Valley Market looks assured
Posted by admin in 
Great News!!
Residential Real Estate Market across the Valley seems to be on the positive side looking at the market data as on Apr 7th, 2011.
Across Maricopa County, taking into account New Homes and Resales, total active home listings dropped by 2883 units making the home count stand at 36883, the lowest amount for March in the last two years. 9135 units got sold, which is an upward trend compared to 8657 units last year same month which is 5% increase.
For 8.3 months of supply, short sales comprised 20% of closings & 38% of active listings.
66% of last month home sales were distressed properties.
For Maricopa County:
-for March 2011, the Median Price Sold was $120,100
-for March 2006, MP was $260,000
-for March 2000, MP was $132,000
Some interesting stats to ponder upon for everybody. Overall, outlook seems sound and balanced.
