Looking at actual home price appreciation – not median home prices – we see in the last few months through January 2010;

  • Scottsdale-Paradise Valley, Tempe and Chandler started to depreciate again after moving sideways during the middle months of 2009,
  • Glendale looked like it was starting to appreciate near the end of 2009 but lost steam, and
  • Peoria has seen stable prices for nearly a year.

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.