Real estate seems to be normalizing in the Phoenix area; foreclosures and short sales are approaching normal levels again and construction starts are up. In 2012 six of the 50 top selling master planned communities in the U.S. were in the Phoenix area*. They were:
- Ironwood Crossing in Queen Creek
- Power Ranch in Gilbert
- Vistancia in Peoria
- Hastings Farms in Queen Creek
- Verrado in Buckeye
- Estrella in Goodyear
- Freeman Farms in Gilbert
© Judy Hedding
Here is a chart of the median and average home sale prices in the Greater Phoenix area comparing December 2012 to December 2011. Note that my chart excludes foreclosures and short sales, and only shows regular sales, marking the improvement in those real estate sales at around 15%. It's all a very good sign.
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