Queen Creek Home Values, Too Low?
May 11th, 2009
Categories:Real Estate News
According to the Cromford report, their data shows Queen Creek homes are selling way below 2004 (as well as 2003 and 2002) prices, in terms of price per square foot. The image below shows the data as it is represented by Cromford.
Side Note: Queen Creek saw a good deal of growth and expansion during the housing boom. As a result, data gathered on the housing market pre-real estate boom might be somewhat unreliable because the homes being sold are probably very different from what was being sold in 2002 and earlier. Queen Creek home builders also Read the rest of this entry »
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Chandler Home Values, Finally a Reset?
May 11th, 2009
Categories:Real Estate News
According to the Cromford report, their data shows Chandler homes are selling at early (and slightly below) 2004 prices, (in terms of price per square foot). The image below shows the data as it is represented by Cromford.
A Break Down Line by Line:
- Blue (2004) – Notice the uptick in prices from February to December
- Green (2005) – From January to November the prices skyrocketed
- Red (2006) – The market was surprisingly stable for the first 3 months, before becoming erratic through July and then dropping
- Purple (2007) – Again the market was stable at first, then it became erratic and prices began falling
- Olive (2008) – This year showed a very steady and consistent drop in prices
- Orange (2009) – Chandler home prices have been dropping at a steady rate up until mid April when the price per sqft values dipped just below 2004 prices, which would give you the impression the Chandler housing market has done its “reset”
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Gilbert Homes Undervalued?
May 11th, 2009
Categories:Real Estate News
According to the Cromford report, their data shows Gilbert homes are selling at early 2004 prices, (in terms of price per square foot). The image below shows the data as it is represented by Cromford.
A Break Down Line by Line:
- Blue (2004) – Notice the uptick in prices from July to December
- Green (2005) – From January to November the prices skyrocketed
- Red (2006) – The market was surprisingly stable for the first 6 months, before dropping in prices from June to September
- Purple (2007) – The first 5 months proved a little erratic before prices began dropping in May
- Olive (2008) – The most dramatic drop occurred here
- Orange (2009) – We’ve had a pretty stable market and the prices are sitting just below/around early 2004 prices, which would give you the impression the market has done its “reset”
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