Interesting Quick Stats - Real Estate Update...

When we examine the Affidavits of Value for March 2015 in Maricopa County we see the following changes from March 2014:

• Sales to owner occupiers are up 23% over last year
• Sales to investors are down 13%
• Sales to second-home owners are up 9%
• Sales of new homes are up 8%
• Sales of new homes to owner occupiers are up 10%
• Sales of new homes to investors are down 48%
• Sales of existing homes are up 18%
• Sales of existing homes to owner occupiers are up 25%
• Sales of existing homes to investors are down 12%
• Sales of existing homes to primary residence owner occupiers are up 26%

Clearly primary residence owner occupiers buying existing homes are the number one source of additional demand.

Investors are back down to only 12% of the market.