up those numbers. It looks like it could continue to stay strong through the late summer. Hopefully, interest rates will continue to remain low. Let’s talk about sales price for a minute. In 2005, the average sales price (in the first quNearly 60,000 homes in Phoenix, Scottsdale and surrounding areas! That’s right, that’s the number of listings (single family homes only) Arizonan's are dealing with in the first quarter of this year. It’s an incredible number but NOT compared to previous years. 64,553 listings in 2006, and 70,000 listings in 2005 were listed, sold, or in the process of a contract during the first quarter of the year. So you can say that the market is off to a “slower start” this year. However, there’s good news to come…Over the last three years, the number of current listings in the Phoenix area has remained steady, staying right around 42,000. This year, out of the 60,000 homes, only 18% have sold with an average price of $367,500 and with another 10% currently pending with a contract on them.

Comparing those numbers to the two previous years, the market this year is UP by 3.2%! Late February & March helped bring up those numbers. It looks like it could continue to stay strong through the late summer. Hopefully, interest rates will continue to remain low. Let’s talk about sales price for a minute. In 2005, the average sales price (in the first qua

umber but NOT compared to previous years. 64,553 listings in 2006, and 70,000 listings in 2005 were listed, sold, or in the process of a contract during the first quarter of the year. So you can say that the market is off to a “slower start” this year. However, there’s good news to come…Over the last three years, the number of current listings in the Phoenix area has remained steady, staying right around 42,000. This year, out of the 60,000 homes, only 18% have sold with an average price of $367,500 and with another 10% currently pending with a contract on them.

Comparing those numbers to the two previous years, the market this year is UP by 3.2%! Late February & March helped bring up those numbers. It looks like it could continue to stay strong through the late summer. Hopefully, interest rates will continue to remain low. Let’s talk about sales price for a minute. In 2005, the average sales price (in the first qu

rt” this year. However, there’s good news to come…Over the last three years, the number of current listings in the Phoenix area has remained steady, staying right around 42,000. This year, out of the 60,000 homes, only 18% have sold with an average price of $367,500 and with another 10% currently pending with a contract on them.

Comparing those numbers to the two previous years, the market this year is UP by 3.2%! Late February & March helped bring up those numbers. It looks like it could continue to stay strong through the late summer. Hopefully, interest rates will continue to remain low. Let’s talk about sales price for a minute. In 2005, the average sales price (in the first qu

an average price of $367,500 and with another 10% currently pending with a contract on them.

Comparing those numbers to the two previous years, the market this year is UP by 3.2%! Late February & March helped bring up those numbers. It looks like it could continue to stay strong through the late summer. Hopefully, interest rates will continue to remain low. Let’s talk about sales price for a minute. In 2005, the average sales price (in the first qu

up those numbers. It looks like it could continue to stay strong through the late summer. Hopefully, interest rates will continue to remain low. Let’s talk about sales price for a minute. In 2005, the average sales price (in the first quarter) was $285,459. So, in the last two years Maricopa County's average sales price increased by 29%! Now, that’s the “hit” this market is facing. Have wages increased by that amount in the last two years? Across the nation, an average percentage of increase in value per year is approx. 3-4%. Arizonan's are truly fortunate to live in one of the most desirable & fastest growing areas in the country. With our annual average percent of increase in value being 8-12%, what are we complaining about?

The positive message being conveyed is that of the 11,000 homes that have sold this year in the Phoenix area, the sellers got over 96% of their asking price. These sellers were realistic in pricing their properties. They still had to wait an average of 120 days, but their patience paid off. (Last year it took only 60 days) With so much on the market for a buyer to choose from, why bu