AZ Republic Valley Home Values 04-26-15 by LOCALiQ

A REPUBLIC SPECIAL REPORT | 2015

VALLEY HOME VALUES homevalues.azcentral.com

» The hottest neighborhoods and trends Page 3

» What is your home worth? Prices for every ZIP code Pages 13-16

» 20 key areas: A closer look Pages 4-12, 17-27

POISED FOR

GROWTH A fresh crop of buyers is driving home sales around the Valley

2 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

SPECIAL REPORT

VALLEY HOME VALUES

ABOUT THE PROJECT

Beyond the housing numbers ON THE BEAT Catherine Reagor covers real estate and growth. She searches for the best data and digs into it. Her source network is vast, and she has the ears of the real estate industry. She has won local and national awards for investigative, explanatory and beat reporting during her 25year-career as a journalist.

our living space is the most personal of spots. It can offer comfort, refuge, somewhere to indulge your interests and to entertain. Collectively, single-family residences — an estimated 1.5 million in metro Phoenix alone — are one of the best ways to measure the health of the economy. Market analysts collect a wealth of real-estate data in the Valley, making it possible to examine every sale, gath-

er all the data and take a clear look at home prices and housing trends. Since 1998, through boom, bust and recovery (and back), real-estate reporter Catherine Reagor has led The Republic’s reporting on the housing market. Working with data provider The Information Market, now owned by the Arizona Regional Multiple Listing Service, The Republic was one of the first media companies to track home sales and prices by ZIP code. Now, our coverage is expanding

again. This special section includes a deeper look at ZIP codes in the market that are attracting the most attention. Ronald J. Hansen, who covers the Arizona economy and specializes in data reporting, put together a series of indicators that provide an economic profile of each ZIP code community, which is paired with Reagor’s real estate analysis. Think you know an area? Look again. This in-depth analysis can’t be found anywhere else.

More online Go to home values .azcentral .com and realestate .azcentral .com to see the full report.

What you’ll find inside

How to reach her catherine.reagor@ arizonarepublic.com Phone: 602-444-8040 Twitter: @catherinereagor

ON THE BEAT Ronald J. Hansen covers the Arizona economy. He has applied data reporting in covering crime, politics and the economy to produce stories that have won state and national awards during his 23-year-career. How to reach him ronald.hansen@ arizonarepublic.com Phone: 602-444-4493 Twitter: @ronaldjhansen Photography John Samora

SPECIAL DATA PULLOUT: Pages 13-16

KEY ZIP CODES REPORT: Pages 4-12, 17-27

Map: Shows median sales-price change from Dec. 31, 2013, to Dec. 31, 2014, in all metro Phoenix ZIP codes with more than 50 home sales in the year.

About the area: Recap of key characteristics of the ZIP code.

Top 5, bottom 5 rankings: The Valley’s best and worst places for median sales prices and for annual price changes are presented by city and by ZIP code. Data are from the Information Market. Community median prices: Median overall home sales in 2014 are presented for key cities and towns around the Valley, based on the Information Market’s figures.

Reagor on real estate: Catherine Reagor’s analysis of ZIP code market trends. Median price comparison: From 2004 to 2014, each ZIP code’s median home price is compared with the median for metro Phoenix. Commute time: Average commuting times for each ZIP code were taken from the U.S. Census Bureau’s 2009-13 American Community Survey.

Graphics, page design Paige Powers, Courtney Kan, Nicole Vas, Suzy Palma

Income: The median household income for each ZIP code, as calculated by the Census Bureau, is compared with the statewide median and the national median.

Section editor Kathy Tulumello

Home ownership: Using Census Bureau data, each ZIP code is broken down to show the

percentages of residents who rent and own their homes and how that compares with averages for Arizona and the nation. Educational attainment: Each ZIP code is compared with state and national averages at five different levels of educational attainment as measured by the Census Bureau. Schools: Public schools, including charters, that have received a 9 or 10 rating from education website GreatSchools.org are shown for each ZIP code. Except where noted, the schools are within five miles of the particular ZIP code. Personal safety: The area’s larger communities are rated for safety by averaging three years of violent crime reported to the FBI and comparing the data with places nationally of similar size. They are scored on a percentile basis, with higher numbers meaning less reported violence.

Despite a 14 percent drop in sales, the Valley’s overall median sales price still climbed more than 5 percent, to reach $207,000 for the year. JOHN SAMORA/ THE REPUBLIC

Valley Home Values | The Arizona Republic

SPECIAL REPORT

VALLEY HOME VALUES

Sunday, April 26, 2015 3

2014 OUTLOOK, 2015 FORECAST

Steady year for Valley homes “Last year, we were all wondering where the buyers were,” said Diane Brennan, a real-estate agent with Phoenix’s Berkshire Hathaway Home Services and host of KTAR radio’s “That Real Estate Show.” “But parts of the Valley’s housing market held up in 2014, and now buyer interest is up all over metro Phoenix’s map.” Many potential boomerang buyers were still waiting to qualify for a mortgage, and most Millennials seemed happy renting. Their moves will dictate whether home prices climb in the Valley this year. Here’s a look at metro Phoenix’s housing market in 2014.

