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The Impact of Lender-Owned Homes (Completed Foreclosures) Compared to the Overall Market in the Metro-Phoenix Area |
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| Single-Family Homes Available | Single-Family Homes Sold | |||||
| Price Increment |
Total Homes Available 11-15-2008 |
Lender Owned Available 11-15-2008 |
% Lender Owned |
Total Sold Oct, 2008 |
Lender Sold Oct, 2008 |
% Lender Sold |
| $0- $100,000 | 6,184 | 3,230 | 52% | 816 | 544 | 67% |
| $100,001 - $200,000 | 14,928 | 3,840 | 26% | 2,088 | 1,066 | 51% |
| $200,001- $300,000 | 8,279 | 1,033 | 12% | 996 | 266 | 27% |
| $300,001- $400,000 | 4,445 | 375 | 8% | 382 | 87 | 23% |
| $400,001- $500,000 | 2,651 | 187 | 7% | 196 | 38 | 19% |
| $500,001- $600,000 | 1,793 | 79 | 4% | 81 | 11 | 14% |
| $600,001- $700,000 | 1,260 | 54 | 4% | 46 | 6 | 13% |
| $700,001- $800,000 | 918 | 32 | 3% | 41 | 7 | 17% |
| $800,001- $900,000 | 690 | 19 | 3% | 17 | 4 | 24% |
| $900,001- $1,000,000 | 609 | 13 | 2% | 16 | 2 | 13% |
| $1,000,001+ | 3,348 | 30 | 1% | 52 | 2 | 4% |
| Totals | 45,105 | 8,892 | 20% | 4,731 | 2,033 | 43% |
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*Data as shown in the Valley-wide MLS system. 
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Where are the Valley's Lender-Owned Homes?
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City |
Priced |
Priced |
Total |
| Phoenix | 3,208 | 397 | 3,605 |
| Mesa | 561 | 100 | 661 |
| Glendale | 510 | 100 | 610 |
| Avondale | 317 | 26 | 343 |
| Surprise | 281 | 65 | 346 |
| Queen Creek | 252 | 75 | 327 |
| Peoria | 192 | 118 | 310 |
| Gilbert | 125 | 159 | 284 |
| Scottsdale | 54 | 201 | 255 |
| Chandler | 144 | 106 | 250 |
| Maricopa | 222 | 10 | 232 |
| El Mirage | 205 | 26 | 207 |
| Apache Junction | 101 | 10 | 111 |
| Anthem | 27 | 30 | 57 |
| Tempe | 32 | 24 | 56 |
| Fountain Hills | 15 | 40 | 55 |
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*Data as shown in the Valley-wide MLS system.
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Monthly Closed Sales from
January, 2005 - Present*
Valley-wide single-family home sales only
| Month | 2005 | 2006 | 2007 | 2008 |
| Jan | 5,342 | 4,191 | 3,511 | 2,348 |
| Feb | 6,192 | 4,642 | 3,905 | 2,790 |
| Mar | 8,104 | 5,998 | 4,721 | 3,541 |
| Apr | 7,779 | 5,330 | 4,293 | 4,164 |
| May | 8,029 | 6,181 | 4,660 | 4,866 |
| June | 8,472 | 5,928 | 4,423 | 5,106 |
| Jul | 7,732 | 4,988 | 3,834 | 5,298 |
| Aug | 8,322 | 5,066 | 3,540 | 5,114 |
| Sept | 7,577 | 4,663 | 2,739 | 5,600 |
| Oct | 6,572 | 4,646 | 2,811 | 4,731 |
| Nov | 5,885 | 4,411 | 2,710 | |
| Dec | 5,291 | 4,379 | 2,810 | |
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*Data as shown in the Valley-wide MLS system. |
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The Inventory of Available
Resale Homes -
watch this important market barometer
The available inventory of new and resale homes currently exceeds the
demand.
The housing market will continue to remain unstable until the resale inventory
stops expanding
and returns to a "normal" level of
approximately 22,000 homes.
