Amy Golba Designated Broker
480-628-9448 Amy.Golba@gmail.com www.21Arizona.com
Demand Down Across the Valley but Property Values Up The median home price for a single family home in portions of Phoenix, Glendale and Avondale rose more than 34% over the past year, according to numbers from the Maricopa County Assessor's Oﬃce.
Homeowners just like you are shocked to realize how much their homes appreciated in the past year!
All areas throughout Maricopa County saw double digit increases in residential property value. Those areas seeing the smallest increase include Gila Bend, Sun City and Cave Creek.
Do you want to know the value of your home? Contact me today to receive a no-obligation market value report!
Did You Know? !
If you add up all the numbers from 1 to 100 consecutively (1 + 2 + 3...) it totals 5050.
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Rubber bands last longer when kept refrigerated. There is enough gas in a full tank of a Jumbo Jet to drive the average car 4 times around the world. In every episode of Seinfeld there is a reference to Superman. The film 'Mary Poppins' was filmed entirely indoors.
Perhaps attributed to the twentyfour month climb in prices, demand has fallen sharply according to Mike Orr, Director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business at Arizona State University.
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"We've had two years of very strong increases and we now got so far up that buyers are being put oﬀ. They can't aﬀord those prices," said Orr. Orr's research indicates the average home price in the Valley is up 25% over the past year, yet in that same period of time home sales have dropped 17%. "I'm not saying things will go down, it's just that we've stopped rising," said Orr. The Maricopa County Assessor's Oﬃce Friday mailed out over a million valuation letters for property owners. The average home price in Maricopa County is $160,000. The notices you get in the mail this next week represent the value you will be taxed on in 2015. "I think pricing right now is relatively fair. Neither too high or too low. But we don't have an economy right now running on all cylinders," said Orr.
In a deck of cards the king of harts is the only king without a moustache. Century 21 Platinum Real Estate | 2141 E. Pecos Rd., Chandler, AZ 85225 | 480-628-9448