CATHERINE REAGOR AND RONALD J. HANSEN THE REPUBLIC

AZCENTRAL.COM

When many potential homebuyers decided to sit on the sidelines last year, home sales stumbled in many metro Phoenix neighborhoods. But prices didn’t suffer. Despite a 14 percent drop in sales, the Valley’s overall median sales price still climbed more than 5 percent to reach $207,000 for the year. Some neighborhoods in the Phoenix area saw double-digit price increases, and no areas saw dramatic drops in values. Mike Orr, director of the Center for Real Estate Theory and Practice at Arizona State University’s W. P. Carey School of Business, said that after a few years of rapid price increases and rising sales, it was a good thing for the Valley’s housing market to have a steadier year in 2014. “Though stable seems boring, it’s not a bad thing for a housing market to stabilize for a bit,” he said. And last year’s slowdown is over. Now, a rising number of young first-time buyers along with the people who lost houses during the crash, called “boomerang buyers,” empty nesters and investors are seriously looking or purchasing houses in the Valley. The area’s home sales are surging in the first months of 2015. Every spring, The Arizona Republic compiles a Valley Home Values special report analyzing the previous year’s home sales and prices, defining market trends and offering clues for how the market will fare in the current year. Some highlights: » Home prices climbed by 9 percent or more in 50 Phoenix-area ZIP codes in 2014. Several central Phoenix neighborhoods saw double-digit increases, signaling that more people want to live closer to job and entertainment hubs. » Home values have rebounded to preboom and crash levels in more than twothirds of all metro Phoenix neighborhoods. This means more homeowners in most Valley ZIP codes, but particularly neighborhoods in central and north Phoenix, the southeast Valley, Scottsdale and Peoria can sell and either move up or downsize, which will help the area’s shrinking supply of houses for sale. Prices in Tolleson and some other West Valley neighborhoods, hit hardest by the

Southeast: Pent-up demand

DAVID KADLUBOWSKI/THE REPUBLIC

Victoria and Brian Della Valle moved to the Valley last year and chose to buy a home in the growing Eastmark community in Mesa to be near a school for Brianna, their daughter.

MORE VALLEY HOME VALUES In today’s Republic: » Condo sales. Prices and demand are surging as interest in living closer to work and entertainment hubs grows. 1A » Regional reports. Which trends are driving the housing markets in Phoenix and the northeast, southeast and west Valley? A section

At homevalues.azcentral.com: » Browse an interactive graphic showing median sales prices in ZIP codes in metro Phoenix, and their 1- 5- and 10-year price changes. How does inflation affect your home appreciation? Find inflation-adjusted price changes as well.

At realestate.azcentral.com: » Compare 2014 home-price changes in the region’s communities. » Find out which remodeling projects give the most bang for the buck.

crash, haven’t fully recovered yet but likely will this year. » Areas where home prices did dip in 2014, including a few neighborhoods in Chandler, Mesa and Gilbert, posted above-average increases in 2013. » Home sales climbed in almost half of the Valley’s neighborhoods, especially

areas with affordable home prices and others close to jobs, freeways and shopping. » While homebuilding overall fell across metro Phoenix in 2014, new-home sales jumped in north Peoria, south Chandler and near Phoenix-Mesa Gateway Airport.

Some neighborhoods in Tempe, Chandler, Gilbert, Apache Junction and Queen Creek posted higher-than-average price increases during 2014. Now, demand from buyers is outpacing the number of houses for sale in some of the areas. Families continue to move to the southeast Valley to be near top-rated schools and to buy new, bigger houses. Brian and Victoria Della Valle bought a new house in the Mesa community Eastmark last spring to be near a school for their daughter. “We looked all over the Valley, but we wanted a new home and to be near a Basis school that didn’t have a waiting list,” said Brian Della Valle, who moved his family from New Jersey for his job. “We have a great neighborhood, shopping nearby and the 202 freeway makes it easy to get everywhere else.” Eastmark is located in ZIP code 85212, where new home sales shot up 71 percent last year. Prices in the area climbed almost 14 percent, one of the biggest increases in the southeast Valley. Bill Olmstead of Keller Williams Realty East Valley has been sending out letters to homeowners in Tempe, Mesa and Gilbert asking them if they want to sell. He’s trying to find houses for buyers he is working with who want to live in the areas but can’t find what they want in the houses that are for sale. “There’s a lot of pent-up demand now from buyers who want to be in the southeast Valley,” he said. “But buyers are pickier now and want big yards and houses that have been updated.” See SALES, Page 28

4 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

PHOENIX

BILTMORE 85016

AVERAGE COMMUTE TIME: 19 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICE The median-priced home is relatively affordable because the Biltmore area includes smaller properties. 85016

Metro Phoenix

$300,000

2014: $239,000

2004: $202,000

250 200 150 100

2014: $207,000

2004: $174,500 2004

2005

2006

2007

2008

2009

2010

2011

2012

ABOUT THE AREA The Biltmore area is one of metro Phoenix’s most popular neighborhoods for shopping, working and living. It stretches from the Phoenix Mountains Preserve to the Arizona Biltmore resort and across the hopping intersection of 24th Street and Camelback Road. Neighborhoods are varied, with home prices ranging from $4 million-plus to less than $100,000. Biltmore Fashion Park and Camelback Colonnade are located in 85016. Some of the region’s most expensive office space can be found in the Camelback Corridor, where high-profile tenants, including Major League Baseball’s western office, lease space.

2014

HOME OWNERSHIP

HOME SALES BY TYPE

85016 New builds Traditional purchases Short sales/foreclosures

2014

Khalsa Montessori Elementary School (K-6)

Metropolitan Arts Institute (7-12)

Madison Traditional Academy (K-8)

Phoenix Union Bioscience High School (9-12)

Villa Montessori – Phoenix (K-8)

Veritas Prep (Great Hearts) (6-12)

Own

15 10

85016

Arizona

U.S.

