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November 2009 Valley Real Estate Market Report


The Melcher Agency

Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 11/01/07 - 11/30/09

KEY INFORMATION Nov-07

Nov-09

For Sale

265,000

Under Contract

249,900

Sold

241,943

Percent Change

169,900

-95,100

-35.9

128,500

-121,400

-48.6

131,000

-110,943

-45.9

MLS: ARMLS

Period:

Property Types:

Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)

All MLS:

Arizona Regional MLS

BrokerMetrics®

2 Years (Monthly)

Median Price Change

Price:

All

Construction Type:

All

Bedrooms:

All

Bathrooms:

All

Lot Size: All Sq Ft:

1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

All

12/17/09


The Melcher Agency

Market Dynamics Median Price (FS, UC, Sold) 2 Years (Monthly) 11/01/07 - 11/30/09

Time Period

FOR SALE Median $ # Properties

UNDER CONTRACT Median $ # Properties

SOLD Median $ # Properties

EXPIRED Median $ # Properties

NEW LISTINGS Median $ # Properties

Nov-09

169,900

48,499

128,500

5,985

131,000

7,354

199,000

3,791

147,000

10,544

Oct-09

169,900

49,405

130,000

7,427

130,000

7,895

199,000

4,023

149,000

12,780

Sep-09

169,990

48,440

129,900

7,849

130,000

7,667

200,000

3,966

144,900

12,213

Aug-09

171,950

48,473

129,900

8,162

127,500

7,784

199,900

4,084

139,900

12,189

Jul-09

175,000

49,538

126,900

8,297

126,900

8,860

208,000

4,957

139,900

12,472

Jun-09

179,000

52,012

129,900

9,789

125,990

9,093

215,000

5,157

139,900

12,315

May-09

179,900

54,886

127,900

9,401

120,000

9,042

219,900

5,788

145,000

10,705

Apr-09

177,000

60,760

120,815

10,500

115,500

8,355

199,900

6,079

149,000

10,864

Mar-09

173,398

66,101

120,000

9,221

120,000

7,424

180,000

6,984

139,900

13,972

Feb-09

174,900

65,926

122,900

6,985

125,000

5,316

179,000

6,812

149,900

12,381

Jan-09

179,000

68,074

129,900

5,719

130,000

4,596

199,900

8,810

160,000

13,441

Dec-08

179,900

67,278

137,500

4,880

144,000

5,406

199,900

7,765

138,900

11,668

Nov-08

189,500

67,034

147,500

4,338

151,900

4,265

210,000

7,086

155,900

12,140

Oct-08

195,000

67,477

152,000

4,940

165,000

5,261

219,000

7,643

161,500

14,335

Sep-08

200,000

66,309

167,000

5,271

172,500

5,979

225,000

7,896

169,900

13,929

Aug-08

212,500

65,551

175,000

5,484

186,000

5,494

232,000

7,687

175,000

13,261

Jul-08

220,000

67,986

189,000

6,896

192,900

5,796

238,925

8,800

181,000

13,196

Jun-08

229,900

70,061

199,900

6,106

204,900

5,573

249,800

9,165

192,000

13,250

May-08

239,000

71,202

210,000

5,688

210,000

5,446

252,000

8,703

205,000

12,746

Apr-08

244,900

72,552

219,900

5,473

217,000

4,663

249,900

8,623

219,900

13,457

Mar-08

249,900

71,916

224,707

4,571

218,000

4,130

260,000

8,250

224,900

13,173

Feb-08

250,000

70,484

226,354

3,871

220,000

3,288

260,000

7,870

232,000

12,700

Jan-08

255,182

70,177

229,900

3,441

227,350

2,780

260,000

8,952

239,999

15,540

Dec-07

260,000

67,846

239,900

2,777

235,000

3,254

269,900

10,432

239,000

8,706

Nov-07

265,000

70,970

249,900

3,103

241,943

3,193

274,900

8,727

245,000

11,284

BrokerMetrics®

2 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

12/17/09


The Melcher Agency

Market Dynamics Sold Average vs. Median Price 2 Years (Monthly) 11/01/07 - 11/30/09

KEY INFORMATION Nov-07

Nov-09

Price Change

Percent Change

Average

325,661

175,834

-149,826

-46.0

Median

241,943

131,000

-110,943

-45.9

MLS: ARMLS

Period:

Property Types:

Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)

All MLS:

Arizona Regional MLS

BrokerMetrics®

2 Years (Monthly)

Price:

All

Construction Type:

All

Bedrooms:

All

Bathrooms:

All

Lot Size: All Sq Ft:

1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

All

12/17/09


The Melcher Agency

Market Dynamics Sold Average vs. Median Price 2 Years (Monthly) 11/01/07 - 11/30/09

Time Period

# Properties Sold

Sold Average $

Sold Median $

Average $ - Median $

Median $ as % of Average $

Sold Avg DOM

Nov-09

7,354

175,834

131,000

44,834

74.5

90

Oct-09

7,895

171,757

130,000

41,757

75.7

89

Sep-09

7,667

176,105

130,000

46,105

73.8

93

Aug-09

7,784

172,160

127,500

44,660

74.1

99

Jul-09

8,860

177,243

126,900

50,343

71.6

110

Jun-09

9,093

172,123

125,990

46,133

73.2

116

May-09

9,042

164,121

120,000

44,121

73.1

120

Apr-09

8,355

160,046

115,500

44,546

72.2

122

Mar-09

7,424

160,099

120,000

40,099

75.0

127

Feb-09

5,316

173,449

125,000

48,449

72.1

122

Jan-09

4,596

181,407

130,000

51,407

71.7

114

Dec-08

5,406

191,964

144,000

47,964

75.0

108

Nov-08

4,265

205,438

151,900

53,538

73.9

111

Oct-08

5,261

212,938

165,000

47,938

77.5

115

Sep-08

5,979

220,085

172,500

47,585

78.4

101

Aug-08

5,494

239,435

186,000

53,435

77.7

114

Jul-08

5,796

251,167

192,900

58,267

76.8

124

Jun-08

5,573

267,460

204,900

62,560

76.6

132

May-08

5,446

275,224

210,000

65,224

76.3

127

Apr-08

4,663

283,750

217,000

66,750

76.5

135

Mar-08

4,130

299,636

218,000

81,636

72.8

131

Feb-08

3,288

299,108

220,000

79,108

73.6

138

Jan-08

2,780

318,886

227,350

91,536

71.3

138

Dec-07

3,254

318,609

235,000

83,609

73.8

129

Nov-07

3,193

325,661

241,943

83,718

74.3

119

BrokerMetricsÂŽ

2 of 2 Information not guaranteed. Š 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

12/17/09


The Melcher Agency

Market Dynamics Basic Absorption 2 Years (Monthly) 11/01/07 - 11/30/09

KEY INFORMATION Nov-07

Nov-09

Change

Percent Change

92.9

3,103

5,985

2,882

New

11,284

10,544

-740

-6.6

Residual Inventory

48,488

30,135

-18,353

-37.9

Under Contract

MLS: ARMLS

Period:

Property Types:

Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)

All MLS:

Arizona Regional MLS

BrokerMetrics®

2 Years (Monthly)

Price:

All

Construction Type:

All

Bedrooms:

All

Bathrooms:

All

Lot Size: All Sq Ft:

1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

All

12/17/09


The Melcher Agency

Market Dynamics Basic Absorption 2 Years (Monthly) 11/01/07 - 11/30/09 Time Period

