Laveen Real Estate Market Review – Laveen Real Estate Sales and Activity 2015

BY David Baker

Real Estate Agent with HomeSmart Realty

Weekly Laveen Real Estate market updates and Insight, read on below.

Why do people live here? 

Laveen Az  is a rural feel community where modern living meets a rural lifestyle, with close commutes to Central Phoenix.  Laveen Az is among the perfect choices there are in the Metro Phoenix area for an abode.  Laveen offers a variety of different style homes including horse property, santa fe, gated communities, custom homes on acreage, and all with great mountain views.  While laveen Az offers a very rural feel, all modern amenities are close by with easy access to grocery stores, drug stores, high way access and local area malls.  Outdoor enthusiast also can enjoy the 16000 plus acres of mountain preserve offered by South Mountain.  Laveen Az offers a little something for everyone.

Looking for a home in Laveen Az?

Click here for the most current list of homes for sale in Laveen Az.

What’s Laveen Az like?

Laveen Az has several different style communities that make up this Phoenix suburb.  Originally Laveen Az had been mostly an agricultural and dairy area, as is still evident by some of the area dairies and plenty of open acreage that is farmed.  With that in mind you still have some older homes in the area which were originally housing for workers to the land in the area.  As the area began developing many farmers  sold off their land and eventually gave growth to new home subdivisions.  There are several new home subdivisions in the Laveen Az area, with the majority being built 2000 -2008.  There are also several 1 acre custom home sites that were built along the southern edges of laveen Az and as well as around 51^st ave/Dobbins as well as 67^th ave and Baseline.  So you have open farm land, horse properties on acreage, some older homes in pockets, and also several newer home subdivisions.

If your considering selling, I would recommend a home evaluation by a professional realtor.  While the numbers here given are information, they also use all homes in the Laveen Real estate area, and it is best to use similar homes when deciding on home value.

November 16, 2015

Number of active listings has gone down a smidgen, but only because a bunch of homes went under contract.  Chances are, many of these homes were priced right and likely were under $250,000.  Why, well those are the ones that are selling quicker, again if priced RIGHT.

176 active properties for sale

135 properties currently under contract

60 homes sold in Laveen last 30 days

$97.77 was the average $/sq ft for homes sold

$203,148 was the average sale price

49 was the average days on market

Second week in a row, we are maintaining under 3 months of turnover.  This is technically a seller market, but as some sellers out there are seeing some homes are not getting a lot of views.  Who’s homes are not showing?  Likely those that are distressed homes, as this makes up less than 8% of the market.  Not many buyers are willing to wait for a short sale approval.  That being said, I have 2 that are just at about approval and they did get visits.  Why, because of INTENSE marketing and good pricing strategy.

Homes are selling, but need to be well marketed and priced.

November 9th, 2015

Decrease of active homes on market, and consistent sales keep the Laveen market moving along steady.  Not really much change, homes are selling, values are consistent.  Values for Laveen home been consistent at mid $90’s a square foot since June 2015.

182 active properties for sale

134 properties currently under contract

61 homes sold in last 30 days

$95.87 average $/sq foot for homes sold last 30 days

$202,507 was average sale price

53 was the average days on market for those homes that sold

Not much more to report, steady as she goes.  Homes are selling if priced right, and generally they are selling within 2 months.

November 2, 2015

Not much change really over the last week.

193 properties currently for sale

116 currently under contract

57 sold in last 30 days

51 was average days on market for homes sold

$198,312 was the average sale price for homes sold

$95.93 was the average $/sq ft

Homes are indeed still selling and the information above shares that.  57 sold going into the holidays, is really good.  Values are also holding steady at the time, though we did see an appreciation for the year of about 5%.

October 26th, 2015

197 properties for sale, all single family homes

121 homes currently under contract

49 homes sold last 30 days

$200,359 was the average sale price

$94.18 was average $/sq foot for homes sold

58 was average days on market

4.02 turn over rate or inventory

So what is going on with real estate in Laveen Az?  Steady as she goes, there really has been no major significant changes.  The turnover rate does appears to be growing steadily at this point, and at this time Laveen is in a buyer market.  What to expect in a buyer market?  A buyer market will allow buyers more choices of homes and with more options sellers must sometimes be more flexible to get a buyer.  Maybe the flexibility comes in very aggressive pricing, maybe it is in the form of helping buyer with closing fees.  While this year has seen sellers assisting with buyers fees, this trend is sure to continue with the now inventory favoring the buyer.  Values in Laveen did see about a 4 to 5% increase year to date.  This increase in value is very healthy, and is sustainable, unlike the huge price spikes we saw leading up to the crash in 2008.

So, good time to buy and to sell.  It really is a good time to buy.  Interest rates are still great (low) and many folks can qualify for loans.  Sellers, you can still sell homes at this time and the market has been showing that all year.  Homes are selling, as long as they are price right!

Call me for questions or real estate concerns.  David 602.373.6345

October 19th, 2015

188 Active properties for sale

122 under contract

54 Sold in last 30 days in Laveen Az

3.4 Months Inventory/Turnover rate

$94.74 $/sq ft for homes sold last 30 days

61 was the average days on market for homes sold

So if you notice from last weeks post, we have seen the turnover rate /inventory grow in Laveen Az just a little more this past week.  Number of sales continues to go down, as it does during this time of the year.  We tend to see sales average out to the mid 40’s through out the holiday season.  I should say though, homes still DO sell during the holiday, so if your needing to sell, I would still place home on market even thought the holidays are coming.  It has been shown time and again, that home buyers are still out there looking during the holidays.  So we are at 3.4 months as of today, and this is for single family homes.  This is starting to mean that buyers are gaining more choices and as the choices grow they also gain a little of the upper hand.  Sellers should expect to have to pay for closing fees, and likely really be ready to aggressively market the home for sale.  As the turnover rate/inventory grows it does get harder and harder to sell a home, and it really becomes more necessary to know what your doing.  In a seller market, even a home that is not well marketed can sell, in a buyer market it takes a LOT of work.

To find out what your home is worth, or to request an appointment with me to discuss marketing and selling your home, call today!  David 602.373.6345

October 12, 2015

Well, looks like for this week we have reached the 3 month mark!!  As of today we have 3.03 months of absorption rate or inventory, which means we have left the sellers market.  This is something that I have said was coming based on the numbers I have been tracking.  This also to clarify is for single family homes, we have actually hit the 3 month mark for all property types a couple weeks back.  So, we are at over 3 months, what does this mean?  Well, it means that the market may benefit the buyers more, especially if the absorption rate continues to grow.  So, is it a good time to sell?  I always say it is a good time to sell, but you must have a real good grip on knowledge of what is happening in the laveen real estate market, and also good understanding of your homes value, if not the home will not sell.  Oh, and make sure you market aggressively, the more the market benefits the buyer, the more aggressive your marketing must become.

182 properties for sale in Laveen Az

118 homes currently under contract

60 homes sold in Laveen Az last 30 days

3.03 is the turnover rate or months inventory

$96.98 is the average $/sq ft. for homes sold last 30 days.  This is a good size increase based on looking at several 30 day increments over the last months reporting.  Actually shows about a 7% increase.  Yet, I would not go cashing in your home just yet, this really is based on the entire zip code, and we have had several higher end homes close which have skewed the numbers a bit.

$203,959 is the average sale price

59 is average days on market for homes sold last 30 days

Key take away, the market is shifting.  Interest rates may be going up as the Federal Reserve has been discussing this for some time now, and if that happens the affordability of some homes for buyers could be affected.  The possible increase of interest rates coupled with a over 3 months inventory could be telling of what might happen.  While I do not have a crystal ball, if interest rates go up while inventory goes up, the buyers who do buy will likely be aggressively bargain hunting.  How large the inventory grows could indicate if we see values decline a bit.  Time will tell, but it is a possibility.

October 5, 2015

Can you believe how fast this year is going by?  Wow, it seems that it is flying by on my end.

Well Laveen Az real estate is about as steady as I can say.  There has been no major significant increase in active listings, number of homes under contract is stable, and closing while declining a bit are also very consistent.  We are seeing a little increase in our turn over rate/or inventory which is closing in on the 3 month mark for single family homes.  What this means as that we may be starting to see sellers losing the upper hand and buyers beginning to have more choices of homes from which to select.  We are still a little ways off, but if I were a gambling man, I’d say that stats are showing me that we may indeed see the turnover/inventory go over 3 months likely by November or so.  So that being the case is it still a good time to sell in Laveen Az?  My thought is it is always a good time to sell if a home owner is in need of selling.  Many buyers and sellers always would like to time the market and sell/buy at the perfect time.  This is extremely hard to do, especially because you can’t really predict what will happen to the market.  As an example, what if a seller chooses to wait till summer of 2016 since since are slowing down at this time.  What if interest rates go up a couple of points, inventory of active homes goes up, what then happens to him/her?  Chances are with more choices buyers will offer less and demand more.  Did they save money?  Not likely.  Again, you just don’t know what the future holds, but you know what is going on now and can plan a good strategy to net the best deal.

176 active properties for sale

175 active single family homes for sale

119 homes currently under contract

63 homes sold in Laveen last 30 days

$94.63 was average of those homes sold

66 was average days on market for homes sold

Looking to buy or sell in Laveen Az?  Call me today, I’m your local Laveen Az realtor.

September 28th, 2015

What can happen in a week?  Well a lot can happen, but in the case of Laveen real estate the last week has pretty much been steady as she goes.  Steady, yet we have seen an increase in the over all turn over/inventory rate over the last couple of weeks.  For single family homes we are not at about 2.65 months of inventory, which is the largest I’ve seen since March of this year.  For those who look at inventory for ALL properties, we are likely to see that the inventory level is over 3 months.  That by my definition is not into a buyer market and the tide has shifted a bit.  Not yet so for the single family homes, but the buyer market is looming and will likely land for single family homes prior to November.  This is still a good time to sell, homes are indeed selling.  Yet, as I have said before, homes are selling for market value and no one appears to be paying over the worth of a home.  Makes sense when one looks to see that most homes being purchased at this time are using financing, and of course with financing must come an appraisal.  Appraisals will NOT give a property more than it is worth, so again, homes that are selling are selling for their current market value.

