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Good Morning Arizona, sales continued at a brisk rate last week. We did not beat the shocking number of 2,034 that happened 2 weeks ago, but a strong showing with 1,901 sales. Remember those are Single Family Homes, SFH, that went under contract last week. That is an incredible number and now that we have posted 4 straight weeks with outstanding sales, it is time to declare a trend and not an outlier. Let's get to the rest of the numbers. Available SFH dropped to 39,339 and Pending hit a record high of 11, 418. For the closings year to date, we have 11,699.
As I stated before, these high sales are no big deal if they are a one hit wonder. However, now that this trend is staying consistent we can begin to forecast sales for the year. Based on the closings for January and February, which does not include these huge numbers of the past 4 weeks, we are on track to close 70,000 single family homes. That would be our 3rd best year for SFH home sales to 2004 and 2005. This housing recovery is underway. It is time to be in on it and take advantage of these low prices!
Remember, see those foreclosure homes before most brokers at www.ArizonaBankDeals.com
and
for those in trouble by this market, know your rights www.NoForeclosureAZ.com
Have a wonderful Day!
Just my opinion...Jeff Cameron
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