How far is your house from the top?

Are we in a bubble? Should I sell?  Should I buy?  All valid questions.  The frustrating response that usually has to be given is..."it depends".  If you'd like more specific information please reach out.

The below information is how far off specific zip codes are from their peak pricing before the crash.

Cromford Daily Observation - For the Southeast Valley, the percentage below the peak in $/SF pricing for single family homes is as follows:

1. Tempe 85282 -15%
2. Chandler 85286 -15%
3. Tempe 85281 -16%
4. Tempe 85283 -16%
5. Chandler 85224 -18%
6. Mesa 85210 -18%
7. Mesa 85202 -18%
8. Chandler 85226 -19%
9. Tempe 85284 -20%
10. Chandler 85225 -21%
11. Mesa 85204 -21%
12. Mesa 85203 -21%
13. Mesa 85205 -21%
14. Mesa 85206 -22%
15. Gilbert 85233 -22%
16. Phoenix 85044 -22%
17. Gilbert 85234 -23%
18. Gilbert 85297 -23%
19. Chandler 85249 -23%
20. Sun Lakes 85248 -24%
21. Mesa 85209 -24%
22. Mesa 85208 -24%
23. Phoenix 85048 -25%
24. Mesa 85212 -25%
25. Mesa 85207 -25%
26. Gilbert 85296 -25%
27. Mesa 85201 -26%
28. Mesa 85213 -27%
29. Gilbert 85295 -27%
30. Gilbert 85298 -27%
31. Mesa 85215 -29%
32. Phoenix 85045 -32%

Generally we can see that Tempe has recovered closest to its peak while Ahwatukee has the furthest to go, especially as we travel west..

Northeast Valley, here is how far single family pricing is below the peak of 8-10 years ago:

1. Scottsdale 85251 -2%
2. Scottsdale 85257 -8%
3. Scottsdale 85250 -15%
4. Scottsdale 85255 -15%
5. Scottsdale 85258 -20%
6. Scottsdale 85254 -21%
7. Scottsdale 85260 -24%
8. Fountain Hills 85268 -26%
9. Carefree 85377 -26%
10. Cave Creek 85331 -27%
11. Scottsdale 85259 -27%
12. Scottsdale 85262 -28%
13. Paradise Valley -29%
14. Scottsdale 85266 -31%
15. Rio Verde 85263 -36%

South Scottsdale and Old Town Scottsdale are clearly the top performers in this group and beat any area from the West Valley or Central & North Valley that we examined over the last 2 days.

Central & North Valley, here are how far below the peak we are in the various ZIP codes (single family homes only):

1. Phoenix 85018 -12%
2. Phoenix 85013 -12%
3. Phoenix 85014 -13%
4. Phoenix 85006 -14%
5. Phoenix 85015 -18%
6. Phoenix 85003 -18%
7. Phoenix 85021 -18%
8. Phoenix 85008 -19%
9. Phoenix 85020 -20%
10. Phoenix 85007 -20%
11. Phoenix 85028 -21%
12. Phoenix 85032 -21%
13. Phoenix 85054 -21%
14. Phoenix 85024 -23%
15. Phoenix 85050 -23%
16. Phoenix 85027 -24%
17. Phoenix 85012 -24%
18. Phoenix 85022 -24%
19. Phoenix 85023 -25%
20. Phoenix 85016 -25%
21. Phoenix 85053 -26%
22. Phoenix 85085 -26%
23. Phoenix 85029 -26%
24. Phoenix 85042 -27%
25. Phoenix 85083 -29%
26. Anthem 85086 -29%
27. Phoenix 85051 -30%
28. Phoenix 85019 -32%
29. New River 85087 -33%
30. Phoenix 85031 -34%
31. Phoenix 85017 -35%
32. Phoenix 85033 -35%
33. Phoenix 85041 -35%
34. Phoenix 85043 -36%
35. Phoenix 85004 -37%
36. Phoenix 85037 -37%
37. Phoenix 85040 -37%
38. Phoenix 85035 -38%
39. Phoenix 85009 -39%
40. Phoenix 85034 -62%

Phoenix 85018 is helped by the popularity of Arcadia.

The percentage in the table below is comparing the current average $/SF for single family homes in the West Valley with the peak for that same ZIP code in the mid 2000's:

1. Sun City West -21%
2. Surprise 85374 -25%
3. Glendale 85308 -25%
4. Glendale 85306 -25%
5. Avondale 85392 -26%
6. Glendale 85304 -26%
7. Peoria 85382 -26%
8. Sun City 85373 -26%
9. Sun City 85351 -26%
10. Peoria 85381 -27%
11. Glendale 85310 -27%
12. Glendale 85302 -27%
13. Peoria 86383 -28%
14. Surprise 85378 -29%
15. Peoria 85351 -29%
16. Surprise 85387 -31%
17. Litchfield Park 85340 -31%
18. Wittmann 85361 -31%
19. Surprise 85388 - 32%
20. Surprise 85379 -32%
21. Glendale 85303 -32%
22. Glendale 85301 -32%
23. Tonopah 85354 -32%
24. Glendale 85305 -33%
25. Wickenburg 85390 -35%
26. Goodyear 85338 -35%
27. Youngtown 85363 -36%
28. Tolleson 85353 -36%
29. Laveen 85339 -36%
30. Avondale 85323 -37%
31. Glendale 85301 -37%
32. Buckeye 85396 -38%
33. El Mirage 85335 -38%
34. Buckeye 85326 -41%
35. Goodyear 85395 -45%
36. Waddell 85355 -49%