Glendale AZ – Real Estate Market Data – November 2011
Click here for full report – Glendale 2011-11
November Property sales were 376, up 4.4% from 360 in November of 2010 and 17.4% lower than the 455 sales last month. November 2011 sales were at a mid level compared to November of 2010 and 2009. November YTD sales of 5,149 are running 18.2% ahead of last year’s year-to-date sales of 4,357.
The Median Sales Price in November was $99,950, up 5.2% from $95,000 in November of 2010 and up 11.1% from $90,000 last month. The Average Sales Price in November was $115,735, up 3.9% from $111,415 in November of 2010 and up 0.4% from $115,242 last month. November 2011 ASP was at a mid range compared to November of 2010 and 2009.
Inventory & MSI
The Total Inventory of Properties available for sale as of November was 1,001, down 4.5% from 1,048 last month and down 49.8% from 1,994 in November of last year. November 2011 Inventory was at its lowest level compared with November of 2010 and 2009.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2011 MSI of 2.7 months was at its lowest level compared with November of 2010 and 2009.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for November was 51, up 2.0% from 50 days last month and down 16.4% from 61 days in November of last year. The November 2011 DOM was at a mid level compared with November of 2010 and 2009.
Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.