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Green Valley AZ October 2012 Real Estate Statistics

by Judi Monday, Your Green Valley AZ Expert

A $200,000 Remodel & Magnificent Views That Will Take Your Breath Away

While October was definitely a busy month with 236 new listings coming on the market, active listings are slightly less at 755 in October 2012 as compared to to 810 in October 2011.  However, on a YTD basis new listings are up by 1.3% as compared to the same time period last year.

The big news is in the sold listings which are up by 20% YTD over the same time period with 851 sales in 2012 as compared to 707 in 2011.  Absorption rate, or the number of months of inventory on hand, has dropped nearly 23%, with a YTD of 10.16 months of inventory on hand as compared to 13.18 months in 2011.  

Average sales price jumped by 11.34% in October 2012 to $155,530 as compared to $139,691 in October 2011. 

Green Valley AZ September 2012 Real Estate Statistics

by Judi Monday, Your Green Valley AZ Expert

 

Ooh la la...Southwest Charmer Shows Like A Model Home!

For those of you who follow my Green Valley, AZ Real Estate Statistics blog, you'll see a whole new look this month.  As they say, a picture is worth a thousand words and the same can be said of graphs as well.  That's why, in addition to my monthly narrative, you'll now find access to a series of graphs. 

The greater Green Valley, AZ real estate market is definitely showing strong signs of improving on several fronts.  Inventory is down and sales are up...and while prices are still lagging slightly behind last year, they are on the increase as well.  As inventory continues to decline and sales remain up, prices will continue to improve as well. 

Absorption rate, or the number of months of inventory on hand has declined by 30% from this September over last September and is down by 20% for the year as compared to 2011.  Sales are up by 21.4% as compared to last year with the biggest increase being seen in the $300,000 to $400,000 price range which is up by 94.4% year to date over 2011.

(Click here for statistical graphs about the Greater Green Valley AZ Real Estate Market)

 

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Judi Monday
RE/MAX Valley Properties In Green Valley, AZ
210 West Continental Road
Green Valley AZ 85622
Direct: (520) 241-7780
Fax: (520) 648-2221