The line charts below show the annual appreciation based on annual average sales price per square foot for single-family detached homes in the 17 largest cities by dollar volume broken out by area:
Phoenix:
SE Valley:
West Valley:
NE Valley:
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2 observations:
- The visual trend line makes it easy to see that Annual Appreciation by Price per Sq. Foot is accelerating Valleywide - clearly reflecting both the lack of inventory relative to an unseasonably sustained demand and...
- With long term appreciation in the Valley averaging around 5% per year we're on track to be about double that in this year of the pandemic!
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