I got this following from a colleague online today and thought it would be good to pass it along just because it is "from the horses mouth". I find it is always interesting to get the perspective from a Realtor on the ground who is not a part of the media and has access to the numbers! Hope you do to!
Of course - if you are considering buying in this area - Give Matt a call, and tell him Brell sent you!
Ciao for now,
Brell - Your Okanagan Real Estate Umbrella
Brenda Ellis
REALTOR®
Sutton Group - Lakefront Realty
2749 30 Street, Vernon, BC, V1T 5C6
A growing team, a different approach
...we are better together!
Brell,
As we end the summer in Phoenix some pretty incredible things have happened with the real estate market. For one, the available inventory has shrunk to 20,000 homes for sale from 44,000 in November. The median home price is around $113,000. More closed sales are resulting from “normal” transactions and less from short sales and bank-owned foreclosure.
The buyer pool has increased substantially, as people are perceiving that the bottom has arrived or is very close. Investor activity remains strong, still accounting for almost half of all home sales. While this doesn’t speed up a recovery at least the homes are no longer sitting vacant. In June a record sales month for Phoenix was set with more than ......
Warm regards,
Matthew
Connect with Matt on: 
West USA Realty Revelation | 4050 S. Arizona Avenue # 4 | Chandler | AZ | 85248
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