Yes, we are off the highest level of single family homes for sale. In the "foothills," neighborhood (named due to elementary school) at Tatum and Bell in North East Phoenix, inventory levels of single family homes for sales peaked in September at 65 homes for sale. Today there are 54 homes for sale. That is a drop of 17%. This is one sign of what it will take to move from a buyer's market to a neutral market. I started tracking this neighborhood and a few others this year. I have been tracking the overall market for the past 3 years. What a great tool. I wish I was tracking back in 2003 and 2004. I would have forecast the "great sellers market" better.
For the past 11 years I have been the top agent in this neighborhood. My sales have dropped off, but I am still the top listing agent with 12% of the market share. My competition is 4 other agents with 2 sales each and then 73 one hit wonders. Not to sound rude, most of the agents are good agents. However, I get amazed at what some of the agents do. They just don't know the neighborhood very well and it can hurt their clients.
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Beautiful home located in Lane at Bel Esprit. Realistic sellers on price ~ This is NOT a short sale or REO! This 3 bedroom + loft can easily be converted to a 4 bedroom home. Backyard offers pebbletech play pool, stucco and painted walls, covered patio and colorful flowering. Inside you will find faux wood floors, gas fireplace, wood blinds, custom painting and decorative lighting. The kitchen offers raised panel cabinets, microwave and gas cooking. Home is convenient to 101 & 51 Freeways plus Desert Ridge, PV Mall, Kierland and a quick jump to downtown.
