Readers Choice Award 2016
Contact Us | 1-800-354-5664

myPropertyAlerts and more
myLongRealty - Login or  

Log into your myLongRealty account

featuring myPropertyAlerts and more

Don't have an account?

We value your privacy.

Setup myPropertyAlerts with a myLongRealty Account

Local. Accurate. Timely.

Already have an account? Log in here.

    • No spam. Complete privacy.

Home Search
Selling Your Home
Home Values
Market Conditions
Get a Mortgage

February Sees an Uptick in Real Estate Activity

The month of February has brought an increase in residential real estate sales activity across Arizona. New properties under contract represents the number of new contracts entered into by buyers and sellers and is an indicator of future closed sales activity. Listed below are conditions in Arizona’s two biggest metro areas.

New Properties Under Contract Feb 2015 vs Feb 2014
Tucson +10%
Phoenix +16%

Why the increase? There can be many contributing factors, including consumer confidence, advantageous mortgage rates, flattening home prices in 2014, a healthy inventory of homes to choose from and a harsh winter in other parts of the country, leading to increased interest in Arizona.

Looking at residential closed sales across Arizona this year as compared to last year, we are seeing that some markets are tracking higher and some slightly behind. That being said, the increase in new contract activity in February will help drive more closed sales in the coming months.

Residential Closed Sales Feb 2015 vs Feb 2014 YTD 2015 vs YTD 2014*
Tucson -3% -5%
Phoenix +8% +4%
Green Valley +14% -2%
Sierra Vista -5% +4%

2015 is off to a healthy start. Residential sales activity this year is anticipated to be better than 2014, creating opportunities for both buyers and sellers.

Properties under contract and closed sales data is based on information obtained from the TARMLS, ARMLS, GVSAHMLS and SEAMLS. All data obtained 03/04/2015 is believed to be reliable, but not guaranteed.

Real Estate Market Articles

The Real Estate Market Is Getting Stronger

How Scary is the Housing Affordability Index?

Do Homeowners Realize Their Equity Position Has Changed?

Put Your Housing Cost To Work For You!

How To Get The Most Money When Selling Your House

5 Great Ways to Save on Moving Costs

Important Things You Need to Know To Be Ready for the Changes in Mortgage Laws

The Market Warmed Up in May

Homeownership as an Investment: The Role of Price Appreciation

Why Tax Planning for Real Estate Has Become More Important

February Sees an Uptick in Real Estate Activity

New York Times: Homeownership is Best Way To Build Wealth

Harvard's 5 Financial Reasons to Buy a Home

Luxury Housing Is Alive

Balance Returns to Arizona Housing

Want to Sell Your House? Price it Right!

It's a Price Sensitive Market, Again

Is Housing Returning to a Balanced Market?

Trends in Arizona Housing

Housing Market Trends through 2013

Luxury Housing is Coming Back

Mortgage Interest Rates: Where Are They Headed?

Tips for Home Shopping in a Seller's Market

FHA Will Increase it's Annual Mortgage Insurance Premium

State of the Tucson Housing Market

Arizona Housing Not So Distressed Any More

Tucson Housing Deflating or Recovering? Get the Real Story

In Real Estate it’s also Price, Price, Price

A Message To Homeowners - Things Have Changed…

A Shortage of Housing Inventory?

Signs of an Arizona Housing Recovery

The Arizona Luxury Market Breathing Life

Tucson Home Prices Up 7% in March

Is the Tide of Distressed Home Sales in Arizona Changing?

The Start of the Housing Upturn

What’s Up With the Arizona Housing Market?

Arizona Housing Gains Momentum Heading Into 2012