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: 06-21-2006

The first article, Valley's pricey areas not in nations top 100, from the Arizona Republic, reports that when it comes to a list of the nation's most expensive zip codes, Paradise Valley's 85253 and Scottsdale's 85262 just don't measure up to the Hampton's in New York and the exclusive Rancho Santa Fe in Southern California. A recent Forbes magazine analysis of the 2005 median home sales prices rank Paradise Valley No. 122 and Scottsdale's 85262 at No. 390. "I would say that they still know they live like kings at the top of the mountain," said RL Brown, a Valley housing analyst who sees good news in the relatively low rankings of Arizona's high-rolling homeowners. "We're affordable" in comparison to the nation's most expensive areas, he said. Realtor Rusty Davis of Russ  Lyon Realty said that in the past three months, 77 homes have sold in Paradise Valley at an average of $2.7 million, including a $9.5 million home northwest of Scottsdale Road and Doubletree Ranch Road.



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