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 ...
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News Article From: 04-20-2006


3rd Issue of April 2006



Area New Homes Market Status and Statistics





We have recently redirected the focus of this Market Status and Statistics article towards more specific current changes.  The format and information continue to encompass data history and trends; however, you will notice the shortening of timeframes in the graphs.




Subdivision Count



Now at 795 subdivisions, there are 124 more than four months ago.  Only one year ago in April of 2005, we recorded the lowest quantity of active subdivisions in at least the last five years at 471.  During the twelve months since then, a total of 324 subdivisions have been added to the count.  The number of subdivisions continues to steadily grow, and the market is headed toward the record set in May 2003 of 813.  We expect to exceed 800 subdivisions before next week!



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Spec Count



Currently, there are 3,313 spec homes, 1,271 more than four months ago.  The spec count has grown seven and a half times over since the lowest level (377) experienced a year ago in April of 2005.  The market now has 913 inventory units over the previous record count (2,400) prior to January 2006.  We expect see in excess of 3,400 spec inventory homes by next week as the count continues to climb.



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New Home Market Statistics Chart



The following chart shows historical activity for the last year in the greater Phoenix Metropolitan area per the Ultimate New Homes Database:



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