…especially under about $300,000 in price!

Listing/selling update as of July 26th (according to ARMLS, or Arizona Regional Multiple Listing Service):

• Active Listings (available for sale): 13,477 (approximately 1.8 months of inventory)
• In Escrow for closing of sale: 18,281
• Sold/closed in the last month: 7450

Among the homes available, over half the listings are under the  $250, 000 price point.

• Active Listings priced $250,000 and less: 7339
• Active Listings between $250,000 and $500,000: 3653
• Active Listings $500,000 to $1,000,000: 1544
• Active listings $1,000,000 plus:  1020

Where are the sales happening?  Below are the number of sales/closings occuring during the past month within the price ranges, and it becomes apparent that about 70% of buyers are looking for homes under the $250,000 price tag:

• Closed sale up to $250,000:  5780
• Closed sale between $250,000 and $500,000: 1366
• Closed sale between $500,000 and $1,000,000: 269
• Closed sale $1,000,000 plus: 78 
• Active Listings priced between $251,000 and $500,000: 3587

Looking for another sign that the housing bust is behind us? “Now there are signs that a true residential property recovery is under way. Exhibit A: Stocks of homebuilding companies have soared, with many doubling over the past nine months.” (Buying into a housing comeback, Fortune 7/15/2012)

Thinking of putting your house on the market?  Make sure to take these steps for success:

5 Tips to Prepare Your Home for Sale