GREATER PHOENIX BLUE CHIP: RESIDENTIAL
| 2023 | 2024 | 2025 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Single Family Permits | Multi-Family Permits | Apt. Vacancy (Q4 %) | Apt. Absorption | Single Family Permits | Multi-Family Permits | Apt. Vacancy (Q4 %) | Apt. Absorption | Single Family Permits | Multi-Family Permits | Apt. Vacancy (Q4 %) | Apt. Absorption | |||
| CBRE | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| Elliott D. Pollack & Co. | 20,500% | 12,000 | 8% | 8,000 | 21,600 | 8,000 | 9% | 8,000 | 24,000 | 14,000 | 10% | 12,000 | ||
| Griffin Consulting | 19,250 | 19,675 | 6.8% | 13,450 | 22,600 | 15,000 | 6.2% | 14,275 | 25,000 | 12,500 | 5.3% | 14,750 | ||
| Land Advisors | 18,875 | 17,125 | 6.9% | 20,000 | 19,500 | 15,000 | 6.9% | 27,500 | 20,333 | 15,000 | 6.6% | 24,000 | ||
| Nathan & Associates | 22,300 | 14,000 | N/A | N/A | 24,500 | 7,000 | N/A | N/A | N/A | N/A | N/A | N/A | ||
| South West Growth Partners | 17,800 | 15,000 | 6.9% | 3,000 | 21,400 | 9,000 | 7.2% | 3,000 | 25,600 | 7,500 | 6.8% | 5,000 | ||
| Univ. of Arizona Eller College | 22,325 | 16,025 | N/A | N/A | 24,096 | 10,892 | N/A | N/A | 26,931 | 10,032 | N/A | N/A | ||
| Zonda | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | ||
| CONSENSUS | 20,175 | 15,638 | 6.9% | 11,113 | 22,283 | 10,815 | 7.1% | 13,194 | 24,373 | 11,806 | 7.0% | 13,938 | ||
| ACTUALS FROM PHOENIX HOUSING MARKET LETTER & CBRE | ||||
|---|---|---|---|---|
| Single Family Permits | Multi-Family Permits | Apt. Vacancy (Q4 %) | Apt. Absorption | |
| 2022 Actuals | 22,222 | 16,377 | 6.5% | 4,700 |
| 2021 Actuals | 31,069 | 21,592 | 4.4% | 12,300 |
| March 2021 | March 2024 | |
| Median Sales Price – New | $391,640 | $513,285 |
| Median Sales Price – Existing | $360,000 | $459,000 |
| Mortgage Rate Only | 3.08% | 6.82% |
| Interest & Principal – New | $1,501 | $3,018 |
| Interest & Principal – Existing | 31,069 | 21,592 |