# Properties Under Contract

# New Properties Listed

# Residual Inventory Properties

Under Contract / New %

Under Contract / Residual Inventory %

Nov-09

5,985

10,544

30,135

56.76

19.86

Oct-09

7,427

12,780

27,971

58.11

26.55

Sep-09

7,849

12,213

27,340

64.27

28.71

Aug-09

8,162

12,189

27,134

66.96

30.08

Jul-09

8,297

12,472

26,983

66.53

30.75

Jun-09

9,789

12,315

28,072

79.49

34.87

May-09

9,401

10,705

31,490

87.82

29.85

Apr-09

10,500

10,864

35,569

96.65

29.52

Mar-09

9,221

13,972

38,466

66.00

23.97

Feb-09

6,985

12,381

41,471

56.42

16.84

Jan-09

5,719

13,441

41,674

42.55

13.72

Dec-08

4,880

11,668

44,328

41.82

11.01

Nov-08

4,338

12,140

44,640

35.73

9.72

Oct-08

4,940

14,335

42,210

34.46

11.70

Sep-08

5,271

13,929

40,782

37.84

12.92

Aug-08

5,484

13,261

40,706

41.35

13.47

Jul-08

6,896

13,196

40,769

52.26

16.91

Jun-08

6,106

13,250

42,899

46.08

14.23

May-08

5,688

12,746

45,208

44.63

12.58

Apr-08

5,473

13,457

46,117

40.67

11.87

Mar-08

4,571

13,173

46,843

34.70

9.76

Feb-08

3,871

12,700

46,861

30.48

8.26

Jan-08

3,441

15,540

43,289

22.14

7.95

Dec-07

2,777

8,706

46,376

31.90

5.99

Nov-07

3,103

11,284

48,488

27.50

6.40

BrokerMetricsÂŽ

2 of 2 Information not guaranteed. Š 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

12/17/09


The Melcher Agency

Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 11/01/07 - 11/30/09

KEY INFORMATION Nov-07

Nov-09

# Units Change

Percent Change

For Sale

70,970

48,499

-22,471

-31.7

Under Contract

3,103

5,985

2,882

92.9

Sold

3,193

7,354

4,161

130.3

MLS: ARMLS

Period:

Property Types:

Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)

All MLS:

Arizona Regional MLS

BrokerMetrics®

2 Years (Monthly)

Price:

All

Construction Type:

All

Bedrooms:

All

Bathrooms:

All

Lot Size: All Sq Ft:

1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

All

12/17/09


The Melcher Agency

Market Dynamics Supply & Demand - # Units (FS, UC, Sold) 2 Years (Monthly) 11/01/07 - 11/30/09

Time Period

FOR SALE # Properties Average DOM

UNDER CONTRACT # Properties Average DOM

SOLD # Properties Average DOM

EXPIRED # Properties Average DOM

NEW LISTINGS # Properties

Nov-09

48,499

139

5,985

77

7,354

90

3,791

176

10,544

Oct-09

49,405

156

7,427

80

7,895

89

4,023

182

12,780

Sep-09

48,440

175

7,849

84

7,667

93

3,966

189

12,213

Aug-09

48,473

188

8,162

87

7,784

99

4,084

188

12,189

Jul-09

49,538

201

8,297

95

8,860

110

4,957

203

12,472

Jun-09

52,012

211

9,789

111

9,093

116

5,157

202

12,315

May-09

54,886

220

9,401

122

9,042

120

5,788

198

10,705

Apr-09

60,760

221

10,500

123

8,355

122

6,079

191

10,864

Mar-09

66,101

220

9,221

124

7,424

127

6,984

184

13,972

Feb-09

65,926

227

6,985

126

5,316

122

6,812

179

12,381

Jan-09

68,074

233

5,719

123

4,596

114

8,810

201

13,441

Dec-08

67,278

235

4,880

113

5,406

108

7,765

186

11,668

Nov-08

67,034

237

4,338

107

4,265

111

7,086

181

12,140

Oct-08

67,477

236

4,940

108

5,261

115

7,643

178

14,335

Sep-08

66,309

237

5,271

115

5,979

101

7,896

180

13,929

Aug-08

65,551

237

5,484

106

5,494

114

7,687

185

13,261

Jul-08

67,986

233

6,896

119

5,796

124

8,800

176

13,196

Jun-08

70,061

232

6,106

124

5,573

132

9,165

179

13,250

May-08

71,202

232

5,688

128

5,446

127

8,703

175

12,746

Apr-08

72,552

231

5,473

130

4,663

135

8,623

173

13,457

Mar-08

71,916

232

4,571

133

4,130

131

8,250

175

13,173

Feb-08

70,484

234

3,871

134

3,288

138

7,870

169

12,700

Jan-08

70,177

234

3,441

136

2,780

138

8,952

166

15,540

Dec-07

67,846

234

2,777

139

3,254

129

10,432

169

8,706

Nov-07

70,970

227

3,103

124

3,193

119

8,727

158

11,284

BrokerMetrics®

2 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

12/17/09


The Melcher Agency

Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 11/01/07 - 11/30/09

KEY INFORMATION Nov-07

Nov-09

Change

Percent Change

MSI

19

6

-13

-66.1

DOM

124

77

-46

-37.6

MLS: ARMLS

Period:

Property Types:

Residential: (Single Family-Detached, Patio Home, Townhouse, Apartment, Loft)

All MLS:

Arizona Regional MLS

BrokerMetrics®

2 Years (Monthly)

Price:

All

Construction Type:

All

Bedrooms:

All

Bathrooms:

All

Lot Size: All Sq Ft:

1 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

All

12/17/09


The Melcher Agency

Market Dynamics Months Supply of Inventory (MSI) 2 Years (Monthly) 11/01/07 - 11/30/09 Time Period

Months Supply of Inventory

NAR MSI

# Properties For Sale Last Day of Month

# Properties Under Contract

Under Contract Average DOM

# Properties Sold

Nov-09

6.5

5.3

38,723

5,985

77

7,354

Oct-09

5.1

4.8

37,955

7,427

80

7,895

Sep-09

4.7

4.8

36,625

7,849

84

7,667

Aug-09

4.4

4.7

36,227

8,162

87

7,784

Jul-09

4.4

4.1

36,284

8,297

95

8,860

Jun-09

3.8

4.1

37,066

9,789

111

9,093

May-09

4.2

4.4

39,697

9,401

122

9,042

Apr-09

4.2

5.3

44,181

10,500

123

8,355

Mar-09

5.4

6.7

49,896

9,221

124

7,424

Feb-09

7.5

9.8

52,129

6,985

126

5,316

Jan-09

9.4

11.7

53,545

5,719

123

4,596

Dec-08

11.2

10.1

54,633

4,880

113

5,406

Nov-08

12.8

13.0

55,610

4,338

107

4,265

Oct-08

11.1

10.4

54,894

4,940

108

5,261

Sep-08

10.1

8.9

53,142

5,271

115

5,979

Aug-08

9.6

9.5

52,380

5,484

106

5,494

Jul-08

7.6

9.0

52,290

6,896

119

5,796

Jun-08

9.0

9.8

54,790

6,106

124

5,573

May-08

10.0

10.4

56,811

5,688

128

5,446

Apr-08

10.7

12.5

58,456

5,473

130

4,663

Mar-08

12.9

14.3

59,095

4,571

133

4,130

Feb-08

15.2

17.9

58,743

3,871

134

3,288

Jan-08

16.8

20.8

57,784

3,441

136

2,780

Dec-07

19.7

16.8

54,637

2,777

139

3,254

Nov-07

19.1

18.5

59,140

3,103

124

3,193

BrokerMetrics®

2 of 2 Information not guaranteed. © 2009 - 2010 Terradatum and its suppliers and licensors (http://www.terradatum.com/metrics/licensors).

12/17/09


MARKET CONDITION REPORT

MARICOPA COUNTY DECEMBER 2009                     HISTORICAL INFORMATION  PHOENIX AREA                         DECEMBER 2009 .

MONTH Nov‐08 Dec‐08 Jan‐09 Feb‐09 Mar‐09 Apr‐09 May‐09 Jun‐09 Jul‐09 Aug‐09 Sep‐09 Oct‐09 Nov‐09

PERCENT CLOSING CLOSINGS CLOSINGS CLOSINGS CLOSINGS PERCENT  PRICE REO SHORT STANDARD SELLING CHANGE EVALUATED $156,000 3,446 1,626 301 1,519 40% $146,000 ‐$10,000 4,316 2,405 375 1,536 43% $130,300 ‐$15,700 3,728 2,505 346 877 37% $127,950 ‐$2,350 4,222 2,858 390 974 46% $121,000 ‐$6,950 5,944 4,067 595 1,282 55% $119,900 ‐$1,100 6,623 4,388 667 1,568 62% $ $$4,550 $124,450 7,227 4,612 804 1,811 66% $134,550 $10,100 7,056 3,956 1,054 2,046 70% $130,000 ‐$4,550 7,952 4,290 1,240 2,422 69% $130,000 $0 7,018 3,577 1,371 2,070 72% $135,000 $5,000 6,863 3,314 1,287 2,262 72% $134,621 ‐$379 6,969 3,100 1,333 2,536 71% $135,000 $379 6,598 2,644 1,377 2,577 72% TOTALS ‐$21,000 77,962 43,342 11,140 23,480 AVERAGE ‐$1,750 5,997 56% 14% 30% 59% Historical Information for Nov‐09 is a close estimate only‐subject to future revision

