Phoenix City Real Estate Market Data Analysis

> Phoenix City Real Estate Market Data Analysis These data cover the first eight months of 2011, compared with 2010 and previous years. Phoenix City Price Ratio 2…

>Phoenix City Real Estate Market Data Analysis These data cover the first eight months of 2011, compared with 2010 and previous years. Prices in Phoenix dropped by 20% compared to 2010, and sales dropped by 25%. The decline is more pronounced than in the past five years. Divided by postal code, in the area with postal code 85032, prices dropped by 57.7% compared to 2006. The zip code 85027 saw a 62.9% decrease. In the 85017 area of ​​central Phoenix, prices dropped 81.3%. In other words, a house bought for US$100,000 in 2006 is now resold for US$18,700. The only areas where new homes are being built are in South Phoenix Ridge and Laveen, along Interstate 17 and North Highway 101, and along the western edge of Loop 101. Even in these areas, new home sales are priced as they were in the 1950s. In contrast, the real estate market in Chandler, Gilbert, and other southern new development areas recovered quite smoothly in the first eight months of 2011 due to the development of new immigrants and new industries. For more questions about real estate developers, please contact Tinna Xie 480-287-0180 goldtrustrealty2010@gmail.com