May 2012 Housing Report

7/31/2019 May 2012 Housing Report

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Michael J Orr, Director

Center for Real Estate Theory and Practice

W P Carey School of BusinessArizona State University

June 27, 2012

MONTHLY REPORT GREATER PHOENIX HOUSING MARKET MAY 2012

Headlines:

Single family home prices have risen quickly and are now far higher than in May 2011:o The median sales price is up 32.4% from $111,000 to $147,000o Average price per square foot is up 22.2% from $80.30 to $98.14

Townhouse/condo prices have increased by a slightly larger percentage:o The median sales price is up 37.3% from $69,900 to $96,000o Average price per square foot is up 23.1% from $84.89 to $104.05

Overall supply (excluding homes already under contract) is down 50% on June 1 2012 comparedwith June 1, 2011, and distressed supply is down 80% over the same time frame.

Foreclosure starts on single family and condo homes rose 1.2% between April and May 2012 andwere up 5.2% from May 2011

Recorded trustee deeds (completed foreclosures) on single family and condo homes were up18% between April and May 2012 but were down 52% from May 2011

71% fewer single family homes reverted to lenders at trustee sale compared with May 2011

Sales of single family homes were 5.8% lower than in May 2011, constrained by lack of supply Single family home sales increased year on year for

o New homes (up 57%)


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tables by county and by city. This report concentrates on single family homes but detailed statistics for

townhouse/condo properties are included in the attached tables. The market for townhouse/condo

properties has changed in similar ways to that for single family homes

Demand

Single family home sales fell 5.8% compared with May 2011, with Maricopa County down 4.1% to 8,688

while Pinal County was down 18.2% to 1,019. However the drop was primarily caused by constraints in

supply at the low end of the market. Demand remains strong as evidenced by multiple bid situations for

the majority of resale listings. In May 2011 the majority (66%) of single family trustee auctions received

no bid and the property reverted to the foreclosing lender. In May 2012, bidding at these auctions hasbecome far more competitive and 61% of these properties are now going to third party bidders. This

means far fewer foreclosed homes have been added to the REO inventory of banks and GSE lenders. As

a result of the lower inventory, subsequent sales by these organizations have declined dramatically.

These changes are illustrated in the bar chart below:


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single family homes without an existing contract was down to approximately 8,550 for the Greater

Phoenix area as of June 1. However 82% of this supply is priced above the current median sales price

and 26% is priced over $500,000, so the scarcity of homes for sale is most severe below the mediansales price of $147,000. The inventory of single family homes for sale under $147,000 that have no

existing signed contract is equivalent to just 15 days of supply. This market is extremely unbalanced with

far more buyers than sellers.

Pricing

We can see that overall prices reached a low point in September 2011 and have risen sharply since then.

However the picture is far more complex than that suggests. When we look at the individual transaction

types we find the following:

Single Family

Average Sales Price

Average $

May 2012

Average $

May 2011

%

Change

New Home Sales $251,878 $241,066 +4.5%

Normal Re-sales $260,609 $270,387 -3.6%Investor Flips $170,177 $147,337 +15.5%

Short Sales & Pre-foreclosures $160,403 $162,281 -1.2%

Bank Owned Sales $169,134 $131,870 +28.3%

GSE REO Sales $144,438 $107,440 +34.4%

HUD Sales $90,318 $72,996 +23.7%

Trustee Sales to 3rd

Party $134,444 $110,582 +21.6%

All Sales $201,362 $160,690 +25.3%


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Single Family

Average Price per Sq Ft

$/SF

May 2012

$/SF

May 2011

%

Change

New Home Sales $103.45 $101.52 +1.9%

Normal Re-sales $122.55 $124.57 -1.6%

Investor Flips $89.28 $74.09 +20.5%

Short Sales & Pre-foreclosures $79.58 $76.99 +3.4%

Bank Owned Sales $81.15 $67.55 +20.1%

GSE REO Sales $75.51 $59.09 +27.8%

HUD Sales $54.26 $41.79 +29.8%

Trustee Sales to 3rd

Party $72.25 $58.08 +24.4%

All Sales $98.14 $80.30 +22.2%

We note that prices moved higher to a greater extent in Pinal County (up 30.5% in $/SF) than in

Maricopa (up 20.6%), but Maricopa sales dominate by a ratio of approximately 8.5 to 1, so the overall

effect is more muted.

The areas with the most rapid price movement over the last 12 months are those which suffered the

most price damage from the foreclosure wave between 2007 and 2011. Examples include El Mirage (up

38% in average $/SF from May 2011 to May 2012), Maricopa (up 34%), San Tan Valley (up 35%),

Tolleson (up 31%), Youngtown (up 22%), Buckeye (up 34%), Laveen (up 25%), Queen Creek (up 23%),

Glendale (up 23%), Phoenix (up 28%), Avondale (up 26%), Florence (up 41%), Arizona City (up 28%) and

Apache Junction (up 38%). Many of these are at the fringes of the Greater Phoenix area, but west andsouth Phoenix has also seen rapid increases in home prices.

In last months report we noted that some areas least affected by foreclosures were still showing


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Foreclosure Starts

Foreclosure starts for single family and condo/townhouse homes rose 1.2% in May 2012 from the levelof April 2012. New notices of trustee sale for May were also 5.2% above May 2011 levels. The

breakdown by county was 4,324 for Maricopa and 576 for Pinal. Since the signing of the settlement

between the states and 5 of the largest lenders we have seen a slight uptick in the rate of foreclosure

notices, but we are still a long way below the peak levels of March 2009, which were 10,099 in Maricopa

and 1,256 in Pinal.

For comparison with normal levels of foreclosure notices, in 2002 we averaged 1,160 per month for

Maricopa County. Since the population has grown by about 20% since 2002, we would consider 1,400

foreclosure notices per month a normal level for Maricopa County, so we were still at slightly more than

three times the normal level in May. A normal level for Pinal County is harder to estimate because the

population in Pinal County has more than doubled in the last 10 years.

Foreclosure Completions

We can see a large change in foreclosure results when we compare May 2012 with May 2011.

The number of completed trustee deeds is down by 52% The number of single family homes reverting to lenders is down by 71% The number of single family homes purchased by third parties at the auction is down by 16%

So the supply of REOs has been dramatically reduced while the number of homes being purchased by

third parties at auction has fallen from the peak reached in 2011. This is not due to any lack of buyer

interest at the trustee sale auction, just a reduction in the number of auctions being held. In May 2012,

54% more single family homes were purchased at the auction than were going back to the lenders and

we continue to see the growth in third party share increasing over the coming months. This time last


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Normal Re-sales

Normal owner-occupier single family re-sales jumped 74% from 2,081 in May 2011 to 3,629 in May2012. Average pricing and average $/Sq Ft is still lower in May 2012 than May 2011 for normal re-sales.

However normal re-sale average price per sq. ft. rose 13.7% between February and May 2012. This was

exaggerated this May by a particularly strong month for luxury homes over $3,000,000, with the highest

number of such sales since May 2008. The median sales price is now $176,000, 0.6% above the $174,900

we measured in April 2011. Normal re-sales have a 37% market share, up from 20% a year ago.

Investor Flips

These are similar to normal re-sales in that there is no distressed owner, but we count separately those

sales where the property was previously purchased with the obvious intent to resell at a higher price

within a short period. Often the investor obtained a distressed property at a trustee sale (sometimes

through a wholesaler), as an REO or, less frequently, as a short sale. The investor usually refurbishes and

renovates the property and then sells the home somewhat below the price for normal sales in order to

ensure it sells quickly.

Prices for investor flips have been increasing rapidly, with average $/SF rising by 21% between May 2011

and May 2012 for single family homes and up 11% in the last 3 months alone. Investor flip activity is now

constrained by the shortage of suitable homes to flip and the number of flips has started to decline

slightly. The decline is in line with the overall decline in sales volume and flips still represent about 11%

of total sales, similar to May 2011.

Short Sales and Pre-foreclosures

Most lenders are strongly encouraging homeowners facing financial hardship to use short sales as a

preferred alternative to foreclosure. Consequently we have seen single family short sales volumes grow


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Bank owned REOs now represent 7% of the market, down from 11% in May 2011. As completed

foreclosures decline, these will increasingly become a less significant part of the market.

Fannie Mae / Freddie Mac / VA Sales

Similar to Bank Owned Sales except the entity receiving the foreclosed home is a government sponsored

enterprise (GSE) rather than a commercial lender. Between May 2011 and May 2012 these REOs have

declined 76% in volume.

Sales $/SF pricing for GSE single family REOs is up by 28% over the last 12 months. GSE REOs now

represent just 5% of the market, down from 19% from May 2011.

HUD sales

If a bank receives a property through foreclosure where the loan had been insured by FHA, the lender

will usually deed the property to HUD for disposal. HUD sales peaked during the second quarter of 2011

and have been in decline since. Average price per square foot has increased 30% over the last 12

months, but at an average $54.26 per sq. ft. remain much lower than most other sources of single family

homes. However volumes of sales in this segment are rarely very large and they currently represent only

2% of sales, down from 5% in May 2011.

Third Party Purchases from Trustee Sales

Foreclosures provide a significant, albeit dwindling, supply of homes for those willing to bid at the

trustee auction. During May 2012, there were 1,183 single family homes purchased by third parties in

this way, 1,035 in Maricopa and 148 in Pinal. The trustee sales have turned into something of a feedingfrenzy as the number of auctioned properties has fallen and the number of bidders continues to grow.

Average prices have risen over 24% from $58.08 to $72.25 per sq. ft. for these homes over the last 12

months They represent 12% of the market down from 14% in May 2011


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New Construction Permits

Permits for single family home construction have been on an upward trend over the last 6 months.During May 2012, 1,330 were reported by the US Census for Maricopa and Pinal Counties. This is an

increase of 85% over May 2011 and an increase of 6% over April 2012. In fact it is the highest monthly

total we have seen for the combined counties since June 2008. The total for Maricopa County alone was

1,169, the highest we have seen since August 2007.

