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