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Gary Scott
Phone
(480) 948-0550
Mobile
(602) 402-8594
Toll Free
(866) 464-2140
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John Hall & Associates
9366 E. Raintree Dr. #101
Scottsdale, AZ 85260

 
 
Scottsdale Real Estate, Phoenix Real Estate, Scottsdale Homes for Sale, Scottsdale Az Real Estate Listings, Scottsdale Az Homes

Phoenix AZ - Real Estate Statistics

These charts provide a history of the Scottsdale and Phoenix metro area real estate statistics:

Phoenix has been one of the fastest-growing metro areas in the U.S., consistently adding more than 100,000 people to its population each year for the past eight years. Greater Phoenix is set and ready for more growth when the market turns. 
 
There are glimmers of home and the market is gaining momentum and the long-term fundamentals are still good for Phoenix. The long term economic outlook remains favorable.
 

Average Sold and New List Prices 2001-2008

The average peaked in 2005 and is now in a state of correction. The home owner who purchased prior to the spike saw an avearge of 60-75% in equity from 2004 to 2005. The downtrend in 2007-2008 shows a loss of approximately 18-20%. The overall gain over the 2001-2008 time span is substantial.

Phoenix Metro Area - Number of Listings and Sales 2002-2008

In the frenzy real estate market of 2005, Phoenix properties were selling immediatly upon entering the market. There were multiple factors contributing to the interest in purchasing real estate. But, this unrealistic trend could not contine forever.  The real estate market began to slow down and make a correction. The huge inventory in late 2007 transformed the ripe sellers market became the buyers market.  The 2008 market is slowly absorbing the inventory as the number of sales has increased each month.

Phoenix Metro Area Avg & Median SOLD Prices 2001-2008

The sold prices jumped in the 2005 frenzy. They are now reduced but there is still good equity for properties purchased prior to 2005.

Arizona MLS Single Family Historical Appreciation 04-08

The Median price for a single family home in the greater Phoenix metro area from July 2004 through September 2005 shows an increase of $85,000.  The market correction from September 2007 through June 2008 was $50,000.  The overall gain is $35,000.  The long term growth continues to increase over time surviving the swings of the market.

For additional information regarding Scottsale or Phoenix, Arizona Real Estate,

please send direct e-mail request to
Realtors GaryandClaudia@cox.net
Your Realtors for Life!

or call our Toll Free Number ,

   866-464-2140   

             

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