10 0

Rent

Source: U.S. Census Bureau

$53,046

Middle/high Arizona School for the Arts (5-12)

64.9% 35.1%

$49,774

Elementary Archway Veritas (Great Hearts Academies) (K-12)

U.S.

$46,233

School district and charter schools rated 9 or 10 by GreatSchools.org:

64.5% 35.5%

EDUCATIONAL ATTAINMENT

$60,000

PUBLIC SCHOOLS

45.9% 54.1%

Arizona

Source: The Information Market

MEDIAN HOUSEHOLD INCOME

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Phoenix

69%

85016

30+ Years of Service to You

Arizona

U.S.

The median home price in the Biltmore area climbed more than 7 percent to $239,000 in 2014. The area has a broad range of housing: milliondollar mansions with golf-course views and highend condominium towers; older, ranch-style houses with sprawling yards; and smaller brick and block houses in historic neighborhoods. Several new upscale apartment complexes have recently gone up in the area, and more are under construction. The 85016 ZIP code attracts investors. Last year, nearly one-fourth of home sales in the area came from buyers with plans to rent the houses out.

Percent with less than high school diploma Percent with high school diploma only Percent with some college, associate degree Percent with bachelor’s degree Percent with graduate or professional degree

Source: FBI

2013

Source: The Information Market

REAGOR ON REAL ESTATE

Source: U.S. Census Bureau

How Much Will My Home Sell For Today?

AR-0008384122-01

Just Ask Russ Lyon Sotheby’s International Realty

480.287.5300

BaldwinTeam.com

Valley Home Values | The Arizona Republic

PHOENIX

ARCADIA 85018

AVERAGE COMMUTE TIME: 19 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES

REAGOR ON REAL ESTATE

Home prices are up almost 44 percent since 2004 in this upscale east Phoenix neighborhood. Metro Phoenix

$500,000

85018

2014: $435,000

2004: $302,750

400 300

100

ABOUT THE AREA

2014: $207,000

2004: $174,500

200

2004

2005

2006

2007

2008

The affluent Arcadia neighborhood, in the shadow of Camelback Mountain, straddles the Phoenix-Scottsdale border. It features sprawling ranch-style homes on big lots where orange orchards once stood. Many of the houses have been renovated; some are on the market for more than $6 million. Several popular neighborhood restaurants, including The Henry, La Grande Orange and Ingoâ€™s Tasty Food (pictured), draw crowds. The quiet streets, schools and location near downtown Scottsdale and the Camelback Corridor appeal to families and business executives.

85018 New builds Traditional purchases Short sales/foreclosures

2014

Madison Traditional Academy (K-8) Villa Montessori â€“ Phoenix (K-8)

Own

20 10

85018

Arizona

U.S.

10 0

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Phoenix

Source: U.S. Census Bureau

$53,046

Rent

35 30

$49,774

Trivium Prep (Great Hearts) (6-12)

64.9% 35.1%

$52,389

Middle/high Saguaro High School (9-12)

U.S.

EDUCATIONAL ATTAINMENT

69% Source: FBI

Premier Luxury Real Estate Experts for over 16 years. $5

2014

56.2% 43.8% 64.5% 35.5%

Hopi Elementary School (K-5) Kiva Elementary School (K-6)

2013

2012

Arizona

Source: The Information Market

$60,000

School district and charter schools rated 9 or 10 by GreatSchools.org:

Cherokee Elementary School (PK-5)

2011

HOME OWNERSHIP

HOME SALES BY TYPE

MEDIAN HOUSEHOLD INCOME

Elementary Archway Veritas (Great Hearts Academies) (K-12)

2010

2009

Source: The Information Market

PUBLIC SCHOOLS

Sunday, April 26, 2015 5

Serving Buyers and Sellers Valleywide

5 85018

Arizona

U.S.

Percent with less than high school diploma Percent with high school diploma only Percent with some college, associate degree Percent with bachelorâ€™s degree Percent with graduate or professional degree

Arcadia is one of the most expensive neighborhoods in Phoenix, with a median home price of $435,000. Many of the neighborhoodâ€™s original owners, who bought in the 1960s, have sold, and those houses have been renovated into more expensive homes. Itâ€™s difficult to find a bargain in this area. Home sales were down in ZIP code 85018 by 15 percent during 2014, but the areaâ€™s median home price climbed more than 9 percent. Because Arcadia is a coveted address, investors are purchasing houses and turning them into rentals. Nearly 14 percent of the homes sold in this neighborhood last year were purchased by second-home buyers.

Source: U.S. Census Bureau

Stephanie Natichioni (602)791-6281 stephnat@cox.net Lee Courtney (480)296-5922 leec40@aol.com

6 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

PHOENIX

NORTH CENTRAL 85020

AVERAGE COMMUTE TIME: 23 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Prices in this north-central Phoenix neighborhood have soared more than 70 percent since 2012.

250

2014: $259,135

2004: $174,500

200 150 100

85020

Metro Phoenix

$300,000

2014: $207,000

2004: $162,398 2004

2005

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

HOME OWNERSHIP

HOME SALES BY TYPE

This north-central Phoenix area borders the western side of the Phoenix Mountains Preserve, giving many neighborhoods desert views. State Route 51 runs through the southeastern corner of the ZIP code. Much of 85020 is located in the Madison Elementary School District, one of the top-rated in Phoenix. The area has attracted new restaurants, infill housing and apartment developments over the past decade. It has both high-end and more-affordable neighborhoods, some built before 1950 and others developed in the 1970s and 1980s.

