Arizona home prices – November 2007 – 14 Phoenix area cities

EXCLUSIVE – Data table created by John Wake, Associate Broker, HomeSmart Real Estate, from ASU data.

Six of the 14 cities had median price decreases of 10% or more. Well, there were eight in October so maybe the decline is not accelerating. In September, it was four cities.

The median home price for all of Greater Phoenix declined only $2,000 to $240,000 for November, compared to $242,000 in October, $250,000 in September, $255,000 in August and $265,000 in July. The median home price in Greater Phoenix, therefore, has fallen $25,000 or 9% from July to November.

The median home price in Greater Phoenix in November 2006 was $259,000, a $19,000 fall.

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December 12, 2007 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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