Short Sales

Here are some of the latest numbers for the Phoenix real estate market. For definitions please check out our Statistic Definitions & Explanations page.

Here is what stood out to me:

• The total number of active listings is up for the month and the quarter, but WAY less then this time last year
• At the same time the number of sales in Phoenix has dropped as well
• Active listing prices per square foot is $135.82
• Monthly Sales price per square foot is ~$80 and Annually it is at ~$75

*This could be for two reasons: The active listings are the more expensive luxury homes and they are just not selling, or the sellers (or their agents) are completely oblivious to the market.

• The median sales price is just about $100k.  So unless you are priced in this area, be prepared to drop the price.

If you are falling behind on your mortgage payments and need information about a what your options are, please don’t hesitate to give me a call. (480) 389-5199

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