More News
- Page Two
- News Links
Anarchives
Radio/TV
- Declare Your Independence with Ernest Hancock
Letters To Editor
- List of Letters
- Write a Letter
Join Us
Marketplace
- Buy Stuff - Sell Stuff
- Store on CafePress.com
Special Editions
RSS Feeds
About Us
Log-In

Make a Comment • Email Link • Send Letter to Editor

IPFS News Link • Housing

1999 Prices: Phoenix's median home price fell to $115,000 in December

01-12-2011 • AZcentral.com

Metro Phoenix's median price for an existing home fell in December to $115,000 - comparable to the median home price in 1999. The dip is a new low for the region's housing market since the boom ended. The previous low was $119,900 in April 2009, according to real-estate analyst Information Market. The Pending Price Index from the Arizona Regional Multiple Listing Service projects the Phoenix's median home price to be $115,000 in January and $112,000 in February. Investors continue to purchase metro Phoenix land to prepare for the home-building market's recovery. Last week, Scottsdale-based Harvard Investments paid $30.7 million for 13,009 acres in Pinal County's Bella Vista development. The real-estate firm plans to resell the land to home builders.

Read Full Story

Reported By Jack Gregson

Make a Comment • Email Link • Send Letter to Editor