UPDATED: Phoenix AZ Case-Shiller Home Price Indices updated through April 2008

(See recent posts on Phoenix Case-Shiller Home Price Index.)

Being a real estate agent has now become an extreme sport with cliff diving home prices.

Phoenix homes have depreciated 29% from their peak value in June 2006 according to my analysis of the Case-Shiller data.

Let’s say that another way; Phoenix homes were 41% more expensive in June 2006.

From March to April, metro Phoenix Arizona home prices fell 3.4%, according to the S&P/Case-Shiller Home Price Indices.

As always, the Case-Shiller index obscures the large differences within metro Phoenix sub-markets. This web site, ArizonaRealEstateNotebook.com, is the best I’ve seen for allowing you to look at real estate trends by zip code and to tease out trends within the metro Phoenix area.

June 26, 2008 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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