OVERALL MARKET AREA

ON MARKET (SUPPLY)

CLOSED MONTH (DEMAND)

FAIL MONTH

IN ESCROW

PERCENT SELLING

TIME TO SELL (DAYS)

MONTHS SUPPLY

MARKET SPEED

MEDIAN ASK PRICE

MEDIAN IN ESCROW PRICE

MEDIAN CLOSE PRICE

Anthem A th 227 64 10 98 87% 76 3 3.5 5 56 $219 $195 $190 Avondale 524 189 42 259 82% 69 2.8 71 $115 $110 $107 Chandler 1,405 330 128 450 72% 85 4.3 46 $225 $199 $195 Fountain Hills 392 38 40 40 49% 157 10.4 19 $542 $397 $384 Gilbert 1,667 377 134 528 74% 81 4.4 45 $211 $193 $194 Glendale 1,194 397 112 519 78% 72 3.0 65 $135 $114 $120 Goodyear 706 178 72 259 71% 75 4.0 50 $180 $145 $148 Mesa 2,405 591 202 733 75% 86 4.1 48 $170 $133 $137 Peoria 1,179 268 85 391 76% 82 4.4 45 $200 $160 $165 Phoenix 6,293 1,652 605 2,289 73% 79 3.8 52 $159 $100 $105 Queen Creek 1,117 356 106 506 77% 66 3.1 63 $130 $110 $120 Scottsdale 3,192 345 313 483 52% 150 9.3 21 $699 $400 $400 Sun City 469 64 38 89 63% 116 7.3 27 $149 $135 $135 Surprise 1,388 334 97 484 77% 75 4.2 47 $150 $130 $139 Tempe 491 90 51 108 64% 77 5.5 36 $219 $175 $183 TOTALS 22,649 5,272 2,035 7,236 72% 84 4.3 46 $190 $130 $135 MARKET SPEED measures the rate of conversion of listings to closings. The higher this number, the faster the market is converting. The  area with the highest speed is the "quickest" market area or segment and is the most desirable to buyers. (Red font in Median In Escrow  Price column signals possible expected price weakness.) Market Speed has declined from 61 in July, to 51 in September, to the current 46. Overall, the gradual slowing trend continues. Months  Supply is beginning to increase implying that demand is declining faster than supply. These changes are small and difficult to detect, but  persistent.   Prices are mixed with Ask and In Escrow Prices declining and Closing Price unchanged at $135K. In general, REO and Short prices are  steady, while Standards are displaying price weakness that is likely to persist in the near term.  All other things being equal, look for this trend of diminishing activity, accented by gradually reduced REO influence, to continue through  the usual holiday cycle.  Significant market events most likely await the onset of the Spring selling cycle.

Information believed accurate but not guaranteed.  Estimates based on generally accepted statistical sampling practices.


MARICOPA COUNTY MARKET CONDITION REPORT REO ONLY

DECEMBER 2009

AREA Anthem Avondale Chandler Fountain Hills Gilbert Glendale Goodyear Mesa Peoria Phoenix Q Queen Creek C k Scottsdale Sun City Surprise Tempe TOTALS

DECEMBER 2009 MEDIAN ASK PRICE

MEDIAN IN ESCROW PRICE

MEDIAN CLOSE PRICE

330 205 122 76 139 174 134 135 140 152 201 87 103 169 79 145

$207 $110 $176 $433 $175 $110 $155 $143 $160 $99 $155 $387 $122 $138 $162 $151

$140 $110 $163 $400 $179 $103 $131 $120 $126 $85 $112 $332 $127 $125 $155 $123

$170 $100 $161 $339 $173 $100 $135 $117 $130 $79 $115 $340 $125 $130 $151 $120

MONTHS SUPPLY

MARKET SPEED

MEDIAN ASK PRICE

MEDIAN IN ESCROW PRICE

MEDIAN CLOSE PRICE

6.6 7.5 4.3 7.7 4.5 3.7 43 4.3 3.9 4.4 4.4 4.2 4.8 5.2 9.4 4 4.2 2 4.6

30 26 46 26 44 53 46 51 45 45 47 41 38 21 47 43

$175 $105 $190 $350 $180 $120 $140 $140 $174 $125 $115 $400 $141 $125 $165 $161

$180 $100 $199 $235 $185 $125 $137 $133 $165 $110 $110 $350 $136 $125 $159 $149

$178 $106 $188 $400 $175 $119 $145 $140 $165 $117 $105 $385 $135 $128 $160 $155

TIME TO SELL (DAYS)

