Residential Real Estate

The Center for Real Estate Theory and Practice is dedicated to maintaining and sharing its understanding of what the residential real estate market is, was, and will become in both Maricopa and Pinal County. Made possible by strong community and research partnerships, timely and valuable residential real estate data is made available to realtors, developers, and homeowners by monthly or annual subscription.

The cost of membership enables ongoing collection and dissemination of high-quality research reports by the Center for Real Estate Theory and Practice, and provides members with unlimited access to a growing collection of custom reports, charts, graphs, and relevant articles.

  • Accessible data currently includes a monthly report and commentary regarding the current state and outlook of the Greater Phoenix housing market.

    Upon subscription, you’ll also gain access to a growing range of interactive charts for analysis of:

      • Sales unit volumes in Maricopa and Pinal Counties
      • Sales prices (average, median, price per square foot)
      • New home market share by developer
      • New home sales by developer (unit volume, dollar volume, average and median price)
      • Arizona housing permit numbers by county and place

    View a sample report
    Many of these charts have filters, allowing you to drill down to specific market segments such as county, city, and property type (e.g., single family, multi-family), as well as by transaction types:

    • Bank-owned sale
    • GSE REO sale
    • HUD sale
    • Investor flip
    • New home sale
    • Normal MLS resale
    • Normal non-MLS resale
    • Pre-foreclosure
    • Short sale
    • Trustee sale

  • The following deeds are excluded from the transactions analyzed in the residential charts:

      • Bulk and multi-parcel sales (e.g., between investors)
      • Condemned parcels
      • Corrective deeds (only the original transaction is included)
      • Deeds in lieu of foreclosure
      • Gifts and donations to charity
      • Government sales and purchases (e.g., city, state, federal)
      • Improved parcels where the residual value of the home is close to zero
      • IRS auction sales
      • Mobile home sales
      • Multi-family property sales
      • Non-residential properties (e.g., office, retail, industrial, religious, agricultural)
      • Sheriff’s deeds (e.g., after law suit or judicial foreclosure)
      • Temporary transfers to intermediaries (e.g., relocation services)
      • Transfers between closely related parties
      • Transfers between lenders following a foreclosure
      • Transfers from a developer to a subsidiary or title company
      • Transfers from a lender to a government entity (e.g., HUD, Fannie Mae)
      • Transfers through inheritance
      • Treasurer’s deeds (e.g., when a tax lien is foreclosed)
      • Trustee sales in which the property reverted to the beneficiary
      • Utility and transportation sales and purchases (e.g., Salt River Project, ADOT, railroads)
      • Vacant land sales

     

    The above data points are commonly recorded with a sales price of zero, or one bearing no relationship to market value, both of which would distort the pricing information if included. Some, however, can be analyzed separately (e.g., bulk and multi-parcel sales, reversions to beneficiary).

  • The data used to create interactive charts is regularly updated to contain the latest information available. Typically, correction deeds are filed at the rate of many hundreds per month, meaning even older information may be updated as needed.

    In contrast, the textual monthly reports provide a snapshot of the residential real estate market at a specific moment in time. Monthly reports are not updated, and may not match the more recent information provided via graphs and charts.

    When information conflicts, charts and graphs should be prioritized over monthly reports, as more accurate and timely sources of information.