Ted's Journal

  Despite our negative appreciation, we are getting closer to working out of this mess.  Distressed properties still account for 2/3 of our sales.

As we ride the roller coaster of the markets, there are a few trends in Tempe that time will tell if we are moving in a positive direction. Foreclosures dropped in April while Sales leveled off with March. Rumors have the Valley getting dumped with Foreclosures that Lenders have be holding onto f...

  Most of this year we have enjoyed over 5000 Solds in any given 30 day period, but recently we started to fall below that number.  As lending guidelines tighten and Buyers/Sellers work out what the real price of homes should be, we are still building inventory.  For those that have been watching...

     SFR Condo/ Town SFR Condo/ Town       8/1/06 +/- 8/1/06 +/- Ahwatukee 592 58 -200 1 Chandler 1803 184 -528 -13 Gilbert 1928 66 -657 6 Maricopa 710 2 -64 1 Mesa 2638 577 -362 59 Queen Creek 1516 3 -771 -11 Tempe 374 193 -80 24  Total 9561 1083 -2662 67 

 2006 FSBO-South East Valley    March 276 April 189 May 228 June 171 July 159 August 207 September 182 October131November 98December 67

   Active - 43671 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Avg214132.36$ 467,462/$218.34$0 105117Pending - 5155 Properties FoundSquare FeetBedroomsBathsList PriceSale PriceAgent DOM Cumulative DOM Avg197732.27$ 379,704/$192.06$0 91104AWC - 619 Propertie...