Phoenix Luxury Home and Real Estate Monthly Market Update May 2013 - Page 5

How long did it take Luxury homes to sell? Homes took a much shorter time on the average to sell in April 2013 than it did in April 2012. This is could be partially due to the decrease in the number of short sales we are seeing in the Phoenix Area. Since there is no third party involved in the decision making during a regular home sale compared to a short sale, it takes a much shorter time to close the transaction. 100 93 68 49 38 47 55 43 58 75 50 25 0 $600-699K $700-799K $800-899K $900-999K April 2012 April 2013 383 400 168 92 300 200 $1-1.9M $2-2.9M 27 $3-3.9M $4M+ 100 0 Prepared by Dorette Oppong-Takyi , Luxury Real Estate Professional LuxuryLivinginPhoenix.com 480-442-077I