175 properties currently for sale

174 single family homes for sale

119 homes currently under contract

66 homes sold in last 30 days in Laveen

93 was the average days on market for homes sold

$95.38 was average for homes sold last 30 days

Do not – I repeat do not assume that because the average $/sq ft for homes sold was $94.38 last 30 days, that your home is worth the same.  This figure is based on the entire Laveen Az 85339 zip code, and will not be a good number to use on your home.  If your considering selling, call me up or request a free valuation – that will give you a better idea.

September 21, 2015

Steady as she goes, that is the description.  Active homes for sale are holding steady this past week, as are sales, and even homes currently under contract.  We did see not 1, but 2 larger deals close in last week so the numbers are showing values going up  a bit, but keep in mind these recent high closings are skewing the numbers a bit.  If your looking to sell, be sure to compare the homes similar to your own, not the entire zip code like I’m doing here.  This helps give an over all view of the condition of the real estate market, but is not good to find out the value of your own home.  For that, call me at 602.373.6345 and we can do a home valuation.

172 properties for sale

171 are single family homes

122 homes under contract

72 homes sold last 30 days

$96.12 was average dollar a square foot

80 was average days on market for homes sold

While you can’t see it here in my post at this time, I have posted in previous months.  We are still seeing a trend were sellers think the home is valued at more than it is, and as such over price their home when they list it.  This is also something that realtor should make the home owner aware of.  The armls statistics show that the disparity between those listing and those sold in the mls for month ending was about $30,000.  Yes, $30,000 difference between the average list and average sold price.  Also, the list to sell ration has been for about a year between 1% to about %5 under list price.  That is original list price.  So price home right, get it sold.  Don’t price right and it will likely sit on the market until price reductions are done and it does reach market value.  Stats don’t lie.  I can show you.

Looking to sell?  Give me a call 602.373.6345

September 14, 2015

2.28 Months inventory, we are still in a seller market.  Yet, are we seeing that the tide is turning?  Well, we have less listings than we had a year ago, and if we judge by number of closings we had last year about this time (and it has been on par), we may see us getting closer to the 3 months mark!!  Yet, that is still in what we consider a seller market for single family homes.  Now, if we do continue to see an increase of active listings, and we continue on track for closings similar to years past, we may see us go above the 3 month mark sooner.  We have been hovering at about 170 listings or less (active) since February of 2015.  Yet, if we see just 20 more listings added to the active inventory, we will jump over the 3 month barrier and be in a buyer market.  Could happen, but I don’t think it will till late October.

171 properties for sale in Laveen

170 single family homes for sale

75 homes sold in last 30 days

2.28 months inventory ( seller market)

$95.21 was average dollar a square foot for homes sold

72 was the average days on market for those homes sold

I always like to repeat this, but the above numbers give you an overall idea of the Laveen market. Do NOT base the value of your home on the average of the entire zip code.  You will want to look at homes specifically that are similar to yours.

September 8, 2015

We are still in a sellers market, good news for you home owners looking to sell.  Yet, it looks like we may be seeing a little change happening, nothing so drastic at this point, but should trends continue who should say.  We are seeing that the number of active listings has gone up, and the number of sales has decreased a bit and may continue on that trend.   Where we really see a little more of that change is when we look at sold, actives and see that the absorption rate/inventory is increasing.  In other words, we have seen the inventory grow from under 2 months of single family homes, to now being over 2 months.  If that should continue to increase to over 3 months, we will see a buyer market.  That is, a market that may favor the buyer more.  With a larger inventory, buyers begin to have more selection, can be more picky, and often can also make below list offers and get the home.  You see, sellers are then competing to procure a buyer.  Lets look at the numbers:

174 properties for sale   – This had been averaging under 160 for many months

172 single family homes for sale

121 homes  under contract

70 homes sold last 30 days

$94.28 average dollar a square foot for homes sold last 30 days

81 days on market for homes sold

I also like to look at the number of new listings hitting the market for every home that goes under contract.  We have seen a decrease in number of homes going under contract (hi of 4) , for every home coming to market.  In other words, stuff was selling fast, if it was priced well.  See other articles below and you’ll see the average list/sale price which shows over priced homes are not selling.  So, is it a good time to sell in Laveen?  I would say yes, homes are still selling and many for close to ask or even full ask, if they are priced right.  Also, to sell the home you need to have good marketing, and as the market shifts toward a buyer market (if trend continues) that will become even more important.

September 2015,

Let us go ahead and review trends in real estate in Laveen Az, we’ll do this by reviewing current active properties as well as sold homes.

So inventory had hit it’s lowest mark at about June 2015 and has increased a bit since then.  Sales of course for the last year have been pretty consistent, and of course we saw the seasonal increase one see’s during the summer.  This of course due to many people moving since kids are out of school.  The absorption rate, shown 2nd chart on left, shows that turnover (months inventory) is at about 3 months, and for single family homes (not shown) it is actually closer to 2 months.  We are still in a seller market, but we may see things slow down if this trend continues.  There is still a big gap between where some home owners think they can sell their house, and where the average home sales.  This is seen in the top right chart, which shows about a $40,000 difference between average /median list to that of the sale price.  Lastly, mid right chart shows that most homes are still selling for under list price, though on average for about 2% under for those who have original list price.  Other homes that sold, did price drops, possibly multiple price drops, and still got lest than last list price.

So, what do we get from this?  Well it is still a good time to sell.  I would recommend pricing well, because trends are showing that homes are not selling for over list price.

August 31, 2015

What can be said about the Laveen real estate market?  Well, lets examine what is going on with current inventory, and I’ll break it down by the numbers.  First let me say that summer is now coming to an end, and with that we are likely to see the number of sales going down, this is a seasonal thing.  We have been seeing a good number of closings in the summer months, usually about 80 or more.  We may start seeing that go down in the next month or so.  Very telling is the next image below, which shows that on average homes are still selling for 2% on average below listing price.  That is the black line, the brown shows on average what homes that have had price drops sell for, and those are still selling for about 1% under, but keep in mind – those have had at least 1 price drop and may have had several to get in line with market value.

171 Active homes for sale in Laveen

81 homes sold in Laveen last 30 days

64 days on average to sell home, those that sold

$94.79 was the average $/Sq.ft for homes sold

$193,738 was the average sale price

2.1 is the months of inventory at this point

So is it a good time to sell your home in Laveen Az?  Well, only you can truly answer that questions, but the above numbers are showing that buyers are indeed buying.  They just are not paying more than it is worth, so it must be priced right.

August 24th, 2015

Inventory level has risen just a bit, as to be expeted.  Yes, summer is at an end and kids are back in school.  The increase in real estate activity we see every year during the summer season, as pretty much concluded, and we are back to business as usual.  At this stage, we are seeing that number of active listings has increased a bit, turn over or inventory is a little over 2 months, a monthly sales has gone done slightly.  I suspect we will see an increase/ or better yet decrease of the number of monthly sales.  Values still holding pretty steady, and days on market as well.

As a seller – one key thing to note (and sorry I don’t have it to place at this time), but charts are still showing homes are selling for slightly under list price.  There is also about a $40,000 difference from the average/median list price to the average/median sales price.  Further evidence, homes that are not listed at the correct price, are NOT selling.

163 active Laveen properties for sale

161 active single family homes for sale in Laveen

136 single family homes currently under contract in Laveen

74 homes sold in Laveen last 30 days

$94.98 was the avg/$/sq ft for homes sold

$217,391 was average sale price

49 was the average days on market for homes selling

2.2 months inventory or turnover rate

Hope this helps.  If you have specific questions, please call I’d love to address them.

August 17, 2015

Lets dive right in and look at the numbers for the last 30 days:

158 homes for sale

138 homes under contract

82 homes sold in Laveen last 30 days

$93.62 was the average $/sq ft sale price in Laveen

$196,542 average sale price

Again, not much change in Laveen real estate, which is pretty much the same for South Phoenix and Phoenix as a whole.  Let me know if you have specific questions.

August 6, 2015

Folks I was on vacation, and I may have missed a couple of entries, so sorry.  Let me try to get you caught up on the market:

164 homes currently for sale in Laveen

161 single family  homes for sale

129 homes under contract

90 homes sold in Laveen in last 30 days

$94.73 was average $/sq ft

Folks the short of it is that we have not seen much change.  We still have less than 3 months inventory in Laveen which means that homes are turning over and it is a seller market.   Homes continue to sale, but mostly those that are priced correctly, as it is seen in numbers.  Homes that are priced right are selling  on average in about 46 days.  Those that are not, stay on market longer such as 512 days which is currently the reigning champ for longest on the market.  Average for active listings is also at 69 days, which again, is higher than the average of 46 days for those homes sold.  Biggest tale though is the graph below which shows the list to sale ratio at 98% and the spread between the active vs sold averages.  Yes, top chart shows the spread of about $40,000 between active average/median list price and the active/median sale price.  The below chart shows those that have sold, and in Laveen this still shows on average homes selling 2% under list price.  The brown line shows those that have had price drops, which also sell for less than list, plus of course the amount they had to drop to come to market value.  Homes do not sell over market value right now.

July 20, 2015

Well, starting to see might what might be a little change in the real estate market.  Mark my words though, this is really a slight change, and nothing is being truly seen or felt as of yet.  We are still seeing a seller market in Laveen Az, with a current inventory of 1.91 months for single family homes.  For the last 2 weeks not the number of new listings to the market vs. the number of properties placed under contract has started to see a smaller gap.  For the last 2 weeks it was the trend was 3 properties going under contract for every property coming to market.  That is the type of trend where the number of active listings continues to go down, and of course competition for houses goes up.  At this point, for last 2 weeks the gap has been shrinking and as of today looks like 2 homes going under contract for every one listed.  Only time will tell what will happen, but values continue steady, no major increases noticed.