However these newer permit numbers are still very low compared with what we typically saw for any

May prior to 2008. Even with these permit levels, new single family homes will remain a relatively small

part of the market.

Out of State Purchasers

The percentage of residences in Maricopa County sold to owners from outside Arizona has fallen

between May 2011 and May 2012, moving from 29.9% to 26.9% by unit count. However if we compare

by dollar value we see a less significant fall from 33.6% to 32.5%.

Cash Buyers

For some considerable time, cash purchases have been running at an unusually high level due to the

volume of investor activity and most sellers preference for cash offers over financing. However in

Maricopa County in May 2012 the percentage of properties purchased without financing fell slightly

compared with May 2011 - 37.1% versus 38.3% by unit count. For comparison May 2007 was just 8.4%

Investor Purchases

When someone purchases real property in Arizona, an Affidavit of Value is usually recorded by the

county. The new owner indicates whether the property will be occupied by the owner or a family


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Outlook

The continued imbalance between high demand and low supply remains the dominating factor

influencing the Greater Phoenix residential market. Prices gained further strength over the last month,

but I suspect they cannot continue to rise at the extremely fast rate we experienced this spring. The

most likely time for prices to stabilize for a while is during the hot summer months of June through

September. The basic rules of economics require prices to change enough to bring a new wave of sellers

onto the market and/or enough to suppress demand. Neither of these has been achieved so far but the

increase in pricing has at least been enough to stop supply declining yet further. It does not seem to

have been enough to take more than a slight edge off the demand.

Most homes below $250,000 that are priced realistically are still attracting a large number of offers

within a short time, and often many offers will exceed the asking price. We have recently seen examples

of a lender owned home in Chandler attracting 84 contracts, and a traditional listing in Glendale which

received 95 contracts. The latter included 51 from investors and 44 from owner-occupiers. 38 of the

offers were all-cash. Even without the investors there were 44 owner occupiers competing for one

house, which closed within 4 weeks of listing for 17% over the asking price. Needless to say - this is not

something we would see in a normal market.

It is still quieter in the luxury market and active adult sector where supply is adequate but now falling to

levels that are somewhat below average. The trend in very recent months has been for prices in these

sectors to strengthen, though not as quickly as in the affordable home sector. We do not anticipate that

June will be as strong for the luxury sector as May has been.

The plight of the average home buyer remains very difficult despite extremely low interest rates andstill-cheap prices by any historical standard. This is because the very low number of homes for sale

means any offer they make will have severe competition. Sellers continue to give strong preference to

all cash offers which puts ordinary buyers who require some form of financing at a severe disadvantage


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former foremen to try and attract them back into local construction work from far afield or other types

of employment.

In the meantime we continue to struggle with unusually low supply levels and a market that desperately

seeks a far greater supply to reach equilibrium. If the developers are unable to increase production to

much higher than the current levels then substantial price rises are the only mechanism that is likely to

restore market balance over the short to medium term.

Source & Acknowledgement

The sales and foreclosure transaction data used in this report was compiled by the Information MarketLLC of Glendale AZ (www.theinformationmarket.com). ASU wishes to thank them for their extensive

cooperation in creating this report. We would also like to thank ARMLS Inc. for permission to use the

active listing statistics from their monthly STAT report.
http://g/Word/ASU/www.theinformationmarket.comhttp://g/Word/ASU/www.theinformationmarket.comhttp://g/Word/ASU/www.theinformationmarket.comhttp://g/Word/ASU/www.theinformationmarket.com


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Qty Average Median Average Qty Average Median Average Qty Average Median Average Qty Average Median Average Qty Average Median Average

Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt

Anthem 83 $229,216 $200,000 $99.48 35 $266,069 $249,000 $109.27 8 $2 45,025 $2 03,200 $ 115. 39 20 $196,120 $167,500 $8 5. 85

Apache Juntion 79 $120, 808 $107,300 $77. 42 8 $148,767 $146,211 $94. 79 2 1 $139,990 $115, 000 $9 4. 77 14 $111,254 $108,040 $75.94 18 $105,222 $82,500 $66.63

Arizona City 27 $69,916 $72,000 $46.09 11 $79,973 $76,000 $51.73 3 $78,500 $78,000 $53.06 1 $36,500 $36,500 $34.56

Avondale 177 $124,183 $124,000 $61.41 57 $125,405 $120,000 $63.67 19 $140,984 $130,000 $68.96 39 $115,129 $115,000 $54.85

Buckeye 277 $134, 462 $114,700 $67. 06 48 $189,204 $171,451 $92. 64 7 9 $155,961 $135, 000 $7 8. 26 13 $124,177 $98,400 $64.24 49 $90,731 $88,000 $47.81

Carefree 9 $944,111 $575,000 $275.94 6 $1,164,333 $995,000 $319.74 2 $ 50 5, 00 0 $ 50 5, 00 0 $ 16 1. 55

Casa Grande 127 $108, 806 $104,680 $56. 97 8 $197,164 $189,918 $92. 59 2 7 $117,211 $120, 000 $6 6. 09 20 $110,197 $100,500 $58.18 14 $110,021 $105,500 $49.94

Cave Creek 98 $367, 619 $349,900 $136. 00 9 $427,826 $430,000 $ 144. 38 4 2 $415,828 $363, 750 $14 9. 05 6 $4 13,867 $3 99,900 $ 150. 56 18 $285,611 $270,000 $11 1. 77

Chandler 5 96 $ 23 2, 86 0 $ 15 8, 00 0 $ 10 6. 05 6 5 $ 34 3, 17 2 $ 32 7, 93 8 $ 12 0. 48 2 12 $ 25 6, 57 5 $ 22 5, 00 0 $ 11 5. 01 5 7 $2 08,273 $1 90,000 $ 104. 62 1 29 $202,690 $164,000 $9 3. 97

Coolidge 27 $71,183 $72,900 $34.14 8 $83,347 $71,450 $34.78 2 $87,003 $87,003 $41.57 3 $54,667 $63,000 $25.75

El Mirage 95 $91,283 $85,000 $55.17 29 $81,543 $84,000 $57.91 8 $126,025 $103,900 $68.90 17 $87,847 $80,000 $48.83

Eloy 16 $135,776 $91,500 $85.79 5 $272,098 $242,356 $138.11 4 $87,225 $61,250 $64.34 2 $64,000 $64,000 $45.60

Florence 46 $122, 364 $111,200 $63. 91 3 $133,098 $144,900 $74. 09 2 0 $148,011 $156, 885 $8 1. 37 10 $106,141 $82,934 $54.29 5 $89,582 $70,010 $45.51

Fountain Hills 67 $426,577 $325,000 $166.36 42 $438,789 $401,500 $176.82 4 $3 33,350 $3 40,750 $ 158. 57 10 $506,500 $236,000 $17 7. 95

Gilbert 677 $221, 381 $198,000 $96. 66 187 $235,149 $230,469 $95. 65 19 7 $252,950 $218, 000 $11 0. 30 5 0 $2 23,301 $2 05,950 $ 102. 75 1 06 $181,574 $165,000 $8 3. 54

Glendale 532 $141, 988 $120,000 $74. 91 26 $236,823 $200,047 $ 101. 39 19 0 $164,684 $138, 375 $8 4. 00 5 9 $1 33,979 $1 19,000 $79. 08 1 08 $125,041 $108,500 $6 4. 02

Gold Canyon 60 $243,203 $185,000 $119.14 34 $275,765 $222,500 $133.84 5 $2 57,200 $2 07,000 $ 112. 05 10 $171,800 $148,750 $9 3. 79

Goodyear 250 $189, 100 $176,000 $82. 48 46 $250,637 $230,613 $90. 01 7 5 $226,503 $198, 000 $9 8. 77 23 $183,339 $183,000 $79.69 50 $128,575 $115,200 $65.82

Laveen 125 $129, 571 $120,640 $60. 75 11 $165,471 $154,307 $75. 87 1 7 $131,622 $125, 000 $6 7. 33 14 $144,564 $125,000 $59.23 32 $119,338 $111,250 $54.33Litchfield Park 85 $223, 307 $212,000 $83. 57 14 $253,472 $251,615 $86. 31 2 2 $219,705 $159, 500 $9 4. 44 12 $244,688 $239,975 $86.09 15 $228,133 $196,000 $82.06

Maricopa 207 $119, 768 $115,400 $54. 78 6 $151,936 $141,468 $89. 11 5 0 $127,704 $127, 450 $5 9. 32 49 $136,957 $137,000 $60.42 46 $99,578 $90,500 $46.49

Mesa 840 $167, 175 $137,350 $88. 45 49 $258,485 $243,308 $ 112. 74 27 7 $199,114 $161, 000 $9 9. 38 10 1 $1 65,056 $1 45,000 $94. 07 1 69 $143,480 $120,000 $7 9. 14

New River 24 $236, 136 $261,500 $97. 02 3 $267,405 $264,018 $ 112. 53 1 1 $248,091 $285, 000 $10 2. 70 2 $243,500 $243,500 $93.98 4 $213,461 $231,500 $80.14

Paradise Valley 43 $1,222,604 $965,000 $293.61 36 $1,258,034 $957,500 $305.52 1 $ 1, 52 7, 75 0 $ 1, 52 7, 75 0 $ 32 3. 88 4 $ 1, 08 2, 50 0 $ 1, 07 7, 50 0 $ 23 1. 20

Peoria 453 $195, 417 $172,500 $90. 62 43 $278,936 $250,657 $ 107. 12 15 3 $216,772 $195, 000 $10 0. 85 51 $124,924 $160,000 $60.88 89 $186,649 $155,000 $83.92

Phoenix 2 ,4 15 $ 15 9, 01 0 $ 11 3, 00 0 $ 89 .8 6 6 0 $ 29 8, 22 9 $ 30 4, 71 4 $ 11 3. 31 8 64 $ 20 1, 75 0 $ 13 2, 00 0 $ 10 9. 89 31 2 $1 41,668 $1 21,000 $87. 85 4 98 $131,865 $95,000 $7 4. 60

