Housing Market in Phoenix Arizona Increases 34%

Jennifer Wehner Top 1% Producing Realtors in Scottsdale

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April 2, 2013 (RSS Newsfeed) – There’s a decrease in the supply of homes in Phoenix, Arizona.

The Housing Market prices in Phoenix has grown 34% because foreclosures have dropped by 51% and the supply of homes for sale has dropped by 6%.  The fact is that most choices for finding cheap homes have dwindled.  Homes being listed by lenders have been selling for lower prices.  We are currently experiencing more expensive transactions, which appear to be on the up rise.  These transactions that exist are like the normal resales we used to experience, as well as the new-home sales we were used to.

The surge in home prices in Phoenix, Arizona has grown rapidly over the past year.  This equates into homeowners having regained more than half of the value of their homes which they may have been lost during the housing crash.

A year ago, the median home price in Phoenix was $122,000.  At the end of 2012, the average home market price in Phoenix had increased to $164,000.

There was a 12 percent decline for the year of 2012, or about 8,000 homes, which were sold in Phoenix.   This decline occurred because there were fewer homes listed on the market.  The amount of Phoenix market homes listed on the market began to increase during the very end of 2012.

Jennifer Wehner is a Top Producing Phoenix Realtor and Your Best Choice for a Phoenix and Scottsdale Real Estate AgentNOW is the perfect opportunity to list your home with an experienced and knowledgeable Real Estate Broker, Jen Wehner, a highly recommended Scottsdale Realtor.



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Jennifer Wehner, Scottsdale Arizona Real Estate Broker



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