Phoenix Real Estate Market Trends Overview | Greater Phoenix real estate and investments

201943 Resource 164804 165387 165387 1208491884362 1211031228164 Controlled Greater Phoenix Median Home Prices for March 2008

Phoenix home price trends.

Sales in Greater Phoenix continue to be lower then previous years.  4,335 home sold in March 2008 and the median home price was $220,000, the same as February but 17% lower then the $265,470 last year. As bleak as the numbers look,... <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="xl67"> </td><td width="64" style="border-style: solid solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: 0.5pt 0.5pt 0.5pt medium; width: 48pt; background-color: transparent;" class="xl75">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="xl68">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="xl80">% 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="xl69"> </td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl82">Mar'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="xl83">Mar'08</td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl91">%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl70">VALLEY</td><td style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl76"> $ 265,470 </td><td style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl71"> $ 220,000 </td><td align="right" style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl87">-17.0%</td></tr><tr height="18" style="height: 14.1pt;"><td height="18" style="border-style: none solid solid; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt; height: 14.1pt; background-color: rgb(238, 236, 225);" class="xl70">Phoenix</td><td style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl76"> $ 228,000 </td><td style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl71"> $ 185,455 </td><td align="right" style="border-style: none solid solid none; border-color: rgb(236, 233, 216) windowtext windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl87">-19.0%</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="xl72">Scottsdale</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl77"> $ 635,000 </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="xl73"> $ 525,000 </td><td align="right" style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: rgb(238, 236, 225);" class="xl88">-17.0%</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="xl69">Glendale</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 248,250 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl74"> $ 209,750 </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="xl89">-16.0%</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="xl69">Mesa</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 242,700 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl74"> $ 200,000 </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="xl89">-18.0%</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="xl69">Tempe</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 278,750 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl74"> $ 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="xl89">-15.0%</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="xl69">Gilbert</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 295,500 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl74"> $ 245,000 </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="xl89">-17.0%</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="xl69">Chandler</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 293,850 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl74"> $ 234,000 </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="xl89">-20.0%</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="xl69">El Mirage</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 213,750 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl74"> $ 146,900 </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="xl89">-31.0%</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="xl69">Peoria</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 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="xl74"> $ 235,900 </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="xl89">-13.0%</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="xl69">Sun City</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 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="xl74"> $ 182,500 </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="xl89">-9.0%</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="xl69">Surprise</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 241,500 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl74"> $ 205,000 </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="xl89">-15.0%</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="xl69">Avondale</td><td style="border-style: none solid solid none; border-color: windowtext windowtext windowtext rgb(236, 233, 216); border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl78"> $ 232,280 </td><td style="border-style: none solid solid none; border-color: windowtext; border-width: medium 0.5pt 0.5pt medium; background-color: white;" class="xl74"> $ 185,130 </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="xl89">-5.0%</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="xl69">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="xl74"> $ 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="xl74"> $ 220,000 </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="xl89">-14.0%</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="xl84">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="xl85"> </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="xl86">$1,750,000 </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="xl90"> </td></tr></tbody></table>...the good news is that homes are now affordable.  Just look at Phoenix median home prices at $185,000.  That is quite affordable, much more so than $228,000 last year. In fact there has been a large upsurge in sales below $200,000 which will spur move up buyers.<img hspace="0" border="0" align="bottom" src="http://farm4.static.flickr.com/3112/2421209003_d63046dcd3.jpg" alt="Phoenix real estate" />It's not all good yet but its not as bad as it seems.  It looks like were near or at the bottom.  This month's sale (April) will reveal more once we finish it up as this is a crucial month.  Stay tuned next month. 9 application/xml false Phoenix home sales news Phoenix market trends Phoenix median home prices Phoenix real estate Phoenix real estate market trends Phoenix Real Estate Market Trends Overview | Greater Phoenix real estate and investments Historic graphs of the real estate market in Greater Phoenix item/180051 What is your Phoenix home worth? Estimted home values. http://www.AccessHomeValues.com 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