Arizona Home Prices
November 2003 versus November 2004

Homes - Phoenix area sale prices Existing single family homes
	Median Sale Price Nov. 2003	Median Sale Price Nov. 2004	Dollar Increase	Percent Increase
Northeast
Scottsdale	$322,000	$430,000	$108,000	34%
Southeast
Chandler	$169,500	$200,000	$30,500	18%
Gilbert	$179,900	$225,000	$45,100	25%
Mesa	$144,750	$167,950	$23,200	16%
Tempe	$172,500	$195,500	$23,000	13%
Central
Phoenix	$129,500	$150,000	$20,500	16%
Northwest
El Mirage	$123,450	$148,000	$24,550	20%
Glendale	$145,000	$168,000	$23,000	16%
Sun City	$126,950	$150,000	$23,050	18%
Sun City West	$145,000	$187,000	$42,000	29%
Surprise	$143,000	$183,000	$40,000	28%
Southwest
Avondale	$149,900	$179,950	$30,050	20%
Goodyear	$168,000	$189,770	$21,770	13%
Condos - Phoenix Area Sale Prices Existing condos, townhouses and patio homes
	Median Sale Price Nov. 2003	Median Sale Price Nov. 2004	Dollar Increase	Percent Increase
Northeast
Scottsdale	$152,000	$186,500	$34,500	23%
Southeast
Chandler	$103,750	$119,000	$15,250	15%
Gilbert	$119,950	$136,450	$16,500	14%
Mesa	$95,000	$102,500	$7,500	8%
Tempe	$110,000	$125,000	$15,000	14%
Central
Phoenix	$91,500	$110,000	$110,000	20%
Northwest
Glendale	$82,750	$85,000	$2,250	3%
Sun City	$80,000	$94,900	$14,900	19%
Sun City West	$108,950	$124,000	$15,050	14%

Home and condo sales figures are based on data released by the Arizona Real Estate Center at the W. P. Carey School of Business, Arizona State University. We, however, may occasionally make errors when handling the ASU data and so we do not guarantee the accuracy of the data in the table above.

Be careful. Comparing sale prices from two months can be misleading. For example, price changes between April 2003 and April 2004 can be very different compared to price changes between May 2003 and May 2004. You should also look at price trends over many months using quarterly and annual comparisons.

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