157 active homes for sale

140 homes currently under contract

82 homes sold last 30 days

$94.43 was the average $/sq ft. for homes sold last 30 days

$201,126 was the average sale price

44 is the average days on market for homes sold

What is interesting, and should be noted by sellers, is that homes that are selling are selling pretty quick.  With average of 44 days for recent sales, one can assume maybe a week or two before a home is under contract, for well priced homes.  As I had said before in previous writings, homes are not currently going for over market value.  So homes that are selling are priced right, or they stay on the market until the come down to market value.

July 13, 2015

Little increase in number of active listings, though very small 2.  The best word to describe Laveen real estate at this point is steady and consistent.  Not much is changing at all, the seller market continues on for properties and even more so for single family homes.

148 homes for sale in Laveen

145 homes currently under contract

86 homes sold in last 30 days

$92.60 was the average $/sq ft

$202,558 was the average sale price for homes last 30 days

53 days was the average days on market for homes sold

1.72 is the turnover/months inventory

$750,000 is the highest listed home in laveen at this time

$445,000 was the highest sale in Laveen last 30 days

July 6th 2015

Hope you all had a wonderful 4th of July!!

We are not at the lowest levels of inventory in this year, but we are still under 2 months of turn over or months inventory as I like to say.  Number of active homes has been fluctuating a good amount from a low of 130 active homes to a high of 188 active homes on the market.  So as you can see our current number of active homes is toward the lower level, even for the year right?  The reason this is happening is two fold.  First we are in the busiest period of the year for buying and as such we are seeing a fair number of homes selling in these summer months.  This is when kids are out of school and as such the best time for families to relocate.  The other reason, is we are just not seeing as many sellers placing their homes on the market, and the reason for that………………………….., who really knows for sure.  It could be because home owners are waiting for further appreciation to make as much money as they can on selling, so wait longer to get more money from the sale.  Maybe they are still underwater, as some home owners may still very well be.

The Laveen real estate market has been nothing short of consistent this year.  It is has been low inventory, steady sales, and for the most part steady home values.  The biggest increase in values in our area happened in 2013, but since then the values have been consistent.  While we are seeing sales, and even many homes selling fairly quickly when they hit the market, we are not seeing many that sell over market value.

146 active homes for sale in Laveen Az

146 homes currently under contract

81 recent homes sold in Laveen – Last 30 days

$92.46 was the average $/sq ft for homes sold

$208,841 was average home sold price – Both numbers for sq/ft and average sales price are up a bit, but likely do to a high priced home that sold, we’ll see if it stays up this high for long

1.8 current months of inventory at the current turn over rate

Good time to sell your Laveen Home?  As good as any really, the market here in Laveen always see’s homes selling.  The biggest question I think, is are you ready to move or need to sell?  If so, then it is a great time, and the current Laveen real estate market supports your decision.  Any specific questions please feel free to contact me.

June 29, 2015

Interesting thing, Laveen saw a jump in new listings over the last week, an increase of about 20 listings over the number of active last week.  This of course changed our inventory a bit, as it also did our turnover a bit, increasing it to almost 2 months.  As far as prices, values of the real estate market in Laveen, well that continues pretty constant and stable.  While homes are selling fast (those that are priced right) the values do not appear to be going up at this time.  Buyers are still out there buying homes, so if you are looking to sell, it is a good time to sell.

153 Active homes for sale in Laveen

158 Homes currently under contract in Laveen

79 homes sold in Laveen in last 30 days

$90.98 was average $/sq ft for homes sold last 30 days

$196,368 was the average sales price for those homes sold last 30 days

76 was average days on market for homes sold

KEEP IN MIND  – these numbers are based on properties sold in the entire Laveen real estate market for the last 30 days.  If you are TRULY considering selling, make sure you are using similar homes to determine your homes value, if not you could be leaving THOUSANDS of dollars on the table.

June 22nd, 2015

So many cool things when you look at  the numbers.  What is interesting is hearing from some what they believe is going on, and then actually seeing the statistics that truly show what is going on.  So the song does remain the same at this time, which is to say that we are still in a seller market.  There is still a low inventory of homes for sale, and because of this, buyers are having a little more competition to get into the home.  This is especially true of the homes priced under $200,000.  There are also it appears many people who are listing their homes and expecting to get over market values, and the numbers are just not supporting that case.  Homes are indeed selling, but they are going for market value, and those that are priced correctly are selling quickly.  Those homes that have not priced at market, are staying on the market for longer periods of time.

133 Active homes for sale in Laveen Az

172 homes currently under contract in Laveen Az

78 homes sold in last 30 days

$89.16 was average $/sq ft for homes sold

$196,587 was the average sale price

83 was the average days on market for homes sold

1.7 is the absorption rate, or turn over rate of homes, 1.7 months – yes a seller market.

Looking to sell your home?

Call today and let me look at home and give you today’s market value for your home!!  Thx

June 15th, 2015

Song remains the same, Laveen real estate is in a seller market, here are these week numbers.  Again, if looking to sell please call to make sure you are using similar homes to determine value, this is for the ENTIRE zip giving an over all idea of the market.

140 active homes for sale

156 homes currently under contract

75 homes sold in laveen last 30 days

$89.72 was average $/sq foot for those homes sold

$194,866 was the average sale price

79 was average days on market for those homes that did sell

1.86 months inventory or turn over rate

Yup, seller market.  Yet values holding steady, and buyers still just paying market values.

June, 8th 2015

Inventory went up just a smidgen, but we are of course still in a seller market.  Is it a good time to considering selling your Laveen home?  I always say the following” if you need to sell, then it is a good time”.  Life is short and people have plans, things to do, places to see, and we can’t wait on life, we go out and live it.  So if your in the need to sell, then it is a good time, or at least as good as any other.  Yet………….., it actually is a good time to sell.  Inventory is still low, and the rate at which homes are turning over is favorable to sellers.

134 homes for sale in Laveen

131 homes for sale are single family homes

154 homes currently under contract

69 homes sold in last 30 days

$89.04 is the average $/sq. ft for homes last 30 days

$190,548 is the average sales price

76 was average days on market for homes sold

Buyers, make sure to be ready to go out shopping.  When you are in the market to buy a home, and it is a seller market it is in your best interest to have all your financing, and ideas of what your are looking to buy already decided.  In that way, you can just need to find the home and place your offer.  In a seller market, doing this once you found the home of your dreams, will likely mean that another buyer is living in your dream home (it was sold to someone else because they were ready and you were not).  Sellers, homes are still selling for market value and not over, with homes on average selling for 98% of list price.

June 1st, 2015

Wow, inventory has gone down in the last week again.  We have not been with that low an inventory of active homes since 2013.  What is interesting is that while we have seen the number of active listings go down, we have not yet seen any significant increase in values.  Actually values are still holding very steady, with the average for the last 30 days at $87.51, which is within the range is has been for about 2 years.  Give or take a couple of dollars, but over all this has been a couple of very steady years for the Laveen housing market.  This is good for buyers as they are not having to pay more for housing.  It is not good for buyers as well in that while values have not gone up, there is less homes available, and because of that there is more competition for the available homes.

130 Active homes for sale

159 homes currently under contract

66 homes sold in laveen last 30 days

$87.51 was the average sales price

$189,850 was the average sales prices

66 was the average days on market for homes sold

Folks, no matter how you slice it, homes are selling.  They are NOT selling for over market value however, buyers are paying market value on not more.  So price your home right, make sure you do get market value for your home, and then negotiate that offer to net you the most money.

May 26, 2015

While the numbers were taken yesterday, the blogging is happening a day late, but fear not information should still be good.  Number of active inventory is still low and the number of active/pending/UCB (under contract) is still holding pretty steady.  Closings did take a small dip over the course of the last 30 days, which has helped our inventory/turn times go up to about 2.07 months.  Values, still appear to be holding very steady.

141 Active homes for sale

160 Homes currently under contract

68 homes sold in Laveen Az last 30 days

$89.15 was average dollar/sq. ft homes sold in Laveen last 30 days

$191,306 was the average sales price for home sold

94 was average days on market for homes sold

Interested new number that I’m looking at which shows there was 4 new listings for every 1 listing that went under contract.  This has been for the last week only, but if that should continue, inventory could begin to grow, right?  Time will tell, but for now 25% homes that go under contract to new listings.  Again, it all really still comes down to pricing a home right, HAVING a marketing plan to give home exposure, and then negotiating a good deal.

May 18th 2015

Inventory actually went up, and it was because last 30 days just saw a little less home sales!  We actually have a little less active homes for sale compared to last weeks report, but we saw about 7 less closings.  So inventory or turnover slowed down just a bit.  Values, have as I have been saying for some time, is really still steady.

143 Active homes for sale

144 homes under contract

83 homes sold last 30 days

$88.23 average dollar/sq.ft for homes sold

$193,121 was average sale price

94 days on market was average for homes sold

Again, saying it again.  If you price your home well, it will sell.  We are seeing 1.72 months of single family home inventory which is a seller market.  So if priced right, it will get shown, and likely will get an offer.  If not priced right, I’ve shared this before as well, it likely will sit on the market with no showings, until price is reduced.  Buyers are not overpaying for homes, and the numbers and charts I’ve shared during this and past posts show this.

Thinking of Selling?  Call me to price it right, and to get the most for your home David 602.373.6345

May 11, 2015

Much like the rest of the Phoenix real estate market, Laveen real estate is boring to write about.  What do I mean?  Well truthfully the market has been so stable, values consistent that it is the same ol’ same ‘ol.  We do still have a low level of active homes for sale in Laveen, and we are seeing under 2 months of single family home inventory.  This actually does place us in a seller market, though while technically the numbers are showing that, and we are seeing some multiple offer situations, I’m still not seeing values going up.

150 Active Laveen homes for sale

128 Homes currently under contract

90 homes sold in Laveen Az last 30 days

$190,674 was the average sales price

$89.94 was the average sales price

Homes under $200,000 are selling more quickly than those over $200,000 at this time in Laveen.  Actually the Laveen real estate market for homes with values over $300,000 is currently sitting at 6.5 months inventory, which is a BUYERS market.  So, it pays to know your home value, it pays to know the market trends and it REALLY pays to work with a realtor in Laveen that knows these things and can help you get the most for your home.

