Case Shiller Home Price Index For Phoenix | April 2009
July 01, 2009
A sligh hint of a changing market.
(S&P Case Shiller Indicies Graphed by The Cromford Report)
Turquoise: San Diego
Red: Denver
Light Blue: Las Vegas
Dark Blue: Phoenix
April 2009, the most current indices, shows a price of $104.45 per square foot. The last time is was near that number was in July 2000. The trouble with such indices is that they are fallible and often don't reflect the real estate that buyers and sellers have to deal with at the street level vs. looking a computer.
The excesses of 2004-2006 are quite obvious, so much so that we are probably in a state of over-compensation. That means prices have gone down too much and it seems many buyers see that if the current hot market is any indication.
Does that tail in 2009 look like a start of a slowdown in price declines? Kind of looks like it. We'll have a full review of the current June 2009 in the next few days.
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 | Is It A Buyer's or Seller's Market in Phoenix Real Estate: There Is No Simple Answer. |
| Generalizing about the balance of the real estate market is no different then generalizing about anything: it's useless. |
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| Phoenix Real Estate Market Trends Overview | Housing Market Statistics |
| Current and Historic graphs, statistics, tables and commentary of the real estate market in Greater Phoenix |
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| Standard and Poors |
| Standard and Poors |
| http://www2.standardandpoors.com |
