Sunday, November 9, 2008

Sunday Stats


photo credit to MiamiAmia,  via StockExchange.

Click here to see the entire Sunday Stats series, and for historical perspective.

110908It's encouraging to see a lot of green in the Pending numbers this week. I think of Pending's as leading indicators.

On the other hand, this is the 3rd week in a row that the overall average months of inventory number has increased. Not good. It's also the 3rd week of 4 in which I had to exclude ZIP code 85012 from the totals calculations, because the numbers there are so very, very bad.

Buyers, I'll say it again: 85012 is an incredibly good ZIP code in which to go bargain hunting. Sellers there should be about ready to give away the farm by now. And once the Light Rail starts running in December, things should steadily improve there.

There are some great hi-rise condos in this ZIP which offer a good potential for cash flow, if purchased as investments and you get a tenant.  I have a ready-made list of downtown Phoenix hi-rises for sale - email or call me if you'd like to receive the list, and updates whenever they hit the MLS.

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