April 27, 2015

Laveen is still seeing a low level of homes currently on the market.  With continued steady closings on a monthly basis, and a diminishing number of active listings, the inventory has been pretty low.  We currently stand at 1.69 months inventory, which is not the lowest level since January, but pretty close.

151 Active properties for sale in Laveen

146 Active single family homes for sale

142 homes currently under contract in Laveen

89 homes sold in Laveen last 30 days

$88.53 average dollar/sq. ft for homes sold last 30 days

$189,103 was average sales price

What is this all telling us.  For now, that things have been pretty consistent.  Generally when you see a lower level of inventory one might start seeing an increase in property values, but till now that has not been the case.  Values for the most part have been staying very consistent, with for example the average $/sq. ft staying in the middle to high $80’s a square foot for some time now.  So, again to be clear, values to this point have not really seen a spike.  Property values are staying consistent.

April 21, 2015

Sorry folks, missed a days as I was really under the weather.

Well, seems like Laveen is continuing to see more of the same.  What does that mean?  Well is means listings are still low for some reason, the number of sales is still pretty consistent, values are still fairly consistent and well overall it is a pretty healthy market.  We are seeing homes selling, and it appears that values are still holding very consistent.  Days on market is still high, which shows that those homes not priced to sell…………aren’t selling or are lowering their prices to sell.  I’ve showed in charts before the spread between list prices and sell prices, and there is an average/median spread of about $35,000.  Yup, over priced is not selling.

153 Active homes for sale in Laveen

142 Homes currently under contract

87 homes sold in Laveen last 30 days

1.7 Months Inventory in Laveen

$89.64 average sales price/sq. ft for homes sold last 30 days

$192,761 was the average sales price

One answer to an un-asked question.  Yes, it is a good time to sell.  With inventory being low, turn over being shorter, it is a good time to have your Laveen home on the market for sale.

April 13th 2015

Another week in review, right?  Laveen actually saw an increase in number of listings actively on the market.  With a still steady number of closings and this increase in listings, the inventory or turn over rate for single family homes went up to almost 2 months.  That increase is about a 4/10th’s increase over last week.  Values are still holding steady, nothing new to report on values.  See it broken down by the numbers below:

157 Homes currently for sale

142 Homes currently under contract

81 homes sold in last 30 days

$89.97 average sales price/sq. ft for homes sold last 30 days

$190,435 was average sales price

92 was average days on market for homes sold

Folks, I’ve said this before and I think it is good to say it again, these numbers are great to give you an idea of the Laveen real estate market and trends.  Do not use this to find the value of your home.  These numbers take the entire zip code into account and that includes all homes such as ranches, farms, condos, trailers, mobile homes……..etc.  To get your home value please call me at 602.373.6345 and you can set a no obligation appointment to get home value and discuss any possible sale of your home.  This is FREE and there is no obligation, though I always would like the opportunity to earn your business.

April 6, 2015

We are showing to be in  a buyers market.  Actually this right now is likely one of the better times I have seen for sellers to be placing their homes on the market.  Inventory of active homes is down, sales have gone up a bit, and because such is the case we are seeing a higher turnover rate.  Translated this is a lower inventory, and we are currently under 3 months in Laveen and in Phoenix for single family homes.  Frankly, this favors sellers a little more now, as the number of homes for buyers to select has diminished.  While this is still not fully feeling like a buyers market, numbers are showing this may be the case.

142 Active homes for sale

89 homes sold in last 30 days ( this is a little higher than usual)

1.59 Months of inventory

$89.54 Average dollar a sq/ft for homes sold in Laveen last 30 days

$188,846 average sales price for homes sold in Laveen last 30 days

Like I said, the winds are starting to favor sellers a little more.  While values do not seem to be going up, it is still a very favorable time to sell.  The possibility of more folks being interested in home, could elicit more offers, and a bigger NET you.

March 30th, 2015

Wow, we are down to only 143 active homes in Laveen Az at this time.  The last time we had this few active homes on the market was September of 2013.    So we are still seeing a very steady amount of closings every 30 days as I do my review, and the number of listings that are active has declined.  That basically is showing that we have less inventory as I’ve been saying, and we are currently in a seller market.  Funny thing is it does not really feel like it, as we are still not seeing high competition for homes in the Laveen area, with multiple offers and highest and best offers being requested.   Values are also staying very stable in the area, and I don’t really see this changing in the near future.

143 Active homes for sale in Laveen

154 Homes currently under contract

61 homes sold in Laveen last 30 days

2.3 months inventory

$90.46 average dollar a square foot

$192,869 average sales price homes sold

Hope these little articles help, let me know if you have specific questions about selling.

March 23, 2015

Not much change, but it is still interesting what is going on in real estate.  Looking at numbers for last year this time both Phoenix and Laveen had more listing on the market in active status as well as under contract.  Actually Phoenix has almost 3000 more listings, and Laveen had about 70 more listings on the market at the time.  Sales though, have kept pretty consistent.  What does this mean?  Well what it could mean is that if sales numbers continue steady, or even see an increase, and the number of listings coming to market keeps low, we could be in a sellers market again soon.  This could benefit sellers as the lower inventory of homes will create a little competition to buyers looking for homes.  Time will tell

Active homes for sale in Phoenix 22,979

3.24 Months inventory in Phoenix

$125.23 Average dollar a square foot homes sold last 30 days in Phoenix

Laveen

149 Active homes for sale in Laveen

159 homes currently under contract in Laveen

65 homes sold in Laveen last 30 days

$193,983 average sales price for homes sold

$90.27 average dollar square foot for homes sold

100 average days on market

March 16, 2015

Inventory of active homes in Laveen has continued a steady decline.  On the other hand sales have continued very consistent, so with less inventory of active homes, and a steady amount of sold homes, our turn over or amount of inventory has come down to under 3 months inventory. Actually, this week marks the 3rd week I’ve tracked we are under 3 months of inventory of homes in Laveen.  This also is the case with 85041 and 85042 zip codes in South Phoenix.

Find numbers below for the area:

153 Active homes for sale

152 Homes currently under contract

64 Homes sold last 30 days in Laveen

$88.85 average sales price homes sold

$192,000 average sale price

March 9, 2015

So, going by the numbers, we may be entering a seller market.  While this really has not been felt yet, we may start seeing the changes in short order, should the inventory of new listings continue a steady decline.  Prices to now, are stable, no visible increases are yet being seen.

160 Active homes for sale

139 Homes currently under contract

64 homes sold in last 30 days

2.5 months of inventory of single family homes

$88.51 average dollar square foot for homes sold last 30 days

$194,225 average sales price homes sold last 30 days

101 average days on market

Again, don’t base your home value on the information above.  Look at properties similar to your own property to help you determine value.  Or call me to help you determine value and then you can decide if you’d like to sell.

March 2, 2015

Welcome to a new month and update of the real estate market here in the South Phoenix and Laveeen area.  I think the quick question I would ask that is some what defining our market, is where have all the sellers gone?  We actually are seeing less homes on the market for some reason, and with that, the inventory is actually starting to decrease.  Yes, across the valley of the Sun real estate is now under 4 months inventory for single family homes.  This is still a buyer market, and you are not too likely to see multiple offers coming in on properties at this time, unless home is under priced and likely in the lower price ranges.

Laveen Real Estate numbers

169 active homes for sale

106 homes currently under contract

64 homes sold in last 30 days

2.6 months of inventory in Laveen at this time (SFD)

$87.65 average dollar a square foot last 30 days homes sold

111 average days on market for homes sold

Phoenix Real Estate Numbers

23430 Properties for sale

4946 Homes sold in last 30 days

3.7 Months of inventory

$123.50 average dollar a square foot

95 days on market average

February 23rd, 2015

Wow, the 85041 zip code saw a big increase in sales this past 30 days, which makes the zip have the lowest months of inventory in all of South Phoenix & Laveen Az at this time.  The zip code saw a pretty big jump in closings with 79 over the last 30 days, which is about 19/20 more closings than it has seen in prior years.  What could this mean for the zip code?  The other south phoenix zip codes saw decent number of closings as well, enough to now sit below the 3 month inventory that marks the division between buyer/seller market.  Laveen is still in a buyer market, but inventory has gone down a bit.  Something to keep in mind though, is that the numbers are also showing that the homes that are selling are selling at market value.  This is evidenced with the average sales price of homes in the area and average dollar a square foot staying extremely stable.

The numbers in Laveen:

181 Active homes for sale Laveen

121 Homes currently under contract

55 homes sold in last 30 days

$84.33 average dollar a square foot sale price

$182,385 average sale price for homes sold last 30 days

3.29 months of inventory in Laveen

Phoenix Update

4.3 Months inventory of single family homes

$123.50 Average dollar a square foot sales price homes last 30 days

$273,245 Average sales price last 30 days

Folks, it is really important you understand what is going on in the South Phoenix and Laveen real estate market if you are considering selling.  As an example, the 85041 zip code currently has an average list price of $229,000 but an average sale price of $175,000.  Days on market has increased over the course of the last 5 months.  The list to sale ratio, is still below list price even for homes that have had price reductions.  Homes are not selling if not priced right, and pricing them right takes knowledge of the area.  Good luck, hope this helps.

February 16th, 2015

Interesting, the number of active listings in the MLS in the Valley of the Sun has gone down just a little bit.  So why is that?  Over the last week of mls activity we have seen a drop in active listings by about 140 listings.  The reason is that more homes have actually gone under contract.  That is right, the Arizona MLS has seen an increase over the last 7 days of homes under contract and even an up tick in number of closings in the last 30 days.  The months of inventory is still over 4 months, actually currently sitting at 4.65 months of inventory for single family homes.

So what about Laveen real estate you might say?  Actually pretty much the same, number of active listings down a bit, under contract up a bit, and closings over the last 30 days also picking up.  See break down of the laveen real estate market below.

