Looking at actual home price appreciation, not median home prices, we see in the last few months of 2009 (through November);

  • Appreciation returning to Glendale,
  • Continued depreciation in Scottsdale / Paradise Valley, and
  • An end, more or less, to the home price depreciation in the other cities shown.

Click on Graph

Carl Guntermann at ASU uses a modified Case-Shiller statistical technique to look at home price appreciation within metropolitan Phoenix. Case-Shiller only looks a home price appreciation in metropolitan Phoenix as a whole. I (John Wake) created the graph above based on ASU data.