85020 New builds Traditional purchases Short sales/foreclosures

2014

North Phoenix Prep (Great Hearts Academies) (PK-12) Villa Montessori – Phoenix (K-8)

Veritas Prep (Great Hearts) (6-12)

Source: U.S. Census Bureau

15 10

85020

Arizona

U.S.

10 0

Rent

$53,046

Madison Meadows School (5-8)

Own

$49,774

Madison Traditional Academy (K-8)

Middle/high BASIS Phoenix (5-12)

64.9% 35.1%

$46,037

Elementary Madison Richard Simis School (PK-4)

U.S.

School district and charter schools rated 9 or 10 by GreatSchools.org:

64.5% 35.5%

EDUCATIONAL ATTAINMENT

$60,000

PUBLIC SCHOOLS

Arizona

Source: The Information Market

MEDIAN HOUSEHOLD INCOME

54.8% 45.2%

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Phoenix

69% Source: FBI

5 85020

Arizona

U.S.

REAGOR ON REAL ESTATE The median price of a house in 85020 shot up 36 percent in both 2013 and 2014, making it one of the top neighborhoods for home-value increases in metro Phoenix. The area draws families who want to be in the Madison Elementary School District and are willing to pay more to accomplish that. The area still has houses that are relatively affordable for Phoenix. The ZIP code’s median home price was $259,135 in 2014. Last year, about 72 percent of the buyers in 85020 bought houses as their primary residence. Infill housing developments have become very popular in this area, but few vacant residential lots are left.

Source: U.S. Census Bureau

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Valley Home Values | The Arizona Republic

PHOENIX

NORTHEAST 85032

Sunday, April 26, 2015 7

AVERAGE COMMUTE TIME: 23 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES

REAGOR ON REAL ESTATE

Home values in this large north Phoenix area have rebounded about 67 percent since 2011.

250

100

2014: $207,000

2004: $174,500

200 150

85032

Metro Phoenix

$300,000

2014: $200,000

2004: $168,850 2004

2005

2006

2007

2008

2010

2009

2013

2012

2011

2014

Source: The Information Market

ABOUT THE AREA

HOME OWNERSHIP

HOME SALES BY TYPE

This area is often referred to as part of Paradise Valley because it’s just north of the expensive housing enclave, but the 85032 ZIP code is part of the city of Phoenix. It is home to Paradise Valley Mall and Paradise Valley Community College, and the Mesquite Branch library, one of the Phoenix library system’s busiest. Shopping is abundant. Three major freeways connect just north of the 85032, making it easy to reach from most parts of the Valley. Golf courses and parks, including the desert preserve North Mountain Park, are close by.

85032 New builds Traditional purchases Short sales/foreclosures

2014

Cherokee Elementary School (PK-5)

Explorer Middle School (6-8)

Fireside Elementary School (PK-6)

30 20

85032

Arizona

U.S.

Source: U.S. Census Bureau

Scottsdale Prep (Great Hearts) (5-12) Pinnacle High School (9-12)

25 20 $53,046

Benchmark School (PK-6)

Copper Canyon Elementary School (PK-6)

Rent

Source: U.S. Census Bureau

Middle/high BASIS Phoenix (5-12)

Own

$49,774

North Phoenix Prep (Great Hearts) (PK-12)

64.9% 35.1%

$48,461

Elementary Archway Scottsdale (Great Hearts Academies) (K-4)

U.S.

School district and charter schools rated 9 or 10 by GreatSchools.org:

64.5% 35.5%

EDUCATIONAL ATTAINMENT

$60,000

PUBLIC SCHOOLS

Arizona

Source: The Information Market

MEDIAN HOUSEHOLD INCOME

57.2% 42.8%

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Phoenix

69%

10 5 85032

Arizona

U.S.

Source: FBI

Source: U.S. Census Bureau

IT’S ALL ABOUT THE LOCATION 101

| 480.800.7885

GROVERS AVE BELL RD

TATUM BLVD

44th Street and Grovers | CachetHomes.net

44TH ST

SINGLE FAMILY GATED COMMUNITY

UNION HILLS RD

The northeast Phoenix ZIP code 85032 draws the most buyers in the city. Last year, 1,151 homes sold across the area’s neighborhoods. Even as Phoenix area sales slowed by 15 percent in 2014, sales in 85032 climbed almost 16 percent. Its central location, freeways, shopping and parks are popular with buyers and renters. The median home price climbed more than 10 percent in 2014, double the overall rate for the Valley. Foreclosures had been high in this area, but now buyers looking for a deal have fewer short sales from which to choose. About 12 percent of all homes sold in 2014 were bought from banks or buyers who needed to sell for a loss.

8 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

PHOENIX

DESERT RIDGE 85050

AVERAGE COMMUTE TIME: 24 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES House prices still are climbing back in this north Phoenix area, where new-home prices are soaring. 85050

Metro Phoenix

$500,000 400

2014: $284,500

2004: $240,000

300

2014: $207,000

200 100

ABOUT THE AREA

2004: $174,500 2004

2005

200 2006

2007

2008

2010

2009

85050 New builds Traditional purchases Short sales/foreclosures

2014

MEDIAN HOUSEHOLD INCOME

North Phoenix Prep (Great Hearts Academies) (PK-12) Quail Run Elementary School (PK-6)

64.5% 35.5%

U.S.

64.9% 35.1%

Own

Wildfire Elementary School (PK-6) Middle/high Arizona Agribusiness and Equine Center – Paradise Valley (9-12) BASIS Phoenix (5-12) Explorer Middle School (6-8) Pinnacle High School (9-12)

35 25 20 15 10

Arizona

U.S.