180 active homes for sale

110 homes currently under contract

57 homes sold in laveen in last 30 days

$86.42 average sale price for homes sold last 30 days

$185,933 average sale price of homes for last  30 days

3.15 months of inventory single family homes

One thing to keep in mind you potential Laveen home sellers.  The numbers above give a general idea of the over all state of the real estate market.  I would not go trying to price your home based on average sales price for an entire zip code.  You can request a free evaluation on one of the tabs above or we can schedule an appointment.

February 9th 2015

The last 30 days has seen the number of home sales slowly but surely increasing.  We of course always have a traditional slowing during the holidays which start in late November and go through new years.  This can clearly be seen in previous updates I have done, which have clearly shown the number of closings slowing to low 40’s through the holiday.  We are now at 50 deals a month, and would not be surprised to see this mark reached by a week or two more.  Home values on the other hand have not really seen much variance in prices.  Frankly, the entire south Phoenix and Laveen area have been very stable for some time.  Looked at closely, one can see that the entire valley of the sun has been in a very stable market with no real variance, as Phoenix has been at about $122 a square foot for about 1 year.  We have started to also see folks start placing homes on the market, and Laveen Az saw an increase number of active listing by 15.  What is the market showing us?  Well homes are selling, but we are still in a buyer market with 3.6 months inventory in single family homes, and the homes that will sell are those priced well.

182 Active homes for sale

114 homes currently under contract

50 homes sold in last 30 days

$200,610

$90.36 Average dollar per square foot sold  – Don’t take this to determine your home value.  The value has been pretty stable for the last year from about $84-$90 a square foot, but fluctuates depending on what sold in the last 30 days, in this case it is up because of some larger horse type proprty homes sold

101 average days on market

3.64 months of inventory

Looking to buy or sell?  I’d like the opportunity to earn your business, call today 602.373.6345

February 2, 2015

The biggest issue over the last year is to try to make my updates a little more entertaining, but with the local market being steady as it where, it makes it hard.  This week I’ve noticed though that the number of active listings has diminished in both the Phoenix area as well as Laveen proper.  On a positive note, the last 30 days just saw an increase in the number of sales for single family homes, which dropped our month inventory in Laveen a fair bit.  We should see number of sales continue relatively stable, and of course increasing as we go into the spring and summer months, which historically are more active.  If we continue to see a decline in active homes for sale, we may see inventory decrease and depending on how low our inventory goes, we could see the days on market decrease.  Right now we are seeing an average of about 90 days on market for those homes sold in last 30 days.

If you are looking to sell your home, please don’t base your sales price on the below figures.  The information below is to help buyers and sellers understand the real estate market in Laveen, but is not a good gauge to value you specific home.  The reason is that it takes all properties sold and lumps them together, which takes averages for the zip code.  To decide on a value for your home, you will want to know specific sales information for homes similar to your own home.

169 Active homes for sale in Laveen Az

111 homes currently under contract in Laveen Az

48 Homes sold in the last 30 days in Laveen

$202,156 average sales price for homes in Laveen

3.5 Months inventory at current time

$92.14 Average dollar per square foot for homes sold in Laveen last 40 days

January 26, 2015

One of the reasons I try to write every week about the Laveen real estate market as well as Phoenix in general, is to make sure I’m on top of the  market.  Real estate changes can happen fast, I saw that happen in late 2007 when the phones had been ringing off the hook with buyers interested in buying (anything), and then on a Friday in October, it just stopped.  Yup, the phone kind of just quit ringing and then homes started to stay on the market for longer periods of time.  Back then we could place a home on the market and have it sold before the end of the day, just that quick of a sale.  Not so much the case now, especially since it is a buyer market, but it pays to be on top of the trends so one can see the changes.  While no one can truly see the coming changes, they can be monitored and one can start to see what is likely.

So overall the Phoenix real estate market is still continuing with pretty much the sale ol’, basically stable.  Not much variation in values at all, just stable.  Same goes for the Laveen real estate market, it has been consistent.  Now, we have seen an interesting development in South Phoenix real estate in the last couple of weeks, where the number of active homes for sale has dropped.  We did see an increase in homes under contract in the 85041 and 85042 zip codes.  The number of monthly sales in South Phoenix continue steady, and values are also staying stable.  Days on the market for both south phoenix zip codes for homes sold in the last 30 days has been cut.  Yes, we have seen homes sell faster in both those zip codes for the last 30 days.  What will be interesting if the trend continues will be to see if homes will start seeing multiple offers again, but in order of that we are likely to have to wait for inventory to drop below 3 months, which we are fairly close.

Laveen Stats

188 Homes for sale in Laveen

96 Homes under contract for sale in Laveen

38 Homes sold in last 30 days.  This is lowest sales in several months.  Likely due to holidays

$202,000 Average sales price for homes sold

January 19th 2015

Not much new to report since last weeks update.  We still have less inventory than we did at this time last year.  Last year we ended up seeing an increase to over 200 homes by the start of February.  Also last year same time there was about same amount of home sold, so inventory was slightly higher due to the higher number of active homes.  Could this point to a similar year for 2015 as 2014?  Time will tell

182 Active laveen homes for sale

99 Homes currently under contract

40 Homes sold in laveen Az last 30 days

$191,259 Average sale price for homes sold

125 Average days on market for those homes sold

January 12, 2015

Well, holidays are over, and it appears that the number of new listings coming to the market has increased.  Across the valley we are about about 500 single family homes just listed in the last seven days, and along with this increase from 3.9 to 4.2 months of inventory.  Time will tell if sales pick up as we exit the holiday season.

Laveen real estate has also seen an increase in listings, yet not as significant as across the valley.  My thoughts for the year, are we will continue in a buyers market with little fluctuation in prices, much like most of 2014.  Chances are it may be 2016 before we see any appreciation, but again, time will tell no one truly knows.

183 Active Laveen homes for sale

98 homes currently under contract in Laveen

45 homes sold in the last 30 days

$178,668 average sales  price of homes in last 30 days

112 was average days on market, which is the longest in the last year

4.06 current months inventory for single family homes in Laveen Az

Need to sell your Laveen Az home?  Make sure your real estate agent has a good marketing plan in place, and knows the market, the consequence of not choosing right could cost.

January 5, 2015

Welcome to the new year.  What can we expect in 2015?  Well that is always the question, and of course we never will truly know this until we have lived it, right?  Some “experts” are saying this is the year that the housing market will make a much stronger recovery.  These experts point toward the millennials’ coming back to the market, to the improving job market and more folks getting back into owning a home.  Again, time will tell.

We did see a fairly stable real estate market in Laveen and Phoenix overall for most of 2015.  Worst case scenario, I think we may see just the same stable market.  While many would like to see the housing values go up, I’m not too sure that that will happen, and if it does it could price the first time home buyers or millennial market out of the market.  Which in turn could have an effect on the recovery.  Its complicated right.  The good is that lenders are making loans, past foreclosure and short sale people are likely able to qualify for a loan, there are good low down payment programs, interest rates are still low, and lastly homes are still affordable .

Laveen Real Estate numbers

177 Homes currently for sale

90 Homes currently under contract

49 Homes sold in December 2014

3.6 months of inventory

$185,838 average home sale price in last 30 days

109 average days on market for homes sold

December 29, 2014

My last post for the year on Laveen real estate.  Lets sum up the year first and see how we have fared.  We started out the year averaging about $84.05 a square foot, and through out the year we really did not see much change.  Over the year we have been pretty stable staying any where from about $83 to $92  square foot.  While we did see the value per square foot increase to over $90, it did not stay there for long and was likely due to a couple of horse properties selling in the higher price range.  Over all we have been $84-$87, consistent.  We have seen about 15% less home sales happen in 2014 vs. sales in 2013.  This year did see a lot more owner occupants buying homes, and not so much investors as in years past.

185 Active homes for sale in Laveen  – this is about what we went into 2014 with

96 Homes in Laveen currently under contract

40 Homes sold in Laveen in the last 30 days

$194,745 Average price for Laveen homes sold in last 30 days

90 Days average for homes sold

What will 2015 bring for Laveen?

Time will tell.  Predictions from so called “experts” are saying things are to pick up.  Yet Fannie Mae and Freddie mac are constantly making changes that can affect purchases by buyers.  A big one starting in January 2015, is a automated appraisal review system both GSE’s will be using to check value of appraisal.  The word is that this system will be using the 10 lowest comparable properties to check against the appraisal to see the risk of making the loan.  This will all be automated and based on homes that are within a certain area.  So in other words you can likely see complication on some loans that are being under written for fannie and freddie, at the very least this will slow the process down and add work for appraisers.  Millenials are also expected to come to the market, these are the young adults to about 35 years of age.  They also make up the largest portion of the population, larger than baby boomers, and once they get to buying, it could have a big effect.  Again, time will tell.

My thought…………….., I think we will stay consistent in values until we see more folks working and wages increasing.

December 22, 2014

Is weekly to soon for updates?  If things change it will not be, and truth is with technology the way it is things can change quick.  Matter of fact back in late 2007 we saw the market begin to tank, and having this weekly knowledge would have been really good to have.  The year though has really been stable if nothing else.  Yes we have seen some up and downs, but all within a small margin – in other words stable market.  Some articles have begun to show up based on studies that indicate 2015 could see MANY sales begin to occur.  Some point to past foreclosure and short sale home owners being able to come back into the market.  Also, new loans are requiring less money down so buying a home may become do able for more folks.  Time will tell

Your numbers for this week looking at last 30 days:

24037 active homes for sale in Phoenix

4.3 Months of inventory in Phoenix

$283,097 Average sales price

179 Active Laveen Homes for sale

48 Homes sold in Laveen last 30 days

3.7 Months inventory in Laveen

$191,949 Average sale price for homes in Laveen Az last 30 days

December 15, 2014

Not much change in the real estate market in and around the Phoenix area of late.  We are still experiencing a buyer market, and we are currently at 4.5 months of inventory.  We have been over 4 months since about October 2014, but regardless have still been in a buyer market all year.  Average sales price for homes in Phoenix MLS for the last 30 days has been about $124,43 a square foot, which is a significant amount higher than are average has been all year in Laveen.  Numbers for Laveen follow:

192 Homes currently for sale

102 Homes under contract

45 Homes sold in Laveen last 30 days

$191,027 average sales price for homes sold last 30 days

93 average days on market for homes sold

$273,942 – Average home sale price for all Phoenix MLS homes sold in last 30 days

87 Average days on market for Phoenix homes sold last 30 days

December 8, 2014

So cool to see when I’m out in the Laveen Az neighborhoods all the folks who are getting into the holiday spirit.  Homes are starting to decorate their homes with the traditional lighting, blow up figures are going up, lawn ornaments are added and it really helps bring in the festive mood, regardless of the fact that it is still 75 degrees.

