From the category archives:

Market Statistics

August Market Wrap Up

by Jon Griffith September 1, 2008

August 2008, a mere 3 years since the height of our most recent over-inflated boom, has come to a close. In August, we saw 5833 properties sell at an average sales price of $254,920. The average asking price on properties that sold in August was $245,818 and it took an average of 113 days for [...]

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Will We Hit 2003 Pricing?

by Jon Griffith August 23, 2008

It’s hard to say whether or not our market is continuing to correct. I have updated my Market Statistics page this evening and as you can see from the graph below, we are at 2004 pricing. Draw a line from 2001 to our current average sales price today and you’ll see that we’re where we [...]

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Interpreting Statistics: Sold Price vs. Asking Price

by Jon Griffith August 20, 2008

Statistics help us know what happened so we might prepare for what could happen based on the patterns we’ve observed.  It is very easy to manipulate statistics to show results that will help us gain your trust and confidence.  One of the statistics that I’ve been looking at in the Valley is the percentage of [...]

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Market Update as of August 18th

by Jon Griffith August 18, 2008

As of the beginning of the week we had a total of 54,674 homes for sale, including all residential property types. By the end of the day on Sunday, our levels had dropped 1.6% to 53,767. The average asking price at the beginning of the week was $408,161 which increased less than one percent. Average [...]

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Weekly Market Update

by Jon Griffith August 12, 2008

As usual, the graphs below, organized by week, outline the activity in the market since the beginning of the year. Inventory for all of ARMLS stands at 54,114 homes with an average asking price of $411,671. The average sales price over this period was $245,206. The average asking price for properties that sold during the [...]

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