Arizona Homes and Real Estate - Sale prices
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Arizona Home Prices
May 2004 versus May2005


Homes - Phoenix area sale prices
Existing single family homes
 

Median
Sale Price
May 2004

Median
Sale Price
May 2005
Dollar
Increase
Percent
Increase
Northeast
Scottsdale $379,135 $527,500 $148,365 39%
Southeast
Chandler $179,000 $252,105 $73,105 41%
Gilbert $190,310 $285,000 $94,690 50%
Mesa $150,000 $213,000 $63,000 42%
Tempe $175,000 $236,950 $61,950 35%
Central
Phoenix $135,000 $185,000 $50,000 37%
Northwest
El Mirage $127,500 $185,700 $58,200 46%
Glendale $155,000 $215,000 $60,000 39%
Sun City $135,750 $188,000 $52,250 38%
Sun City West $160,000 $222,000 $62,000 39%
Surprise $158,000 $231,000 $73,000 46%
Southwest
Avondale $158,950 $226,000 $67,050 42%
Goodyear $183,900 $245,000 $61,100 33%

Condos - Phoenix Area Sale Prices
Existing condos, townhouses and patio homes
  Median
Sale Price
May 2004
Median
Sale Price
May 2005
Dollar
Increase
Percent
Increase
Northeast
Scottsdale $173,500 $244,000 $70,500 41%
Southeast
Chandler $114,900 $135,250 $20,350 18%
Gilbert $123,950 $160,000 $36,050 29%
Mesa $99,900 $115,000 $15,100 15%
Tempe $113,000 $150,000 $37,000 33%
Central
Phoenix $103,750 $118,500 $14,750 14%
Northwest
Glendale $82,500 $94,750 $12,250 15%
Sun City $86,500 $120,000 $33,500 39%
Sun City West $113,450 $165,000 $51,550 45%

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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