July 2006 MLS Listings and Sales Stats

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Homes (Data includes Single Family Homes, condo/Townhomes, 2 – 4plex, mobile/mfg and timeshares):

As of August 5, 2006 at 5:51pm:

Current Active Listings: 46,346 (39,086 SFH’s)
Active With Contingencies (AWC): 923 (what does AWC mean?)
Pending: 6,348
Sold (July 1, 2006 – July 31, 2006): 6,103
Sold (June 1, 2006 – June 30, 2006): 7,212

Land:
Active: 9,930
AWC: 45
Pending: 377
Sold (July 1 – July 31): 327

Most expensive current listing: $15,000,000. Nine bedroom, 13 baths, 18,000 square feet in Paradise Valley.

Number of homes listed over $1,000,000 = 2,316
Number of homes listed over $10,000,000 = 12

For more Phoenix Home Sales stats visit the Statistics Page at http://www.ThompsonsRealty.com

Data is extracted from the Arizona Regional MLS (ARMLS) and compiled by yours truly

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About the Author
Jay Thompson

I'm a real estate broker in Phoenix, Arizona and the publisher of the Phoenix Real Estate Guy blog. I tend to drive too fast and scream at the University of Texas and Denver Broncos football teams. My two kids are smarter than most adults I know and my wife is simply amazing.

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It’s very good article. Great site with very good look and perfect information.

"At what point does the funtamental law of supply and demand begin to effect prices."

Many would say it already has. While the average and median sales prices continue to increase, the rate of increase has slowed *significantly*.

One look at the MLS will show thousands of listings with price reductions. Much of that is due to sellers in denial that the 50% appreciation rates of last year are gone.

At what point does the funtamental law of supply and

demand begin to effect prices.

2005 saw unusal gains, which many homeowners are attempting to

benefit from, but seem to forget the that the more there is to

buy, prices must come down to move the inventory.

This is true with apples, tee shirts and houses.

Itu00e2u0080u0099s very good article. Great site with very good look and perfect information.

"At what point does the funtamental law of supply and demand begin to effect prices."

Many would say it already has. While the average and median sales prices continue to increase, the rate of increase has slowed *significantly*.

One look at the MLS will show thousands of listings with price reductions. Much of that is due to sellers in denial that the 50% appreciation rates of last year are gone.

At what point does the funtamental law of supply and

demand begin to effect prices.

2005 saw unusal gains, which many homeowners are attempting to

benefit from, but seem to forget the that the more there is to

buy, prices must come down to move the inventory.

This is true with apples, tee shirts and houses.

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The ARMLS logo indicates a property listed by a real estate brokerage other than Thompson's Realty.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Copyright 2012 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Data last updated 2/8/12 11:00 PM PST.

This IDX solution is (c) Diverse Solutions 2012.