According to an article in today's Arizona Republic, written by J. Craig Anderson, the sales of existing homes in April was the first year-over-year increase in Valley re-sale home transactions since July 2005.  Anderson's source of info was a report compiled by ASU's Realty Studies at the Morrison School of Management and Agribusiness. 

The monthly report, listed 5,585 sales in April 2008 compared with 4,855 sales in April 2007. 

In our monthly "Downtown Phoenix Neighborhood News" e-mail Newsletter, I recently pointed out that the number of transactions in 7 Downtown Phoenix Zip Codes has been on the rise every month since January of this year. 

A lot of the recent activity has been spurred on by aggressive pricing on "lender owned" and "short sale" properties. 

If you are interested in making a Real Estate purchase in the Central Phoenix area and would like a free list of properties in your price range e-mailed to you, contact Lyle Plocher with Urban Connection Realty at 602 373 3725 or lyle@urbanconnectionrealty.com