Southeast Valley
properties available have become more diverse with both affordable and high-end communities.
In the southwest Valley, Laveen ZIP code 85339 has experienced the biggest increase in value so far this year. The area, next to south Phoenix, saw its median price climb 24 percent to $159,950 from $129,000.
Waddell, north of Interstate 10 and west of the White Tank Mountains, has seen a boom in sales. In the first nine months of this year, 333 houses sold in ZIP code 85355. During all of 2012, 316 houses sold in the area. The median price of a house in Waddell is now $201,000.
The highest-priced houses in the southwest Valley are in Goodyear’s 85395 ZIP code, home to the Eagle’s Nest Golf Club community, where the median price is $271,542.
The most affordable houses in the southwest Valley can be found in Buckeye’s 85326 ZIP code. The area, stretching south of I-10 almost to Interstate 8, has a median price of $130,000.
In the northwest Valley, the Peoria neighborhood in ZIP code 85383 has a median price of $302,000. That’s the highest for the area. The ZIP code includes a couple of large communities, including Vistancia.
The Glendale neighborhood within ZIP code 85301 experienced a 36.9 percent increase in values. The median price in the area, north of Maryvale, climbed to $89,000. The neighborhood is also the most affordable in the West Valley.
Sun City West has had an 8.4 percent increase in median prices this year, the smallest increase in the West Valley.
Northeast Valley
Prices rose the most in south Scottsdale’s 85257 ZIP code. The median price in the community, bordering Phoenix to the west and Tempe to the south, rose 27.3 percent to $165,000. The neighborhoods are Scottsdale’s most affordable housing areas.
As usual, Paradise Valley has the highest median price in metro Phoenix. ZIP code 85253’s median price is $1.275 million. That’s up 15.9 percent from 2012.
ZIP code 85259 in central Scottsdale, west of Loop101, saw values climb the least this year. The median price in the neighborhood rose less than 5 percent to $558,750.
Older affordable neighborhoods in Mesa’s 85201 ZIP code saw the biggest price increases in the southeast Valley so far this year. The median price of a house in the area, south of the Red Mountain Freeway, has soared 46 percent to reach $130,000.
The southeast Valley’s highest-priced houses are in the Tempe 85284 ZIP code. The area, between Elliot and Ray roads and I-10 and Loop101, has a median price of $348,900. Values have climbed 14.4 percent in the neighborhood, the lowest increase for the southeast Valley.
New-home prices in metro Phoenix climbed the fastest in Gilbert ZIP code 85297, west of the San Tan Freeway and north of Queen Creek Road. There, the median new-home price rose 46.9 percent to $343,698.
The Queen Creek area in ZIP code 85142, just west of the Gilbert area with the biggest increase, saw the smallest Valley increase in new-home costs. The area’s median new-home price climbed less than 1 percent, to $259,179.