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.
