{"id":58,"date":"2006-03-03T09:18:00","date_gmt":"2006-03-03T16:18:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=58"},"modified":"2006-03-03T09:18:00","modified_gmt":"2006-03-03T16:18:00","slug":"down-but-not-for-the-count","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/58\/down-but-not-for-the-count\/","title":{"rendered":"Down but not for the count…"},"content":{"rendered":"

From The BloodhoundRealty.com Market-Basket of Homes<\/a> for February:<\/p>\n

“Home values are down for the second month in a row in the February 2006 BloodhoundRealty.com Market-Basket of Homes. Average sales prices dropped by 1.14%, just under $3,000, from $263,638 to $260,645.<\/p>\n

The weakness was felt mostly at the higher end of the price range. While a few homes sold for discounts from $10,000 to $30,000, compared to list price, many moderately priced homes sold for above list price. Discounting overall averaged -1.42%.<\/p>\n

A total of 145 of the homes Bloodhound tracks were sold in February. This is down from February 2005, when 254 homes sold. But it is up from February 2004, when 137 homes were sold. The homes averaged 58 days on market in February 2006, 17 days in February 2005 and 56 days in February 2004.<\/p>\n

Said BloodhoundRealty.com Broker Greg Swann, ‘While the media never tire of telling us that 2006 is not like 2005, which is obvious, it turns out that 2006 very strongly resembles the beginning of 2004, which was a completely normal real estate market.’<\/p>\n

In the overall Arizona Regional Multiple Listing Service, 6,168 properties sold in February of 2004 in an average of 61 days on market with an average of -2.4% discounting. In February of 2006, 5,868 properties sold in an average of 56 days on market with an average of -2.4% discounting.<\/p>\n

‘The real test,’ Swann said, ‘will be March, April and May, the traditional selling season. If those months are healthy, we’ll have a great year despite getting off to a slow start.'”<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

From The BloodhoundRealty.com Market-Basket of Homes for February: “Home values are down for the second month in a row in the February 2006 BloodhoundRealty.com Market-Basket of Homes. Average sales prices dropped by 1.14%, just under $3,000, from $263,638 to $260,645. The weakness was felt mostly at the higher end of the price range. While a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-58","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":63,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/63\/market-basket-of-homes-values-up-197-in-march\/","url_meta":{"origin":58,"position":0},"title":"Market-Basket of Homes: Values up 1.97% in March","author":"Odysseus","date":"April 5, 2006","format":false,"excerpt":"Home values were up a substantial 1.97% in the March 2006 BloodhoundRealty.com Market-Basket of Homes. Average sales prices were up more than $5,000, from $260,645 in February to $265,778 in March. Values are still down slightly more than $4,000 from the December 2004 high of $269,875. Market-Basket homes spent an\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":175,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/175\/market-basket-of-homes-values-down-183-on-slow-sales\/","url_meta":{"origin":58,"position":1},"title":"Market-Basket of Homes: Values down 1.83% on slow sales","author":"Greg Swann","date":"August 5, 2006","format":false,"excerpt":"Market-Basket of Homes: Values down 1.83% on slow sales The July BloodhoundRealty.com Market-Basket of Homes is available. Prices down, sales volumes down, but -- interestingly -- inventory is down. Make of it what you will:This fall in Valley schools, the faces of the teachers may change, but the kids may\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":612,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/612\/overall-october-real-estate-market-results-for-mls-listed-homes-in-the-phoenix-area-average-prices-up-177\/","url_meta":{"origin":58,"position":2},"title":"Overall October real estate market results for MLS listed homes in the Phoenix area — average prices up 1.77%","author":"Greg Swann","date":"November 7, 2006","format":false,"excerpt":"In the Arizona Regional Multiple Listings Service at large, 5,590 homes sold in October against an inventory of 47,069, an implied absorption rate of 8.42 months. There are 6,059 properties listed as \"Sale Pending.\" All of these numbers are very close to September's results.Number of Homes Sold (with Days on\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":514,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/514\/overall-september-real-estate-market-results-for-mls-listed-homes-in-the-phoenix-area\/","url_meta":{"origin":58,"position":3},"title":"Overall September real estate market results for MLS listed homes in the Phoenix area","author":"Greg Swann","date":"October 5, 2006","format":false,"excerpt":"In the Arizona Regional Multiple Listings Service at large, 5,607 homes sold in September against an inventory of 47,428, an implied absorption rate of 8.46 months. There are 5,932 properties listed as \"Sale Pending.\" The historical numbers make it plain that we did not experience the traditional selling season, but\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":308,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/308\/overall-august-real-estate-market-results-for-mls-listed-homes-in-the-phoenix-area\/","url_meta":{"origin":58,"position":4},"title":"Overall August real estate market results for MLS listed homes in the Phoenix area","author":"Greg Swann","date":"September 8, 2006","format":false,"excerpt":"In the Arizona Regional Multiple Listings Service at large, 6,170 homes sold in August against an inventory of 46,830, an implied absorption rate of 7.6 months. There are 6,185 properties listed as \"Sale Pending.\" All of these numbers are largely unchanged from July. The historical numbers make it plain that\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":601,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/601\/october-2006-bloodhoundrealtycom-market-basket-of-homes-values-down-407-on-normal-sales\/","url_meta":{"origin":58,"position":5},"title":"October 2006 BloodhoundRealty.com Market Basket of Homes: Values down 4.07% on normal sales . . .","author":"Greg Swann","date":"November 4, 2006","format":false,"excerpt":"The Phoenix-area real estate market's three-month experiment with stasis came to an abrupt end in October: Although sales levels were normal, as compared with October 2003, the most-recent October before the real estate boom, both asking and selling prices dropped precipitously among the homes tracked in the October 2006 edition\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/58","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=58"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/58\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=58"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=58"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}