• Home
  • Communities
    • McDowell Mountain Ranch
      • Arizona Highlands
      • Arizona Vintage
      • Armonico
      • Cachet
      • Castle Chase
      • Cimarron Hills
      • Cimarron Ridge
      • Community Center
      • Desert Cliffs
      • Discovery Canyon
      • Discovery Trails
      • Eagle Ridge
      • Mirador
      • Montecito
      • One Hundred Hills
      • Panorama Point
      • Sienna Canyon
      • Sonoran Estates
      • Sonoran Fairways
      • Sunrise Point
      • Sunset Point
      • The Overlook
      • The Ridge
      • The Summit
      • Trovas
      • Vermillion Cliffs
    • Grayhawk
    • Aviano
    • DC Ranch
    • Desert Ridge
    • Windgate Ranch
    • Lone Mountain
    • Desert Mountain
    • Scottsdale Mountain
    • Scottsdale Ranch
    • Luxury Homes
    • Golf Course Homes
  • Buyers
  • Sellers
  • About Us
  • Testimonials
  • Blog
  • Contact

Jeff Cameron

HomeSmart

480-652-2004

Follow Us on FacebookFollow Us on Google+Follow Us on TwitterFollow Us on LinkedInFollow Us on YouTube

REAL ESTATE PRICES BREAK OUT WITH NEW HIGH IN METRO PHOENIX

September 2, 2009 By Jeff Cameron

Print Friendly, PDF & Email

I can’t imagine anyone is breaking out the champagne to celebrate in today’s world. However, the reality is we are at a new high with home values for 2009 right now.

The real estate market in metro Phoenix has been hit hard due to the mortgage melt down and ensuing REO/Bank Owned/Foreclosure and Short Sale homes that hit the market. They all were are part of the price declines. Values have been dropping since 2006.

Well we might just be seeing a bottom to the real estate market. I don’t believe in using price per square foot to value a home, but it is the best barrometer to show what is happening in the market. In January of 2009, the average selling price for a Single Family Home in metro Phoenix was $80.95. It seems to have bottomed in March at $73.51, because it has slowly risen to $82.24 as of August of 2009.

Homes, on average, are selling for more than their asking price. I wonder if this is the first time that has happened???? The average asking price was $81.16 and the average selling price was $82.24. That is an Awesome sign for our market. As long as the banks don’t flood us with a ton of new REO listings, this trend should continue.

See the graphs below to show the numbers. Remember if you click on the graph it will enlarge for better viewing.

If you have any questions about the market here in metro Phoenix or Scottsdale, please give me a call or email.

Just my opinion…Jeff Cameron…based on fact

Filed Under: Latest News Tagged With: "bank owned", "Foreclosure homes", Arizona bank deals, Arizona Real Estate, Arizona Republic, AZ Bank Owned Homes, AZ Homes, jeff cameron, metro Phoenix home sales, Phoenix Real Estate, real estate, real estate in Scottsdale, real estate market report, real estate update, scottsdale, short sale, the cameron team, www.arizonabankdeals.com, www.noforeclosureAZ.com, www.thecameronteam.com

Categories

  • McDowell Mountain Ranch
  • Scottsdale
  • Grayhawk
  • Desert Ridge
  • Phoenix
  • DC Ranch
  • Fun In Arizona
  • Action Sports
  • Gilbert
  • Local Businesses
  • Peoria
  • Glendale
  • Paradise Valley
  • Mesa
  • Tempe

Calculate Mortgage Payments

www.mlcalc.com

Contact Us

Jeff Cameron

The Cameron Team
8388 E Hartford Ave,
Scottsdale, AZ 85255

Jeff: 480-652-2004

JeffRCameron@gmail.com

Copyright © 2025 Jeff Cameron
8388 E Hartford Ave Scottsdale, AZ 85255 · 480-652-2004 · jeffRcameron@gmail.com
Powered by