The Average Price of Homes In the Phoenix and Scottsdale Area – 2011 to 2018
Written By: admin / 08 / 03 / 2018
Average Price of cities in Maricopa County, Arizona between 2001 – 2018
PHOENIX REAL ESTATE VS SCOTTSDALE REAL ESTATE
In the year 2001, the average price of a home in Paradise Valley Real Estate was just slightly over $1,000,000. This is compared to Scottsdale Real Estate which was somewhere around $400,000. At the height of the housing bubble, between 2006 and 2008, you can see that Paradise Valley went up 150% where Scottsdale's prices increased by about 100%. Then, the crash occured and a decline occured, all the way to the low point in 2011 where they fell to just above the 2011 price points. Now, with a much healthier economy and stringent lending practices, in 2018, the prices have nearly gone up to their maximum levels -- particularly in Scottsdale at around $700,000. Paradise Valley still has a way to go but has made signficant gains recently and averages around $2,000,000 in 2018.
Peoria Real Estate VS Glendale Real Estate
Peoria Real Estate in 2001 started off at the same average price as Glendale Real Estate-- at just under $150,000. Then, while they both increased significantly during the housing bubble, Peoria ended up increasing to about $30,000 more in value. The crash happened which lead to the fall in real estate -- in this case to slightly below 2011 levels -- in the year 2011. The difference between the average home price in Glendale and Peoria increased to about $50,000 and has remained fairly consistent and only until recently the gap has closed to once again $30,000 in 2018.
Gilbert Real Estate VS Chandler Real Estate
The average difference in price between Gilbert real estate and Chandler real estate remains about the same -- starting a little above $150,000 in 2001, rising to about $370,000 in 2017, falling to around $190,000 at the low point in 2011 and risen, almost identically up to $350,000 currently, in 2018.
Fountain Hills Real Estate VS Scottsdale Real Estate
The average price of Fountain Hills Real Estate in 2011 was about $290,000, about $40,000 less than Scottsdale Real Estate which averaged just under $400,000. Fountain Hills Real Estate climbed to its hight between 2006 and 2008, at about $660,000 as opposed to scottsdale at $800,000. They both dropped significantly after 2008 and hith their bottom in 2011 -- Fountain Hills dropping to around $400,000 and Scottsdale around $500,000. Then, it's been a gradual increase in average price. Fountain Hills is at around $500,000 now and Scottsdale just above $700,000 mid-2018.
Phoenix Real Estate VS Cave Creek Real Estate
Cave Creek Real Estate has always been more expensive than the average price in Phoenix, starting in this graph in 2011 at about $300,000 on average compared to Phoenix at around $150,000. Interestingly, Cave Creek saw its height between 2005 and 2006 at $600,000 and started an early decline. Phoenix prices increased all the way to 2008 at just over $300,000 and then dove directly down to hit its bottom in 2009 at just under $150,000. Both areas started a steady increase. Now, Cave Creek real estate's average price is up to $500,000 and Phoenix is at around $300,000 in mid-2018.
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