Real Estate Information Archive


Displaying blog entries 1-2 of 2

Real Estate Update – Good News for the Phoenix Market

by Nate Martinez

Real Estate Update – Good News for the Phoenix Market 

Although the results of January’s stats show mix results, there is good news for the Phoenix market. Three out of four price metrics reported an increase – median list price up 6.4 percent, the average list price up 10 percent and the median sales price up 1.2 percent.

Pending foreclosures continue in a downward trend, starting with the highest number in November 2011 and down by 78 percent in January. Distressed properties (short sales) have also dropped by 33.8 percent.

There are other indications that the housing recovery in Phoenix will continue. In a recent study, using Moody’s Analytics, based on population and the economy, Phoenix was named the eighth fastest growing metro area. The Phoenix-Mesa-Glendale MSA showed a population growth, which increased from 1 percent in 2012 and has a projected growth of 2.7 percent for 2013.

Although the Phoenix market has struggled with low inventory, new homes are a potential solution. R.L. Brown reported 668 new single family permits in December, which contributed to 35.8 percent increase when compared to December 2012. Overall, there has been a 71 percent increase in new home permits over those numbers in 2011.

For certain, the road back to healthy economy is complex and without constant strides in a positive direction, the road could be long. To read more about the statistics for Maricopa County, please click here. To view the Market Watch report, please click here.

Staying abreast of market trends, data and important information, is a step in the right direction, whether you own a home, investments or plan to purchase in the near future. Be sure to read the recently published STAT Year in Review 2012 and the fourth quarter STAT Plus, for more perspective. Nate

Stats 2011 Year in Review

by Nate Martinez

Stats 2011 Year In Review report provided by Arizona Regional Multiple Listing Service (ARMLS) is now available. This data focuses on the Valley's recovery over the past twelve months, comparing gains and losses for the whole year.

Overall, sales in 2011 rebounded positively, topping out at 101,436, which is the second highest total sales of the decade. To put it in perspective, the total number of sales in 2005 (during the height of the real estate bubble) was 104,725. For more data on inventory, pricing, distressed sales and job growth, Click here to view the full six page Stats 2011 Year In Review report.

For more information on your home values or to learn more about homes currently for sale in metro area, please visit me online at

Displaying blog entries 1-2 of 2




Contact Information

Photo of Nate Martinez Real Estate
Nate Martinez
RE/MAX Professionals
20241 North 67th Avenue, Suite A1
Glendale AZ 85308
Fax: 602-532-7352

Thank you for visiting our website!