Of course when the holidays come, real estate in Laveen Az does continue on but it slows a bit.  This is seen over the course of the last couple of weeks, as you ‘ll notice in my current state of real estate trends.  The number of active listings have gone down a bit, as have the number of homes under contract, and also the number of closed sales in the last 30 days.  Add this all up and it of course translates to a higher month of inventory, but this is likely to decrease once we get passed the holidays.

196 Current number of active Laveen homes for sale

98 Current number of homes under contract and at some stage of the purchase process

43 Homes sold over the last 30 days

4.5 Months of inventory (buyer market)

$186,233 Average sales price for homes last 30 days

97 Average days on market for homes sold

Let me know if you are planning on selling, I’d be happy to give you an idea of value of your home.

December 1, 2014

Welcome to the Holidays, we are pretty much in the thick of it now.  Generally you will see a slow down in the number of sales during the holidays, so lets review some numbers and see where we stand.

Phoenix is actually seen a decrease in number of listings coming to market currently as well as a decrease in number of closed sales in the last 30 days.  As such, Phoenix grew to a 4.7 month inventory, though it has a very stable average sales price per square foot.  No real variation in average dollar sold for homes in the last 30 days.

Laveen Az is holding steady in the number of active listings on market, with a slight decrease to sales in the last month.  Laveen currently stands at 4.48 month inventory of available homes.  The bigger news is that for the last 30 days, the average sale price per square foot has gone down to $80.27, which is really the lowest since February 2014.  Interestingly, the average sales price (up a bit) but really  is holding steady, but this may indicate some larger homes selling at reduced prices.  Time will tell how this unfolds.

202 Number of active homes

104 Homes on the market

4.48 Months Inventory in Laveen

$193,268 average sales price

November 24, 2014

One thing about Laveen Az real estate lately, is that it has been consistent if not boring to report on.  Values continue to be stable with  no major expected changes.  Looks like we have had a small decrease in active homes for sale, which is normal coming into this holiday season.  Keeping things short today, find below the information for this week:

Active Homes for sale 205

96 Homes currently under contract

52 Homes sold in last 30 days

$187,310 average sales price for homes last 30 days

4901 Number of Phoenix MLS homes sold in last 30 days

$269,302 Average sales price for homes sold in Phoenix MLS in last 30 days

November 17, 2014

Wow, it went and got cold over night, and it almost feels like winter.  So what has been going on in the last seven days in Laveen real estate?  Has there been a shift, or a change in the market?

Actually we are holding pretty steady and continue on with similar trends to years past.  We are of course coming very close to the holidays, and as usual we do see a slowing down of the number of closed transactions.  That being said, we do have steady number of homes under contract, which are similar to other months through the year, of course except for late spring and into summer when number of transactions increase.  We have just shy of 100 homes currently under contract and at some stage of the transaction, and we will keep on eye on that to see how many actually close.  Chances are good, we will continue with similar closings for the end of the year ranging from about 42 to about 54 or so.

216 homes currently for sale in Laveen Az

4.32 current months inventory of homes – Buyer market

$190,928 Average sales price for homes last 30 days in Laveen Az

$271,329 Average sales price for homes for entire Arizona Multiple Listing Service

110 Average days on market for Laveen homes sold last 30 days

For you folks thinking of selling, and possibly doubting homes selling in the holiday season, I offer you this evidence.  From November 20th 2013 through January 5, 2014 Laveen Arizona saw a total of 81 properties sold  As you can see from below dates, and information I’ve offered for some time now, homes do sell through out the entire year in the Laveen area.

Need to sell, then regardless of the coming holiday – I would suggest listing the home and selling.  The only reason to hold off would be if listing the home would be inconvenient to you the seller during the holiday season.

November 10, 2014

What has changed in the last 7 days in the real estate market?  Really not a whole hell of a lot, we are still experiencing a buyer market through out the valley, and that includes South Phoenix and Laveen.  Values continue to hold steady, but one could best describe values as stagnate or just plain stable.

Phoenix Real Estate has 4.2 Months Inventory of single family homes

Laveen Real Estate has about 4 months of inventory of single family homes

The zip code in south Phoenix closest to a balanced market is 85041, which is at about 3 months of inventory.

Average sales price Laveen in Last 30 days $193,781

Average sales price Phoenix in Last 30 days $270,036

Most of the mls solds are averaging over 80 days on market.

If your looking to buy or sale, please consult a realtor, they can help you secure a home but also negotiate your deal to save you money.

November 3, 2014

So how is the Laveen real estate market fairing going into the holidays.  Over all the market it doing well, though we are slower year over year in terms of the number of units sold in Laveen Az.  Again, average price has maintained stability for several months now, another description would be to say Laveen real estate values are holding steady.  While many I’m sure would love to see appreciation of values like early 2013, it does not seem to be in the cards at this moment.

212 Active Laveen Homes for sale

58 Home sold in Laveen last 30 days

$190,580 average price for homes sold in Laveen last 30 days

We are coming into the holiday season in which case the Laveen real estate market much like the rest of Phoenix will slow a bit.  If you are considering selling, you should still consider listing, as there are still homes that do sell.  Matter a fact Laveen real estate saw 104 sales in 2013 between November and December 2013.  So while it does slow down a bit, home buyers are still out buying.  Truth is, you might find more motivated buyers and not as many folks just looking to see what’s for sale.

October 27th 2014

What is really interesting in the real estate market now, is that we have seen inventory grow by about 1000 new properties for sale in Phoenix MLS, yet Laveen Az is steady.  Yessir, Laveen Az holds steady with about the same number of listings and closings compared to the growing Phoenix mls inventory as well as other areas of the valley.  What do the increasing inventory numbers mean for the MLS as a whole?  Well, generally increasing inventory will mean more choices for buyers, longer time on market for homes and very possibly a drop in prices.  At this point I have not noticed a decreased in prices when looking at Phoenix MLS as a whole.  Phoenix is averaging about lower $120’s a square foot and has been for some time, although inventory has grown to 4.4 months for single family homes.

216 Active homes for sale

63 Homes sold in Laveen last 30 days.

$208,000 Average homes sales price for last 30 days

October 20, 2014

We are still seeing a gain in the size of inventory.   Phoenix went from 24500 active listings last week to 24875 this week, almost a 400 listing gain in a seven day period of time.  This trend of inventory growth at this level started toward the end of our summer market, and appears to be going strong and it appears that we may be in a buyer market for the time being.

Lets look at Phoenix Numbers this week:

20291 Active homes for sale in our MLS – SFD

4841 Homes under contract

4847 Sold homes in Phoenix in the last 30 day, giving us a 4.18 Month inventory – YES a buyer market.  If you need to sell, make sure to really zero in on your true market value, then market the home aggressively or it will not sell.  At this time your home must be the best home, at the best price, or it won’t sell.

October 13, 2014

Wow, almost 500 new listings on the market in the last week, this is a huge jump for the ARMLS.  What is interesting is that the market across the valley was a buyers market for the entire year to date, but we did see a decrease in inventory in the summer.  Yes, we saw a decrease of inventory from about May to about August.  The rest of the year has seen inventory of 3.6 months or more, which of course is a buyer market.  If inventory continues to grow, we may see prices go down.

215 homes for sale

69 homes sold in last 30 days

96 days on average for homes sold last 30 days

$194,895 average sales price for homes sold last 30 days.

October 6, 2014

Looks like inventory is growing, and number of sales is staying flat.  While we have seen home values go up over the last year, most of the increase was seen January – June 2013, and then pretty stagnant since then.

219 Active properties

73 Homes sold last 30 days

101 Avg days for homes sold on market

We have seen a reduction in pending properties over the last several reports.  It does indeed appear that the number of closings recently may have been a direct result from some short sales or other homes with contingent offers finally closing.  We saw a significant drop in pending homes (homes under contract), which may show up in the next 30 days, as less sold homes.  We also have a larger active inventory, and mls is showing over 4 months inventory, and I show 3 months as of today for single family homes in the Laveen area.

As an agent working the Laveen area, I can speculate that it appears that buyer demand has slowed.  The number of calls, internet leads and others has slowed compared to months past.  This could be somewhat due to the season change, as we enter the fall/winter holiday season.  Yet year over year, we are slower than 2013.

September 29, 2014

Not much change in the past week.  Currently we have 210 active listings, 114 homes under contract and 72 sold within the last 30 days.  We stand at 2.91 months inventory, based on the number of active and sold properties.  Values for homes sold in the last 30 days has averaged $181,703, which is a slight drop from the previous week results.

September 22, 2014

Wow, big last 30 days sales helps show a smaller inventory, just shy of 3 months.  Interestingly the average price of all the homes sold for the last 30 days has gone done since we last checked to $184,129.  This drop is about $2400 less than average last week.  Also the average for those home sold went up to about 91 days on market.  So while there is some hope for values and the over all market with the news on the inventory, the other numbers I look at may show that it was just a fluke.  We’ll see next time I review and see if we indeed are in a sellers market, but I doubt it.

September 15th, 2014

Not much has changes, the market for the area is still a buyers market sitting at 4 months inventory.  What this means is that homes are sitting on the market longer, with selling homes averaging about 78 per closing.  Gone are the days where multiple offers came in on new properties to market.  It appears that buyers motivation to purchase has decreased some across the valley of the sun.  This has become more evident as we see the numbers of new listings decrease, sales decrease (both year over year), and inventory grow.

