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Phoenix and Scottsdale Real Estate Market Update – June 2012

June 18, 2012 by Carmen Brodeur

New data from the Cromford Report in Arizona has been released. Data clearly shows a decreasing supply of homes for sale, corresponding with increasing home values. Demand for homes has also increased dramatically with the Demand Index almost double the Supply Index. The Demand Index is listed at 112.7 and the Supply Index is 62.5, indicating that almost twice as many homes are desired as compared to what is currently on the market. The resurgence of multiple bidding wars is a clear indication of this as well. The median home price in Phoenix has risen from $130,000 in March to $145,500 in May of 2012. That is a huge surge in two short months. The year over year changes in monthly average sales per sq ft between May 2011 and May 2012 has also dramatically spiked anywhere from 26% to 60% depending on the area of the Valley.

Click to see more information about the current Scottsdale real estate market trends. Call Carmen Brodeur at (602) 791-0536 to schedule a showing of any homes in Scottsdale.

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com

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Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2022. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Your Scottsdale Real Estate Connection

Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

Our Office

We are conveniently located in North Scottsdale.

Trillium Properties, LLC
20715 N. Pima Road, Suite 108
Scottsdale AZ 85255
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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