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

69%

5 85050

Arizona

U.S.

Source: FBI

! Gated community of townhome-style condominiums in the heart of Desert Ridge. ! Award-winning amenities include 2 pools, a clubhouse with fitness center, outdoor living areas, tennis courts, walking trails and a 7-acre park. ! Homes include direct access to a 2-car garage, open floorplans, and up to 2,158 sq. ft. of luxury living space.

Priced from the mid-$200,000s | For more information and directions, call 480-419-9300 or visit TheVillagesAtAviano.com Brokers welcome. Homes available nationwide. Prices subject to change without notice. This is not an offering where prohibited by law. Listing Broker Toll Brothers Real Estate, Inc. AR-0008384128-01

Source: U.S. Census Bureau

Phoenix

Rent

EDUCATIONAL ATTAINMENT

$53,046

Valley Academy – Reid Traditional Schools (PK-8)

72.2% 27.8%

Arizona

$49,774

School district and charter schools rated 9 or 10 by GreatSchools.org:

$80,000 70 60 50 40 30 20 10 0 85050

$78,087

PUBLIC SCHOOLS

Fireside Elementary School (PK-6)

2014

HOME OWNERSHIP

HOME SALES BY TYPE

Source: The Information Market

Desert Trails Elementary School (PK-6)

2013

2012

Source: The Information Market

Much of the 5,700-acre Desert Ridge development is located in northeast Phoenix’s 85050 ZIP code. The area is home to several major employers and plenty of restaurants and shopping. Desert Ridge is one of Phoenix’s biggest master-planned areas for future growth. Residents have easy access to freeways, with Loop 101 running east/west through 85050 and State Route 51’s northern edge connecting to the Loop 101 in the area. Several large employers, including American Express, are also in the area.

Elementary Copper Canyon Elementary School (PK-6)

2011

Source: U.S. Census Bureau

REAGOR ON REAL ESTATE Desert Ridge is one of the last areas of Phoenix where new subdivisions are rising. Although the pace of new residential construction is down in ZIP code 85050, the median price for new houses jumped 27 percent to almost $613,212 in 2014. Resale prices didn’t fare as well; the overall median price in this part of Desert Ridge fell almost 7 percent last year. The area’s location next to freeways, shopping and jobs helps it draw all types of buyers. The area’s overall median home price is almost 19 percent higher than it was in 2004, but values haven’t recovered to the peak of 2006.

Valley Home Values | The Arizona Republic

PHOENIX

DESERT RIDGE 85054

AVERAGE COMMUTE TIME: 19 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES

REAGOR ON REAL ESTATE

Prices in this high-end north Phoenix area are off about 17 percent from their peak in 2007.

500

2014: $435,000

2004: $377,250

400 300

2014: $207,000

2004: $174,500

200 100

85054

Metro Phoenix

$600,000

2004

2005

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

HOME OWNERSHIP

HOME SALES BY TYPE

The 85054 ZIP code is home to part of the 5,700-acre Desert Ridge, including the J.W. Marriott Desert Ridge Resort and its golf courses. The area, one of Phoenix’s biggest masterplanned areas for future growth, includes major employers and plenty of restaurants and shopping. It is just west of the Scottsdale border and north of the popular Kierland area. The area features the High Street shopping center, and Loop 101 runs east/west nearby, with easy access to State Route 51.

85054 New builds Traditional purchases Short sales/foreclosures

2014

Fireside Elementary School (PK-6) Freedom Academy North (K-8) Grayhawk Elementary School

Horseshoe Trails Elementary School (PK-6) Pinnacle Peak Elementary School (PK-6)

Pinnacle High School (9-12) Scottsdale Prep (Great Hearts) (5-12)

Rent

Source: U.S. Census Bureau

35 30 25 20 15 10

85054

Arizona

U.S.

Source: U.S. Census Bureau

Middle/high Explorer Middle School (6-8)

Own

$53,046

Copper Canyon Elementary School (PK-6)

(PK-6)

64.9% 35.1%

$49,774

Elementary Archway Scottsdale (Great Hearts Academies) (K-4)

U.S.

$67,488

School district and charter schools rated 10 by GreatSchools.org:

64.5% 35.5%

EDUCATIONAL ATTAINMENT

$80,000 70 60 50 40 30 20 10 0

40.5% 59.5%

Arizona

Source: The Information Market

MEDIAN HOUSEHOLD INCOME

PUBLIC SCHOOLS

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Phoenix

69%

5 85054

Arizona

U.S.

Source: FBI

Source: U.S. Census Bureau

LIFESTYLE, LOCATION, LUXURY 101

MAYO BLVD

PRINCESS DR

SCOTTSDALE RD

17850 N. 68th Street | CachetHomes.net | 480.356.0179

68TH ST

SINGLE LEVEL CONDOS AR-0008384146-01

Sunday, April 26, 2015 9

This popular Desert Ridge area, next to Scottsdale and north of Kierland, is one of metro Phoenix’s priciest housing spots. The median price in the neighborhood is $435,000, about 7.4 percent higher than in 2013. There were few new-home sales in the area last year, and resales fell 23 percent. Part of the sales drop is the result of current homeowners wanting to hold onto their houses; listings in the ZIP code also dropped in 2014. Almost 77 percent of all homes sold in the neighborhood were to people who planned to live there full time.

