I know all of you out there are hanging on the edge of your seats waiting for the exciting new news about our market.... This is NO NEW NEWS! Inventory is continuing to decrease, foreclosure notices are decreasing and the number of trustee sales are decreasing. The experts of our area have officially stated that the "bottom" occurred in the last quarter of 2011 and that many areas have seen appreciation and prices are up 8% overall from the low point. The number of active listings is down 52% from a year ago and 79% of the pending listings are below $200,000.
     If there are any of you that are waiting for more good news to make your decision on whether or not to purchase a home this year, you are going to be left standing alone without a home. If anyone doubts me, please join me for a consultation on specific statistics in your area of interest and then we'll go out and shop for a home. You will see immediately that it is VERY difficult to purchase a home right now. Anything that's in good condition and priced within reason has 3-5 buyers lined up to buy it. Don't believe me? Give it a try, worst case scenario is you get a home!
Current Goodyear stats:
Active listings: 360
Pending and AWC: 446
Closed in last 30 days: 152-2.36 month supply
Stats on homes in Goodyear under $200,000-120 active, 102 closed in last 30 days=1.17 month supply. We have a shortage, get in line now!