Queen Creek 102 $246, 597 $213,250 $90. 52 10 $271,706 $266,313 $95. 05 3 4 $302,746 $262, 450 $10 2. 33 9 $209,167 $203,000 $90.55 24 $219,085 $172,500 $79.40

Rio Verde 6 $ 28 7, 83 3 $ 27 4, 00 0 $ 12 6. 16 1 $ 22 4, 00 0 $ 22 4, 00 0 $ 13 3. 25

San Tan Valley 352 $131, 823 $125,000 $64. 64 43 $173,442 $150,366 $87. 87 10 0 $137,255 $125, 000 $6 9. 05 62 $145,111 $142,000 $68.07 58 $97,579 $86,150 $49.64

Scottsdale 6 42 $ 53 8, 42 1 $ 41 1, 65 4 $ 19 4. 22 9 $ 1, 04 2, 07 4 $ 77 4, 73 5 $ 29 8. 66 4 14 $ 60 4, 42 4 $ 47 0, 00 0 $ 20 9. 46 4 9 $3 57,822 $2 85,000 $ 155. 27 86 $413,053 $325,000 $15 8. 47

Sun City 134 $110, 683 $105,000 $68. 11 5 $208,474 $198,652 $83. 66 8 6 $108,959 $105, 000 $6 9. 73 10 $128,040 $121,500 $68.46 11 $99,091 $110,000 $63.49

Sun City West 141 $166,154 $150,500 $94.30 129 $167,602 $150,500 $96.06 1 $166,500 $166,500 $100.30 6 $163,400 $157,750 $89.47

Sun Lakes 53 $193,180 $180,000 $103.53 41 $207,515 $185,000 $109.07 2 $182,750 $182,750 $107.09 3 $173,000 $120,000 $95.90

Surprise 386 $155, 070 $143,394 $75. 60 32 $193,843 $186,706 $78. 54 13 6 $178,749 $159, 000 $9 5. 51 29 $150,743 $140,000 $75.33 95 $125,985 $120,600 $59.15

Tempe 179 $196,695 $165,000 $104.46 79 $235,965 $195,000 $119.15 2 3 $1 89,422 $1 80,000 $ 109. 90 40 $151,755 $138,500 $8 5. 90

Tolleson 114 $108, 057 $105,500 $57. 10 27 $143,136 $144,674 $76. 89 2 0 $107,321 $102, 500 $5 9. 35 11 $109,316 $118,800 $55.89 27 $83,722 $83,000 $43.41Tonopah 2 $79,100 $79,100 $46.03

Waddell 32 $190,728 $169,666 $76.13 8 $204,882 $185,604 $82.28 6 $211,748 $188,000 $75.00 5 $210,910 $169,900 $75.81 8 $181,688 $165,000 $76.48

Wickenburg 14 $215,196 $202,500 $105.75 11 $188,605 $160,000 $109.36 1 $375,000 $375,000 $9 1. 40

Wittmann 9 $150,817 $185,000 $74.11 3 $202,000 $205,000 $88.60 1 $2 00,000 $2 00,000 $78. 96

Youngtown 13 $72,316 $60,000 $46.08 5 $57,200 $58,000 $42.90 1 $45,000 $45,000 $52.14 3 $86,000 $85,000 $41.02

Maricopa County 8 ,6 88 $ 20 9, 35 2 $ 15 2, 50 0 $ 10 1. 64 6 52 $ 26 1, 45 3 $ 23 6, 45 1 $ 10 4. 30 3 ,3 17 $ 26 9, 92 4 $ 18 3, 00 0 $ 12 6. 09 88 5 $1 77,170 $1 49,900 $94. 33 1,6 66 $165,633 $130,000 $8 2. 07

Pinal County 1,019 $133, 241 $119,000 $67. 18 87 $180,117 $151,066 $95. 11 31 2 $161,572 $134, 900 $8 1. 80 17 0 $1 33,773 $1 30,500 $65. 23 1 54 $103,825 $90,000 $5 2. 19

Total 9 ,7 07 $ 20 1, 36 2 $ 14 7, 00 0 $ 98 .1 4 7 39 $ 25 1, 87 8 $ 22 4, 75 9 $ 1 03 .4 5 3 ,6 29 $ 26 0, 60 9 $ 17 6, 00 0 $ 12 2. 55 1 ,0 55 $ 17 0, 17 7 $ 14 5, 00 0 $ 89 .2 8 1 ,8 20 $ 16 0, 40 3 $ 12 4, 00 0 $ 79 .5 8

May 2012 - Recorded Sales - Single Family

All Sales New Home Sales Normal Resales Short Sales & Pre-foreclosuresInvestor Flips


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Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Un sold O pe nin g B id O pe ning Bid $/S qF t

Anthem 7 $ 218,843 $199,000 $ 89.12 3 $189,967 $195,000 $95.17 10 $172,814 $158,000 $85.73 7 $ 25 4, 40 4 $ 25 8, 19 8 $ 13 4. 22

Apache Juntion 6 $104,604 $73,825 $68.25 6 $113,917 $116,500 $71.26 2 $66,000 $66,000 $49.00 11 $89,920 $74,911 $57.84 9 $158,129 $143,446 $9 7. 90

Arizona City 2 $89,950 $89,950 $46.65 3 $63,300 $61,000 $43.60 1 $43,511 $43,511 $29.52 6 $53,786 $55,208 $36.77 11 $97,812 $96,449 $63.61

Avondale 6 $122,583 $112,100 $53.66 15 $131,855 $136,000 $61.22 6 $90,636 $81,250 $59.12 35 $125,900 $124,600 $63.18 1 8 $ 17 8, 17 5 $ 16 5, 86 6 $ 96 .0 7

Buckeye 22 $116,490 $111,500 $51.58 19 $118,565 $102,500 $63.01 9 $90,631 $81,500 $46.78 38 $109,263 $98,050 $52.58 2 4 $ 18 7, 61 2 $ 17 6, 66 9 $ 87 .1 9

Carefree 1 $ 50 1, 00 0 $ 50 1, 00 0 $ 18 6. 11

Casa Grande 16 $68,137 $57,575 $40.34 13 $103,769 $98,000 $52.78 7 $91,100 $92,000 $44.36 22 $102,509 $110,350 $53.74 2 5 $ 16 4, 79 3 $ 15 6, 42 2 $ 83 .5 5

Cave Creek 11 $326,873 $344,000 $114.75 3 $236,333 $257,000 $124.04 6 $256,850 $267,000 $116.13 2 $ 34 5, 16 7 $ 34 5, 16 7 $ 14 3. 97

Chandler 47 $178, 652 $150,000 $90. 92 28 $170,711 $155,050 $ 100. 13 2 $134,500 $134, 500 $9 1. 22 5 6 $1 89,647 $1 47,100 $91. 67 2 9 $ 21 3, 64 7 $ 19 2, 74 5 $ 11 2. 95

Coolidge 7 $81,665 $76,377 $35.57 1 $26,377 $26,377 $27.31 6 $53,187 $44,626 $33.48 2 $101,420 $101,420 $7 1. 00

El Mirage 5 $90,560 $80,500 $50.86 7 $108,143 $113,000 $56.47 7 $83,831 $80,000 $45.71 22 $91,317 $90,700 $55.85 1 7 $ 15 7, 29 2 $ 15 4, 41 0 $ 98 .0 5

Eloy 3 $48,333 $55,000 $32.32 1 $32,033 $32,033 $25.94 1 $158,000 $158,000 $103.88

Florence 1 $82,500 $82,500 $52.35 2 $120,000 $120,000 $70.53 5 $87,480 $64,400 $36.66 6 $157,445 $159,197 $6 8. 84

Fountain Hills 4 $ 529,125 $441,551 $145.39 3 $196,667 $210,000 $100.17 4 $261,651 $242,801 $102.07 5 $ 56 7, 91 6 $ 46 0, 13 7 $ 17 7. 96

Gilbert 32 $197,570 $147,075 $92.38 27 $190,319 $180,000 $96.97 7 $127,160 $129,100 $84.43 71 $187,436 $176,100 $88.03 3 8 $ 25 1, 03 5 $ 23 4, 27 7 $ 12 4. 95

Glendale 44 $108,878 $92,830 $60.28 19 $116,131 $114,000 $60.81 14 $97,721 $90,075 $56.30 72 $115,499 $105,550 $66.99 6 0 $ 19 0, 40 3 $ 18 1, 40 8 $ 10 3. 53

Gold Canyon 3 $138,000 $150,000 $78.29 2 $245,950 $245,950 $95.59 1 $150,150 $150,150 $110.24 5 $231,230 $116,800 $106.75 8 $ 23 6, 19 7 $ 16 5, 55 8 $ 10 8. 09

Goodyear 10 $153,925 $143,450 $60.95 13 $182,454 $158,000 $75.84 8 $99,157 $82,500 $55.25 25 $136,324 $124,300 $70.80 2 0 $ 20 1, 04 5 $ 19 2, 15 3 $ 94 .7 5

Laveen 12 $120,817 $121,250 $55.10 18 $135,297 $123,000 $65.17 4 $92,500 $84,250 $55.71 17 $117,865 $110,600 $57.94 1 1 $ 23 6, 91 5 $ 19 4, 13 3 $ 98 .8 5

Litchfield Park 10 $ 213,255 $217,250 $74.94 4 $139,325 $140,000 $65.80 8 $193,863 $194,800 $70.21 6 $ 30 2, 81 2 $ 26 0, 47 2 $ 10 5. 53

Maricopa 10 $116,191 $101,980 $46.55 10 $117,390 $107,450 $48.95 5 $70,430 $75,000 $38.36 31 $113,413 $111,700 $52.47 1 9 $ 17 3, 30 1 $ 16 7, 50 4 $ 71 .8 5

Mesa 77 $138,381 $110,000 $71.02 36 $142,779 $138,000 $77.35 13 $98,301 $90,000 $60.98 118 $123,851 $117,500 $73.36 6 2 $ 19 7, 88 6 $ 17 9, 92 3 $ 10 7. 20

New River 1 $280,000 $280,000 $ 109.98 1 $170,000 $170,000 $85.34 2 $172,600 $172,600 $79.61 5 $ 29 8, 50 5 $ 31 2, 42 8 $ 10 3. 60

