Here are the final numbers for December 2011.
As of January 5th 2012;
Total active in Maricopa County are 15,333. That’s a very low number! Only 12% of the listings are REO at 1,809. And only 16% active are Short Sales at 2,406. Total number of normal listings is 11,119 which is 72%.
Total Pending in Maricopa County is 14,326. That’s a big number. 15% are REO at 2,187 and Short Sales make up 64% of Pending at 9,299 and Normal pending are 21% at 2,841.
Total Closed for Maricopa County in December was 7,014 which was 27% REO at 1,940 and 31% Short Sale at 2,236 which is our highest percentage to date!! Normal transactions were 40% at 2,841.
It looks to me like 2012 will be the year of price increases in all price ranges.
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