June 2014
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www.homehelperconsultants.com Let ter from the owner Brian Gubernick, Homehelper Consultants
85254 Real Estate Trends & Statistics # of Active Listings # of Sales in Prior Month Active Listings $/Sq Ft Monthly Sales $/Sq Ft Appreciation - Annual $/Sq Ft Short Sale/Foreclosure % of Monthly Sales Listing Success Rate
May 1st | Apr 1st 328 64 $196 $182 18%
305 60 $197 $185 19%
0% 62%
4% 64%
As you’ll note to the left, our inventory increased from last month giving today’s buyers an even greater selection to choose from. Many buyers are either sitting on the fence expecting prices to drop excessively or placing offers at considerably less than list price. There are a few differences between “the crash” and today’s buyer’s market. First, there are fewer desperate sellers. From ’06 to ’09, many sellers were at the risk of defaulting or had already defaulted. Today, AZ has one of the lowest delinquency rates in the country. Next, there are fewer lender-owned and short sale properties listed for sale. In ‘09, 70% of sales were foreclosure or short sales! Deeply discounted competition forced yesteryear’s sellers to accept low-ball offers. Lastly, we have a much stronger job market. Today’s unemployment rate is just above 5% in Maricopa County versus over 10% in 2010. Declining unemployment is a positive trend that stabilizes both supply and demand. To discuss how the above impacts your ability to buy or sell contact us today info@homehelperconsultants.com or
480.314.4442