BloodhoudRealty.com is your ideal Realtor in the Phoenix / Scottsdale area, whether you're buying, selling, relocating or investing in a home.
BloodhoudRealty.com is devoted, dedicated and determined in serving your home buying, selling or investing needs in the Phoenix / Scottsdale area.
Find your perfect home in the Phoenix / Scottsdale area with The Bloohound Realty Group! Find the perfect neighborhood in the Phoenix / Scottsdale area with The Bloohound Realty Group! Homes in the Phoenix / Scottdale area served by BloodhoudRealty.com feature dramatic floorplans. To complete the experience of owning an Arizona home, BloodhoudRealty.com can help you find a great house in the Phoenix / Scottsdale area with a great pool like ths one!

Sunday, March 19, 2006


Another news drought?

Catherine Reagor in the Arizona Republic asks, "Another price dip?":
Valley resales figures for February are due out this week. And early analysis from Arizona State University's Real Estate Center shows the median price might have dipped slightly again.

In January the median price of all resales was $257,000. They hit a high of $263,000 in September.
Might have dipped? Readers here have known since March 3rd that prices were down in February. As we reported last week, values are up for the month of March so far and for 2006 year-to-date. However: Around half of all residential real estate transactions close in the last ten days of the month. The numbers have been volatile so far, and we still could end the month on a down note. Days on Market is keeping pace with February, so far, at an average of 57 days. A total of 97 transactions have closed so far. This information is current as of 6:45am Sunday, when no one at either ASU or the Republic is working.

It's important to remember that both our analysis and ASU's are trailing indicators. The houses that close in March will have gone under contract in February and before, for the most part. In consequence, while reports of past results offer a general guide to the health of the real estate market, they don't tell us very much about what is happening right now. Of course, the relative lack of utility of the numbers is substantially enhanced by ASU's dilatory habits, but you can always turn to the BloodhoundRealty.com Market-Basket of Homes for a better, much earlier snapshot of the marketplace.

posted by Greg Swann | 6:44 AM  

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home


Selling | Buying | Investing | Relocation | Current listings | About us
Find your ideal new home | Get a Market Analysis of your home
Search MLS listings | Make an appointment | Our offices
Tell your friends about us | Email Bloodhound | Home

BloodhoudRealty.com is a member of the Arizona Association of Realtors and the Arizona Regional Multiple Listing Service -- the MLS in the Phoenix / Scottsdale area.    BloodhoudRealty.com is a member of the National Association of Realtors, the ethical standards-setting body of the real estate industry.    BloodhoudRealty.com is an Equal Housing Realtor. We have had supplemtal classes in Fair Housing issues and have earned the At Home With Diversity designation.

Voted
Real Estate
real estate
Excellence
Award

BloodhoundRealty.com, LLC | Designated Broker: Greg Swann
Webmaster: Greg Swann | © 2005 BloodhoundRealty.com


RSS Feed


Powered by Blogger