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Wednesday, January 25, 2006

November 2004 versus November 2005

The following compares the home resale and price figures for Valley communities of November 2004 to November 2005:

• Recorded sales in the city of Phoenix decreased from 2,565 sales to 2,140 sales, while the median sales price increased from $215,000 from $150,000, a 43% increase.
• Scottsdale's resale home market declined from 810 a year ago to 475 recorded sales in November 2005, however, the median sales price continued its upward movement by increasing from $430,000 a year ago to $595,000, a 38% increase.
• The Mesa resale housing market declined from 1,255 a year ago to 840 sales, while the median price increased from $167,950 to $241,000, a 43% increase.
• The Glendale resale housing market decreased from 725 to 580 sales, but the median sales price increased from $168,000 to $247,250, a 48% increase.
• The Sun City resale market fell from 190 to 130 sales, with the median sales price increasing to $225,000 from $150,000, a 50% increase. Resale activity in Sun City West also slowed from 110 to 60 sales, but the median sales price increased from $187,000 to $242,500, a 30% increase.
• Gilbert's resale market decreased from 555 to 425 sales, but the median sales price increased from $225,000 to $324,500, a 44% increase.
• For the city of Chandler, the resale market slowed from 720 to 520 recorded sales, while the median sales price increased from $200,000 to $295,900, a 48% increase.
• The resale market in Tempe decreased from 225 to 170 sales, with the median sales price increasing to $270,000 from $195,500, a 38% increase.
• Avondale's resale market fell from 210 to 190 sales, with the median price moving from $179,950 to $265,000, a 47% increase.
• The resale market in El Mirage decreased from 155 to 105 sales, while the median home price went from $148,000 to $222,500, a 50% increase.
• Goodyear declined from 185 to 100 sales, while the median price increased from $189,770 to $286,500, a 51% increase.
• The resale home market in Surprise decreased from 375 sales to 350, as the median home price increased to $263,590 from $183,000, a 44% increase.
• The highest median sales price was in Paradise Valley at $1,358,000.   

Contributed By: Aaron Freeman Realtor® Realty Executives Scottsdale Ranch 10301 N. 92nd Street, Suite 101 Scottsdale, AZ  85258 Mobile: (480) 323-8152 Email me

Posted by Aaron Freeman on January 25, 2006 | Permalink

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