A new report from the W. P. Carey School of Business at Arizona State University shows stagnation hit the Phoenix-area housing market as 2013 came close to an end. Phoenix-area home prices have been going up since they hit a low point in September 2011, but the increases have slowed down in recent months.
The latest data for Maricopa and Pinal counties, as of November, reveals:
• Price gains continuing to slow, even though the median single-family-home price went up 23 percent from November 2012 to November 2013.
• Sales activity down 27 percent at the same time.
• Investor interest and construction permits also falling off.
The median single-family-home price went up 23 percent from November 2012 to this past November – from $162,500 to $200,000. Realtors will note the average price per square foot rose about 18 percent. The median townhouse/condo price went up about 20 percent, to $119,900.
http://www.arizonadailyindependent.com/2014/01/13/stagnation-hit-the-phoenix-area-housing-market/
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
This website uses cookies.