Lucas News and Real Estate Report
Median Price Graph
    11/12   12/12    1/13    2/13   3/13   4/13
Phoenix
 $155K   $153K  $155K   $160K  $168K   $172K 
Tempe  $166K  $169K   $170K  $169K   $173K  $178K
Chandler  $190K  $199K  $195K  $200K  $214K  $207K


Phoenix Real Estate Market Stats, Charts, and Reports
Click here for a charts and graphs overview.
Click here for a summary of all the pertinent numbers.
Check these reports and more anytime on the How's The Market section of our website.


- Good news this month is grounds for optimism. Home sales rose 7.4% in April for
the third month in a row.  Not bad for a market that is very short on inventory.   Home
values showed positive gains, continuing the steadily upward pace.
 
- The influence of distressed sales on total sales continues to wane, having fallen
from a high of 70.7% of total sales in February 2011 to the current 24.1%.
 
- On the economic front, the US unemployment rate dropped to 7.5% with the addition
of 165,000 new jobs in April, scoring the lowest unemployment figure since December 08.

- The reaction to the US employment figures sent the stock market over the
psychological barrier of 15,000 on the Dow.
 
- Inventory levels remain a problem for the Valley, though new construction is gaining
traction. So far this year there have been 2,462 verified new starts in the first quarter. 



Great location in Chandler
4100 W Linda Lane, Chandler, AZ 85226
5 bedroom, 3419 sf, downstairs master, pool
Priced at $400,000.  Click for more info


Eastmark - the East Valley's newest community
Learn more about the East Valley's newest and largest master planned community.
The grand opening is June 1st.

Read more


Arizona has biggest mortgage delinquency dip
Arizonans are climbing out of mortgage hot water at a faster rate than anyone else
in the nation.

Read more


Real estate putting Phoenix back on Wall Street radar
Arizona is becoming more relevant in the stock market again, thanks largely to
real estate.

Read More


Analyst offers his view of the market
Tom Ruff has been tracking metro Phoenix’s housing market through daily analysis
of property records and discussions — sometimes heated — with the real-estate
industry’s top agents and executives since the 1980s.

Read More


Thinking of buying or selling a home?
Go hire yourself a LUCAS!
Your Tempe/ Chandler Real Estate Resource for 20 years.
(480) 598-8800
TheLucasGroup.com