| Phoenix House and Condo Prices |
| Quarterly Phoenix Area Home Prices Analysis |
The price of a house in Phoenix continues to climb. Here is a comparison of the median prices for houses, townhouses and condos in the greater Phoenix area from March 2005 to March 2004. This is great news for those who have already invested in a home. It's not-so-great news for those who are looking to buy a home in this market, or for those who are worried about the increase in their real estate taxes as the value of their home increases.
Don't forget that the median price is not the same as the average price, and it doesn't mean that all homes sell at that price. The median price means that half the homes sold were below that price, and half the homes sold were above that price.
The data for the following table, was provided by the Arizona Real Estate Center at ASU East.
Arizona House Prices
March 2004 vs. March 2005
| First Quarter 2004 | ||||
| Single-family Resale Homes Median Price |
Single-family New Homes Median Price |
Townhouse/ Condo Resale Median Price |
Townhouse/ Condo New Median Price |
|
| Ahwatukee | 213,450 | 268,010 | 145,000 | |
| Anthem | 284,805 | 243,175 | ||
| Avondale | 145,000 | 151,295 | ||
| Buckeye | 123,725 | 126,395 | ||
| Carefree | 484,250 | |||
| Cave Creek | 289,900 | 369,060 | ||
| Chandler | 167,190 | 236,860 | 110,420 | |
| El Mirage | 123,900 | 133,560 | ||
| Fountain Hills | 280,000 | 409,000 | 155,000 | 242,295 |
| Gilbert | 188,000 | 219,500 | 128,000 | |
| Glendale | 146,000 | 164,810 | 82,000 | |
| Goodyear | 165,000 | 167,345 | ||
| Higley | 188,750 | 173,525 | ||
| Laveen | 214,470 | 162,535 | ||
| Litchfield Park | 198,000 | 171,350 | ||
| Mesa | 146,000 | 202,400 | 99,000 | 129,570 |
| Paradise Valley | 895,000 | |||
| Peoria | 160,295 | 246,880 | 99,950 | |
| Phoenix | 128,500 | 156,505 | 92,875 | 161,200 |
| Queen Creek | 240,000 | 192,780 | ||
| Scottsdale | 346,000 | 590,865 | 170,000 | 241,830 |
| Sun City | 127,000 | 84,000 | ||
| Sun City West | 155,000 | 116,500 | ||
| Sun Lakes | 173,700 | 285,690 | ||
| Surprise | 150,000 | 166,425 | 45,500 | 90,500 |
| Tempe | 165,000 | 172,000 | 110,000 | |
| Tolleson | 139,250 | 152,865 | ||
| Wickenburg | 182,000 | 146,000 | ||
| Maricopa County | 159,705 | 180,510 | 110,000 | 161,900 |
| First Quarter 2005 | ||||
| Single-family Resale Homes Median Price |
Single-family New Homes Median Price |
Townhouse/ Condo Resale Median Price |
Townhouse/ Condo New Median Price |
|
| Ahwatukee | 280,000 | 252,895 | 165,000 | |
| Anthem | 330,000 | 284,940 | ||
| Avondale | 195,000 | 194,985 | ||
| Buckeye | 155,740 | 154,290 | ||
| Carefree | 675,000 | 357,000 | ||
| Cave Creek | 400,000 | 287,660 | 222,700 | |
| Chandler | 230,000 | 266,765 | 124,000 | 175,000 |
| El Mirage | 161,900 | 163,740 | ||
| Fountain Hills | 395,500 | 290,000 | 188,600 | 330,950 |
| Gilbert | 249,950 | 238,300 | 142,000 | |
| Glendale | 180,000 | 238,335 | 90,950 | |
| Goodyear | 215,165 | 226,140 | ||
| Higley | 238,500 | 182,415 | 157,940 | |
| Laveen | 235,000 | 196,680 | ||
| Litchfield Park | 225,000 | 219,580 | 169,000 | 371,195 |
| Mesa | 180,000 | 219,310 | 106,250 | 149,400 |
| Paradise Valley | 1,150,000 | |||
| Peoria | 210,000 | 272,550 | 110,000 | 107,580 |
| Phoenix | 159,400 | 195,000 | 112,000 | 174,685 |
| Queen Creek | 264,900 | 220,000 | ||
| Scottsdale | 463,000 | 624,645 | 223,700 | 312,900 |
| Sun City | 161,000 | 110,000 | ||
| Sun City West | 185,450 | 130,000 | ||
| Sun Lakes | 256,000 | 290,355 | ||
| Surprise | 200,000 | 209,275 | 90,880 | 110,910 |
| Tempe | 206,425 | 128,500 | ||
| Tolleson | 185,550 | 175,500 | ||
| Wickenburg | 199,000 | |||
| Maricopa County | 203,000 | 218,195 | 127,200 | 188,730 |
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