Arizona Home Prices
1st Qtr 2004 vs. 1st Qtr 2005

Homes - Phoenix area sale prices Existing single family homes
	Median Sale Price 1st Qtr 2004	Median Sale Price 1st Qtr 2005	Dollar Increase	Percent Increase
Northeast
Scottsdale	$346,000	$463,000	$117,000	34%
Southeast
Chandler	$167,190	$230,000	$62,810	38%
Gilbert	$188,000	$249,950	$61,950	33%
Mesa	$146,000	$180,000	$34,000	23%
Tempe	$165,000	$206,425	$41,425	25%
Central
Phoenix	$128,500	$159,400	$30,900	24%
Northwest
El Mirage	$123,900	$161,900	$38,000	31%
Glendale	$146,000	$180,000	$34,000	23%
Sun City	$127,000	$161,000	$34,000	27%
Sun City West	$155,000	$185,450	$30,450	20%
Surprise	$150,000	$200,000	$50,000	33%
Southwest
Avondale	$145,000	$195,000	$50,000	34%
Goodyear	$165,000	$215,165	$50,165	30%
Condos - Phoenix Area Sale Prices Existing condos, townhouses and patio homes
	Median Sale Price 1st Qtr 2004	Median Sale Price 1st Qtr 2005	Dollar Increase	Percent Increase
Northeast
Scottsdale	$170,000	$223,700	$53,700	32%
Southeast
Chandler	$110,240	$124,000	$13,760	12%
Gilbert	$128,000	$142,000	$14,000	11%
Mesa	$99,000	$106,250	$7,250	7%
Tempe	$110,000	$128,500	$18,500	17%
Central
Phoenix	$92,875	$110,000	$17,125	18%
Northwest
Glendale	$82,000	$90,950	$8,950	11%
Sun City	$84,000	$110,000	$26,000	31%
Sun City West	$116,500	$130,000	$13,500	12%

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.

Archive of Arizona Real Estate Reports

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