maricopa county real estate report€¦ · sellers can’t afford to get cocky about the value of...
TRANSCRIPT
Information gathered from ARMLS on 11/2/2016 unless otherwise noted. Includes all Maricopa County and other areas serviced by ARMLS.
Maricopa County Real Estate Report:A Monthly Overview of Market Statistics
October 2016
Courtesy of Realty ONE Group
1 in 7 Home Sales involved a Realty ONE Group Agent last month!
Courtesy of Realty ONE Group
Total Sales 10/1-10/31 7,104Total Cash Sales 1,511Total Conventional 3,510Total FHA 1,495Total VA 527
Courtesy of Realty ONE Group
30 Year Fixed (Con) 3.59%15 Year Fixed (Con) 2.90%30 Year FHA 3.40%Jumbo Loan 3.75%5/1 ARM 2.90%
Courtesy of Realty ONE Group
Rates as of 11/2/2016
Provided by Mortgage News Daily
Courtesy of Realty ONE Group
* Reflects ALL active inventory as of month end, not just newly listed properties.
Courtesy of Realty ONE Group * Reflects date that status changed to pending or UCB
Courtesy of Realty ONE Group
Courtesy of Realty ONE Group
Courtesy of Realty ONE Group
$284,200Average Sales Price
Courtesy of Realty ONE Group
74ADOM
as of 10/31/2016
Courtesy of Realty ONE Group
Last Month Last Year
Active Listings 4.3% 1.2%
Pending Listings 1.3% 7.2%
Sold Listings 4.2% 10.9%
Average Days on Market 2.7% 1.4%
Average Sales Price 1.1% 7.4%
Sellers:Active inventory continues to increase while the number of homes that
went under contract and sold dropped (again) from September. Home values saw a small positive bump, but they have not increased significantly in nearly 18 months. Price your home in alignment with other sales in your neighborhood. Sellers can’t afford to get cocky about the value of their home…it could cost you a successful sale!
Buyers: Multiple offers are common for homes under $200K. Thankfully, the
majority of sellers are “traditional” sellers and are more agreeable to making inspection repairs and accepting contingencies. Interest rates saw a little increase this month. Time to get off the fence and secure a good rate!!
Courtesy of Realty ONE Group
I hope you have found this report beneficial. Although it provides a general overview of the market, it won’t take the place of a knowledgeable real estate professional.
Please contact me for area-specific market data or for information about buying or selling a home.
Courtesy of Realty ONE Group