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Mesa Condos For Rent

Todays Date: December 12, 2018

For the housing market in both Phoenix and the encompassing areas of Arizona, 2010 has proven to be a stronger year, thus far. As of the most recent market break down report, inventories have increased by 1%, and 7093 properties went to closing in just one month. As of March 15th, there were 27,594 active listings.

As the market continues to grow against 2009 results, it looks like the sales so far are significantly ahead. Pending sales have increased by more than 40% since the first of this year, which will really increase the number of closings over the next couple of months. The report on March 15th indicates that 27,594 single family houses are up for sale. Based on 7,093 closings over the past month, the number of houses on the market will last for 4 months.

5,681 properties are for sale in the Phoenix area, which reflects a 1% increase over the last reported numbers. There have been 1629 closings in the last month, which is about a 3 1/2 month supply. The West Valley area has a better market right now. In fact, it is the best place in all of Arizona. There are 6,489 houses for sale, with 2,118 closings, which translates to a supply that will last 3 months. The cities in West Valley are Buckeye, Avondale, Tolleson, Goodyear, El Mirage, Youngtown, Sun City, Peoria, and Glendale.

The Southeast Valley of Tempe, Mesa, Gilbert, Apache Junction, Queen Creek and Chandler came in third place, with 6,289 active listings for the time period and 1676 closings, putting this region at about a 3 3/4 month supply. The numbers for the Northeast Valley and the cities of Cave Creek, Carefree, Fountain Hills, Scottsdale, and Paradise Valley, are identical to the numbers on the last report. There are 4,212 properties for sale and 560 closings, which means there is enough supply for 7 1/2 months.

In Scottsdale, 1,981 properties are for sale and there were 354 closings in the less than $1m arena. In the more than $1m arena, there are 965 properties for sale and 53 closings. Up 2% in the less than $1 million market, inventories actually dropped 4% from the prior results in the greater than $1 million market.

Hopefully the housing market for Phoenix and the encompassing regions keeps improving, and the overall trend remains intact. This is great news for our communities, home buyers, and those in the market to sell their homes as well!

Looking to find the best deal on mesa homes for sale, then visit www.mesahomesforsale.biz to find the best advice on homes mesa for you.

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