Arizona Real Estate Notebook

EXCLUSIVE – Graphic presentation created by John Wake, Associate Broker, HomeSmart Real Estate, using ASU data.

Prices seem generally flat.

What caught my eye was Phoenix. Phoenix prices have been a “bright” spot among Valley cities. It’s prices have been stable and strong compared to the other cities. The Phoenix median home price peaked late, last May at $229,000. In September, however, the median price for Phoenix was $211,930, a 7% drop from the May peak.

Since Phoenix accounts for roughly 30% of home sales in the Valley of the Sun, a decline in the median home price in the city of Phoenix has a big impact on the metro Phoenix median home price.

At the other end of the cycle, I’m also keeping an eye out for Sun City West. I wonder if Sun City West has already bottomed out. The median home price in September was $201,900 or 22% less than the peak month of May 2006 ($259,000).

Northeast Valley

Scottsdale Arizona homes for sale now

Southeast Valley

Chandler Arizona homes for sale now

Gilbert Arizona homes for sale now

Mesa Arizona homes for sale now

Tempe Arizona homes for sale now

Phoenix

Phoenix Arizona homes for sale now

Northwest Valley

El_Mirage Arizona homes for sale now

Glendale Arizona homes for sale now

Sun City Arizona homes for sale now

Sun City West Arizona homes for sale now

Surprise Arizona homes for sale now

Southwest Valley

Avondale Arizona homes for sale now

Goodyear Arizona homes for sale now

Graphs based on data published by ASU’s Realty Studies which is affiliated with the Morrison School of Management and Agribusiness at Arizona State University’s Polytechnic campus. I may occasionally make an error when graphing the ASU data.

ASU did not publish data for March, June, September or December until 2006.