Greater Phoenix Single Family Property Report

While listing inventory under $200,000 is very low it has edged up. In the last three weeks, July 18 to
August 9, Greater Phoenix single family listings under $200,000 increased 5.8% and 10.3% since June 26.
A trend or just the time of year?

Dates

June 26

July 18

August 9

Increase in single family listings under $200,000 June 26 to August 9

Single family active

listings under $200,000

in Greater Phoenix

2,430

2,534

2,680

+ 250 listings

+10%

Estimated months of supply of listings under $200,000

.62 or less than a one of a month supply

.64 or less than a one month supply

.82 or

less than a one month supply

 

The properties analyzed in this report unless otherwise stated are single family detached properties in
Greater Phoenix. Greater Phoenix is defined as the cities in Maricopa County. The information in this
report is from NetValueCentral.com and ARMLS. ARMLS stands for Arizona Regional Multiple Listing
Service, Inc. Eighty-five percent of all residential sales in July 2012 were single family properties.
July 2012 sales were down sixteen percent from June 2012 sales. This decrease in July sales is part
seasonal. For ten of the last twelve years July sales were lower than June sales.
July 2012 sales were down sixteen percent from July 2011 sales. While less sales this July than last July,
there is an important difference. The median sales price per square foot was up for the eleventh
consecutive month increasing 1.6% from June 2012, while July 2011 sales prices decreased 4.0% from
June 2011. See pages seven and eight.
In July 2012 the median sales price per square foot was $86.77 compared to $66.59 in July 2011 for an
increase of thirty percent

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