Green Valley, AZ – Real Estate Market Data – September 2012
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September Property sales were 26, down 23.5% from 34 in September of 2011 and 38.1% lower than the 42 sales last month. September 2012 sales were at a mid level compared to September of 2011 and 2010. September YTD sales of 422 are running 17.9% ahead of last year’s year-to-date sales of 358.
The Median Sales Price in September was $101,750, down 11.5% from $115,000 in September of 2011 and down 12.5% from $116,250 last month. The Average Sales Price in September was $112,771, down 16.7% from $135,340 in September of 2011 and down 28.7% from $158,173 last month. September 2012 ASP was at the lowest level compared to September of 2011 and 2010.
The Total Inventory of Properties available for sale as of September was 336, up 9.4% from 307 last month and down 2.0% from 343 in September of last year. September 2012 Inventory was at its lowest level compared with September of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2012 MSI of 12.9 months was at a mid level compared with September of 2011 and 2010.
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 September was 103, down 34.8% from 158 days last month and down 10.4% from 115 days in September of last year. The September 2012 DOM was at its lowest level compared with September of 2011 and 2010.
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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.