Phoenix Housing ARMLS Stats Plus For The First Quarter of 2011
Posted by Artur Ciesielski on Monday, April 25th, 2011 at 12:21pm.As expected the first quarter of 2011 Phoenix homes sales stats shows heavy demand in the $250,000 or less range with dwindling demand as the price increases.
What may be surprising is that homes under $100K don't dominate the chart. That may be primarily due to condition and location of these lower priced homes.
The $100-$250K is the break and butter area and many beautiful homes can be had in this price range especially in the outer areas of the valley like Surprise and Goodyear while $200,000 will be a more reasonable price for a starter home in Central Phoenix.
The luxury market has been slow. Only 5 homes in the 3+ million range sold and only 60 over $1,000,000 sold.
graph = armls
(ARMLS Stat + = STAT+ focuses on average Days on Market (DOM) and Months Supply of Inventory(MSI) at different price points for residential single family housing within ARMLS’s effective service area in flexmls.)
Artur Ciesielski | 602.492.8004
Artur is a Realtor and partner with inPhoenix Realty Group and an aspiring flaneur, currently in Phoenix or elsewhere when time allows, which is rarely. You can find him running up miles on this car, cycling the urban streets, in the office on Central or working at one of the many coffee shops in Central Urban Phoenix.
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