Previous Phoenix Median Home Price Graphs

183447 Resource 164804 165387 165387 1190000906979 1211050175923 Controlled Phoenix Real Estate Median Home Prices

August 2007 compared 2006 Home Prices in the Phoenix cities

Single Family Home median prices in Greater Phoenix for August 2007  compared to August 2006 and percent changes.<table width="250" cellspacing="0" cellpadding="0" border="0" style="width: 188pt; border-collapse: collapse;"><colgroup><col width="69" style="width: 52pt;" /><col width="64" style="width: 48pt;" /><col width="69" style="width: 52pt;" /><col width="48" style="width: 36pt;" /></colgroup><tbody><tr height="18" style="height: 14.1pt;"><td width="69" height="18" style="border: 0.5pt solid windowtext; width: 52pt; height: 14.1pt; background-color: transparent;" class="xl65"> </td><td width="64" style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: 0.5pt 0.5pt 0.5pt medium; width: 48pt; background-color: transparent;" class="xl74">Median Sale Price</td><td width="69" style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; width: 52pt; background-color: transparent;" class="xl66">Median Sale Price</td><td width="48" style="border-style: solid solid solid none; border-color: windowtext; border-width: 0.5pt 0.5pt 0.5pt medium; width: 36pt; background-color: transparent;" class="xl79">% Change</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67"> </td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl83">Aug. '06</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl84">Aug. '07</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80"> </td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: rgb(255, 255, 255) windowtext windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl68">VALLEY</td><td style="border-style: none solid solid none; border-color: rgb(255, 255, 255) windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl75"> $ 262,500 </td><td style="border-style: none solid solid none; border-color: rgb(255, 255, 255) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl69"> $ 255,000 </td><td align="right" style="border-style: none solid solid none; border-color: rgb(255, 255, 255) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl70">-2.90%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: rgb(255, 255, 255) windowtext windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl68">Phoenix</td><td style="border-style: none solid solid none; border-color: rgb(255, 255, 255) windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl75"> $ 224,000 </td><td style="border-style: none solid solid none; border-color: rgb(255, 255, 255) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl69"> $ 220,000 </td><td align="right" style="border-style: none solid solid none; border-color: rgb(255, 255, 255) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl70">-1.79%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl71">Scottsdale</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl76"> $ 598,500 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl72"> $ 559,375 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl81">-6.50%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Glendale</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 255,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 240,750 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-5.59%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Mesa</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 240,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 237,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-1.25%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Tempe</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 299,950 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 270,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-10.00%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Gilbert</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 320,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 300,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-6.25%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Chandler</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 308,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 282,800 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-8.18%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">El Mirage</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 212,750 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 185,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-13.00%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Peoria</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 270,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 257,500 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-4.63%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Sun City</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 200,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 175,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-12.50%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Surprise</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 250,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 232,500 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-7.00%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Avondale</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(255, 255, 255); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl77"> $ 254,325 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 223,275 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-12.21%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: white;" class="xl67">Goodyear</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 280,000 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl73"> $ 272,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl80">-2.86%</td></tr><tr height="18" style="height: 14.1pt;"><td width="69" height="18" style="border-style: none solid solid; border-color: windowtext; border-width: medium 0.5pt 0.5pt; width: 52pt; height: 14.1pt; background-color: transparent;" class="xl85">Paradise V.</td><td width="64" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; width: 48pt; background-color: transparent;" class="xl86">$1,675,000 </td><td width="69" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; width: 52pt; background-color: transparent;" class="xl87">$1,950,000 </td><td width="48" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; width: 36pt; background-color: transparent;" class="xl88">16.42%</td></tr></tbody></table>Source: ASU Realty Studies, graphed by Artur CiesielskiAugust was a slow month as it usually is for many reasons.  4,240 resale sales which is 2% lower compared to July (4,330) homes and 25% lower compared to the same period in 2006.   Year to date 37,750 homes sold.  This is 20% lower compared to year to date sales in 2006 and 52% lower compared to the peak crazy 2005 year (78,935).  I'm going to face the music and admit that the real estate market stinks.  It is precisely because it stinks that for those that can take the pressure of buying in a downmarket (which most of us can't take) will reap the benefits of buying low.Inventories keep hitting new highs, access to loans is bad and many sellers can't come to grips with the realities, though many are coming around to it.  The median home price in Phoenix Metro decreased by 3% while Phoenix decreased by 1.8%.  All cities in the Phoenix valley experienced decreases.  The hardest hit are cities in the outlying areas where resale home still have to compete with new home builders.  El Mirage, Surprise, Avondale, Chandler all had big changes downward in median price.  Even some of the inner cities like Tempe (-10%) and Scottsdale (-6.5%) had large decreases, though South Scottsdale drew down the total Scottsdale median price, North Scottsdale had a slight 2% increase.  Paradise Valley median price was over 16% higher over last year, but as silly as looking at median prices is, looking at median prices for Paradise Valley is downright mad, because it's such a unique city.  Real estate is a long term proposition.  9 application/xml false homes sales trends in phoenix median home price trends in Phoenix phoenix real estate phoenix real estate market trends Previous Phoenix Median Home Price Graphs 2007 and 2006 median home price graphs http://www.phoenixmarkettrends.com/public/item/180051 Mozilla/5.0 (Macintosh; U; Intel Mac OS X; en-US; rv:1.8.1.14) Gecko/20080404 Firefox/2.0.0.14 127.0.0.1 127.0.0.1 aciesielski 98.165.109.170 false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web