Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...
More Phoenix homeowners have equity now Fewer metro Phoenix homeowners are underwater now, according to CoreLogic. Approximately 19.5% of the Valley's homeowners owed more than their house is worth as of June 30, down from 21% at the end of this year's first quarter. At the worst of the housing cra ...
Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...
Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...
Click Here for All Articles
From Date       To Date

News Article From: 07-09-2009

1st Issue of July 2009



Current New Homes Market



6-Month Spec Count


The spec inventory count is now at 1,573 units, 916 less than six months ago.  The spec count has dropped significantly in the past five weeks.  It has dropped below the historical (before the current market conditions) record number of 2,400.


<!--[if !vml]--><!--[endif]--> 

What we count as specs are the individual properties which each subdivision chooses to report to us to be included in our system for ARMLS affiliates.  The degree of completion will vary from builder to builder and from one subdivision to another.  We believe our count is very conservative, as some subdivisions do not report all of their specs to us.




6-Month Subdivision Count


Now at 620, there are 205 less subdivisions than six months ago.  The number of new home subdivisions continues to decline.


<!--[if !vml]--><!--[endif]--> 

The subdivision count data we report comes from the Ultimate New Homes (UNH) database, which covers the entire Phoenix metro market area and approximates the area covered by the Arizona Regional Multiple Listing Service (ARMLS).  Ultimate New Homes covers all of Maricopa County (74% of UNH subs) and significant portions of Pinal County (23% of UNH subs) as well as a few locations outside of these counties (primarily in Yavapai County) (3% of UNH subs). 




The UNH database covers both single family detached and attached homes.  Subdivisions and developments are included in the UNH database when they:


  • Co-broke with Realtors¨


  • Typically build standardized plans (a tract type product)


  • Have at least five lots or homes available for sale in that particular subdivision


  • Are willing to provide and update detailed subdivision information


  • Have established pricing for the homes within the subdivision



This database is very comprehensive relative to tract construction of single family detached homes.  In addition to new attached homes, a few selected condo conversions are also included within the UNH system.



New Home Market Statistics Chart


The following chart shows the last six months new home activity measures for the greater Phoenix Metropolitan area per the Ultimate New Homes Database:
<!--[if !supportLineBreakNewLine]-->


<!--[if !vml]--><!--[endif]--> 

*The data above reflects numbers from every other week for the past six months.


Copyright¨ 2009 - This information is compiled and written by Ultimate Information Systems, Inc. Use of this article, in part or in its entirety, is expressly prohibited without written permission.  Click here to request limited rights to reuse this information.

Invest With Leonid © 2007
A CompuGor Website