Future of AZ Real Estate Market

Click the links below for the sales stats over the last three quarters to compare how sales have improved across all price ranges, especially for homes $250,000 and under.

Q4 sales in 2010

Q1 sales in 2011

Q2 sales in 2011

One of our real estate partners, Fletcher Wilcox, Real Estate Analyst from Grand Canyon Title reported that the MLS closed a record number of real estate sales this past month. The most promising figure was a 33% increase in the number of short sales which closed month over month (2,057 in May and 2,734 in June). This is very positive because it shows that banks are starting to finally get more aggressive with closing short sales and unloading inventory.

Click here for a full report on the Arizona real estate market. Thanks to Fletcher Wilcox, V.P. Business Development, Real Estate Analyst at Grand Canyon Title Agency, Inc. for the excellent report.