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Phoenix Home Values Up 25% In Past 12 Months

June 1, 2012 by Carmen Brodeur

The Phoenix Business Journal is today reporting that a new report from Arizona State University shows that the average Phoenix home is up in value 25% in the past 12 months. The Phoenix and Scottsdale real estate markets have seen a huge surge in the past year, but home prices are still at a huge discount from 2005-2006 prices. The real estate markets are starting their comeback, but have a long way to go. The study by Michael Orr of the ASU WP Carey School of Business indicates that single family homes in Maricopa and Pinal counties showed a 25% increase in the past 12 months. The average price per square foot rose 16.5 percent in the same time frame. As an example, a home that was previously valued at $112,000 in April 2011 was worth $140,000 in April 2012. The prices of condominiums and townhomes were also significantly up, rising 23% in the past 12 months.

Check out more information about current market trends on our website. We provide charts, graphs and articles about the Phoenix and Scottsdale real estate market. Please call Carmen at (602) 791-0536 with any questions.

 

Carmen Brodeur JD
Realtor
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
(602) 791-0536
Carmen@TopScottsdaleHomes.com
www.TopScottsdaleHomes.com

Carmen Brodeur Scottsdale RealtorVoted in the Top 3 Real Estate Agents in Arizona by the readers of Ranking Arizona Magazine, 2015-2025. Her background as an Attorney gives her special expertise with contracts and negotiations. Carmen has a proven track record of success with buyers and sellers in Scottsdale.

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Your Scottsdale Real Estate Connection

Whether you are buying or selling, we are committed to providing you with exceptional service. Put our experience to work for you. Contact Carmen Brodeur today at Carmen@TopScottsdaleHomes.com

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We are conveniently located in North Scottsdale.

Trillium Properties, LLC
20715 N. Pima Road, Suite 108
Scottsdale AZ 85255
(602) 791-0536
Carmen@TopScottsdaleHomes.com
 
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