Paradise Valley 1 $1,125,000 $1,125,000 $228.29 1 $300,000 $300,000 $122.70 1 $1,748,059 $1,748,059 $269.68

Peoria 35 $168,002 $155,000 $75.93 16 $153,279 $140,000 $81.73 9 $86,000 $77,000 $63.51 57 $153,059 $123,600 $76.68 2 4 $ 20 1, 86 2 $ 19 8, 87 9 $ 11 5. 93

Phoenix 160 $150,767 $104,000 $80.27 118 $144,163 $130,000 $79.30 45 $73,558 $60,050 $50.63 358 $104,242 $86,650 $66.00 2 00 $ 16 9, 20 3 $ 16 0, 46 0 $ 10 5. 48

Queen Creek 9 $ 194,123 $162,350 $ 78.52 5 $175,380 $152,000 $92.81 11 $216,173 $187,600 $79.31 7 $ 25 4, 63 4 $ 26 6, 75 8 $ 10 9. 62

Rio Verde

San Tan Valley 8 $106,238 $94,175 $51.68 20 $138,760 $130,750 $68.07 9 $101,833 $95,700 $48.04 52 $115,773 $116,000 $53.86 2 5 $ 15 0, 80 2 $ 15 5, 31 0 $ 76 .1 1

Scottsdale 40 $419, 050 $390,000 $148. 36 11 $214,816 $213,000 $ 111. 22 1 $210,000 $210, 000 $11 5. 19 3 2 $4 16,919 $3 48,150 $ 275. 93 2 8 $ 37 7, 29 7 $ 28 4, 40 6 $ 16 2. 45

Sun City 7 $97,095 $86,268 $63.89 7 $89,714 $85,000 $54.94 8 $ 92,580 $85,053 $57.10 1 2 $ 13 7, 50 7 $ 12 2, 60 6 $ 83 .4 5

Sun City West 2 $148,950 $148,950 $79.87 1 $90,500 $90,500 $52.07 1 $181,390 $181,390 $49.06 1 $90,405 $90,405 $57.77 3 $166,962 $196,755 $9 9. 70

Sun Lakes 2 $148,250 $148,250 $65.68 3 $119,800 $115,000 $74.61 2 $95,000 $95,000 $69.34 3 $ 18 1, 65 7 $ 17 0, 00 0 $ 10 2. 55

Surprise 16 $138,559 $135,000 $64.40 26 $143,710 $128,500 $66.12 4 $107,766 $99,531 $65.06 48 $138,176 $132,300 $66.07 3 4 $ 20 5, 48 2 $ 19 9, 29 2 $ 99 .3 2

Tempe 13 $185,752 $140,000 $85.96 11 $170,710 $174,900 $98.73 2 $144,250 $144,250 $57.55 11 $141,742 $125,000 $85.87 1 4 $ 18 9, 82 1 $ 19 6, 47 7 $ 12 4. 12

Tolleson 8 $99,491 $95,063 $45.42 3 $83,667 $84,000 $58.86 7 $78,478 $81,999 $42.11 11 $113,473 $112,800 $58.03 1 3 $ 17 8, 96 8 $ 20 5, 03 6 $ 91 .9 7

Tonopah 1 $80,100 $80,100 $52.98 1 $78,100 $78,100 $40.57

Waddell 1 $162,000 $162,000 $68.10 4 $130,925 $130,250 $65.36 4 $237,077 $213,752 $8 3. 41

Wickenburg 2 $ 28 1, 55 0 $ 28 1, 55 0 $ 10 3. 97 5 $136,071 $128,485 $7 6. 41

Wittmann 3 $148,867 $185,000 $59.75 1 $24,850 $24,850 $31.94 1 $79,901 $79,901 $53.34 3 $149,127 $129,100 $9 0. 02

Youngtown 2 $85,251 $85,251 $48.23 2 $90,301 $90,301 $59.29 5 $153,739 $165,346 $8 4. 10

Maricopa County 590 $176, 436 $128,450 $83. 86 402 $148,787 $139,000 $78. 74 14 1 $91,408 $81, 250 $5 6. 09 1,03 5 $1 38,254 $1 14,600 $75. 14 6 62 $ 20 4, 72 6 $ 18 2, 28 0 $ 10 9. 60

Pinal County 53 $87,848 $82,500 $47.12 67 $118,341 $110,000 $57.66 28 $84,830 $80,650 $46.07 148 $107,795 $106,500 $53.71 1 08 $ 15 6, 55 3 $ 15 1, 65 2 $ 78 .4 8

Total 643 $169, 134 $125,000 $81. 15 469 $144,438 $134,250 $75.51 169 $90,318 $81,200 $54.26 1,183 $134,444 $112,800 $ 72 .2 5 7 70 $ 19 7, 96 9 $ 17 7, 82 4 $ 10 4. 98


Bank Owned Sales Fannie Mae / Freddie Mac Sales HUD Sales No Bidders at Auction - Reverted to LenderForeclosure - Trustee Sold to 3rd Party


13/18


Sale Price Sale Price /SqFt Sale Price Sale Price /SqFt Sale Price Sale Price /SqFt Sale Price Sale Price /SqFt Sale Price Sale Price /SqFt

Anthem 1 $ 11 3, 00 0 $ 11 3, 00 0 $ 72 .8 6

Apache Juntion 3 $53,600 $45,000 $46.37 2 $71,000 $71,000 $61.02

Arizona City

Avondale

Buckeye 1 $218,000 $218,000 $95.15 1 $218,000 $218,000 $95.15

Carefree 2 $293,500 $293,500 $158.35 2 $293,500 $293,500 $158.35

Casa Grande 3 $68,833 $40,000 $49.39 2 $89,950 $89,950 $67.66

Cave Creek 5 $276,980 $215,000 $143.36 4 $292,475 $252,500 $142.57 1 $ 21 5, 00 0 $ 21 5, 00 0 $ 1 47 .8 7

Chandler 6 0 $ 10 8, 05 9 $8 9, 50 0 $ 83 .6 5 4 $ 230 ,5 77 $ 24 1, 46 6 $ 14 1.8 3 1 6 $1 36 ,15 2 $ 11 7, 070 $ 90 .7 0 3 $90,583 $60,000 $80.02 16 $79,152 $64,091 $71.07

Coolidge

El Mirage

Eloy

Florence

Fountain Hills 46 $149,131 $139,950 $109.58 30 $149,334 $140,500 $117.97 2 $158,450 $158,450 $116.25 5 $141,600 $105,000 $104.67

Gilbert 28 $106,613 $108,950 $88.14 11 $109,301 $112,900 $104.29 4 $128,816 $128,500 $104.98 8 $87,506 $88,450 $66.53

Glendale 54 $49,523 $39,500 $42.52 26 $44,955 $40,000 $39.62 4 $149,505 $67,121 $112.75 8 $33,313 $31,250 $29.07

Gold Canyon 7 $257,100 $269,900 $119.99 4 $283,725 $297,450 $132.18 1 $ 19 2, 90 0 $ 19 2, 90 0 $ 1 06 .8 7

Goodyear 4 $ 15 2, 05 1 $ 1 56 ,4 29 $ 10 1. 43 1 $ 21 5, 34 5 $ 21 5, 34 5 $ 13 5. 86

Laveen

Litchfield Park 5 $112,610 $117,000 $86.17 3 $129,350 $135,050 $93.10 2 $87,500 $87,500 $73.96

Maricopa 1 $ 13 1, 50 0 $ 13 1, 50 0 $ 96 .6 9 1 $ 13 1,5 00 $ 131 ,5 00 $ 96 .6 9

Mesa 198 $85,756 $67,250 $74.19 4 $151,516 $147,513 $96.99 88 $108,388 $92,650 $88.58 20 $73,892 $61,500 $70.37 32 $57,622 $49,500 $53.38

New River

Paradise Valley 11 $219,509 $195,200 $149.31 6 $236,700 $210,100 $167.87 1 $139,900 $139,900 $133.37 3 $248,000 $198,000 $134.56

Peoria 33 $89,707 $75,500 $74.08 17 $108,966 $117,000 $85.18 1 $68,000 $68,000 $68.41 4 $93,625 $100,750 $66.28

Phoenix 4 83 $ 97, 19 3 $7 6, 00 0 $ 80 .9 7 8 $ 185 ,4 03 $ 14 1, 75 6 $ 13 8.6 6 2 13 $1 16 ,73 4 $8 5, 00 0 $ 95 .9 9 35 $103,597 $83,000 $87.45 81 $81,887 $75,000 $65.02

Queen Creek

Rio Verde 4 $238,125 $208,750 $167.91 4 $238,125 $208,750 $137.25

San Tan Valley

Scottsdale 3 60 $ 23 8, 48 0 $ 17 0, 00 0 $ 16 8. 16 2 0 $ 65 9, 60 1 $ 55 5, 00 0 $ 37 1. 27 2 16 $ 24 2, 82 6 $ 19 1, 50 0 $ 16 8. 94 2 7 $ 15 5, 15 9 $ 153 ,0 00 $ 12 2.6 4 4 1 $ 17 2,7 46 $ 131 ,0 00 $ 13 0.8 3

Sun City 70 $67,336 $64,000 $51.13 60 $70,835 $66,500 $53.01 2 $59,150 $59,150 $45.27

Sun City West 33 $98,560 $97,000 $74.85 29 $103,803 $99,000 $77.78 1 $73,900 $73,900 $66.34

Sun Lakes 8 $188,175 $176,750 $114.73 8 $188,175 $176,750 $114.73

Surprise 12 $88,550 $108,000 $92.42 8 $105,900 $123,600 $108.27 1 $25,000 $25,000 $43.40 1 $71,900 $71,900 $61.40

Tempe 9 1 $ 13 1, 05 2 $ 10 7, 00 0 $ 104 .8 3 3 $ 388 ,0 83 $ 28 3, 25 0 $ 22 1.3 8 3 4 $1 31 ,86 4 $ 11 8, 250 $ 10 7.3 7 4 $104,000 $108,500 $79.42 24 $117,317 $80,250 $94.77

