Southeast Valley Appreciation. Some great, some flat. Where are you?

Cromford Daily Observation - In the Southeast Valley we see the following high appreciation areas comparing 1Q 2016 with 1Q 2015:

1. Tempe 85281 - 16%
2. Tempe 85283 - 16%
3. Mesa 85201 - 15%
4. Mesa 85204 - 13%
5. Mesa 85205 - 12%
6. Mesa 85208 - 12%
7. Chandler 85224 - 12%
8. Chandler 85225 - 10%
9. Mesa 85210 - 10%
10. Mesa 85202 - 10%

While these are not quite as impressive as the West Valley areas we looked at yesterday, they are well above the valley average. Notice that these are mostly the older parts of Mesa, Chandler and Tempe with relatively little new construction.

The worst performing ZIP codes for appreciation in the Southeast Valley are among the more expensive areas:

1. Mesa 85207 - down 5%
2. Phoenix 85045 - down 2%
3. Tempe 85284 - down 1%
4. Phoenix 85048 - flat
5. Mesa 85215 - flat