AZCentral.com updated its “Median Home Prices for Valley ZIP Codes” tool with data through September 2008. This tool is a great resource that allows you to look at performance by zip code over the last five years. It allows you to search by “new homes”, “resale homes” and “all homes”.
Not only will you see median home prices year-over-year, but you will also see the number of homes sold as well as a percentage change year over year.
I pulled several zip codes in areas I represent to see how they have been performing and here is what I came up with:
| Change ’07-’08 | Change ’06-’07 | Change ’05’-’06 | ||
| Scottsdale | 85255 | -10.4% | 5.1% | 8.4% |
| 85262 | -16.9% | 5.4% | 31.1% | |
| 85260 | -12.8% | 0.0% | 7.6% | |
| 85266 | -6.4% | 1.0% | 16.7% | |
| Paradise Valley | 85253 | -0.2% | -5.2% | 27.6% |
| Data from AZCentral.com’s Home Values Tool. Information is for resale homes. | ||||
As you can see, the zip codes selected in Scottsdale and Paradise Valley have both benefited from the market boom a few years ago and have been impacted by today’s market. However, the price declines in these zip codes have not been as severe as we have seen in other areas of the Valley.
This tool is a great resource if you would like to see where prices have been and where they seem to be going in the zip codes you are interested in.
If you would like to try the tool for yourself, please visit AZ Central’s Home Values Tool.
Disclaimer:
Information herein deemed reliable but not guaranteed. Data and information are pulled from many sources and can change at any time. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2008 Heather Tawes Nelson