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Availability* |
Available MLS Resale Single-Family Homes Valley-Wide in Each Price Range |
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$0-$250,000
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$250,001- $500,000 |
$500,001- $1,000,000 |
$1,000,001+ |
Total # Available |
Monthly increase (decrease) |
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1-15-2005 |
3,001 | 1,891 | 1,185 | 1,133 | 7,210 | |
| 2-13-2005 | 2,340 | 1,821 | 1,120 | 1,137 | 6,418 | (792) |
| 3-15-2005 | 1,537 | 1,723 | 1,073 | 1,142 | 5,475 | (943) |
| 4-15-2005 | 1,313 | 1,936 | 1,154 | 1,107 | 5,510 | 35 |
| 5-15-2005 | 1,363 | 2,363 | 1,295 | 1,089 | 6,114 | 604 |
| 6-15-2005 | 1,408 | 2,801 | 1,540 | 1,075 | 6,824 | 710 |
| 7-15-2005 | 1,651 | 3,679 | 1,824 | 1,119 | 8,273 | 1,449 |
| 8-15-2005 | 1,758 | 4,625 | 2,153 | 1,152 | 9,688 | 1,415 |
| 9-15-2005 | 2,125 | 6,166 | 2,615 | 1,263 | 12,169 | 2,481 |
| 10-15-2005 | 2,776 | 8,291 | 3,213 | 1,404 | 15,684 | 3,515 |
| 11-15-2005 | 3,428 | 10,186 | 3,686 | 1,588 | 18,888 | 3,204 |
| 12-15-2005 | 3,645 | 10,820 | 3,811 | 1,630 | 19,906 | 1,018 |
| 1-15-2006 | 4,166 | 12,045 | 4,141 | 1,699 | 22,051 | 2,145 |
| 2-15-2006 | 4,719 | 14,296 | 4,739 | 1,880 | 25,634 | 3,583 |
| 3-15-2006 | 5,152 | 15,961 | 5,300 | 1,989 | 28,402 | 2,768 |
| 4-15-2006 | 5,647 | 17,756 | 5,825 | 2,044 | 31,272 | 2,870 |
| 5-15-2006 | 6,256 | 18,943 | 6,228 | 2,084 | 33,511 | 2,239 |
| 6-15-2006 | 7,184 | 20,433 | 6,857 | 2,103 | 36,577 | 3,066 |
| 7-15-2006 | 8,054 | 20,994 | 7,038 | 2,126 | 38,212 | 1,635 |
| 8-15-2006 | 8,624 | 21,109 | 7,136 | 2,146 | 39,015 | 803 |
| 9-15-2006 | 9,231 | 21,098 | 7,290 | 2,282 | 39,901 | 886 |
| 10-15-2006 | 9,625 | 20,524 | 7,191 | 2,366 | 39,706 | (195) |
| 11-15-2006 | 9,720 | 19,435 | 6,997 | 2,463 | 38,615 | (1,091) |
| 12-15-2006 | 9,510 | 18,023 | 6,640 | 2,515 | 36,688 | (1,927) |
| 1-15-2007 | 9,541 | 17,267 | 6,514 | 2,535 | 35,857 | (831) |
| 2-15-2007 | 9,925 | 18,028 | 6,950 | 2,706 | 37,609 | 1,752 |
| 3-15-2007 | 10,617 | 18,574 | 7,224 | 2,847 | 39,262 | 1,653 |
| 4-15-2007 | 12,061 | 19,710 | 7,722 | 3,017 | 42,510 | 3,248 |
| 5-15-2007 | 12,927 | 20,063 | 7,832 | 3,040 | 43,862 | 1,352 |
| 6-15-2007 | 13,728 | 20,178 | 7,870 | 2,950 | 44,726 | 864 |
| 7-15-2007 | 14,635 | 19,928 | 7,790 | 2,843 | 45,196 | 470 |
| 8-15-2007 | 15,732 | 19,811 | 7,685 | 2,874 | 46,102 | 906 |
| 9-15-2007 | 16,828 | 19,630 | 7,715 | 3,018 | 47,191 | 1,089 |
| 10-15-2007 | 17,512 | 19,281 | 7,586 | 3,191 | 47,570 | 379 |
| 11-15-2007 | 18,356 | 18,483 | 7,431 | 3,323 | 47,593 | 23 |
| 12-15-2007 | 18,491 | 17,139 | 7,193 | 3,346 | 46,169 | (1,424) |
| 1-15-2008 | 18,142 | 15,934 | 6,925 | 3,350 | 44,351 | (1,818) |
| 2-15-2008 | 19,323 | 15,888 | 7,177 | 3,632 | 46,020 | 1,669 |
| 3-15-2008 | 20,131 | 15,414 | 7,078 | 3,711 | 46,334 | 314 |
| 4-15-2008 | 20,454 | 14,582 | 6,982 | 3,723 | 45,741 | (593) |
| 5-15-2008 | 20,476 | 13,621 | 6,790 | 3,688 | 44,575 | (1,166) |
| 6-15-2008 | 20,499 | 12,734 | 6,387 | 3,541 | 43,161 | (1,414) |
| 7-15-2008 | 21,276 | 12,112 | 6,070 | 3,390 | 42,848 | (313) |
| 8-15-2008 | 22,488 | 11,696 | 5,764 | 3,269 | 43,217 | 369 |
| 9-15-2008 | 22,888 | 11,130 | 5,501 | 3,286 | 42,805 | (412) |
| 10-15-2008 | 24,446 | 10,924 | 5,350 | 3,352 | 44,072 | 1,267 |
| 11-15-2008 | 25,939 | 10,548 | 5,270 | 3,348 | 45,105 | 1,033 |
*Data as shown in the Valley-wide MLS system.
