Here are the final numbers for December 2011. These numbers are for all of Maricopa County.
As of January 5th 2012;
Total active in Maricopa County are 15,333. That’s a very low number! Only 12% of the listings are REO at 1,809. And only 16% active are Short Sales at 2,406. Total number of normal listings is 11,119 which is 72%.
Total Pending in Maricopa County is 14,326. That’s a big number. 15% are REO at 2,187 and Short Sales make up 64% of Pending at 9,299 and Normal pending are 21% at 2,841.
Total Closed for Maricopa County in December was 7,014 which was 27% REO at 1,940 and 31% Short Sale at 2,236 which is our highest percentage to date!! Normal transactions were 40% at 2,841.
It looks to us like 2012 will be the year of price increases in all price ranges. We are encouraging our buyer clients to get into a home sooner than later if they want to pay less! Sellers, it's time to run some numbers and get you on the market!
Call us and we can tell you more!
Sources: Arizona Regional Multiple Listing Service; Cromford Report