MONTHS SUPPLY

MARKET SPEED

MEDIAN ASK PRICE

MEDIAN IN ESCROW PRICE

MEDIAN CLOSE PRICE

54 48 61 157 61 63 70 84 74 76 47 138 114 72 68 77

3.2 2.6 39 3.9 14.2 3.8 3.1 4.1 4.9 5.0 4.7 2 2.2 2 12.8 9.2 4.1 6.4 5.1

61 77 50 14 52 64 48 41 39 41 89 15 22 48 31 38

$305 $143 $274 $610 $280 $199 $245 $210 $276 $243 $180 $859 $155 $230 $265 $383

$250 $119 $227 $495 $220 $123 $200 $159 $200 $110 $113 $535 $135 $166 $240 $190

$225 $125 $237 $395 $215 $133 $163 $156 $185 $145 $125 $435 $139 $165 $229 $191

PERCENT SELLING

TIME TO SELL (DAYS)

MONTHS SUPPLY

MARKET SPEED

97% 97% 91% 89% 95% 95% 90% 92% 94% 93% 95% 90% 90% 96% 92% 93%

33 47 70 136 59 56 54 68 59 63 41 133 84 48 56 63

.6 1.0 16 1.6 2.6 1.4 1.1 1.5 1.5 1.4 1.3 1 1.0 0 2.3 1.9 1.2 2.5 1.35

TIME TO SELL (DAYS)

145 146 154 210 138 126 121 123 136 125 141 202 219 129 137 137

ON MARKET (SUPPLY)

CLOSED MONTH (DEMAND)

FAIL MONTH

IN ESCROW

10 95 164 33 158 209 105 349 155 1,009 128 209 34 156 72 2,886

17 99 102 13 112 184 72 239 110 780 130 92 18 134 29 2,130

1 4 10 2 6 11 8 21 7 61 7 11 2 6 3 156

15 107 132 13 124 204 92 231 120 836 126 102 20 157 28 2,307

ON MARKET (SUPPLY)

CLOSED MONTH (DEMAND)

FAIL MONTH

IN ESCROW

PERCENT SELLING

127 300 641 77 886 573 321 946 539 2,542 672 661 68 721 139 9,213

19 40 150 10 198 153 75 244 122 583 161 139 13 77 33 2,017

4 26 49 9 66 53 28 72 38 220 54 65 6 47 17 754

57 85 169 9 237 173 98 261 173 783 224 173 16 201 33 2,692

83% 61% 75% 54% 75% 74% 73% 77% 76% 73% 75% 68% 68% 62% 66% 73%

ON MARKET (SUPPLY)

CLOSED MONTH (DEMAND)

FAIL MONTH

IN ESCROW

PERCENT SELLING

90 129 602 282 624 414 281 1,112 486 2,745 317 2,325 367 511 283 10,568

28 50 153 20 164 136 68 229 96 578 144 182 40 124 44 2,056

5 13 70 29 62 49 36 109 41 324 44 237 29 45 31 1,126

26 67 150 18 168 144 71 243 98 673 157 208 53 126 47 2,249

85% 80% 69% 40% 73% 74% 65% 68% 70% 64% 76% 43% 58% 73% 58% 65%

SHORT SALE ONLY AREA Anthem Avondale Chandler Fountain Hills Gilbert Glendale Goodyear Mesa Peoria Phoenix Queen Creek Scottsdale Sun City Surprise T Tempe TOTALS

STANDARD ONLY AREA Anthem Avondale Chandler Fountain Hills Gilbert Glendale Goodyear Mesa Peoria Phoenix Q Queen Creek C k Scottsdale Sun City Surprise Tempe TOTALS

Information believed accurate but not guaranteed.  Estimates based on generally accepted statistical sampling practices.


November 2009 State of the market