Every Monday, I update a list that I started back in April 2010 in order to track the Maricopa Arizona housing market. Since I only deal with real estate in the Maricopa Arizona market, I watch these numbers closely. That being said, I noticed a huge shift in the market in the Spring of this year and decided to start a speadsheet to better keep on eye on any trends that develop. The numbers are not necessarily exact as I have to rely on Realtors properly posting their listings and listing traffic accurately. However, I use the same set of criteria each time so the trending should be relevant. Keep in mind that these numbers are for single family detached subdivision homes and does not include acreage or homes on acreage.

• Active listings – 968
• Short Sales – 447
• Lender Owned – 266
• AWC – 141
• Pending – 238
• Closed in OCT – 146

It is interesting to note that number of tings remained relatively stable for the second week in a row. This is after they had increased at a rate of 15 – 30 homes a week since May 2010. I feel that most of this stability is due to the foreclosure moratoriums imposed by a few of the lenders of distressed properties. “Shadow inventory” is most likley building and will definitly have an effect on the inventory in the future.

The total of Closed transactions in the month of October was below expectations and approximately 30% below those of a year ago. Normally we would begin to see an increase over the summer months due to the annual influx of seasonal buyers (snowbirds) but, so far, this has not happened. This is surprising as The Wizards of Waz and The Maricopa Real Estate Company of Maricopa Arizona are currently experiencing a large increase in out of town buyers. Needlees to say, I will be monitoring this number closely as a uge surge is usually expected shortly after the first of the year.

If you would like any more information on the market in Maricopa Arizona, feel free to contact me. Values are at an all time low and there are terrific opportinities to be found. For homeowners and investors alike.