The Cromford Report

Greater Phoenix - Residential Resale

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Standard membership of The Cromford Report ™ requires a subscription, and provides you with access to detailed data and analytical charts.

Click subscriptions to find out more or sign-up.

The Cromford Report ...

is owned and produced by Cromford Associates LLC, an Arizona limited liability company managed by Mike Orr and based in Mesa AZ.

Mike holds a masters degree in Mathematics from the University of Oxford in England and spent 31 years in the computer industry, working for IBM, Amdahl, Splash Technology and the Santa Cruz Operation. In his most recent positions he was President of Tarantella and CEO of Mobilearia.

He first started investing in real estate in 1976 and left the computer industry to focus on real estate in 2002.

Contact

mike@cromfordreport.com

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.

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  1. May 14 - We have recalibrated the Cromford® Market Index for Paradise Valley, which made a considerable difference. The increased use by agents of UCB instead of Pending status requires this recalibration. This usage caused supply to be over-stated while demand was being under-stated. We will continue to recalibrate the secondary cities one by one - the next target is Cave Creek. We completed Maricopa and Buckeye some time ago and all the major cities are now recalibrated. The secondary city dashboard reflects the new recalibrated index values for the cities Buckeye, Maricopa and Paradise Valley. The recalibrated index is also shown in the weekly CMI chart by city, but only for those cities that have been recalibrated. The snapshots for Buckeye, Maricopa and Paradise Valley now reflect the recalibrated index.
  2. May 5 - Another education class will be held at 9 a.m. on May 19 at SAAR in Scottsdale. For more details and to register please click here.
  3. February 28 - The overall Cromford® Market Index has been re-calibrated as discussed in the Daily Observations of February 27. This takes into account the changing nature and usage of UCB for normal listings over the last 4 years. We recognize that an increasing proportion of the demand has been disguised as supply by the growing use of UCB status instead of Pending status. We plan to update the CMI for Major Cities next, followed by Secondary Cities in due course.
  4. February 19 - We have enhanced the Major City Snapshots to include the following statistics:
    • the number of UCB listings
    • the number of Active Listings excluding UCB
    • the number of Listings Under Contract (Pending or UCB)
    • the annual growth in Active Listings excluding UCB
    • the annual growth in Listings Under Contract

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.

Market Statistic
Reading
Extreme
Date
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.