10 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

SOUTHEAST VALLEY

QUEEN CREEK 85142

AVERAGE COMMUTE TIME: 35 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Prices are up almost 42 percent from 2004 in the southeast Valley’s growing San Tan Valley area.

350 300

85142

Metro Phoenix

$400,000

2014: $297,868

2004: $210,081

250 200 2004: $174,500

150 100

2004

2005

2014: $207,000 2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

HOME OWNERSHIP

HOME SALES BY TYPE

This San Tan Valley area straddles Queen Creek and Pinal County. ZIP code 85142, south of Phoenix-Mesa Gateway Airport, is home to several newer developments and robust newhome construction. The expanding Hunt Highway begins in the area, and nearby shopping in San Tan Village and the huge San Tan Mountain Regional Park are drawing many new residents.

85142 New builds Traditional purchases Short sales/foreclosures

2014

Desert Mountain Elementary School (PK-5) Frances Brandon-Pickett Elementary School (PK-5)

Riggs Elementary School (PK-6) Middle/high Willie & Coy Payne Junior High School (7-8)

Own

70 60 50 40 30 20 10 0

Rent

Source: U.S. Census Bureau

40 35 30 25 20 $53,046

Benjamin Franklin Charter School - Power (K-8)

Jack Barnes Elementary School (PK-5)

64.9% 35.1%

$49,774

Elementary Benjamin Franklin Charter School - Crismon (K-6)

U.S.

$73,367

School district and charter schools rated 9 or 10 by GreatSchools.org:

64.5% 35.5%

EDUCATIONAL ATTAINMENT

$80,000

PUBLIC SCHOOLS

Arizona

Source: The Information Market

MEDIAN HOUSEHOLD INCOME

80.3% 19.7%

85142

Arizona

U.S.

Home prices have been steadily climbing in this Queen Creek area since 2011, when its median price fell below $178,000. ZIP code 85142, which is the gateway to the San Tan Valley area, had a median sales price of almost $298,000 in 2014, 11 percent higher than in 2013. Home values have climbed above 2004’s level but aren’t back to the peak of 2006-07. New-home sales accounted for more than 43 percent of all purchases in this ZIP code last year. The median new-home price in 85142 is almost $335,000.

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Queen Creek

REAGOR ON REAL ESTATE

not available

5 85142

Arizona

U.S.

Source: FBI

Source: U.S. Census Bureau

MODEL HOMES NOW OPEN! ! New luxury single-family homes located in the Greater Gilbert area within the Chandler Unified School District featuring single-level and two-story floor plans. ! Estate-sized half-acre home sites with front yard landscaping included ! 12’ ceilings available on select models

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AR-0008384108-01

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Valley Home Values | The Arizona Republic

SOUTHEAST VALLEY

MESA 85207

Sunday, April 26, 2015 11

AVERAGE COMMUTE TIME: 27 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Prices in this Mesa area have climbed more than 45 percent since the market hit bottom in 2011.

350 300

85207

Metro Phoenix

$400,000

2014: $267,500

2004: $199,917

250 200 2004: $174,500

150 100

2004

2005

2014: $207,000 2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

HOME OWNERSHIP

HOME SALES BY TYPE

Many homes in this Mesa area have clear views of Red Mountain, which is near the regional park that borders ZIP code 85207 to the north and east. This area grew popular with homebuyers and builders when construction of the Loop 202 freeway was completed almost a decade ago. The high-end Las Sendas community and golf course is located here, but 85207 also includes more affordable neighborhoods. Red Mountain Park, in the southeastern reaches of 85207, draws many families and retirees.

85207 New builds Traditional purchases Short sales/foreclosures

2014

Mesa Academy for Advanced Studies (4-8) Pathfinder Academy (K-8)

70 60 50 40 30 20 10 0

Source: U.S. Census Bureau

35 30 25 20 15

85207

Arizona

U.S.

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Mesa

Rent

Franklin Junior High School (7-9) Red Mountain High School (9-12)

Own

$53,046

Las Sendas Elementary School (K-6)

Middle/high Arizona Agribusiness and Equine Center - Red Mountain (9-12)

64.9% 35.1%

$49,774

Elementary Cambridge Academy East (K-6)

U.S.

$62,059

School district and charter schools rated 9 or 10 by GreatSchools.org:

64.5% 35.5%

EDUCATIONAL ATTAINMENT

$80,000

PUBLIC SCHOOLS

Arizona

Source: The Information Market

MEDIAN HOUSEHOLD INCOME

79% 21%

81% Source: FBI

REAGOR ON REAL ESTATE ZIP code 85207 is one of Mesa’s more expensive areas, with a median home price of $267,500. The neighborhood’s new-home sales are much pricier, with a median of $434,000 in 2014. Buyers are heading to an area that backs up to the mountains. Home sales were up almost 10 percent across 85207 last year, while overall Valley home sales fell 15 percent. The mix of new homes and retirement communities attracts a wide range of buyers who like the views and easy freeway access.

10 5 85207

Arizona

U.S.

.490 48 - 706372# ) 8"% 5*((!+&;&"/ : , 8"% '1&<$" )'"+ $*/ +%& #.--(! $" $*/ #,--(!

