This real estate bust will be the worst time in many people’s lives, “Remember, when we lost the house in 2008 and almost got divorced?”
But for real estate geeks, the economic shock is exposing the inner workings of housing economics.
The video below compares how the real estate bust effected the median home price per square foot in three neighboring zip codes in the northwest Valley of the Sun. Sun City West is intriguing because it had very few foreclosures while the two other nearby zip codes had tons of foreclosures.
Video Comparing a Low Foreclosure Zip Code to Two High Foreclosure Zip Codes
Click Graph
Sun City West 85375 Boundary Map
Click + to zoom in
Surprise 85374 Boundary Map
Click + to zoom in
El Mirage 85335 Boundary Map
Click + to zoom in