Tolleson

Tonopah

Waddell

Wickenburg 3 $150,000 $145,000 $84.78 2 $157,500 $157,500 $90.88

Wittmann

Youngtown

Maricopa County 1 ,5 12 $ 13 3, 28 5 $ 95 ,7 50 $ 10 4. 52 4 0 $ 43 9, 58 0 $ 33 7, 18 6 $ 26 7. 12 7 78 $ 15 0, 23 4 $ 11 6, 00 0 $ 11 4. 50 104 $114,738 $99,750 $96.71 227 $100,439 $75,000 $80.85

Pinal County 18 $173,583 $175,000 $103.44 12 $190,233 $185,000 $115.46 1 $192,900 $192,900 $ 106.87 1 $131,500 $131,500 $96.69

Total 1 ,5 30 $ 13 3, 75 9 $ 96 ,0 00 $ 10 4. 50 4 0 $ 43 9, 58 0 $ 33 7, 18 6 $ 26 7. 12 7 90 $ 15 0, 84 1 $ 11 7, 00 0 $ 11 4. 52 105 $115,482 $102,500 $96.86 228 $100,575 $75,000 $80.92

May 2012 - Recorded Sales - Townhouse / Condo

All Sales New Home Sales Normal Resales Investor Flips Short Sales & Pre-foreclosures


14/18


Sale Price Sale Price /SqFt Sale Price Sale Price /SqFt Sale Price Sale Price /SqFt Sale Price Sale Price /SqFt O pe ni ng Bi d O pe ni ng Bi d / Sq Ft

Anthem 1 $ 11 3, 00 0 $ 11 3, 00 0 $ 72 .8 6Apache Juntion 1 $ 18, 80 1 $1 8, 80 1 $ 16 .4 8

Arizona City

Avondale

Buckeye

Carefree

Casa Grande 1 $26,600 $26,600 $34.95

Cave Creek

Chandler 5 $86,484 $60,819 $63.71 5 $86,500 $85,000 $81.50 1 $191,000 $191,000 $ 112.75 10 $78,870 $70,050 $65.83 1 0 $ 12 1,2 60 $ 123 ,5 91 $ 10 3.2 7

Coolidge

El Mirage

Eloy

Florence

Fountain Hills 3 $195,600 $178,000 $99.91 2 $164,500 $164,500 $86.49 4 $109,825 $107,800 $80.44 4 $ 31 7,2 29 $ 96 ,6 64 $ 22 3.9 1

Gilbert 1 $ 86,550 $86,550 $60.52 1 $138,500 $138,500 $106.37 3 $114,167 $125,200 $82.02 4 $ 15 1,9 98 $ 134 ,5 36 $ 12 0.8 3

Glendale 4 $32,003 $30,056 $30.62 1 $37,500 $37,500 $26.63 1 $80,000 $80,000 $77.15 10 $39,539 $41,001 $28.40 11 $93,147 $86,543 $84.12Gold Canyon 2 $235,950 $235,950 $102.41 1 $ 19 4,0 00 $ 194 ,0 00 $ 12 6.6 3

Goodyear 1 $80,000 $80,000 $69.75 1 $98,000 $98,000 $64.39 1 $ 13 8,8 48 $ 138 ,8 48 $ 11 9.9 0

Laveen

Litchfield Park

Maricopa

Mesa 11 $56,266 $55,000 $46.85 15 $71,252 $71,000 $64.62 5 $45,820 $43,600 $45.67 21 $60,252 $48,000 $58.34 18 $104,726 $98,921 $92.14

New River

Paradise Valley 1 $ 11 0, 50 0 $ 11 0, 50 0 $ 97 .4 4 1 $ 25 4,9 32 $ 254 ,9 32 $ 21 2.4 4

Peoria 3 $47,742 $46,000 $49.64 3 $96,827 $112,000 $80.24 5 $46,340 $48,800 $45.74 2 $92,833 $92,833 $74.24

Phoenix 39 $77,706 $54,000 $66.52 37 $65,727 $55,600 $55.95 13 $56,614 $40,000 $51.20 56 $68,300 $61,550 $62.78 6 4 $ 12 1,9 09 $ 109 ,2 91 $ 10 9.9 4

Queen Creek

Rio Verde

San Tan Valley

Scottsdale 1 7 $ 16 3, 28 4 $ 13 7, 50 0 $ 121 .6 4 1 0 $ 164 ,5 00 $ 18 5, 75 0 $ 1 07 .3 1 2 $ 89 ,55 0 $8 9, 55 0 $ 88 .1 4 2 7 $ 16 0, 68 9 $ 139 ,3 00 $1 20 .3 2 1 4 $ 17 7,7 56 $ 184 ,0 56 $ 14 6.5 0

Sun City1 $45,000 $45,000 $38.33 6 $40,775 $33,900 $35.96 1 $55,500 $55,500 $38.81 8 $83,758 $66,759 $67.36

Sun City West 1 $35,000 $35,000 $35.21 2 $66,643 $66,643 $50.49 2 $ 10 3,4 50 $ 103 ,4 50 $ 66 .3 8

Sun Lakes

Surprise 1 $96,500 $96,500 $71.48 1 $22,000 $22,000 $38.19 1 $19,200 $19,200 $34.29

Tempe 5 $87,236 $73,000 $81.76 5 $136,200 $102,000 $116.63 2 $59,500 $59,500 $62.11 14 $129,306 $139,150 $96.74 5 $ 14 7,7 12 $ 157 ,1 97 $ 12 7.6 5

Tolleson

Tonopah

Waddell

Wickenburg 1 $ 13 5, 00 0 $ 13 5, 00 0 $ 73 .2 9

Wittmann

Youngtown

Maricopa County 94 $93,175 $64,124 $75.41 88 $85,566 $73,450 $70.60 24 $63,924 $46,500 $58.85 153 $89,055 $69,300 $75.51 1 45 $ 12 7, 61 4 $ 11 1, 46 8 $ 11 0. 60

Pinal County 3 $163,567 $172,000 $85.35 1 $26,600 $26,600 $34.95 1 $ 19 4,0 00 $ 194 ,0 00 $ 12 6.6 3

Total 97 $95,352 $65,000 $75.88 88 $85,566 $73,450 $70.60 24 $63,924 $46,500 $58.85 154 $88,649 $69,300 $ 75 .3 4 1 46 $ 12 8,0 69 $ 112 ,4 37 $ 11 0.7 5


Bank Owned Sales Fannie Mae / Freddie Mac Sales HUD Sales Foreclosure - Trustee Sold to 3rd Party No Bidders at Auction - Reverted to Lender


15/18


Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt

Anthem 67 $209,326 $175,000 $91.13 21 $268,863 $265,000 $112.13 3 $182,6 67 $162 ,000 $85 .34 20 $175,4 40 $157 ,500 $79.96

Apache Juntion 74 $85,811 $75,000 $56.29 6 $137,391 $129,191 $95.77 3 $122,983 $83,950 $63.15 10 $101,690 $81,500 $66.78 8 $100,710 $90,000 $58.38Arizona City 36 $51,609 $47,000 $36.03 3 $61,500 $59,500 $42.72 7 $53,743 $57,000 $37.76 2 $37,500 $37,500 $27.38

Avondale 230 $92,238 $85,000 $48.63 1 $130,000 $130,000 $74.03 18 $79,383 $84,250 $48.13 23 $107,202 $93,500 $55.43 45 $95,361 $88,000 $48.82

Buckeye 2 41 $98, 449 $75,50 0 $50.23 2 3 $163,3 52 $149 ,678 $84.74 40 $126,745 $118, 648 $6 7.05 14 $114,257 $75,500 $56.78 35 $79,221 $66,000 $41.63

Carefree 5 $480,200 $497,000 $155.07 2 $495,000 $495,000 $164.04 1 $497, 000 $497 ,000 $190 .49 1 $625,0 00 $625 ,000 $159.85

Casa Grande 1 36 $97, 313 $85,50 0 $50.38 5 $186,0 88 $189 ,744 $105.35 22 $143,200 $135, 000 $7 2.15 15 $91,207 $95,000 $50.41 13 $99,412 $89,000 $50.83

Cave Creek 63 $291, 511 $256,00 0 $119.88 2 $479,7 45 $479 ,745 $122.04 23 $339,217 $322, 000 $13 2.48 2 $362, 500 $362 ,500 $126 .09 12 $277,9 17 $238 ,000 $118.28

Chandler 5 50 $ 19 5, 23 7 $ 16 0, 00 0 $ 92 .0 7 3 2 $ 33 2, 84 1 $ 34 4, 36 3 $1 15 .9 5 1 13 $ 24 6, 57 6 $ 21 3, 00 0 $ 10 8.1 4 57 $210, 753 $164 ,500 $9 7.56 111 $195,8 82 $165 ,000 $88.64

Coolidge 38 $69,994 $55,250 $33.79 2 $140,000 $140,000 $32.74 4 $52,875 $54,500 $34.68 1 $52,000 $52,000 $42.45

El Mirage 115 $63,127 $61,300 $40.10 7 $78,400 $75,000 $43.38 14 $68,888 $65,000 $43.68 17 $61,220 $60,000 $40.72

Eloy 16 $156, 163 $127,04 9 $91.64 7 $288,6 71 $268 ,035 $ 145.65 1 $210,000 $210, 000 $ 11 1.46 2 $48,500 $48,500 $37.39 1 $26,500 $26,500 $20.85

Florence 67 $91,579 $67,500 $45.18 6 $175,232 $170,093 $87.00 9 $163,544 $145,000 $64.97 8 $67,875 $63,500 $37.84 5 $105,780 $95,000 $66.92

Fountain Hills 53 $404,385 $295,000 $150.89 25 $486,328 $335,900 $173.75 4 $517, 750 $336 ,500 $158 .99 7 $223,8 96 $225 ,000 $121.47

Gilbert 6 79 $185, 809 $162,60 0 $84.48 9 4 $216,4 84 $219 ,679 $91.95 98 $227,658 $195, 500 $10 0.95 66 $196, 322 $173 ,750 $9 1.08 141 $185,9 77 $155 ,000 $80.93

