Arizona Home Prices Down in West Valley, up in Chandler and Gilbert

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Arizona median home prices were lower in several West Valley cities in January. Prices were higher in Chandler and Gilbert

Several West Valley cities in metropolitan Phoenix, Arizona showed median home price declines of more than 2 percent in January compared to last November. Those cities were Sun City, Surprise, Phoenix, Glendale, Goodyear and Avondale. Two cities showed price increases of more than 2 percent, Chandler and Gilbert.

Median price graphs for single family homes in 13 Phoenix area cities can be seen at http://www.homesalenews.com/prices/1_Arizona_Home_Prices.htm .

A graphic analysis by John L. Wake, a real estate agent with HomeSmart Real Estate, and using data published by the Arizona Real Estate Center at Arizona State University, shows the median sale price of single family homes in 13 Valley cities from 2003 through January 2006.

Cities included in the study were Avondale, Chandler, El Mirage, Gilbert, Glendale, Goodyear, Mesa, Phoenix, Scottsdale, Sun City, Sun City West, Surprise and Tempe, Arizona. Month to month price changes do not necessarily reflect longer term price trends.

John L. Wake is a real estate agent with HomeSmart Real Estate and he publishes a free weekly email newsletter called Home Sale News, http://www.homesalenews.com . John L. Wake has a masters degree in agricultural economics and worked as an economist for the US Department of Agriculture in Washington DC, before returning to his native Arizona and becoming a Realtor.

John L. Wake, M.S. ABR

Realtor

HomeSmart Real Estate

480-596-3851 direct

480-600-0947 cell

480-607-6471 fax

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