Phoenix Homes: Some Sell, Many Expire And More Are Cancelled
February 25, 2009
A 50-75% chance of not selling your homes is probably now what you're looking for but that what the statistics show.
The chances of selling a home become clearer when you look a the numbers on the chart below. It puts the need of being priced competitively and marketed well in perspective when your chances of selling home are 42% in Phoenix or only 26% in Scottsdale.
Only about 1 in 4 homes in Scottsdale sell. The rest expire or are canceled. The expired and canceled listing sometimes come back on the the market for another try.
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Sold | Expired | Canceled |
| Phoenix | 1,392 | 680 | 1,196 |
| Scottsdale | 179 | 158 | 349 |
| Tempe | 49 | 22 | 51 |
| Glendale | 264 | 130 | 217 |
| Avondale | 148 | 55 | 189 |
| Surprise | 233 | 77 | 134 |
Avondale, Glendale, Tempe seem to hover around the the 40% chance.
Home expire when they don't sell. They are listed for a certain term and when that term is up and they have not sold they expire unless they are renewed.
Homes are canceled for many reason: there are hundreds.
If you're serious about selling you don't want to be part of the 55-75% that don't sell.
If you're getting ready to sell a home we have quite a few articles about how to do it better and how we do it.
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 | Phoenix Real Estate Market Trends Overview | Housing Market |
| Current and Historic graphs of the real estate market in Greater Phoenix |
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