Friday, March 14, 2014

Phoenix-area median home prices jump in 2013

Source:  The Republic/AZCentral
3/14/14

Phoenix
Overall, Phoenix saw its median price jump by 31.1 percent from 2012 to 2013.
Every ZIP in Phoenix saw at least a 5 percent or more increase in its overall median price from 2012 to 2013. More than half saw increases of 25 percent or more.
Scottsdale/Northeast Valley
  
The pricey Northeast Valley saw consistent gains across the board in its overall median price in 2013 over 2012. Each municipality saw gains of 14.3 to 19.5 percent in its overall median price.
Three ZIP codes in the area saw increases over their 2008 median price in 2013. They're small gains for now (0.8 to 3.4 percent) but it's still an improvement: 85250 in Scottsdale went from $290,000 to $299,990 (3.4 percent); 85251 in Scottsdale went from $275,000 to $280,000 (1 percent); and 85331 in Cave Creek went from $396,730 to $400,000 (up 0.8 percent).
Scottsdale's 85257 saw the biggest increase in overall median price from 2012 to 2013 with a 28.8 percent increase.
Paradise Valley's 85253 continues its reign as top ZIP for overall median price in the Valley at $1,315,000.
For the complete article, click HERE.

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