.')"#.&"&'))

+1%!325!,/54*0-(1$

#:8$!16/" +)*, -307&4:!& .:529' %%#(

12 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

SOUTHEAST

SOUTHEAST MESA 85209

AVERAGE COMMUTE TIME: 25 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Home prices in this central Mesa neighborhood have closely mirrored the Valley’s ups and downs. 85209

Metro Phoenix

$300,000 250

2014: $207,000

2004: 188,464

200 2004: $174,500

150 100

2004

2005

2014: $205,000 2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

HOME OWNERSHIP

HOME SALES BY TYPE

This southeast Mesa ZIP code 85209 is bisected by the Loop 202 and U.S. 60 freeways, making it easily accessible. The area, centrally located in the southeast Valley, has several affordable retirement communities that have enticed many buyers over the past 20 years. Recently, new houses started going up in the area that are drawing in more families and first-time buyers. The northwestern corner of 85209 is home to most of the Superstitions Springs neighborhood, which has a popular golf course. Other courses also can be found nearby.

85209 New builds Traditional purchases Short sales/foreclosures

2014

Highland Park Elementary School (PK-6) Mesa Academy for Advanced Studies (4-8)

Red Mountain High School (9-12)

$53,046

85209

Arizona

U.S.

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Mesa

81%

85209

Arizona

U.S.

Source: FBI

",%) 4,2214'+,.( ,/ -,01( /),0 '-1 !,$ 3&##*(

Source: U.S. Census Bureau

30 20

Rent

Sales inched up about 1 percent in Mesa’s 85209 ZIP code last year, and the area’s overall median home price ticked up about 3 percent. The area’s overall median price of $205,000 is affordable, considering the Valley’s median is $207,000. Foreclosures and short sales are very low in this neighborhood, and few homes are purchased by investors who plan to turn the houses into rentals, making this a stable, relatively affordable housing area.

Highland High School (9-12) Highland Junior High School (7-8)

Own

$49,774

Cambridge Academy East (K-6)

Middle/high Franklin Junior High School (7-9)

64.9% 35.1%

$55,136

Elementary ASU Preparatory AcademyPolytechnic Elementary (K-8)

U.S.

School district and charter schools rated 9 or 10 by GreatSchools.org:

64.5% 35.5%

EDUCATIONAL ATTAINMENT

$60,000

PUBLIC SCHOOLS

Arizona

Source: The Information Market

MEDIAN HOUSEHOLD INCOME

73.9% 26.1%

REAGOR ON REAL ESTATE

Source: U.S. Census Bureau

1/6&5/#,! 316,2,5

10+ &!+# 2*-."'(+ !+,)0/'$0''-%

*%+!)'$") &$#(,

(* 43.6- -30! 2, '( !#+-)

,+"(%--*)%$#!(/-!//&.'/0

'*"&*%(&$*""

#:8$!16/" +)*, -307&4:!& .:529' %%#(

Valley Home Values | The Arizona Republic

BY THE NUMBERS VALLEY HOME VALUES VALLEY HOME VALUES

SPECIAL REPORT

Sunday, April 26, 2015 13

BY THE NUMBERS

Analysis by Ronald J. Hansen/The Republic using data from Information Market. Graphics by Courtney Kan/Gannett

2014 PRICE CHANGE

MEDIAN-PRICE CHANGE FOR SINGLE-FAMILY HOME SALES, DEC. 31, 2013 TO DEC. 31, 2014

This map illustrates the change in the median sales price in ZIP codes in Maricopa County in 2014. The list includes single-family detached houses that sold for at least $30,000. The median is the middle price in the list of sales. ZIP codes with fewer than 50 home sales are excluded, because small samples could skew a median price.

-0.1% OR LESS

0 TO 3.9%

85087

+4 TO +7.9%

+8 TO 11.9%

+12% OR MORE

85086

85087

85373 74

85085

85266

85331

85262

85263

85383 85083

85387 85310

303

85302

85020

85035

85253

85043 85353

85018

85251

85034

85207

85257 85203 85213 85281

85210

85283 85339 85048 85045

85204

85282 85042

85323

85205

85201

85040

85338

85215

202 85008

85041

85326

85250

85006 85009

85258

85028

85013 85012 85014

85031

85268 85259

85016 85015

85033

85017

85301

85392

85021

85305 85303

85037

85029 85051

85260

85007 85003

85378

85340

85022 85254

85304 85345

85307

85032 85053 85023

85381

85363 85335

85395

85306

85351

101

85308

101

85255

85054

85382

85019

85379

85355

85388

85050

85027

85375 85374

85024

85284 85044

85206

60 85202 85233

101

85234

85209

85296

85224 85225

85295

202 85226 10

85208

87 85248

85286 85249

85297 85298

85212

Valley Home Values | The Arizona Republic

14 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

BY THE NUMBERS VALLEY HOME VALUES VALLEY HOME VALUES

SPECIAL REPORT

BY ZIP CODE ZIP CODE

OVERALL MEDIAN PRICE

5-YR

10-YR

RESALE MEDIAN PRICE

NEW 1-YR MEDIAN CHNG. PRICE

1-YR CHNG.

