ve been following these charts for a couple years now, more convinced than ever we’ll see trends towards a recovery here before anywhere else.  So it’s no surprise I get a little excited when I see a downward blip in the graphs.  It’s probably just premature excitement, but still…

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

image

.

Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

image

.

Chart 6 - Home Sales by Type of Occupant

image

.

I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

Notice the drop in bank and vacant listings this month, while distressed sales remained fairly consistent with last month?  Maybe that’s a good sign.  Maybe that’s just the delayed effects of the  robo-signing scandal which broke in October.  Time will tell…

Your hopeful while doubtful Realtor,

Chris Butterworth

Maricopa County Sales Charts – November 2010

November’s charts look a lot like October’s.  Good news is there’s not a big drop-off in sales activity to report.  Bad news is it’s more of the same, with another small incremental rise in days on market.

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just send me an email with your name, email address, and zip code.  (to chrisb@thephoenixagents.com)  I’ll add you to our zip code mailing list, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

image

.

Average Sold Price

image

.

Average Price per Square Foot

image

.

Average Number of Days on Market

image

.

** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your keeping an eye on the trends Realtor,

Chris Butterworth

Distressed Activity by Month - October 2010

Last month I combined my New Distressed Listings analysis with my Distressed Sales analysis, mostly because the two together show a much clearer picture than either one does by itself.  I got some positive feedback, so I’ll continue to write them up this way..

This post will have a lot of easy to read charts, and then I’ll write up a couple thoughts at the end.  I hope you enjoy it..

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

image

.

Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

image

.

Chart 6 - Home Sales by Type of Occupant

image

.

I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

The unnerving trend I pointed out last month has continued – bank and vacant listings are up, and sales are down.  So we’ll see downward pressure on pricing from the one-two punch of increased inventory and the increased bank activity.  They’ll follow that up with the traditionally slow holiday season, and I don’t think pricing is going to gain any strength until the new year..  yuck.

Your counting how many years he’s been waiting for a recovery (2007, 2008, 2009, 2010…) and running out of fingers Realtor,

Chris Butterworth

Maricopa County Sales Charts – October 2010

It hasn’t been the fall autumn we were looking for; the temperatures outside have stayed warm, but the market has cooled off considerably.  Number of Sales, Price per Sqft, and Avg Sales Price have plummeted, while Days on Market has inched upwards.  Not what we’re hoping to see…

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just send me an email with your name, email address, and zip code.  (to chrisb@thephoenixagents.com)  I’ll add you to our zip code mailing list, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

image

.

Average Sold Price

image

.

Average Price per Square Foot

 image

.

Average Number of Days on Market

image

.

** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your trend-watching Realtor,

Chris Butterworth

Distressed Activity by Month – September 2010

This month I’m combining my New Distressed Listings analysis with my Distressed Sales analysis, mostly because the two together show a much clearer picture than either one does by itself.  This post will have a lot of easy to read charts, and then I’ll write up a couple thoughts at the end.  I hope you enjoy it..

(Click on any chart to see a larger version.)

Listings First – Here are the new distressed listings hitting the market each month going back to January 2009, broken out by different types and views.

Chart 1 - New Bank Owned Listings  - (new listings actually owned by the bank – think foreclosures and REOs.)

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Chart 2 - New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

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Chart 3 - New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

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Chart 4 - New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

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Now the Sales - I’ve pulled all the homes sold since 1/1/2009 for Single Family Residences in Maricopa County, broken out by who owns them and who lives in them.

Chart 5 - Home Sales by Type of Owner

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Chart 6 - Home Sales by Type of Occupant

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I am including Single Family Detached Homes listed for sale (or sold) in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

What does it all mean?

When I look at the listing trends or the sales trends individually, I don’t see much of anything to get excited about.  But when I look at them together, uh oh – me thinks we’re getting into trouble.

Notice how the new listings have ticked upward, ever so slightly, over the last 3 months?  (see Charts 1, 3, and 4.)

Now combine that with the slight down-tick in sales from charts over the last 3 months.  (Charts 5 and 6.)

Using the actual figures, we’ve had 17,268 new bank-owned and short-sale listings during the last 3 months, yet we’ve only had 9,983 bank-owned and short-sale listings close escrow during those same 3 months.  Our bank-involved inventory increased by over 7,000 listings in the 3rd quarter!

I don’t want to be a pessimist, but this is all happening as we head into what is traditionally the slowest time of the year for home sales.

That can’t be good news for the direction of the market…

Your struggling to find silver linings Realtor,

Chris Butterworth

Maricopa County Sales Charts – September 2010

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just send me an email with your name, email address, and zip code.  (to chrisb@thephoenixagents.com)  I’ll add you to our zip code mailing list, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

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Average Sold Price

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Average Price per Square Foot

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Average Number of Days on Market

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** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your keeping an eye on the trends Realtor,

Chris Butterworth

Maricopa County Sales Charts – August 2010

Here’s a look at the recent trends county-wide.  I’m pulling a rolling 13-month history so we can see the last year’s trends plus a comparison of this month to the same month last year.

Specific Zip Code reports are now available!  If you’d like to see how the sales activity in your zip code compares with the county as a whole, just send me an email with your name, email address, and zip code.  (to chrisb@thephoenixagents.com)  I’ll add you to our zip code mailing list, and you’ll receive your zip code report via email each month.

and now, on to the reports.  (click each chart to embiggen)

Number of Homes Sold by Month

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Average Sold Price

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Average Price per Square Foot

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Average Number of Days on Market

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** The data for all these charts represents Single Family Homes sold in Maricopa County via the MLS.  All data was pulled from the Arizona Regional Multiple Listing Service, and is thought to be accurate but is not guaranteed.  Please do not make any life-changing decisions based solely on the information contained herein.

Questions, comments, suggestions?  Please give us a call/email anytime – we’d love to hear from you!

Your keeping an eye on the trends Realtor,

Chris Butterworth

New Distressed Listings by Month – August 2010

I pull this data each month and watch the trends, looking for signs of change..  Not much change this month.  A slight uptick in the number of distressed listings, but not enough to signify an upward spike.  We have been trending upwards the last few months, testing the peak from earlier in the spring.  Stay tuned..

See Also:  Distressed Sales by Month – August 2010 to compare what’s selling with what’s being offered for sale.

(click on any chart to see full-sized)

New Bank Owned Listings  (new listings actually owned by the bank – think foreclosures and REOs.)

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New Short Sale Listings (new listings, still owned by the ‘owner’, but needing the bank to take a short payoff because the home is worth less than the mortgage balance.  The bank will need to approve the sale.)

image

.

New Bank Owned + Short Sale Listings  (a combined look at the above charts – these are the new listings where the bank is going to take a loss on the property, and the best reflection of my former Distressed Listings chart.)

image

.

New Vacant Listings  (new listings which are vacant homes.  While not all vacant listings are distressed listings, I am including them because they represent a very large percentage of the overall market, and therefore provide some measurement of Distressed.)

image

.

I am including Single Family Detached Homes listed for sale in Maricopa County via the Arizona Regional Multiple Listing Service.  These numbers are believed accurate but not guaranteed.

Questions, comments?  Give us a call/email anytime!

Your been saying ‘wait till next year’ for so long he feels like a Cubs fan Realtor,

Chris Butterworth