Arizona Homes and Real Estate - Sale prices
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Arizona Home Prices
April 2004 vs. April 2005


Homes - Phoenix area sale prices
Existing single family homes
  Median
Sale Price
Apr 2004
Median
Sale Price
Apr 2005
Dollar
Increase
Percent
Increase
Northeast
Scottsdale $365,000 $475,000 $110,000 30%
Southeast
Chandler $168,130 $253,335 $85,205 51%
Gilbert $180,890 $270,000 $89,110 49%
Mesa $150,000 $195,250 $45,250 30%
Tempe $174,000 $222,000 $48,000 28%
Central
Phoenix $131,250 $174,000 $42,750 33%
Northwest
El Mirage $121,450 $174,900 $53,450 44%
Glendale $151,000 $200,000 $49,000 32%
Sun City $132,400 $178,500 $46,100 35%
Sun City West $160,000 $208,700 $48,700 30%
Surprise $154,400 $220,000 $65,600 42%
Southwest
Avondale $153,750 $217,450 $63,700 41%
Goodyear $174,750 $230,500 $55,750 32%

Condos - Phoenix Area Sale Prices
Existing condos, townhouses and patio homes
  Median
Sale Price
Apr 2004
Median
Sale Price
Apr 2005
Dollar
Increase
Percent
Increase
Northeast
Scottsdale $172,000 $239,950 $67,950 40%
Southeast
Chandler $114,280 $140,500 $26,220 23%
Gilbert $120,750 $155,000 $34,250 28%
Mesa $99,000 $117,500 $18,500 19%
Tempe $119,900 $146,900 $27,000 23%
Central
Phoenix $102,500 $123,250 $20,750 20%
Northwest
Glendale $83,000 $106,000 $23,000 28%
Sun City $82,000 $116,000 $34,000 41%
Sun City West $121,000 $143,000 $22,000 18%

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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