Glendale 6 32 $109, 166 $87,95 0 $60.97 8 $182,2 43 $195 ,046 $77.56 86 $156,480 $125, 000 $8 2.47 70 $115, 927 $110 ,850 $6 4.04 99 $122,0 59 $93 ,000 $65.50

Gold Canyon 53 $247, 982 $172,50 0 $117.40 5 $155,9 53 $157 ,436 $79.86 22 $307,864 $212, 500 $14 8.50 2 $236, 000 $236 ,000 $122 .41 7 $364,5 01 $145 ,000 $138.75

Goodyear 2 83 $153, 972 $130,00 0 $72.92 3 0 $274,4 86 $240 ,809 $110.41 36 $223,765 $217, 550 $10 8.92 32 $150, 659 $143 ,000 $7 1.90 42 $151,2 29 $133 ,250 $66.91

Laveen 2 14 $106, 050 $98,00 0 $48.50 9 $144,2 18 $131 ,904 $73.22 15 $123,493 $119, 900 $5 4.58 23 $113, 782 $105 ,000 $5 1.44 39 $111,5 66 $98 ,000 $50.30

Litchfield Park 69 $200, 552 $184,00 1 $76.00 5 $273,3 83 $281 ,304 $87.34 12 $265,000 $285, 000 $9 6.31 7 $189, 686 $185 ,000 $6 6.12 20 $197,9 55 $165 ,500 $74.59

Maricopa 326 $90,190 $82,000 $40.94 7 $153,290 $150,000 $72.70 14 $106,136 $93,250 $52.10 57 $111,964 $106,000 $48.45 69 $81,715 $72,000 $39.26

Mesa 8 65 $145, 333 $110,00 0 $77.12 3 1 $312,3 32 $281 ,906 $118.79 210 $189,801 $146, 000 $9 6.87 75 $148, 879 $137 ,500 $8 0.37 130 $147,2 75 $109 ,500 $73.42

New River 29 $204, 940 $198,00 0 $84.88 3 $279,2 95 $250 ,400 $114.65 5 $271,694 $280, 000 $9 3.39 1 $234,000 $234,000 $63.12 5 $181,390 $192,950 $78.89

Paradise Valley 53 $1,439,691 $1,099,000 $294.11 36 $1,597,209 $1,400,000 $325.11 7 $1,175,429 $1,050,000 $248. 67

Peoria 4 63 $165, 661 $141,60 0 $78.18 3 5 $264,5 12 $257 ,005 $106.66 66 $224,661 $184, 500 $10 4.40 57 $188, 342 $167 ,000 $8 2.85 82 $161,7 75 $139 ,400 $74.41

Phoenix 2,6 68 $119, 880 $75,00 0 $70.00 5 6 $243,5 84 $236 ,978 $98.08 519 $202,920 $129, 900 $10 6.34 297 $120, 459 $88 ,500 $7 0.31 356 $138,3 18 $99 ,900 $73.63

Queen Creek 1 03 $195, 908 $190,00 0 $73.76 1 1 $221,8 02 $209 ,975 $83.77 18 $236,892 $234, 950 $7 7.55 14 $204, 143 $203 ,049 $7 1.69 17 $190,8 82 $155 ,000 $72.86

Rio Verde 7 $411,929 $310,000 $168.56 5 $479,300 $495,000 $189.09 1 $ 20 2, 00 0 $ 20 2, 00 0 $ 11 5.3 0

San Tan Valley 458 $98,167 $87,250 $47.91 33 $167,608 $136,500 $84.13 25 $131,922 $98,410 $63.64 86 $103,359 $97,500 $51.07 63 $88,471 $81,000 $43.75

Scottsdale 5 39 $ 47 0, 32 4 $ 34 5, 00 0 $ 17 1.6 1 6 $ 1, 06 2, 65 1 $ 93 5, 67 4 $ 25 3.5 7 2 39 $ 59 0, 36 4 $ 45 8, 00 0 $ 20 2.2 4 41 $356, 994 $278 ,000 $148 .41 87 $427,6 91 $316 ,000 $151.57

Sun City 1 14 $114, 601 $111,20 0 $65.54 1 $169,9 90 $169 ,990 $53.01 71 $120,327 $113, 000 $7 2.12 3 $127,667 $125,000 $63.98 7 $123,526 $132,000 $54.69

Sun City West 1 02 $187, 188 $167,50 0 $96.86 7 $222,9 71 $222 ,008 $79.83 78 $184,350 $164, 750 $ 10 1.76 5 $190,086 $165,000 $93.56 3 $185,000 $180,000 $81.14

Sun Lakes 40 $194,547 $167,062 $104.05 30 $209,423 $198,500 $108.98 4 $196,288 $197,625 $103.08 1 $91,000 $91,000 $95.99

Surprise 4 57 $134, 895 $120,00 0 $63.79 2 1 $170,8 98 $160 ,000 $82.83 105 $179,767 $159, 000 $9 5.78 57 $142, 612 $138 ,888 $6 1.40 73 $113,6 45 $105 ,000 $52.59

Tempe 1 64 $171, 171 $139,06 3 $91.64 2 $247,6 16 $247 ,616 $ 123.62 49 $228,766 $180, 000 $10 7.62 22 $194, 599 $177 ,500 $103 .89 20 $174,3 93 $140 ,000 $92.73

Tolleson 148 $83,645 $77,000 $43.43 9 $135,070 $130,283 $75.01 9 $90,053 $88,000 $43.79 10 $94,862 $92,000 $48.26 20 $76,510 $73,500 $41.04

Tonopah 9 $69,019 $52,153 $38.47 3 $46,333 $46,000 $37.32 1 $49,700 $49,700 $26.62 1 $56,000 $56,000 $30.01

Waddell 32 $183, 527 $164,29 3 $67.00 7 $173,1 92 $163 ,208 $71.16 2 $332,950 $332, 950 $ 10 2.34 3 $192,000 $160,000 $72.39 7 $189,714 $205,000 $63.08

Wickenburg 11 $114,827 $90,000 $79.52 5 $141,700 $125,000 $91.37 1 $71,000 $71,000 $59.36 1 $235,000 $235,000 $113.97

Wittmann 16 $144,631 $149,950 $73.77 3 $208,333 $195,000 $89.31 4 $134,700 $152,400 $79.17 4 $135,125 $140,000 $71.66

Youngtown 30 $56,600 $52,600 $37.84 2 $43,250 $43,250 $34.60 1 $38,500 $38,500 $28.86 4 $66,875 $73,750 $38.09

Maricopa County 9 ,0 62 $ 16 8, 49 0 $ 11 8, 00 0 $ 84 .3 0 3 94 $ 25 1, 30 6 $ 22 4, 32 1 $ 10 2.1 8 1 ,9 52 $ 27 6, 32 0 $ 17 5, 00 0 $ 12 6.8 3 9 12 $ 15 6, 66 6 $ 13 2, 50 0 $ 79 .0 1 1 ,4 17 $ 16 9, 92 5 $ 12 7, 90 0 $ 80 .2 4

Pinal County 1,2 46 $103, 959 $85,00 0 $51.50 7 7 $188,6 66 $160 ,196 $97.27 129 $180,621 $140, 000 $8 8.20 192 $103,024 $96,000 $51.09 168 $97,812 $81,500 $48.32

Total 1 0, 30 8 $ 16 0, 69 0 $ 11 1, 00 0 $ 80 .3 0 4 71 $ 24 1, 06 6 $ 21 6, 79 9 $ 1 01 .5 2 2 , 08 1 $ 27 0, 38 7 $ 17 4, 90 0 $ 12 4.5 7 1 ,1 04 $ 14 7, 33 7 $ 12 2, 50 0 $ 74 .0 9 1 ,5 85 $ 16 2, 28 1 $ 11 9, 00 0 $ 76 .9 9




16/18


Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Sold Sale Price Sale Price $/SqFt Un so ld O pe ni ng Bi d O pe ni ng Bi d $ /Sq Ft

Anthem 5 $166,400 $145,000 $74.37 10 $186,663 $181,807 $82.62 1 $201,000 $201,000 $68.39 7 $203,187 $213,500 $86.06 7 $ 23 3, 45 4 $ 20 9, 21 4 $ 12 8.0 1

Apache Juntion 15 $77,973 $68,100 $52.96 10 $91,865 $79,500 $58.91 4 $71,450 $73,150 $54.98 15 $50,270 $44,300 $35.52 3 4 $ 12 8, 46 0 $ 11 2, 92 9 $ 86 .2 2

Arizona City 9 $38,556 $39,000 $29.61 9 $60,620 $54,900 $38.66 2 $44,500 $44,500 $32.20 4 $60,162 $55,086 $40.49 18 $76,8 14 $73 ,450 $48.58

Avondale 35 $91,570 $83,000 $47.29 52 $99,794 $93,000 $50.89 19 $83,868 $75,300 $42.54 37 $78,681 $80,000 $44.61 7 0 $ 15 4, 90 3 $ 14 3, 91 6 $ 73 .0 3

Buckeye 25 $82,280 $68,000 $42.59 52 $92,402 $79,700 $45.78 27 $61,819 $59,000 $31.44 25 $79,842 $66,100 $38.89 88 $161,163 $150,039 $74.05Carefree 1 $ 28 9, 00 0 $ 28 9, 00 0 $ 98 .6 7

Casa Grande 18 $77,348 $69,538 $40.36 12 $87,398 $84,950 $45.92 14 $70,468 $62,301 $37.12 16 $80,919 $73,450 $37.90 40 $147,782 $141,178 $68.07

Cave Creek 6 $298,133 $322,900 $115.20 11 $230,636 $223,000 $107.27 7 $173,985 $164,801 $91. 46 14 $336,861 $350,370 $128.19

Chandler 59 $152,559 $125,000 $81.14 94 $145,565 $129,900 $80.47 8 $95,284 $96,536 $67.20 75 $150,423 $120,500 $73. 63 118 $205,107 $206,718 $106.25

