Valley Home Sales Off to Sizzling Start in 2005
A new record high was established in January with 9,360 recorded home sales, a gain of almost 4,300 sales over the previous year. Median home prices also showed an increase of 24%, in data recently released by the Arizona Real Estate Center at Arizona State University.
Valleywide, from 2004 to 2005, other significant data included:
- Phoenix sales increased from 1,460 to 2,685 transactions, with the median sales price rising from $127,000 to $154,000.
- In Scottsdale, the resale market jumped from 515 to 785 sales, as the median price moved upward from $350,000 to $458,690.
- Glendale sales increased from 390 to 640 recordings, while the median price went from $148,950 to $171,450.
- In fast-devoping Gilbert, resale activity rocketed from 260 sales to 565; the median price rose from $190,000 to $244,000.
- Likewise, Chandler's resales ramped-up from 325 to 625 home sales, with the median price moving from $165,000 to $219,000.
- Surprise evidenced another strong showing as recorded sales increased from 170 to 370; the median price accelerated from $145,115 to $195,000.
See the Business Journal of Phoenix for a more detailed listing of Valley home sales in January.
8:28:21 PM 
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