Home Resale Values in the Phoenix Metro Area Area

A recent report by ASU reveals some areas of the Phoenix Metro Area have been harder hit by the decline in home resale values than others.  The study covers resales values from 2nd quarter 2007 to 2nd quarter 2008.

Great news for buyers…not so great news for sellers, many of whom are deciding to hold off on selling a home unless they absolutely have to. 

Visit ASU’s Polytechnic Website for more information about home values in the Phoenix Metro Area~

Click on the map below for a complete map view of percentage of change in home values from 2nd Quarter 2007 to 2nd Quarter 2008:

Home Values 2nd Quarter 2007 to 2nd Quarter 2008

 

 

 

 

 

 

 

 

There was actually some appreciation of homes in Tempe and Paradise Valley from the 1st to 2nd Quarter 2008~  Click on the snapshot to get the full map view.

Home Values 1st Quarter 2008 – 2nd Quarter 2008