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Gary Scott
Phone
(480) 948-0550
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(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.  

 Phoenix Metro Area - Number of Listings and Sales 2002-2010

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 SOLD 2001-2010

Home Sales Per Month Phoenix

Average Sales Price Per Month Phoenix

 
The sold prices jumped in the 2005 frenzy. They are now reduced but there is still positive 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
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GaryandClaudia@cox.net
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   866-464-2140   

             

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