(See recent posts on Phoenix Case-Shiller Home Price Index.)
The Case-Shiller index of home prices is the best measure of home price appreciation when looking at entire metropolitan areas in the United States. It doesn’t measure appreciation in smaller areas such as cities or zip codes, however.
The Case-Shiller home price index for metro Phoenix fell 0.8% in July and was 7.3% below the peak home price in June 2006.
Previous post on the Case-Shiller home price index for Phoenix here.
As always, remember that Phoenix is made up of many sub-markets with some sub-markets doing much better than others.
To take advantage of this Arizona real estate market, you want to hire a real estate agent who thoroughly understands your goals as well as the Phoenix real estate sub-markets. Please feel free to call and let’s talk about your real estate objectives.