Blog > Phoenix prices are historically high

Phoenix prices are historically high

by www-4salearizona-comSeptember 04, 2019

Taking a look at the Median Sales Price in Phoenix since the turn of the century, there are a few things that jump off the page at me:

  • The current prices have reached all-time high levels.

  • The Boom and Bust years are clear to see, where the market was completely out of whack.

  • The trendline (appreciation rate) from the earlier years (2000 – 2004) showed the prices increasing at a slower pace than they have been recently.

  • The trendline from 2014 – current shows prices appreciating at a much faster clip – definitely faster than most peoples’ incomes have been rising over the same timeframe. Is this sustainable?

Sometimes I like taking a long-term look at the market to see how far prices have risen over the last couple decades. (But it also makes me wish I had bought a lot more property on the left-side of the timeline!)

To search Phoenix homes for sale click here.

To see what the value of your Phoenix home is click here.

Glendale prices surge over the summer(Opens in a new browser tab)

East Valley Prices Continue to Appreciate(Opens in a new browser tab)

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John Doering

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