September 8, 2014

The market in South Phoenix and Laveen seems to be fluctuating a bit.  Laveen now is experiencing a buyers market, as it currently is sitting on just a little over 4 months inventory.  If you live in the South Phoenix and Laveen area, the best zip code to be selling at this very moment may be the 85041 zip, since inventory in that zip code is the least in all three south phoenix zip codes.  Currently the zip code of 85041 has about 2.5 months inventory, which is still a bit of a sellers market.  One thing to really keep in mind though, Phoenix as a whole is at about 3.6 months, so the market has been shifting to a buyer market for some time now.  What this means again, is that buyers have more choices and now sellers are having to compete for the buyers.

Reports from the MLS indicated that number of new listings this year compared to last year are down, and that the number of sales compared to last year are also down.  Add both these up and inventory is growing, and the reason may be lack of buyers.  This could be due to lack of adequate financing, or lack of money for down payment, or maybe even buyers being on the fence as to buying at this time.  There are still good deals out there for buyers, and financing is available, feel free to contact me for information on homes, and I’d be happy to recommend several good lenders.

September 3, 2014

Folks August is now in the books and number of sales in Laveen has dropped, listings or inventory has grown.  What does this all mean?  Well there really is a lot of information one can gather by looking over the statistical information provided in our MLS system.  For instance lets look at the number of sales that closed in Laveen for August, which as 46 sales.  Currently we have 223 properties for sale in Laveen, which translates to about 4.8 months of inventory.  To re define a buyers market is usually over 3 months a sellers market is under 3 months, so we currently are very much in a buyers market.  For home sellers out there, you may notice that your home may be sitting on the market, there are not many showings of the home, and your likely considering price drops.  These are all things that tend to happen during a buyers market.  The competition now is the sellers competing for the buyers to buy their home.  The home seller that wins is generally going to be the best home, at the best price, in the best location.  You’ve heard real estate is about location, but it is also about condition and price.  Homes that are not priced well or at market value, are likely not going to be getting many if any buyers viewing the home.  There are actually some homes on the market now that are priced well, that are still staying on the market longer.  Again, buyers have the upper hand since inventory has grown.

Another interested factor after reviewing recent sales statistics is average prices.  Since June 2014 to very recently the average sales prices per square foot was over $85 a square foot, and even got to just over $92 a square foot as an average for Laveen.  We are currently back down to under $85 a square foot.  This is further proof that values have dropped a bit, but it may also indicate with growing inventory that the prices could potentially drop  a little further.

Time will tell.

August 25, 2014

Lets just look at the overall market, just to change it up a bit this week.  In August so far to date, we have seen about 6775 sales,which is -6.2 less than last month, and amost -17% less than last year.  Also new inventory is 8468 for the valley, which is -2.4 less than last month and -7.4 less than last year ( this means new listings to the market).   Total inventory in the valley is 26,928 which is -2% less than last month, but 34% more than last year at this time.  Also months supply of inventory has gone up to 3.97 for the valley.

What does all this statistical information say about the real estate market in the Valley?  Namely that even though buyers have more inventory to choose from, we are seeing a slowing down of the purchase process.  Home are staying on the market for a longer period of time, current average for valley is about 88 days.  Also inventory is growing even though we have less new listings coming onto the market.  So for the time being, with inventory at the 3.95 months range, we are seeing buyers starting to gain a little bit of the upper hand.  On the good side for sellers, values still appear to be holding steady.

August 18th, 2014

Not much has changed in the week, and what more can be expected.  Things appear to be staying relatively stable, with no major change in values  based on averages dollar per square foot.  We did see an small increase in inventory, and that truly is based on a small slowdown of recent sales in Laveen for the last 30 days.  Also, we saw a small increase of active listings in the last 20 days, an increase of 10 new listings to the average active.  Overall, we are steady.

So is it a good time to sell?  Yes, home buyers are still searching and making offers on existing homes.  Interest rates remain low, and that means folks have decent purchase power.

230 Active homes

112 Homes under contract

63 Recent home sales

$88.28 Average sales price per square foot last 30 days.

August 11, 2014

Laveen just saw an up tick in number of new homes hitting the market.  We have grown to 233 active properties currently on the market at this time.  Generally what this could end up meaning, especially of number of sales stay consistent, is that the Laveen market is shifting more toward a buyers market.  Reality though is that we are still holding pretty steady at about 3.1 months of inventory.  The last 30 days did see an increase in homes coming onto the market, but it also saw a larger number of homes sell.

233 Active homes for sale

103 Homes currently under contract

75 homes sold in the last 30 days

$90.18 average dollar per square foot for Laveen homes last 30 days.

August 4

July has ended and a new month of Laveen real esate has begun.  Things continue on pretty steadily with the following:

220 Active homes for sale

109 Homes currently under contract

72 Homes sold in Laveen last 30 days

$89.34 Average dollar per square foot

July 28th, 2014

As I recently blogged in blogs below, the average dollar per square foot is now back down to $87.94.    We had spent about 4 weeks in the $90’s a square foot, but it was due to several homes that sold in the $400,000 and up range in our Laveen area.  While we do see higher home values on a monthly basis, we don’t generally see as many sell as had in the last 60 days, so averages per square foot went up.

220 Active homes for Sale

127 Homes under contract at this time in Laveen Az

64 Homes recently sold in Laveen Az in last 30 days.

$87.94 average dollar per square foot for recent Laveen Homes sold last 30 days.

July 21st, 2014

Welcome back, took a quick week off from blogging Laveen Real Estate Stats.  If you get the chance, make sure that you travel up North to visit the Grand Canyon, it is truly fascinating.  It is a great place to go and visit and is only about 4 hours from Laveen Az, one of the worlds wonders.

Laveen real estate has dropped to about $91.22 a squre foot from a high a couple weeks back.  The spike in value was likely due to the higher priced homes that had sold, we had about 5 homes sell over the $400K mark.

223 Active homes for sale in Laveen Az

123 Homes under contract currently in Laveen Az

72 recently sold homes in Laveen Az in the last 30 days

$91.22 average dollar per square foot in last 30 days.

July 7th, 2014

Welcome back after the holiday weekend, and happy 4th folks.  So Laveen real estate is still moving along, and we are now 4 weeks in a row that average price per square foot has been over $90 in Laveen.  I still think that the value is a little inflated, as we had a rarity with several homes selling within the last 30 days over $300,000 and that of course elevates the averages.

224 Active homes for sale in Laveen Az

128 Homes under contract in Laveen Az

73 homes sold in Laveen Az in the last 30 days

$92.06 average price per square foot of homes sold in Laveen Az last 30 days.

June 30th, 2014

Laveen is holding steady in values, actually went up a little bit over the course of the last thirty days.  Good explanation for the higher dollar per square foot is that there were several over $300,000 home sales which occurred, and thus overall price per square foot when up.  My opinion is that values are still pretty much the same.  If your looking to sell, I’d make sure to compare properties that are as close to identical to yours, in that way you are really comparing like properties.

218 Active homes for sale in Laveen Az

147 Homes under contract in Laveen Az

80 days average to sale a home

2.75 months of inventory.

June 23, 2014

This past week is the second week in a row that Laveen has averaged a little over $90 a square foot in sales price.  Major reason is that a couple of homes sold in the over $300,000 range and that of course has increased the price per sq. ft on the averages.  Good to see though, that Laveen Az does have some properties again that are selling for over the $300,000’s.  Actually to date this year Laveen Real Estate has only seen 15 homes sold over $320,000.  Highest sold home so far was $545,000 in a gated community on an acre, semi custom home.

216 Active Laveen homes for sale

150 Laveen homes for sale currently under contract

77 Number of Laveen homes for sale sold in last 30 days

76 average days on market for Laveen homes for sale

June 16, 2014

New week has just started, so what is going on with the Laveen real estate market.  Well, things are continuing steady, no big changes.

222 Active Laveen homes for sale

151 Laveen homes for sale currently under contract

78 Number of Laveen homes for sale sold in last 30 days

79 average days on market for Laveen homes for sale

Hope this information on the Laveen real estate market helps.  If your considering selling, please advise, I’d love to help.

June 9th 2014

Home values in Laveen continue being stable with no significant fluctuation in the past several months.   Last year at this time Laveen was averaging about $78.69 a square foot, and as of today we are about $88.50 a square foot.  We saw the biggest jump in home values for the area last year from January 2013 to June 2013, at which time it really just leveled off.

219 Current Laveen homes for sale

133 Current number of Laveen homes for sale that are under contract

73  Number of sales in Laveen in the last 30 days.

3  The number of months inventory based on numbers available today

June 2, 2014

Nothing much to report on the status of the real estate market, things are staying steady.  We are still hovering around 220 active listings, and closings on a 30 day basis continue to be over 60 homes sold.  Things are steady.  Dollar per square foot sold for the last 30 days shows a slight increase to $86.47, but this number is still steady since last year.  We’ve seen some variance in $ per square foot since June 2013, but always staying within a range of about $85 a square foot since then.

213 Active homes for sale

98 Home currently under contract

43 under contract with contingencies

64 homes sold last 30 days.

May 27, 2014

Not much change in the Laveen market in the past seven days, we continue pretty stable in the market.  Currently we have:

219 Active properties

215 Active single family homes

65 Sales in last 30 days

Averaging about 71 days on market

$180,924 is the average sales price of homes within the last 30 days.

We are not seeing much change in the market, but the good news is that it is pretty stable.  Numbers have not changed much in some time, with only a little swing by a couple of dollars a square foot either up or down since late 2013.  While I hesitate to call any one “experts”, many economists and national folks in real estate are predicting rest of 2014 to maintain stability but no real growth.  Only time will tell.

If you have any specific questions about the Laveen real estate or South Phoenix market, please send it to me via the contact form on my site located by clicking here.

