Comments on: June 2006 Phoenix Sales Stats

By: Jay - The Phoenix Re

Jay - The Phoenix Re — Mon, 23 Jun 2008 07:20:09 +0000

"I am curious to know the figures for 2007" You can find a lot of past and current listings and sales stats on my Phoenix Real Estate Home blog.

By: water 4 gas

water 4 gas — Mon, 23 Jun 2008 05:06:45 +0000

I am curious to know the figures for 2007.

By: On Chicken Little, Booming & Crashing, Insanity and Herd-minded Snakes at The Phoenix Real Estate Guy

Thu, 26 Oct 2006 05:55:46 +0000

[...] My quarterly reviews are a year behind: Correct again. I’ll get a new one up someday (though it will be in a completely different format). It’s been on my to do list for, oh about a year. You wonder how I have the time to update the blog so regularly and not them? In many ways, the website quarterly reports have been replaced by regular blog posts on market stats. I actually made a conscious decision to put less of my personal opinion (”Spin” to use your term) into the quarterly reports and just reports the facts on this blog and my site–so people can form their own opinion. I frequently provide basic market stats on this blog here, here, here, here, here, here, here, here, here, here. (I probably missed a couple.) I also provide listings and sales stats on the website. This page has monthly listings, sales, and days on market data for all of 2004, 2005, and 2006 to date, in addition to yearly summaries from 2002 – 2005. You may also be interested in the 2006 quarterly reports on the stats page. I didn’t write them, but they do contain some interesting sales/listings stats.I think I provide my site and blog visitors with plenty of data to form their own opinions. I’m not sure they need my little quarterly summaries any more. [...]

By: Todd Tarson

Todd Tarson — Sat, 29 Jul 2006 08:52:03 +0000

I agree Jay with what you said here. Some sellers at least understand if they sell a home for less than the peak prices they are still seeing record proceeds. And proceeds are not proceeds until their property changes hands and money is collected.

By: The AZ Real Estate G

The AZ Real Estate G — Fri, 28 Jul 2006 12:48:46 +0000

Todd – I think there are MANY sellers trying to cash out at the peak. The Phoenix area was FLOODED with investors over the last couple of years. And it's many of those investors that have homes listed now. They want to cash out at the top (or as close as they can get to it) and move on to the next hot spot.

Makes it painful for those that NEED to sell their homes… but what a lot of people tend to forget is that even when a home is aggressively priced to sell, odds are the seller is still making a killing. Maybe not as big a killing as they might have a few months ago, but a killing none the less.

Jay

By: Todd Tarson

Todd Tarson — Wed, 26 Jul 2006 16:58:26 +0000

Do you get the feeling that sellers are trying to cash out at the peak?? Like they really don't NEED to sell, but if they did and got the high price they are asking for they can do something else (like start up money for a business), or simply settling on renting until the prices return to a more normal situation??

I think some of this larger supply of inventory that all of a sudden showed up is related to sellers like this. I'm hoping that many will pull their listings in the coming months in time to steady the market before all this talk of an impending crash becomes reality.

By: The AZ Real Estate G

The AZ Real Estate G — Sun, 23 Jul 2006 14:53:53 +0000

DLFCO –

Welcome to the nightmare of trying to determine sales stats. You probably shouldn't try to compare stats between sources (such as AZRec and the MLS) because they may indeed be pulling data from different places.

"ARMLS" (Arizona Regional Multiple Listing Service) services all of Maricopa and Pinal counties. ARMLS includes some areas that are significantly distant from Phoenix proper such as Casa Grande, Eloy, Maricopa, etc. I do not believe these areas are included in AZRec data.

The discrepancie between sources with regard to townhomes/condos may be explained by the definition of townhome and/or condo. Different people consider different things as condos/townhomes. To confound the data even more, there are also "patio homes"….

Your best bet may be to find, and stick, to one source. When comparing data in, for example, the MLS and ONLY the MLS, you will be able to get a valid idea of trends and shifts. (as long as the MLS data is pulled the same way every time.) So use one source for trends. The ABSOLUTE number may not be 100% accurate, but a trend-over-time analysis should be.

By: DLFCO

DLFCO — Fri, 21 Jul 2006 14:38:10 +0000

I have been reading more, and I came across your June 11 post where you discuss the difference between the MLS stats and the Azrec stats.

Nonetheless I am more confused now than ever. It would seem that the Azrec stats would be higher due to the inclusion of FSBO etc. But Azrec May sales is 6870 and MLS appears to be higher at 7558 or 6931 if you exclude condos.

Also Azrec reports condo/townhome May sales of 1470 whereas MLS reports 657. Either that's a lot of FSBO activity in the condo market or I'm not comparing apples to apples. I am new to looking at Phoenix housing stats so please bear with me–

By: DLFCO

DLFCO — Fri, 21 Jul 2006 13:51:15 +0000

Came across your site – great resource pulling together lots of stats.

I am unclear on the most recent article saying AZ Real Estate Center 5460 June sales.

The link to the ARMLS data has Phoenix area June sales at 6636 or 7207 with condos.

Does the ARMLS include other areas or where's the discrepancy?

By: The AZ Real Estate G

The AZ Real Estate G — Wed, 19 Jul 2006 17:14:53 +0000

Landlord –

Couldn't agree with you more, on all points!

Nice blog by the way…