August Production

Let's take a quick look at the production for August '09 to date according to the Arizona Regional Multiple Listing System (ARMLS). This is in Maricopa county and includes residential sales only. We will do Pinal County tomorrow.



Active listings as of 8/28/09= 31,719 with an Average List Price of $387,554. We added 9,179 listings so far this month, and have sold 5,333 and 6,126 are currently pending for close. The average sold price is $175,314 average Days on Market (DOM) is 99. These statistics represent a good sign. The number of active listings is going down each month and we are maintaining a consistent sales number of 10,000+. We will have to wait until the first week of September to verify the actual number of sales because it is typical for most home sales to occur on the last day of the month.



If you are interested in contributing to the improving numbers above, give us a call we would love to assist you in finding a home, or selling yours if you so choose. Contact Marie Zubkoff 480.233.7051 or Andrew Walsh 602.527.2639 to discuss. Or visit us at http://YourGilbertHome.com. Thank you for visiting!

Arizona Real Estate Market Improving

According to the Arizona Regional Mulitple Listing System (ARMLS) statistics, there were 39,672 active listings in June, down from 57,362 of June '08. Also, slaes in June '08 were 5,673 compared to 9,310 June of this year. Another comparison is 10.21% of active homes sold in June '08 and 23.47% of active homes sold this June! That is an eye opening statistic.

Average days on market (DOM) for active listings has kept relatively consistent over the past 10 months adusting up and down monthly between 77 and 88. The average sales price had a steady decline from July '07 ($343,412) through March '09 to a low of ($158,809) and has increased each month through June '09 currenlty ($171,423).