Phoenix Arizona Real Estate Market Statistics - The North Valley Team of Phoenix Arizona

Phoenix AZ Rent Check Statistics on Residential Home Leases for June 2012

June 18, 2012 by inVIVO realty Arizona

The Metropolitan Phoenix Valley RENT Check™ statistical data is derived from ARMLS’s monthly report addressing the Phoenix residential single family home rental market.

This home leasing report features the Rent Check Quotient™ (RCQ™) which is the result of dividing the number of leases by the number of closed home sales as reported in STAT. Elevated lease activity is driven by high foreclosure volume, which turns would-be home owners into renters, and investor sales into rentals rather than owner occupied houses.

Click here to view the Valley’s latest single family home lease statistics.

Greater Phoenix Distressed Property Report for the Month of May 2012

June 7, 2012 by inVIVO realty Arizona

The Arizona MLS Distressed Property Report addresses homes in the Greater Phoenix area as well as property lying outside the Valley’s perimeter.

This report contains three interactive maps, each specific to a classification of distressed property: short sales, foreclosures, and a map of all distressed properties. Each map is a snapshot of the active distressed property on May 31 grouped by property postal code. The percentage of active properties to distressed properties can be displayed by clicking on a dot.

Click any of the distressed property classifications below to see interactive maps. Once on an interactive map, clicking a dot will display more information.

Short Sales | Foreclosures | All Distressed Properties

Greater Phoenix Rent Check Statistics on Residential Home Leases for May 2012

June 7, 2012 by inVIVO realty Arizona

The Greater Phoenix RENT Check™ statistical data originates with ARMLS’s monthly publication addressing the Phoenix Valley’s residential single family leasing market.

This rental home report features the Rent Check Quotient™ (RCQ™) derived by dividing the number of leases by the number of closed home sales as reported in STAT. Elevated lease activity is stoked by high foreclosures, which turn home owners into renters, and investor sales into rentals rather than owner occupied houses.

Click here to view the Valley’s latest single family home rental statistics.

The June 2012 Arizona MLS Pending Price Index Supplement for Phoenix Homes for Sale

June 6, 2012 by inVIVO realty Arizona

The ARMLS Pending Price Index (ARMLS PPI) Supplement focuses on new Phoenix pending properties added each month to the Arizona MLS system and analyzes $/SQ FT at different market value price points.

The ARMLS PPI works off of the assumption that when a Phoenix home for sale goes under contract and then into pending status, the contract at that point has satisfied any contingencies with the most common potential roadblock being whether or not a home buyer ends up having issues with his or her lender to such an extent that the issues result in a cancellation of the contract. In this case the home would fall out of pending status and becomes active again. Therefore, most discrepancies between what the PPI predicts and what actually happens may be attributed to an overstated prediction of pending homes that actually convert to executed home sales contracts.

With that consideration in mind, the ARMLS PPI predicts the direction of the Phoenix real estate market thirty days into the future and is based on the pending home sales in the Arizona multiple listing system.

Click here to view the June 2012 issue of the ARMLS Pending Price Index™

Contact our team of Phoenix real estate agents and home sale specialists if you are a buyer, seller, or investor, and you are interested in selling or buying Phoenix property.

Arizona MLS (ARMLS) Subscriber Confidence Index for May of 2012

May 17, 2012 by inVIVO realty Arizona

Similar to the Consumer Confidence Index, the SCI mirrors ARMLS subscriber reaction to changing Arizona real estate market conditions and their experience with current Phoenix home buyers and Phoenix home sellers. This sentiment influences subscriber investment and strategy regarding their professional real estate activities. Please note that ARMLS subscribers are comprised of Arizona licensed real estate agents and brokers.

The ARMLS Subscriber Confidence Index charted over the past 13 months.

Similar to the Consumer Confidence Index published by the Conference Board, the relevance of the SCI lies in being the only economic indicator derived from the firsthand, up close observations of REALTORS® who operate at the front line of real estate in the Valley.

Following two months of point declines in 1.8 to 2.8 range, May’s Subscriber Confidence was buoyed in all three indices. The overall Subscriber Confidence Index rose 1.3% to 84.6, while the present confidence rose only .1% to 83% and the Expectation Index rose 2.2% to 85.8%. All three indices have remained above 80% since January, an indication of a higher level of confidence relative to Q3 and Q4 of 2011.

The ARMLS Subscriber Confidence Index percentages and bottom line.

The ARMLS® Subscriber Confidence Index™ (SCI) is derived from survey responses from a representative random sampling of ARMLS subscribers who have closed at least one transaction in the previous twelve months.

So what does this mean for Phoenix home buyers and sellers? Well, as Summer approaches, we are quickly coming into the busiest time of year for home closings in North Phoenix so we still need to keep a close eye on comparative homes sales over the past six months. We are clearly seeing a bit of a buying frenzy for homes priced at or below $250,000 and much of this home buying consists of all cash transactions. Contact us about Greater Phoenix homes for sale, or about listing your property in the Greater Phoenix Valley and we can discuss with you what is going on in the Phoenix Arizona real estate market.

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