Before last month, the last time there were more residential home sales, was 45 months ago in August 2005! May 2009 had a record number of sales (for the Greater Phoenix area) at 9,290 … compared to 8/2005 that boasted sales of 10,031.
Overall, May was an improving month for Arizona home sales. Comparatively, from those 9,290 homes sold – there were 3,653 more than the 5,637 homes sales that were recorded just one year ago in May 2008. Impressive!
Comparing April 2009 to May 2009, single family homes sold were both equal to 89% of the market sold; townhouses were still responsible for 5%, Apartment style/flats were at 3%, Patio homes at 1% and Manufactured/Mobile Housing, Gemini/Twin Homes, Lofts and Modular / Pre-Fab homes were each at less than 1% of home sales.
In May, there were 8,303 Single Family Homes sales, compared to April’s 7,663
(2nd column indicates patio home sales at less than 1% for both April & May; Figures provided by Fletcher Wilcox, Grand Canyon Title Agency # 602-648-1230 )
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