Monday, May 16, 2016

West Valley Real Estate Comback

Turning our attention to the West Valley single family market, we see even more contrast between the low and high end of the market.
  • Homes under $250,000 - average rise of 10.4% in $ per sq. ft. between Feb - Apr 2015 and Feb - Apr 2016
  • Homes between $250,000 and $500,000 - average rise of 1.2% in $ per sq. ft.
  • Homes over $500,000 - average fall of 5.0% in $ per sq. ft.
The fastest rising prices are to be found in:
  1. Glendale 85301 +22.5%
  2. Youngtown 85363 +18.8%
  3. Tolleson 85353 +15.7%
  4. Sun City 85351 +15.3%
  5. Glendale 85303 +14.1%
  6. Glendale 85302 +12.1%
  7. Buckeye 85326 +11.6%
  8. Peoria 85345 +11.3%
  9. Laveen 85339 +11.2%
The weakest places for appreciation are:
  1. Glendale 85310 -1.1%
  2. Peoria 85381 +0.9%
  3. Peoria 85383 +3.2%
  4. Surprise 85374 +3.8%
All other areas are over 5%

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