Coolidge 8 $75,348 $59,950 $37.53 9 $48,142 $54,900 $28.70 6 $62,683 $55,250 $26.37 8 $87,795 $57,821 $40. 34 7 $95,631 $96,640 $48.61

El Mirage 15 $67,690 $65,100 $41.33 24 $68,003 $66,300 $42.77 9 $53,822 $55,000 $36.27 29 $54,270 $55,000 $35. 23 19 $116,967 $128,720 $74.63

Eloy 1 $15,000 $15,000 $13.59 3 $34,633 $24,900 $19.59 1 $25,501 $25,501 $20. 67 5 $57,123 $38,076 $43.31

Florence 5 $51,520 $52,500 $28.25 17 $77,129 $69,000 $35.31 12 $59,820 $55,000 $29.94 5 $50,797 $44,800 $29. 51 21 $144,292 $146,343 $64.25

Fountain Hills 5 $314,180 $262,000 $106.26 7 $260,501 $265,000 $128.77 5 $448,309 $362,944 $130.38 13 $406,081 $252,000 $142.71

Gilbert 66 $173, 030 $145,00 0 $78.65 11 7 $151,0 02 $146 ,750 $78.18 20 $120,066 $116, 250 $6 7.43 77 $166,533 $145,201 $72. 05 128 $225,798 $214,981 $110.55

Glendale 79 $110,805 $90,000 $58.82 151 $93,703 $82,000 $55.75 38 $68,252 $64,000 $40.35 101 $82,999 $67,600 $48. 86 203 $163,613 $159,184 $91.40

Gold Canyon 2 $247,450 $247,450 $96.25 9 $142,689 $150,000 $69.49 6 $131,283 $120,100 $73. 54 9 $351,819 $296,955 $127.49

Goodyear 32 $134,423 $114,450 $62.03 52 $113,005 $103,750 $58.01 18 $81,657 $80,550 $47.66 41 $108,868 $90,700 $52. 16 68 $191,212 $185,741 $91.05

Laveen 25 $112,155 $100,000 $48.12 65 $99,660 $96,000 $45.10 8 $66,850 $67,500 $39.29 30 $91,988 $84,800 $43. 55 59 $194,751 $196,281 $85.51

Litchfield Park 7 $187,186 $128,000 $70.65 12 $153,479 $144,450 $66.74 1 $80,000 $80,000 $53.23 5 $154,443 $108,200 $61. 30 22 $654,478 $203,275 $247.41

Maricopa 27 $81,044 $77,000 $36.10 63 $90,987 $84,000 $39.01 37 $68,701 $68,500 $32.98 52 $83,869 $76,700 $38. 25 83 $154,611 $149,476 $67.51

Mesa 121 $122,296 $88,000 $65.84 167 $104,008 $94,200 $62.08 31 $80,488 $82,950 $52.02 100 $111,984 $176,501 $60. 60 266 $159,118 $141,187 $91.79

New River 3 $106,417 $128,750 $798.13 11 $189,883 $159,000 $80.80 1 $198,000 $198,000 $63. 71 7 $216,192 $181,938 $94.01

Paradise Valley 5 $912,180 $524,900 $228.52 5 $1,203,040 $1,050,000 $203.71 4 $814,111 $823,460 $128.30

Peoria 61 $141,454 $98,900 $67.15 86 $120,530 $94,250 $64.90 11 $85,789 $78,000 $52.45 65 $133,488 $112,101 $62. 77 108 $188,043 $164,531 $100.40

Phoenix 336 $89,213 $57,050 $54.62 550 $84,627 $66,000 $54.13 120 $57,284 $52,475 $38.97 434 $74,739 $47,200 $47. 93 757 $160,293 $147,013 $96.93

Queen Creek 9 $183,267 $182,500 $62.11 17 $175,006 $150,000 $81.40 4 $142,750 $114,000 $61.82 13 $167,392 $152,100 $66.50 3 0 $ 22 2, 46 0 $ 20 7, 44 3 $ 93 .2 7

Rio Verde 1 $ 28 5, 00 0 $ 28 5, 00 0 $ 10 6.3 0 1 $ 31 5, 00 0 $ 31 5, 00 0 $ 11 3.6 4

San Tan Valley 39 $89,808 $76,000 $42.72 90 $91,749 $85,950 $44.07 56 $72,743 $40.07 66 $88,962 $78,300 $39.58 1 01 $ 16 4, 47 0 $ 15 6, 51 0 $ 78 .3 4

Scottsdale 62 $431, 298 $324,25 0 $146.52 5 4 $219,5 83 $190 ,950 $109.90 2 $128,675 $128, 675 $7 0.14 48 $319,387 $288,550 $131.94 93 $393,468 $334,800 $162.06

Sun City 7 $105,986 $98,000 $61.01 18 $94,668 $84,140 $56.98 4 $104,750 $100,500 $47.86 3 $79,567 $58,401 $47. 17 19 $137,081 $103,725 $83.79

Sun City West 1 $425,000 $425,000 $152.66 3 $164,250 $118,750 $84.45 5 $140,571 $134,600 $66. 11 3 $170,771 $145,114 $120.54

Sun Lakes 1 $91,000 $91,000 $95.99 1 $125,000 $125,000 $65.86 1 $130,100 $130,100 $67.69 2 $138,462 $138,462 $72.78 2 $ 27 5, 02 4 $ 27 5, 02 4 $ 11 2.2 8

Surprise 38 $111,284 $100,700 $53.42 83 $121,262 $119,900 $57.14 23 $95,071 $98,200 $44.78 57 $110,134 $110,001 $47. 65 131 $178,978 $166,474 $112.67

Tempe 22 $124,399 $116,750 $70.25 26 $116,281 $114,883 $72.12 3 $60,368 $49,105 $49.71 20 $132,852 $109,933 $76. 30 31 $178,788 $150,750 $112.55

Tolleson 23 $78,301 $71,500 $38.95 31 $91,554 $88,000 $45.16 21 $71,812 $73,000 $40.55 25 $69,412 $68,681 $36. 84 57 $167,628 $181,833 $82.55

Tonopah 3 $111,051 $115,000 $48.18 1 $43,315 $43,315 $24.40 3 $199,828 $230,116 $100.72

Waddell 2 $239,000 $239,000 $91.64 5 $166,100 $192,000 $58.11 3 $126,053 $126,560 $47.54 3 $134,653 $94,801 $52. 87 9 $175,849 $171,000 $93.33

Wickenburg 1 $45,000 $45,000 $56.60 2 $82,450 $ 82,450 $55.90 1 $38,701 $ 38,701 $34.31 6 $184,618 $186,498 $106.93

Wittmann 2 $169,245 $169,245 $62.59 3 $90,433 $103,500 $58. 84 5 $196,252 $186,498 $78.85

Youngtown 2 $38,000 $38,000 $39.92 10 $64,330 $55,450 $41.47 4 $52,850 $50,000 $33.24 7 $53,543 $55,500 $36.58 7 $135,986 $131,427 $104.31

Maricopa County 1,0 55 $138, 056 $91,00 0 $70.70 1 ,72 3 $110,1 66 $97 ,000 $61.79 376 $74,323 $67, 500 $4 4.08 1, 233 $114, 507 $80 ,003 $6 0.97 2 ,3 53 $ 18 9, 04 4 $ 16 4, 00 0 $ 10 0. 21

Pinal County 126 $80,072 $67,550 $41.10 248 $88,499 $84,950 $42.89 133 $69,243 $67,000 $36.11 173 $82,611 $76,000 $39.52 3 27 $ 15 0, 75 1 $ 14 4, 34 4 $ 72 .7 5

Total 1,1 81 $131, 870 $87,53 8 $67.55 1 ,97 1 $107,4 40 $94 ,000 $59.09 509 $72,996 $67,500 $41.79 1,406 $110,582 $78,500 $ 58 .0 8 2 ,6 80 $ 18 4, 37 2 $ 15 9, 85 0 $ 96 .5 8




17/18


Sale Price Sale Price SqFt Sale Price Sale Price SqFt Sale Price Sale Price SqFt Sale Price Sale Price SqFt Sale Price Sale Price SqFt

Anthem 1 $9 1,500 $91,500 $ 76.0 0 1 $91,500 $91,500 $76.00

Apache Juntion 5 $84,360 $69,000 $61.93 1 $68,500 $68,500 $60.04 1 $69,000 $69,000 $55.51

Arizona City

Avondale

Buckeye 2 $187,500 $187,500 $99.71 1 $180,000 $180,000 $95.19 1 $ 19 5,0 00 $ 19 5,0 00 $ 10 4. 28

Carefree 12 $214,542 $228,350 $134.85 10 $225,980 $236,250 $140.92 1 $ 23 6,7 00 $ 23 6,7 00 $ 12 0. 15

Casa Grande 3 $12 6,37 3 $146,718 $ 96.2 7 2 $ 151,309 $ 151,3 09 $117.11 1 $76,500 $ 76,5 00 $56.50

Cave Creek 4 $174,700 $159,950 $146.65 3 $139,933 $119,900 $152.71

Chandler 8 0 $9 2,66 2 $70,250 $ 77.0 8 5 $ 221,874 $ 235,0 00 $141.14 10 $97,030 $ 82,2 50 $85.04 2 $236,250 $236,250 $119.11 18 $76,656 $71,275 $68.26

Coolidge

El Mirage

Eloy

Florence

Fountain Hills 2 8 $ 16 7,1 33 $ 14 0, 75 0 $ 11 6.9 8 2 $ 27 7, 50 0 $ 27 7,5 00 $ 16 6. 57 1 6 $ 20 1, 23 8 $ 16 6,5 00 $ 13 4. 58 2 $155,750 $155,750 $ 103.11 1 $60,000 $60,000 $43.99

Gilbert 45 $91,192 $82,500 $69.02 7 $119,971 $95,000 $84.80 9 $89,656 $83,500 $69.31 7 $92,243 $94,000 $65.70

Glendale 67 $34,986 $29,900 $30.79 9 $36,557 $30,609 $40.03 1 $14,000 $14,000 $14.93 13 $39,992 $35,000 $31.51

