Sold prices are finally UP! When comparing March 2011 to March 2012, the median sold price per square foot for single family properties increased 15% in Maricopa County, 23.2% inPhoenix and 3% for Scottsdale. When comparing February 2012 to March 2012, the median sold price per square foot was up 4.3% in Maricopa County, 3.3% in Phoenix and 3.2% in Scottsdale. There is also a negative supply of homes under $150k.
Thanks goes out to Fletcher Wilcox of Grand Canyon Title Agency for another top notch report on the Arizona Real Estate market. Click on the link below for the full report.