armls - The North Valley Team of Phoenix Arizona

June 2012 Arizona MLS STAT Newsletter for Phoenix Real Estate Statistics

July 26, 2012 by inVIVO realty Arizona

The Arizona Regional Multiple Listing Service (ARMLS) publishes the STAT newsletter which highlights monthly residential real estate statistics specific to the Phoenix housing market.

This comprehensive newsletter includes data pertaining to total housing and new housing inventory numbers, month-over-month and year-over-year home sales, the reported month’s supply of inventory, new property listing prices, home sales prices, the ARMLS Pending Price Index (which is also broken out as a separate report and posted to our blog ), foreclosures pending, distressed property sales, average listing days on market for homes sold, and a commentary highlighting real estate activity for the month.

Click here to view the June 2012 ARMLS STAT Newsletter™ issue

This newsletter highlights very pertinent data for typical home buyers and sellers trying to understand the Phoenix real estate market as well as for residential real estate investors trying to identify Phoenix home sale trends to make smarter investment decisions.

Contact our team of Phoenix home sale agents and brokers today.

June 2012 Arizona MLS (ARMLS) Subscriber Confidence Index Report

June 21, 2012 by inVIVO realty Arizona

The Subscriber Confidence Index report (SCI) is similar to the Consumer Confidence Index (CCI) in that it mirrors the ARMLS subscriber reaction to the changing Arizona real estate market conditions as well as their experience with current Phoenix AZ home buyers and Phoenix Arizona home sellers. The sentiment of these subscribers influences broker investment and strategy, and how real estate professionals manage their business. Please note that ARMLS subscribers are made up of Arizona licensed real estate brokers and agents.

The June 2012 ARMLS Subscriber Confidence Index charted over the past 13 months.

Like the CCI which is published by the Conference Board, the real value of the SCI lies in being the only economic indicator derived from first hand and up close observations of REALTORS® experiencing what is going on at the front line of the Valley’s real estate market.

Subscriber Confidence was dampened in June as evidenced by de-clines in all three indices. The overall Subscriber Confidence Index declined 3.1% to 81.5%. The Present Confidence Index declined 3.4% to 79.6%, representing the first drop below 80% since Decem-ber 2011. The Expectation Index also fell 3% to 82.8%.

The ARMLS Subscriber Confidence Index percentages and bottom line for June 2012.

What exactly does this mean for Phoenix Arizona home buyers and sellers? We are still seeing a strong purchasing of single family detached property priced at or below $250,000 by cash buyers. Contact us about Greater Phoenix homes for sale, or to ask about what your home in the Greater Phoenix Valley might be worth and we can discuss with you more about the Phoenix AZ real estate market.

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.

Economic and Real Estate Market Watch for Arizona – 1st Quarter 2012

May 30, 2012 by inVIVO realty Arizona

This report is produced by the National Association of REALTORS® (NAR) using data supplied by Arizona Multiple Listing System (ARMLS®).

These quarterly Arizona real estate reports are typically made available approximately 6 – 8 weeks after the end of each quarter.

Each report contains commentary on market trends and economic monitoring, with the purpose being to forecast the direction of the housing market over the next six months by NAR statisticians and economists.

The Market Watch Report analyzes ARMLS statistical data for Maricopa and Pinal Counties.

Arizona Real Estate Marketwatch Report Q1 2012

Contact one of our Phoenix real estate experts to discuss what we see happening in the market.

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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