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Monday, December 18, 2006

Nov. Housing Market in the Valley Held Steady

From the Arizona Republic:


Metropolitan Phoenix's housing market continues to show a steady pulse, with prices for existing homes edging up less than 1 percent in November to $259,000. 5,040 homes sold in November, up from the 4,985 sales recorded in October 2006, according to the latest housing report from the Arizona Real Estate Center at ASU. Last year, nearly 7,200 homes sold in November. "Instead of being overactive, or no pulse, it's running at a normal pulse," said Jay Butler, who heads the Real Estate Center. "It's a good, strong pulse. It's just not the pulse people like." Butler added that sales and prices are much more sustainable than those recorded in 2005. Sellers have been able to get about the same price for their homes for the past several months. Prices varied throughout the Valley, with Scottsdale showing a median resale price increase of 5.9 percent from November 2005 to November 2006, while Goodyear saw prices drop 11.9 percent over last year.

For the full article click here.

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Elena Thurston, Family Realtor @ 7:46 PM
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Name: Elena Thurston, Family Realtor
Home: Gilbert, Arizona, United States
About Me: My passion is Family Real Estate. Families need more than just a nice house, they need a neighborhood and community where they can give and receive a feeling of home. I am one of the rare Arizona natives. I received my bachelors degree at Arizona State University and my real estate license at Arizona School of Real Estate and Business.
See my complete profile


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