Gold Canyon 1 $685,000 $685,000 $252.21 1 $685,000 $685,000 $252.21

Goodyear 6 $80,150 $72,750 $63.64 2 $99,000 $99,000 $88.12Laveen

Litchfield Park 9 $82,070 $75,000 $62.66 1 $123,000 $123,000 $87.17 1 $76,630 $76,630 $54.54 1 $89,000 $89,000 $78.76 3 $89,667 $56,000 $58.44

Maricopa 1 $ 10 8,0 00 $ 10 8, 00 0 $ 70 .4 5

Mesa 22 9 $6 6,62 6 $50,401 $ 59.1 2 3 $ 251,047 $ 275,0 00 $166.33 63 $102,971 $ 90,0 00 $84.16 11 $61,267 $55,900 $55.65 20 $59,650 $54,250 $51.55

New River

Paradise Valley 8 $252,938 $178,500 $177.33 5 $325,700 $249,500 $201.82 1 $ 21 0,0 00 $ 21 0,0 00 $ 17 5. 00

Peoria 32 $78,267 $65,380 $63.42 9 $123,747 $135,000 $89.84 7 $68,823 $70,000 $56.84

Phoenix 70 9 $7 7,38 8 $52,900 $ 67.2 9 51 $ 139,094 $ 105,9 00 $122.76 152 $89,370 $ 49,5 00 $78.74 60 $110,042 $65,500 $97.00 102 $85,049 $62,250 $70.05

Queen Creek

Rio Verde 2 $ 25 2, 50 0 $ 25 2, 50 0 $ 12 3. 02 1 $ 18 0,0 00 $ 18 0,0 00 $ 90 .7 3

San Tan Valley

Scottsdale 3 59 $ 19 0,9 52 $ 13 1, 50 0 $ 14 1.8 1 1 9 $ 42 8, 99 1 $ 39 9,5 00 $ 29 2. 33 1 46 $ 24 1, 08 6 $ 18 3,5 00 $ 16 3. 09 2 7 $ 16 1,7 85 $ 13 0,0 00 $ 12 7. 94 4 6 $ 14 5,6 98 $ 11 6,0 00 $ 11 1.5 9

Sun City 54 $64,704 $55,250 $46.49 40 $70,247 $68,700 $48.79

Sun City West 19 $96,057 $100,000 $68.33 17 $99,535 $103,000 $70.25

Sun Lakes 8 $182,688 $176,000 $113.37 7 $186,786 $180,000 $114.36 1 $ 15 4,0 00 $ 15 4,0 00 $ 10 5. 62Surprise 13 $81,347 $82,000 $77.51 2 $100,250 $100,250 $76.64 6 $88,150 $96,250 $94.67 2 $49,555 $49,555 $48.28

Tempe 9 7 $9 8,41 1 $72,000 $ 82.2 4 1 $ 515,143 $ 515,1 43 $277.71 22 $122,242 $ 88,5 00 $95.07 7 $105,393 $97,000 $80.50 12 $90,071 $72,250 $75.21

Tolleson

Tonopah

Waddell

Wickenburg 1 $44,000 $44,000 $55.56 1 $44,000 $44,000 $55.56

Wittmann

Youngtown 3 $25,540 $27,700 $24.42 1 $27,900 $27,900 $39.19

Maricopa County 1 ,7 88 $ 10 3,3 08 $ 69 ,9 00 $ 84 .7 2 8 4 $ 22 0, 24 8 $ 17 6,5 50 $ 13 8. 25 5 28 $ 14 3, 19 1 $ 10 5,5 00 $ 10 9. 23 126 $120,187 $81,950 $98.42 231 $91,369 $70,000 $74.20

Pinal County 1 1 $ 16 1,4 47 $ 12 5, 00 0 $ 10 6.3 5 2 $ 15 1, 30 9 $ 15 1,3 09 $ 11 7. 11 4 $ 25 3, 00 0 $ 12 9,0 00 $ 14 6. 41 1 $69,000 $69,000 $55.51

Total 1 ,7 99 $ 10 3,6 63 $ 69 ,9 00 $ 84 .8 9 8 4 $ 22 0, 24 8 $ 16 4,5 00 $ 13 8. 25 5 32 $ 14 4, 01 7 $ 10 5,5 00 $ 10 9. 60 126 $120,187 $81,950 $98.42 232 $91,272 $69,900 $74.12




18/18


a e Pr ce a e Pr ce qFt a e Pr ce a e Pr ce qFt a e Pr ce a e Pr ce qFt a e Pr ce a e Pr ce qFt pen ng B pen ng B qFt

Anthem

Apache Juntion 1 $34,300 $34,300 $35.59 2 $125,000 $125,000 $72.17

Arizona City

Avondale

Buckeye

Carefree 1 $78,000 $78,0 00 $71.82

Casa Grande

Cave Creek 1 $ 27 9, 00 0 $ 27 9, 00 0 $ 13 8. 39

Chandler 10 $74,930 $65,000 $66.47 21 $94,377 $70,000 $73.57 2 $36,925 $36,925 $41.21 12 $56,325 $51,276 $53.17 2 7 $ 13 2, 61 0 $ 13 0, 87 8 $ 12 4. 24

Coolidge

El Mirage

Eloy

Florence

Fountain Hills 2 $91,963 $91,963 $71.54 3 $59,333 $38,000 $54.53 2 $85,750 $85,750 $67.79 6 $ 14 0,5 81 $ 63 ,7 73 $ 11 8.4 5

Gilbert 6 $96,983 $80,500 $65.86 11 $85,300 $78,900 $67.05 2 $50,925 $50,925 $51.26 3 $63,065 $69,795 $57.86 1 3 $ 11 6,2 40 $ 12 3,7 58 $ 97 .0 8

Glendale 8 $26,281 $23,500 $23.65 19 $41,629 $33,000 $35.32 10 $31,559 $28,301 $28.87 7 $23,482 $23,600 $19.93 31 $78,403 $66,597 $68.07

Gold Canyon 2 $ 31 8,4 83 $ 31 8,4 83 $ 14 8.4 8Goodyear 2 $72,700 $72,700 $58.79 2 $68,750 $68,750 $48.48 1 $ 15 8,2 29 $ 15 8,2 29 $ 12 3.9 1

Laveen 1 $ 19 3,2 32 $ 19 3,2 32 $ 13 9.2 2

Litchfield Park 2 $53,000 $53,000 $61.52 1 $75,000 $75,000 $49.50 2 $ 12 2,8 64 $ 12 2,8 64 $ 10 4.7 0

Maricopa 1 $ 10 8,0 00 $ 10 8,0 00 $ 70 .4 5 2 $ 12 6,2 40 $ 12 6,2 40 $ 99 .1 7

Mesa 28 $47,562 $35,600 $44.80 64 $48,866 $41,200 $45.72 16 $36,432 $33,000 $35.03 24 $46,168 $45,363 $41.91 53 $93,362 $98,561 $88.95

New River

Paradise Valley 1 $95,000 $95,000 $86.44 1 $90,000 $90,000 $86.29 9 $107 ,541 $55 ,215 $5 4.27

Peoria 1 $25,000 $25,000 $30.86 10 $65,670 $54,500 $52.95 1 $78,000 $78,000 $68.60 4 $37,339 $36,028 $34.98 2 0 $ 12 8, 58 1 $ 14 1, 10 9 $ 10 0. 05

Phoenix 67 $72,689 $48,000 $56.80 170 $51,160 $40,200 $44.72 39 $40,160 $38,000 $36.44 94 $50,839 $37,426 $47.45 1 94 $98 ,905 $76 ,875 $8 8.35

Queen Creek

Rio Verde 1 $ 32 5, 00 0 $ 32 5, 00 0 $ 15 3. 23 1 $ 20 6,2 56 $ 20 6,2 56 $ 14 2.6 4

San Tan Valley

Scottsdale 2 9 $15 2,32 1 $129,499 $1 13.1 1 50 $97,236 $75,5 00 $84.36 3 $64,925 $ 70,8 75 $57.37 38 $1 16,4 79 $ 78,2 51 $103.25 4 4 $ 19 8, 33 6 $ 15 8, 34 3 $ 16 0. 92

Sun City 1 $45,500 $45,500 $34.52 10 $53,055 $48,950 $41.55 1 $41,001 $41,001 $33.89 2 $33,551 $33,551 $29.66 12 $82,643 $77,397 $65.02

Sun City West 1 $71,000 $71,000 $50.68 1 $62,000 $62,000 $50.78 1 $54,026 $54,026 $38.56Sun Lakes 1 $ 26 3,9 42 $ 26 3,9 42 $ 14 8.7 8

Surprise 1 $77,000 $77,000 $60.25 2 $76,000 $76,000 $72.04 3 $87,045 $72,000 $80.60

Tempe 17 $80,019 $68,000 $66.35 28 $91,721 $64,500 $84.30 3 $88,465 $93,094 $82.22 7 $46,988 $47,920 $40.09 1 7 $ 12 5, 88 4 $ 13 1, 39 8 $ 10 9. 85

Tolleson

Tonopah

Waddell

Wickenburg

Wittmann

Youngtown 1 $27,700 $27,700 $22.16 1 $21,020 $21,020 $17.87 1 $ 12 2,3 55 $ 12 2,3 55 $ 97 .8 8

Maricopa County 172 $81,251 $56,750 $65.81 398 $64,318 $51,050 $55.90 81 $43,137 $41,001 $39.32 193 $62,483 $47,176 $57.01 4 37 $112 ,992 $98 ,561 $9 7.46

Pinal County 1 $34,300 $34,300 $35.59 3 $119,333 $125,000 $71.64 4 $ 22 2,3 62 $ 19 9,9 07 $ 13 0.1 1

Total 173 $80,979 $56,500 $65.67 398 $64,318 $51,050 $55.90 81 $43,137 $41,001 $39.32 196 $63,353 $47,800 $ 57 .3 5 4 41 $ 11 3,9 84 $ 10 0,0 00 $ 97 .8 9



Documents

May 2012 Housing Report