April 9, 2009

March Inventory Update

Hello Friends,

New figures are out, and we are seeing a dramatic decrease in inventory levels.  If you are waiting for the time to buy, it looks like the time is near, if it isn’t here already.  We are seeing many situations where we have as many as 14 bids on just one property.  Don’t believe me?  Look at this table:

  Dec-08 Jan-09 Feb-09 Mar-09
All 10.39344 12.83063 11.15896 7.970189
Ahwatukee 10.16667 11.25714 11.55714 8.861702
Apache Junction 13.12 13.73469 13.54 7.517647
Chandler 8.135036 12.59893 12.625 8.119205
Gilbert 7.993289 11.03493 9.949612 8.060976
Maricopa 7.928994 9.694444 8.666667 5.370656
Mesa 10.11514 13.19098 10.97345 7.65047
Scottsdale 17.95468 25.09486 22.38621 17.97003
Tempe 10.81111 18.01754 14.77465 14.51351
Queen Creek 6.698551 8.219081 7.590164 5.135945

Cheers,

Steve

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