The following stats are sourced from the Arizona Regional Multiple Listing Service (ARMLS) as of today, 3/29/12.
The data includes residential properties (houses, patio homes, town homes, and patio homes). It excludes land, multi-family properties (2+ units), commercial properties, mobile homes, and timeshares.
The search area covers a 40-mile radius centered on Phoenix Sky Harbor Airport, creating a circle with an 80-mile diameter.
Total Active Inventory: 11,627 units
Single Family Homes: 9,496 units
Patio Homes: 276 units
Condos/Town Homes/Other: 1,853 units
Total AWC/Pending Inventory: 20,011
Single Family Homes: 17,472 units
Patio Homes: 249 units
Condos/Town Homes/Other: 2,293 units
Trailing 30-Day Sales Data
Total Sales: 7,482 units
Single Family Homes: 6,335
Patio Homes: 133
Condos/Town Homes/Other: 1,014
Average Sales Price: $184,455
Median Sales Price: $131,000
If you have any questions about these stats or about the Greater Phoenix real estate market in general, feel free to post them below.
According to the J.D. Power and Associates 2009 New-Home Builder Customer Satisfaction Study, Phoenix has one of the highest levels of overall customer satisfaction, along with Orange/San Diego, CA, Sacramento, CA, Inland Empire, CA, and Tampa, FL.
Walk into any model home center in Arizona and you’ll see a the following phrase posted prominently on the door: