El Mirage, AZ – Real Estate Market Data – September 2012
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September Property sales were 56, down 30.0% from 80 in September of 2011 and 5.1% lower than the 59 sales last month. September 2012 sales were at a mid level compared to September of 2011 and 2010. September YTD sales of 517 are running 30.4% behind last year’s year-to-date sales of 743.
The Median Sales Price in September was $100,000, up 42.9% from $70,000 in September of 2011 and up 9.9% from $91,030 last month. The Average Sales Price in September was $103,699, up 34.0% from $77,393 in September of 2011 and up 13.2% from $91,587 last month. September 2012 ASP was at the highest level compared to September of 2011 and 2010.
The Total Inventory of Properties available for sale as of September was 118, down 0.8% from 119 last month and down 22.4% from 152 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 2.1 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 37, equal to 37 days last month and down 51.3% from 76 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.