Phoenix Az Homes For Sale

Investors Driving Phoenix-Area Home Sales to Record Levels

The region's median price remained at essentially the same level - $120,000 - it's been at the past six months as distressed property sales continued to account for around two-thirds of the resale market. The median price dropped sharply from a year earlier, however, as the number of homes selling below $100,000 shot up nearly 41 percent year-over-year, a real estate information service reported. May's total sales were the highest since 2007, when 10,112 homes sold, and were 8.6 percent short of the average number of May sales since 1994. However, the number of existing (not new) resale single-family detached houses that sold in May was the highest for that month since 2005, while resales of condos were the highest for a May since 2006. The new-home market remained troubled, however, with sales at the lowest level for a May in 14 years. For the past six months the median has vacillated between $119,000 and $120,000 - the lowest levels since late 1998. This reflects several factors, including: recent home price erosion; the high numbers of investors, who target lower-cost homes, especially foreclosures; and an unusually low percentage of new-home sales coupled with an above-average share of existing (not new) condo sales. In May 6.8 percent of sales were new homes, which on average are more expensive than other home types, compared with 10.1 percent a year ago and a 10-year monthly average of 26 percent of sales. Resale condos, which tend to be the most affordable home type, made up 12.6 percent of May's transactions, compared with 10.7 percent a year ago and a 10-year monthly average of 10.0 percent. Another key price gauge analysts watch, the median price paid per square foot for existing single-family detached houses, rose a tad to $67 in May, up from $66 the month before but down 10.7 percent from a year ago. It was the ninth consecutive month in which the median paid per square foot dipped year-over-year.  May's figure was 60.8 percent below the $171 peak in May and June of 2006. Absentee buyers, who are mainly investors, purchased 45.3 percent of all Phoenix-area homes sold in May, down from 46.3 percent in April and a record 47.1 percent in March, but up from 37.8 percent a year earlier. Absentee buyers, who paid a median $101,000 in May, can include second-home purchasers and others who indicate at the time of sale that the property tax bill will go to a different address. Cash buyers represented 42.0 percent of all sales in May, down from 44.

The best choice of stands under your TV! | Homes for Sale Phoenix, AZ

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AZ Rent to Own Homes (Phoenix)

AZ Rent to Own Homes (Phoenix)

Rent to Own Homes in Phoenix Arizona (pic) [real estate >> real estate for sale | phoenix, az 85037]

Phoenix Rent to Own Homes- 14202 N 38th St Phoenix AZ, 85302- Lease Option Homes For Sale

Report of the conference of the Tax Commission, Boards of Supervisors and County Assessors of the State of Arizona

Board of Equalization, Court House. Phoenix, Arizona. ... described property and advise that they consider the actual sale value of the three lots in ...

The Phoenix Jobbank

PALM HARBOR HOMES lNC. 309 South Perry Lane, Tempe AZ 85281. ... principal business is the construction and sale of moderately priced, single-family homes. ...

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GOLDEN STATE FOODS CORPORATION PO Box 46000, Phoenix AZ 85063. ... and designs and assembles buses for sale in-house and to other transportation companies. ...

The National JobBank 2005

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