The Cromford Report

Annual Market Snapshot


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The Cromford Report ...

is owned and produced by Cromford Associates LLC, an Arizona limited liability company managed by Mike Orr and based in Mesa AZ.

Mike holds a masters degree in Mathematics from the University of Oxford in England and spent 31 years in the computer industry, working for IBM, Amdahl, Splash Technology and the Santa Cruz Operation. In his most recent positions he was President of Tarantella and CEO of Mobilearia.

He first started investing in real estate in 1976 and left the computer industry to focus on real estate in 2002.


The table below provides a concise annual summary of the residential resale market in the Phoenix metropolitan area.

The figures in the top section are for the entire Arizona Regional area as defined by ARMLS. All residential resale transactions recorded by ARMLS are included. Geographically, this includes Maricopa county, the majority of Pinal county and a small part of Yavapai county. "Out of area" listings recorded in ARMLS are not included.

All dwelling types are included. For-sale-by-owner, auctions and other non-MLS transactions are not included. Land, commercial units, and multiple dwelling units are also excluded.

The figures in the second section are for the county of Maricopa. All property types are included in the foreclosure and trustee sales, including land, commercial units and multiple dwelling units. The other sales numbers exclude trustee sales but include all sales which require an Affidavit of Value to be filed with the county recorder.

Color code: The background to the trend arrow is colored green if the direction is favorable for sellers and is colored red if the direction is favorable for buyers. It is colored yellow if the change was zero. If the circle is white then then the statistic is neutral for both buyers and sellers.

Columns: Each data column shows measurements taken for the full year shown at the top of the column.