Phoenix Area Real Estate Update
Statistics from September 2016
East Valley Cities Median Price Chart
| 4/16 | 5/16 | 6/16 | 7/16 | 8/16 | 9/16 | |
| Chandler | $253K | $270K | $279K | $260K | $273K | $265K |
| Gilbert | $275K | $275K | $280K | $280K | $285K | $292K |
| Mesa | $199K | $210K | $209K | $210K | $220K | $216K |
| Scottsdale | $399K | $415K | $404K | $390K | $389K | $394K |
| Tempe | $248K | $250K | $240K | $248K | $240K | $250K |
For more charts and graphs check the How's The Market section of our website
Metro Phoenix housing market - from worst to almost first
Phoenix has gone from being one of the worst housing markets to one of the best in less than a decade. The Valley landed at No. 2 on Bankrate.com’s list of the top U.S. cities for homeowners.
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Sellers flee high priced states for affordability in Arizona
More home owners are making a move from some of the priciest housing markets, like California, and moving to lower-cost areas, like Arizona.
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Spread the message: equity is growing
Homeowners, on average, saw a gain in equity of $11,000 last year. Since 2011, the value of the nation’s single-family housing market has gone up 40 percent.
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View all Valley homes for sale, pending and recently sold
1 in 10 may be missing out on mortgage savings
Most borrowers have refinanced to take advantage of low rates, but, strangely more than 1 in 10 have not. These borrowers have rates above 5 percent, while the rest of us sit around 3.5%.
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