Phoenix metro real estate sales ~ a 4 year snapshot

A few interesting facts about the last 4 years of Real Estate sales in the Phoenix Metro area. 2008 signalled the massive declines in our values. Short sales were born…or at least became more well known. Short sales can still be filled with frustration for buyers and for sallers, but our success ratio is noticable in the number of short sales that have acutally resulted in a sale.

The good news is our homes sales are hopping. There is an inventory shortage of homes for sale in the Valley which will hopefully be followed with the typical supply/demand result…an increase in values.

Stay tuned!

~ In 2011 ~

89,392single family homes/condos/townhomes SOLD in Maricopa County
Of those sold:

39,308 (44%) sold for UNDER $100,000

79,979 (89%) sold for $300,000 OR LESS

763 (-1%) sold for over $1,000,000

31,276 (35%) were Traditional Sales

35,859 (40%) were Lender Owned Sales (REO)

19,566 (22%) were Short Sales

74,732 Single Family Homes were sold in 2011

$5,000~ the price of the least expensive single family (livable) home sold in Maricopa County in 2011. An 1180sf home, with 4 bedrooms, 1.75 baths built in 1955 in Phoenix.

$6,200,000 ~ the price of the most expensive single family home sold in Maricopa County in 2011. A new custom built 11,422sf, 6 bedroom, 9 bath home in Scottsdale.

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~ In 2010 ~

79,308 single family homes/condos/townhomes SOLD in Maricopa County
Of those sold:

28,497 (35%) sold for UNDER $100,000

69,811 (88%) sold for $300,000 OR LESS

797 (1%) sold for over $1,000,000

29,617 (37%) were Traditional Sales

32,399 (40%) were Lender Owned Sales (REO)

16,838 (21%) were Short Sales

75,944 Single Family Homes were sold in 2010

$7,774~ the price of the least expensive single family home sold in Maricopa County in 2010. An 846 sf home, with 3 bedrooms, 1 bath in Phoenix.

$7,500,000 ~ the price of the most expensive single family home sold in Maricopa County in 2010. A new custom built 10,567 sf, 6 bedroom, 9 bath home in Scottsdale.

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~ In 2009 ~

80,887 single family homes/condos/townhomes SOLD in Maricopa County
Of those sold:

28,601 (35%) sold for UNDER $100,000

71,414 (89.5%) sold for $300,000 OR LESS

746 (Less than 1%) sold for over $1,000,000

24,574 (30%) were Traditional Sales

44,742 (55%) were Lender Owned Sales (REO)

11,712 (14%) were Short Sales

80,877 Single Family Homes were sold in 2009

$6,000 ~ the price of the least expensive single family home sold in Maricopa County in 2009. A 756 sf home, with 2 bedrooms, 1 bath with recent fire damage in Buckeye.

$8,497,500 ~ the price of the most expensive single family home sold in Maricopa County in 2009. A new custom built 11,700sf, 5 bedroom, 9 bath home in Scottsdale.

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~ In 2008 ~

51,510 single family homes/condos/townhomes SOLD in Maricopa County
Of those sold:

4,694 (9%) sold for UNDER $100,000

39,202 (76%) sold for $300,000 OR LESS

971 (1.8%) sold for over $1,000,000

33,249 (65%) were Traditional Sales

17,360 (34%) were Lender Owned Sales (REO)

900 (1.7%) were Short Sales

52,080 Single Family Homes were sold in 2008

$11,000 ~ the price of the least expensive single family home sold in Maricopa County in 2008. A 578 sf lender owned home, with 2 bedrooms, 1 bath built in 1954 in Buckeye.

$9,000,000 ~ the price of the most expensive single family home sold in Maricopa County in 2008. A new custom built 11,000sf, 7 bedroom, 10 bath home in Phoenix.

*Information obtained from Arizona Regional MLS is deemed reliable but not guaranteed.

About Amy Jones Group

Amy Jones is the owner of Amy Jones Group Keller Williams Integrity First. The Amy Jones group has been recognized as the #1 Real Estate Team in Chandler by the Phoenix Business Journal and voted Best of Our Valley for 4 years.

The Amy Jones Group specializes in real estate in Chandler, Sun Lakes, Gilbert, Mesa, Tempe, Ahwatukee, and Phoenix.