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: 08-11-2006

The first article, Used-home prices dropped in July, but sales up from June, from the Arizona Republic, reports that the median resale price of a Valley home fell to $264,900 last month, after climbing to a record $267,000. The number of July resales rose to 5,545, up from the 5,460 in June. However, July's totals were the weakest since July 1999, when 5,240 resales were recorded. In July 2005, 10,200 resales were recorded. For the first seven months of this year, there were 41,835 resales, compared with 68,235 during the same time frame last year. The numbers were released by the Arizona Real Estate Center at ASU.
The second article, Housing market still correcting itself, from the Arizona Republic Ahwatukee, reports that the housing market in the SE Valley, and Valleywide, is still correcting itself after last year's investor-driven wild ride. "When the dust settles and after people take a deep breath, they will lose some appreciation," said Barry Kramer, owner of Keller Williams Realty Ahwatukee Foothills. "But we will still be better off than when we started. It's a patience issue. You have to realize that what goes up had to go down. We are in one of those cycles," he added. The Southeast Valley has almost 17,000 homes on the market, according to the Arizona Regional MLS. The article gives the resales numbers and median prices for Ahwatukee, Chandler, Gilbert, Mesa and Tempe.
The third article, Housing market decline arrives, from the Arizona Republic Scottsdale, reports that the Valley's declining housing market finally caught up with Scottsdale, with the city's overall median home values dropping in July for the first time in years. Scottsdale's median resale price dropped 9.4 percent in July to $580,000, while sales of existing homes fell 6.5 percent, according to the numbers released by the Arizona Real Estate Center at ASU. Condo prices fell 1.8 percent, to $260,000, and sales fell off 8 percent. South Scottsdale saw home prices decline 6.3 percent to $304,425. Paradise Valley's median price fell 1.8 percent to $1.4 million.
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