Phoenix has seen strong pricing appreciation over the last 3 years when comparing the median price per square foot for the 2nd quarter, year over year.
The price per square foot rose by $11 in 2016 (YoY), $8 in 2017, and $12 in 2018. In percentage terms, the increases were 7%, 6%, and 8%. Prices have been rising faster than the economy as a whole, so we'll have to keep our eyes on this trend..
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.