The Cromford® Report provides detailed information to track the history and current status of the Greater Phoenix residential resale market and offers unique insight into its future direction.
Updated daily and usually published online within a few hours, this site is intended for anyone interested in the state of the market and how it affects their investments and livelihood. Our goal is to present data that is timely, informative and easy to understand - data not available anywhere else in this level of detail or immediacy.
|Snapshot||City Ranking||Dashboard||Daily Observations||News & Commentary||Infographic||Cromford Index|
Feb 28 - Introduction classes for the Cromford® Report are run roughly once every 2 months by Asel Nelson at the Arizona School of Real Estate and Business. The next one will be on March 22, 2017.
Jan 1 - In a major development for 2017 we are introducing Cromford® Public - a subscription service that does not require membership of the Arizona Regional Multiple Listing Service. It relies entirely on data extracted from public records so anyone can sign up for this information, including ARMLS members. This in no way replaces the original Cromford® Report, but provides additional information that was not available before. There is data extracted from the county recorders in Maricopa and Pinal Counties, from the County Assessors, and from the US Census Bureau, Freddie Mac etc. Because of the nature of public records, the reports are not quite as timely as ARMLS data, but they are more complete since almost all sales are recorded. Cromford® Public includes information for Maricopa and Pinal Counties for:
- Home sales (including non-MLS transactions)
- New home closings (the majority of which are non-MLS transactions)
- Average sales price per square foot
- Average sales prices
- Median sales prices
- Home sizes
- Interest rate history
- New home permits (for all 15 counties within Arizona)
Please note that there is no information on housing supply, since that requires access to the ARMLS data. Hence our commentary on the market will still be confined to the usual sections within the Cromford® Report.
Most charts within Cromford® public have a filter which allows you to include or exclude 55+ communities, a function which has been desired for a long time. Other filters include transaction type, including MLS and non-MLS normal sales. It is possible to distinguish between pre-foreclosures and short sales with no active notice, and between bank owned and GSE-owned REOs.
We will be developing and adding to the charts in Cromford® Public over the next several months. We welcome requests from users.
To add a subscription to Cromford® Public to your existing account please go to your Manage My Account page here.
If you are a new user who would like to sign up for Cromford® Public, please click here.
Left to right:
- Asel Nelson, Tina Tamboer, Mike Orr, Sophie Orr
The content of the Cromford® Report is provided on a subscription basis to ARMLS subscribers. To access it for the first time you need to sign-up and obtain a user ID and password.
ARMLS Subscription - if you are already an active subscriber to the Arizona Regional Multiple Listing Service
Please click on the underlined link above to sign-up.
If you are already signed-up you may select any part of this site from the menu at the left and then enter your user ID and password when prompted. You can also manage your account, log-in or log-out from the Subscriptions tab on the left.
If you ever have difficulty logging in, please try the Subscriptions -> Log-In menu item at the top left.
|Annual Growth in Pending Listings||-42.9%||record low||1/18/14|
These are based on the current millennium (2001 onwards). The figures shown are for the entire ARMLS area and all dwelling types are included. For-sale-by-owner, auctions and other non-MLS transactions are not included. For more detailed information on record highs and lows please see the Extremes section.
The Cromford® Report is designed to help you answer your questions about the Greater Phoenix residential real estate market. For example:
- How does today's market compare with the same time last year?
- Which price range is selling fastest over the last month?
- In which city are REO buyers most active right now?
- Which is the cheapest area to buy a resale home?
- How long is it taking to sell a home in my ZIP code?
- What is the balance of supply and demand for resale homes in my city?
- What proportion of homes for sale are short sales or pre-foreclosures?
- Where are prices changing fastest?
- What percentage of listings are finding a buyer before they are canceled or expire?
- Are today's list prices realistic compared with achieved sales prices?
You can find tools to help you answer all the above questions, and many more, within the Cromford® Report web-site.