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Phoenix House and Condo Prices

From Judy Hedding,
Your Guide to Phoenix, AZ.
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Quarterly Phoenix Area Home Prices Analysis

Here is a comparison of the median prices for houses, townhouses, and condos in the greater Phoenix area from June 2006 to June 2005. 

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
June 2005 vs. June 2006

2nd 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 325,000 269,680 188,000  
Anthem 370,000 343,800    
Avondale 229,900 212,320    
Buckeye 185,000 171,360    
Carefree 755,000   405,000  
Cave Creek 470,000 412,210    
Chandler 265,000 298,380 142,500 173,850
El Mirage 185,000 171,405    
Fountain Hills 460,000 588,575 229,000 314,900
Gilbert 283,500 277,390 165,000 169,020
Glendale 215,000 241,130 99500  
Goodyear 245,450 253,325    
Higley 270,500 207,040   155,190
Laveen 239,900 218,005    
Litchfield Park 270,000 300,000 151,500 124,900
Mesa 210,000 245,925 118,710 145,905
Paradise Valley 1292,500      
Peoria 245,000 316,340 133,000 169,380
Phoenix 182,500 224,470 120,250 199,950
Queen Creek 296,750 238,340    
Scottsdale 521,250 708,330 249,000 385,000
Sun City 185,000   121,750  
Sun City West 220,000   158,000  
Sun Lakes 260,000 336,200    
Surprise 231,000 231,295 68,000  
Tempe 237,000   151,500  
Tolleson 209,900 198,190    
Wickenburg 224,500      
       
Maricopa County 235,500 240,610 145,000 201,000
       

2nd Quarter 2006

  Single-family
Resale Homes Median Price
Single-family
New Homes
Median Price
Townhouse/
Condo
Resale 
Median Price
Townhouse/
Condo
New 
Median Price
Ahwatukee 376,500 633,755 217,995 216,150
Anthem 429,000 342,845    
Avondale 260,000 278,250    
Buckeye 223,950 259,240    
Carefree 998,000 561,115 355,000  
Cave Creek 526,875 704,415    
Chandler 297,900 456,145 182,000 226,500
El Mirage 215,200 235,380    
Fountain Hills 543,725   227,000 411,000
Gilbert 330,000 355,000 214,000  
Glendale 250,000 390,410 145,000 156,500
Goodyear 294,000 371,670    
Higley 322,000 296,195   240,570
Laveen 285,000 275,730    
Litchfield Park 315,000 450,790    
Mesa 248,000 311,300    
Paradise Valley 1,691,375      
Peoria 279,650 394,995 168,000 223,930
Phoenix 223,000 294,435 150,000 234,655
Queen Creek 361,500 353,050    
Scottsdale 615,000 838,230 267,500 322,425
Sun City 231,000   135,000  
Sun City West 252,500   169,500  
Sun Lakes 304,500 383,905 226,000  
Surprise 255,000 311,035 110,575  
Tempe 288,000   194,000 336,835
Tolleson 247,000 255,000    
Wickenburg 230,000 446,700    
       
Maricopa County 265,000 313,775 175,000 235,000
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