Arizona Home Prices
February 2004 vs. February 2005

Homes - Phoenix area sale prices Existing single family homes
	Median Sale Price Feb 2004	Median Sale Price Feb 2005	Dollar Increase	Percent Increase
Northeast
Scottsdale	$340,000	$469,400	$129,400	38%
Southeast
Chandler	$163,500	$230,000	$66,500	41%
Gilbert	$183,000	$244,000	$61,000	33%
Mesa	$147,200	$180,000	$32,800	22%
Tempe	$163,000	$198,900	$35,900	22%
Central
Phoenix	$128,000	$160,000	$32,000	25%
Northwest
El Mirage	$122,685	$165,300	$42,615	35%
Glendale	$146,500	$175,000	$28,500	19%
Sun City	$127,750	$159,900	$32,150	25%
Sun City West	$160,000	$189,900	$29,900	19%
Surprise	$150,750	$198,000	$47,250	31%
Southwest
Avondale	$145,230	$196,000	$50,770	35%
Goodyear	$171,750	$208,400	$36,650	21%
Condos - Phoenix Area Sale Prices Existing condos, townhouses and patio homes
	Median Sale Price Feb 2004	Median Sale Price Feb 2005	Dollar Increase	Percent Increase
Northeast
Scottsdale	$169,500	$206,000	$36,500	22%
Southeast
Chandler	$116,250	$121,750	$5,500	5%
Gilbert	$135,000	$142,750	$7,750	6%
Mesa	$102,000	$107,500	$5,500	5%
Tempe	$110,000	$129,950	$19,950	18%
Central
Phoenix	$91,490	$113,690	$22,200	24%
Northwest
Glendale	$82,910	$81,500	-$1,410	-2%
Sun City	$79,000	$110,000	$31,000	39%
Sun City West	$113,000	$130,000	$17,000	15%

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.

CLICK HERE to see the newest Arizona real estate price graphs. Then click "read more" to see full report with graphs.

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