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192536 Resource 164804 165387 165387 1197669627588 1197669627588 Controlled Greater Phoenix, AZ Real Estate Market Report For November 2007

November Median Home Price Trends in Phoenix Metro.

The real estate market in Greater Phoenix continues its decline as we edge toward the end of the year.  The fourth quarter is usually the slowest and this one is no different.  Sales of home declined to 3,280 from last years 5,040.  <a title="how many homes sold by month" href="item/192432" target="_blank">Take a look at the month by month home sales numbers.  </a><table style="WIDTH: 188pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="250" border="0"><colgroup><col style="WIDTH: 52pt; mso-width-source: userset; mso-width-alt: 2523" width="69" /><col style="WIDTH: 48pt; mso-width-source: userset; mso-width-alt: 2340" width="64" /><col style="WIDTH: 52pt; mso-width-source: userset; mso-width-alt: 2523" width="69" /><col style="WIDTH: 36pt; mso-width-source: userset; mso-width-alt: 1755" width="48" /></colgroup><tbody><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl67" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 52pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: transparent" width="69" height="18"> </td><td class="xl75" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: #ece9d8; WIDTH: 48pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="64">Median Sale Price</td><td class="xl68" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 52pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="69">Median Sale Price</td><td class="xl80" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext 0.5pt solid; BORDER-LEFT: windowtext; WIDTH: 36pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="48">% Change</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18"> </td><td class="xl83" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white">Nov. '06</td><td class="xl84" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white">Nov. '07</td><td class="xl81" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> </td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl70" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: #ece9d8; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: #eeece1" height="18">VALLEY</td><td class="xl76" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $  259,000 </td><td class="xl71" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: #ece9d8; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $    240,000 </td><td class="xl88" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: #ece9d8; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1" align="right">-7.3%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl70" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: #ece9d8; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: #eeece1" height="18">Phoenix</td><td class="xl76" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: #ece9d8; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $   226,160 </td><td class="xl71" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: #ece9d8; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $    208,425 </td><td class="xl88" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: #ece9d8; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1" align="right">-7.8%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl72" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: #eeece1" height="18">Scottsdale</td><td class="xl77" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $  630,000 </td><td class="xl73" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1"> $    544,645 </td><td class="xl89" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: #eeece1" align="right">-13.6%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Glendale</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  247,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    215,000 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-13.0%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Mesa</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  240,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    223,500 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-6.9%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Tempe</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  270,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    261,250 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-3.2%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Gilbert</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  308,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    276,000 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-10.4%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Chandler</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  295,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    269,900 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-8.5%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">El Mirage</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  200,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    170,000 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-15.0%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Peoria</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  270,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    239,450 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-11.3%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Sun City</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $   190,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    188,000 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-1.0%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Surprise</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  246,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    227,000 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-7.7%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Avondale</td><td class="xl78" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: #ece9d8; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  245,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    213,955 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-12.7%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl69" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: white" height="18">Goodyear</td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $  252,000 </td><td class="xl74" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white"> $    228,410 </td><td class="xl90" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: white" align="right">-9.4%</td></tr><tr style="HEIGHT: 14.1pt; mso-height-source: userset" height="18"><td class="xl85" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext 0.5pt solid; WIDTH: 52pt; BORDER-BOTTOM: windowtext 0.5pt solid; HEIGHT: 14.1pt; BACKGROUND-COLOR: transparent" width="69" height="18">Paradise V.</td><td class="xl86" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 48pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="64">$1,690,000 </td><td class="xl87" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 52pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="69">$1,500,000 </td><td class="xl91" style="BORDER-RIGHT: windowtext 0.5pt solid; BORDER-TOP: windowtext; BORDER-LEFT: windowtext; WIDTH: 36pt; BORDER-BOTTOM: windowtext 0.5pt solid; BACKGROUND-COLOR: transparent" width="48">-11.2%</td></tr></tbody></table>(Single Family Homes) (Data from ASU Poly graphed by Artur Ciesielski, CCIM)The median home price for Greater Phoenix declined to $240,000.  This is a 7% decline from last years $259,000.  <img style="WIDTH: 378px; HEIGHT: 278px" height="278" alt="historic home sales in phoenix, az" hspace="0" src="http://farm3.static.flickr.com/2196/2109335155_f6dd673ac8.jpg?v=0" width="378" align="baseline" border="0" />In previous months Phoenix had lower declines than the outer cities and this trend continues.  The bulk of the oversupply is in the outer cities. That is why there are greater declines in cities like, Goodyear, Avondale, El Mirage, but in November, Glendale, Scottsdale, and several other cities had declined of more than 10%.Don't look for too much relief in 2008.  See the <a title="greater phoenix real estate forecast for 2008" href="item/191621" target="_blank">2008 Real Estate Forecast.</a>  Despite this gloomy outlook, or because of it, it would behoove those that can, to buy real estate in this down market. 9 application/xml false greater phoenix real estate new median home prices in Greater Phoenix Phoenix metro home sales news phoenix real estate market trends Search for properties in the Phoenix market view properties for sale. http://www.searchvalleyhomes.com What is the value of your home? Get an estimated value of your home. http://www.accesshomevalues.com Greater Phoenix Real Estate Market Data Previous month's reports. item/180051 Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 aciesielski 68.3.229.138 false true false false true 176502 false false true false false false true 164804 blog blogsite/ArturCiesielski/web