Metro Phoenix housing market has best month in a decade April just might have been the best month for metro Phoenix's housing market in a decade. Foreclosures fell to the lowest level since 2006. Homebuilding continued to rebound. Phoenix kept its spot as one of most affordable big metro areas for ...
More Phoenix homeowners have equity now Fewer metro Phoenix homeowners are underwater now, according to CoreLogic. Approximately 19.5% of the Valley's homeowners owed more than their house is worth as of June 30, down from 21% at the end of this year's first quarter. At the worst of the housing cra ...
Phoenix-area home sales, prices cool in July In Metro Phoenix, both sales and prices dipped in July. Home sales fell 4.5% and the median home sales price inched down to $210,000 compared with June, according to the W.P. Carey School of Business at Arizona State University. The housing market's mode ...
Ariz. homebuilders offering deals New-home prices across metro Phoenix soared too high and too fast in 2012 and 2013 for many buyers to handle, leading to a slump in sales. Home prices have dropped slightly this summer, and builders are trying to lure buyers by offering incentives that include lowe ...
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News Article From: 04-14-2006

The article, Median resale housing prices still dropping, from the Arizona Republic Ahwatukee, reports that median resale housing prices fell in the Southeast Valley in March primarily due to the increased number of homes on the market. The main exception was Ahwatukee Foothills, where prices rose 6 percent from February to March, to $364,250. But that is still below the December 2005 median price of $386,250. Median prices from February to March fell 5 percent in Gilbert, 4 percent in Tempe, 1 percent in Mesa and 1.6 percent in Chandler. Jay Butler, director of the Arizona Real Estate Center at ASU, said most homes sold these days are by investors who flooded the market over the last two years. They tend to buy cheaper and smaller homes and are now selling them back for profits. However, the peak sales season is just getting started. Butler said the May, June and July sales figures should show what is really happening in the market. The article gives the current median prices and sales volume for each of the Southeast Valley cities.




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