May 19, 2014

Another week has come and gone, and houses are still selling in Laveen.  We are now at our second week in a row where average dollar per square foot in the Laveen real estate market has kept at $83.  Over all the market has been stable since late 2013, with not much fluctuation in home values.

For last 30 days average of home sale:

Average sales price $176,814

Days on market 65

May 12, 2014

The good news for buyers in the Laveen Real estate market is that inventory has grown.  We started the year at about 181 active homes for sale, and at this moment we are up to 221 active homes on the market.  Also good news for buyers is that interest rates still remain low, and with this larger inventory you now have some choices.  Even better, because of the increase in inventory buyers are not having to compete so much with investors to get into the Laveen real estate market.

Average sales price  $ 180,687

Average days on market 73

May 5, 2014

Laveen Real estate continues to hold steady for the time being.  We saw a decrease in active listing this past week, and an increase in sales over the last 30 days.  Overall the market the Laveen real estate market is holding steady.

Average Sale price    –   $184,219

Days on market        –  69

April 28, 2014

Laveen Real Estate continues to hold steady.  Not much change has occurred in the last week.  Number of active listings increases a smidgen, as does our turnover rate or inventory of homes for sale in Laveen.  Laveen home values have been holding steady for some time now as a whole, between $85 to $89 a square foot.  Word of caution, if your a seller, these numbers use the entire Laveen Real estate zip code to base statistics, if your contemplating selling you are better served having a home evaluation performed.  If your interested contact me directly for your free consultation.

Average sales Price – $180,499

Days on market 77

April 21, 2014

Laveen real estate has seen another week go by, and values are still holding steady.  Inventory in the last 7 days has decreased just a little, and inventory is closing in on the 3 month mark.  Generally a 3 month or less inventory will by one which can be described as a sellers market.  You may see multiple offers coming in on some properties, and may even see a little above asking price on some properties.  One thing to keep in mind as a seller, is that in last 30 days over 50 homes have sold, but there are still over 200 active homes on the market.  So, even if it is a sellers market, you must price your home within its value, if not like many other homes it may just sit on the market.

Average Sales Price – $ 184,036

Days on Market – 78

April 14, 2014

Laveen real estate seems to be lowering the inventory for the 5th straight week.  What does this mean?  Well generally when inventory is under 3 months, we have what is referred to as a sellers market.  Once we go over 3 months it is a little bit of a transitional market, and over 4 months is a buyers market.  If this up tick continues we may soon start seeing multiple offers on properties again.  The interesting thing is that reason inventory has been reduced is due to more buyers purchasing homes, and number of listings on market staying constant since about early February.

Median sales price in Laveen – $178,095

Days on Market 71

April 7, 2014

Looks like the Laveen Real estate market is possibly headed toward another shift, this time moving toward a sellers market.  As a small refresher, we have been in a buyers market since November/December 2013.  This means that inventory grew over 3 months, and it reached a little over 5 months.  Sales have increased, and number of new listings has slowed and become stable.  Are we headed back to days of multiple offers, that remains to be seen.

Current Active homes -232

Median Sales price in last 30 days – $177,986

Average price per square foot $88.20

March 31, 2014

Another week has passed, and that means lets look at what is going on in the Laveen Real Estate market.

Current Active homes -235

Median Sales price in last 30 days – $180,975

Average price per square foot $86.70

Laveen real estate in the last seven days has seen a slight decrease in inventory, and increase in closings in the last month.  In other words current inventory has decreased to 4.051 months of inventory.  This inventory level still keeps us in the buyer market, but as spring comes and summer is right around the corner if this trend continues we can see a return of a sellers market in Laveen.  Values have been pretty stable since late last year, averaging anywhere from about $85 to $90 a square foot.

March 24, 2014

Laveen Real estate continues to move along nicely.  While we continue to have more new listings hitting the market place, the number of home sales has picked up a bit from earlier this year.  We currently have about 4.45 Months of inventory in the Laveen market.

Current Active homes -236

Median Sales price in last 30 days – $182,943

Average price per square foot $89.31

Hope this quick, fast update for Laveen real estate market helps you keep in touch with our market.  Should you have any questions for a specific property, please contact me directly.

March 17, 2014

So here we go, another week of the Laveen Real estate market update.  This is a little blip, in which I try to share what is currently happening within my Laveen real estate market.

It appears that the market is showing good stability for the time being.  Since February 2014, we have hovered between 209 and 220 active listings.  With Laveen homes sale being in the mid to high 40’s a month, we have been sitting at about a average of 4 plus months inventory of homes.  The good news is that home values are holding steady, and dollar per square foot as well, hovering in the mid to high $80’s.  For home sellers, this is good as we enter the spring and summer which are always good times to sell.

Active Laveen homes   216

Median sales price         $191,003

Sales price to list Ratio is still averaging about 96% list to sales price.

If your considering selling, I would recommend a home evaluation by a professional realtor.  While the numbers here given are information, they also use all homes in the Laveen Real estate area, and it is best to use similar homes when deciding on home value.

March 10, 2014

Welcome to another week of the Laveen Real estate market update.  One thing that I have found by keeping constant watch over the market, is that you can gauge what the pulse of the real estate market is doing.  My goal of course is to have as much knowledge of the Laveen Real estate market as possible, so that I can help my clients to the best of my ability.  With that in mind, here are this weeks numbers:

Properties currently active: 213

Median Sales Price: $185,000

Sales price to list Ratio: 96%    – This indicates the average list price to sales price for the mls average.  Based on statistics prepared by MLS.

Average days on market: 84

Current Months Inventory: 3.73

This are all important things to know if your currently considering selling your home.  Laveen real estate has been in a buyers market since the mid-November 2013.  Inventory grew to 5.8 months inventory in February, but sales have had an up tick in recent weeks.  This in turn has helped reduce some of our Laveen real estate inventory.

March 3, 2014

Welcome to another week of Laveen Real Estate Market update.

What had been a steady increase of active listing in Laveen, has slowed in the past seven days.  I’d mentioned before how since August 2013, the number of weekly active listing had been steadily increasing.  This week we only see an increase of one listing, and closings jumped up to 55 closings in the last 30 days.  This is good news for Laveen Real Estate, as we have just seen a small drop in inventory to 4.01 months, and the average sales price increased to $191,377.  For folks that like to track Laveen home values by square footage, the average for last 30 days is $86.99 sq. ft.

It will be interesting to see what happens in the weeks to come with our Laveen Real Estate market.  If market continues with steady numbers of sales and averaging about the current listing inventory, prices should remain stable and potentially still show slow but steady increase.  If we see home inventory grow beyond 6 months, we may start seeing a slow down of the Laveen Real Estate market.  Time will tell.

February 24, 2014

Welcome to this weeks Laveen real estate market update.

Laveen overall is still seeing overall very stable pricing, which has been the case since August 2013.  Currently we are seeing the average square foot price of $84.50 for Laveen real estate.  Now keep in mind, this figure lumps all into computing the average figure, including mobiles, single family homes, town homes and even horse property.  The big take way though, is that Laveen real estate values are staying pretty stable.  We are currently sitting on:

220 active homes

43 sold in last 30 days

The two above figures give Laveen real estate and average of about 5.11 months of inventory.  This is a good thing for buyers, as they are now having market more in their favor.  Yes, buyers now have more choices of homes to select, are less likely to have to compete against other buyers on the same home.  So buyers, with interest rates still at historic lows, it really is a good time to get off the fence and buy!!

February 17, 2014.

Welcome to this weeks Laveen Real Estate market update.  Lets start by looking at the Valley as a whole, and it is interesting to see that active single family homes has grown another 300 active homes in 7 days.  The good thing is that sold homes in last 30 days picked up a bit as well, so current inventory stands at 5.29 months.  That current inventory is a smidgen down from last week.

Laveen real estate active single family homes stands at 224 Laveen homes for sale.  That is a huge jump of 15 new homes to the market in just 7 days.  Last 30 days we also did see an increase in sold homes, closing the last 30 days with 45 Laveen homes sold.  This current activity puts laveen real estate at about a 4.97 month inventory.  For several week Laveen real estate had been holding steady between $83-$85 a square foot, but this week we did see our first drop below that mark since October 2013.  Laveen real estate is currently averaging about $81.86 a square foot for the homes sold in last 30 days.

What does this all mean for Laveen real estate?  Good questions!!  Generally economy of scale will tell you the more supply, the less the demand and vice versa.  So when inventory grows, you tend to see the market slow down, and some times even see prices drop to keep buyers buying.  Will this happen?  Unfortunately there is no crystal ball to tell us that answer.  Active homes have been increasing pretty steady since October 2013, and prices had remained stable since that time as well.  We did have three weeks of past 30 day sales averaging about $81 – but the rest of the time it has been $83 to $85.

Keep in mind, these values can give you an idea of what is going on in Laveen real estate.  If considering selling be sure to request a FREE valuation to your home, that way you get an accurate value.  These averages are lumping all SFD homes in the zip code.

February 10, 2014 

Welcome to my Laveen Real estate market update.  This update for Laveen real estate comes to you on February 10, 2014.

Lets start todays look at the market with also looking at a recent trend in the Metro Phoenix market.  Since about August 2013, the metro Phoenix real estate market had begun to see an increase in new listings to the market.  Some weeks saw increased between 300 to as much as 700 new listings to the market.  Sales have remained pretty constant through out the period.  What this translates is to larger inventory, less competition among buyers, longer days on market for sellers.  What is interesting is that values have been stables for the last stables months, keeping at about $117 to $119 a square foot.

Laveen real estate has been following the same trend with increase in number of homes hitting the market.  We started in August 2013 with about 138 active listing on the market.  Currently we stand at 209 active listings in the laveen real estate market.  Inventory has grown to about 5.2 months of inventory.  (This is for single family homes).  This is now a buyers market folks, which is good for buyers.  Over the course of the last year or more, buyers were competing with other buyers, investors to try and secure a home.  While homes are still selling quickly when priced right, buyers are having an easier time getting into a home of their choice.

Average price per square foot is about $84.46, in the laveen real estate area.