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Good news for Arizona as Phoenix now tops the list
of the nation's hottest job markets!
(Phoenix Business Journal - September 14, 2007)
1. Phoenix
America's hottest labor market is, appropriately enough, in the desert. Phoenix has tacked on 325,100 jobs since 2002, the equivalent of 1,250 a week. Phoenix's jobless rate, 3 percent, is the nation's fourth-lowest.
2. Salt Lake City
3. Boise, Idaho
Arizona's number of non-farm jobs hit a new record in November. The state's economy added 14,400 jobs in November, putting total employment at over
2.7 million.
(Arizona Republic- December 20, 2007)
Market Update
As of March 1, 2008
Valley-wide inventory:
56,588 Active Homes For Sale
Cities sorted from highest
to lowest avg sold price.
Paradise Valley
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$1,518,000 |
95.5% |
-22% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
6 |
+20% |
110 |
-31.7% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
461 |
$3,598,002 |
197 |
_____________________________________________
Carefree
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$680,800 |
91.2% |
+6.1% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
5 |
-44.4% |
330 |
+78.4% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
224 |
$1,173,842 |
195 |
_____________________________________________
Scottsdale
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$629,318 |
92.7% |
-0.6% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
340 |
-29.2% |
146 |
+9% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
6,252 |
$1,011,487 |
162 |
_____________________________________________
Fountain Hills
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$581,941 |
93.7% |
+17% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
50 |
-25.4% |
167 |
+1.2% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
904 |
$764,291 |
174 |
Gold Canyon
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$393,558 |
95.6% |
-2.4% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
17 |
-56.4% |
164 |
+6.5% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
417 |
$568,020 |
181 |
_____________________________________________
Ahwatukee
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$315,135 |
91.2% |
+3.3% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
10 |
--- |
167 |
+65.4% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
89 |
$361,461 |
165 |
Chandler
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$309,216 |
95% |
-13.3% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
182 |
-33.3% |
150 |
+33.9% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
2,511 |
$393,069 |
139 |
Gilbert
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$296,458 |
95.8% |
-11.2% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
207 |
-20.1% |
144 |
+16.1% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
2,655 |
$392,961 |
130 |
_____________________________________________
Tempe
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$264,890 |
94.4% |
-11.8% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
70 |
-48.9% |
122 |
+27.1% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
988 |
$365,787 |
129 |
_____________________________________________
Phoenix
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$258,504 |
94.7% |
-13.3% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
628 |
-48.2% |
131 |
+36.5% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
12,821 |
$336,932 |
137 |
_____________________________________________
Mesa
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$218,726 |
95.3% |
-12.6% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
347 |
-30.2% |
134 |
+20.7% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
4,624 |
$317,164 |
137 |
_____________________________________________
Queen Creek
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$195,480 |
96.7% |
-23.8% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
159 |
+9.7% |
114 |
-4.2% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
2,219 |
$275,409 |
131 |
_____________________________________________
Apache Junction
Homes Sold in February 2008
|
Avg Sold Price |
% of List Price |
Price Change from Feb ‘07 |
|
$182,938 |
96.6% |
-30.7% |
|
# of Homes Sold |
% Change from Feb ‘07 |
Avg Days on Market |
% Change from Feb ‘07 |
|
30 |
-31.8% |
129 |
+16.2% |
Active Listings as of March 1, 2008
|
# of Homes for Sale |
Avg List Price |
Avg Days on Market |
|
560 |
$278,735 |
149 | |
