West Valley

Glendale prices rise in 2nd Qtr

Glendale’s Median Sales price grew 4% in the 2nd Qtr, compared YoY with Q2 2018. The median sales price of $260,400 shows a 32% growth over the last 4 years, since the $197,000 median price posted in Q2 2015.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Goodyear Pricing Climbs Higher

The Median Price per Square Foot in Goodyear was up again this year, coming in at $143.46 last month compared with $134.89 in May’18 and $127.01 in May’17.

While we may be seeing more data and articles pointing towards a possible economic slow-down, prices in Goodyear are sitting almost 7% higher than they were last year.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Avondale Prices Rising Consistently

The Median Sales Price in Avondale has been rising about $10,000 per year when looking at May’s sales from 2017 - 2019. This seems to be in line with recent charts showing lower-priced areas continuing to appreciate, while higher-priced areas have shown signs of slowing down.

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Peoria Highlights the Pricing Trends

Sometimes you need to dig deeper to see the details, and Peoria is a perfect case in point.

Last month we saw that prices have been rising in Peoria, although the trend was flattening out. (see Peoria prices are up, and flat.)

When we dig a little further and look at the various zip codes, the trend becomes even more clear:

  • The lower-priced zip code (85345) has continued to increase.

  • The medium-priced zip code (85382) is up a meager 1% YoY.

  • The highest-priced zip code (85383) is actually down a few dollars compared with last year.

  • Note - zip code 85381 was not included in this chart, as there aren’t enough sales to get an accurate representation from a single month’s median price.

This matches some of the overall trends we’ve been seeing in recent months, where some cities have continued to appreciate, while others (including the luxury market) have shown some signs of the appreciation trends weakening.

It might be time to start paying attention to these trends on a neighborhood basis, and advise your clients accordingly…

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.

 

Glendale Prices Remain Flat

I pointed to some concerns about the pricing trend in Glendale a couple months ago (Mixed Signals in Glendale), and today’s follow-up chart confirms my suspicions.

Glendale’s Median Sales Price in May was up about 1% YoY from last May’s, $262,500 compared with $259,900 in May ‘18, after being down-to-flat for the entire 12 months in-between.

The high season isn’t over yet, so there’s still a chance for some price appreciation over the summer, but if we don’t see a bump in the next couple of months we could be in for a 2-year slowing trend…

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- Chris Butterworth

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Simple MLS Charts is supported by readers like you. If you find these charts useful, please consider becoming a patron with a small monthly pledge on Patreon.

* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.