MARICOPA COUNTY ANTHEM AREA 85086 AVONDALE 85323 85392 BUCKEYE 85326 85396 CAREFREE 85377 CAVE CREEK AREA 85331 CHANDLER 85224 85225 85226 85248 85249 85286 EL MIRAGE 85335 FOUNTAIN HILLS 85268 GILBERT 85233 85234 85295 85296 85297 85298 GLENDALE 85301 85302 85303 85304 85305 85306 85307 85308 85310 GOODYEAR 85338 85395 LAVEEN 85339 LITCHFIELD PARK 85340 MESA 85201 85202 85203 85204 85205 85206 85207 85208

SPECIAL REPORT

$279,000

7.3%

29.8%

4.4%

$275,000

5.8%

$468,000

17.4%

149,900 169,999

10.2% 6.2%

49.9% 43.5%

-7.0% -1.9%

147,500 169,999

9.3% 6.2%

224,990 NA

20.6% NA

149,000 250,692

10.4% 6.7%

65.7% 39.7%

9.6% -5.4%

135,900 215,000

7.6% 2.4%

182,106 287,649

14.6% 10.6%

722,500

14.7%

12.9%

31.4%

722,500

14.7%

435,914

9.0%

34.1%

32.9%

389,950

7.3%

525,590

5.1%

202,725 195,000 235,850 276,250 340,352 300,000

9.6% 6.6% 7.9% -3.6% 4.8% 3.3%

29.3% 32.2% 16.5% 8.9% 19.4% 20.0%

22.2% 16.8% 25.5% 6.4% 30.5% 33.3%

202,725 194,900 232,400 270,000 302,000 295,000

9.6% 6.5% 6.6% 1.9% 0.7% 1.5%

NA 332,833 350,041 460,436 405,821 470,122

NA NA 35.3% -0.3% 0.5% 61.8%

130,000

9.2%

79.3%

-4.4%

126,700

8.3%

181,995

9.6%

385,000

-0.7%

2.7%

20.3%

385,000

-0.6%

551,500

0.5%

232,000 242,500 245,450 248,000 270,000 332,194

3.1% 3.1% -2.2% 7.8% -3.2% 9.4%

24.1% 28.9% 34.5% 30.5% 25.9% 32.9%

20.8% 19.3% 11.0% 31.2% 34.0% 49.2%

232,000 242,750 230,500 228,500 248,500 297,250

3.1% 3.3% -1.4% 2.9% 2.5% 4.3%

NA NA 191,040 -43.7% 316,488 -5.7% 303,716 18.2% 373,300 3.5% 352,190 11.1%

101,100 147,000 136,825 160,000 215,000 152,000 141,500 215,000 235,000

10.9% 5.0% 2.9% 7.1% 2.0% 2.5% 4.8% 3.4% 1.2%

85.5% -17.8% 47.0% 1.0% 62.9% -6.9% 45.5% 5.3% 30.3% -2.3% 33.0% 3.4% 44.8% -5.0% 26.7% 9.2% 27.1% -0.4%

100,000 147,000 136,000 160,000 215,000 150,000 141,500 215,000 233,000

9.9% 5.1% 6.3% 7.1% 13.5% 1.2% 4.8% 4.9% 0.4%

136,600 5.9% 182,735 -2.6% 303,302 29.0% NA NA NA NA 221,518 NA NA NA 509,535 3.4% 306,223 -34.1%

200,499 299,922

8.8% 7.5%

49.6% 36.3%

18.8% 19.0%

181,200 270,000

8.5% 5.9%

250,026 346,425

17.2% 8.9%

175,000

8.7%

33.2%

-2.4%

168,900

6.2%

220,235

21.2%

258,649

4.3%

36.1%

32.7%

228,500

1.6%

361,454

22.2%

150,000 190,000 185,000 153,000 169,000 175,000 267,500 154,000

11.1% 5.7% 2.8% 9.3% -0.6% 2.9% 0.4% 5.5%

76.5% 37.7% 42.9% 75.9% 25.4% 12.9% 23.4% 30.5%

11.1% 16.7% 14.3% 12.5% 15.0% 11.4% 33.8% 3.0%

150,000 190,000 185,000 153,000 165,000 174,000 228,650 153,500

11.1% 5.7% 2.8% 9.3% 3.1% 3.0% -1.9% 5.1%

175,000 9.7% NA NA 285,600 NA 165,944 10.3% 517,288 16.1% 242,791 3.3% 434,000 -10.8% 167,500 34.9%

ZIP CODE 85209 85210 85212 85213 85215 NEW RIVER AREA 85087 PARADISE VALLEY 85253 PEORIA 85345 85381 85382 85383 PHOENIX 85003 85006 85007 85008 85009 85012 85013 85014 85015 85016 85017 85018 85019 85020 85021 85022 85023 85024 85027 85028 85029 85031 85032 85033 85035 85037 85040 85041 85042 85043 85044 85045 85048 85050 85051 85053 85054 85083 85085 85254 QUEEN CREEK 85142

PERCENT CHANGE

RESALE MEDIAN PRICE

BY THE NUMBERS

5-YEAR PRICE CHANGE, 2009-2014

Includes single-family detached houses that sold for at least $30,000. ZIP codes with fewer than 50 home sales are excluded, because small samples could skew a median price.

PERCENT CHANGE 1-YR

BY THE NUMBERS VALLEY HOME VALUES VALLEY HOME VALUES

BY THE NUMBERS

NEW 1-YR MEDIAN CHNG. PRICE

OVERALL MEDIAN PRICE

1-YR

5-YR

10-YR

$205,000 158,000 270,000 266,671 233,500

2.5% 5.3% 13.6% -2.7% -1.1%

24.2% 79.5% 45.6% 35.0% 14.2%

8.8% 9.7% 42.1% 20.9% 17.0%

$205,500 158,000 234,000 235,000 230,000

2.8% 5.3% 6.5% -6.0% -2.5%

288,500

2.4%

28.2%

15.4%

265,000

0.5%

349,900

7.9%

1,271,982

-3.3%

-3.8%

32.5%

1,250,000

-3.8%

2,625,000

18.1%

141,900 210,750 223,648 324,869

9.2% 7.0% 6.2% 3.5%

49.4% 30.1% 28.5% 37.5%

-0.1% 8.4% 14.7% 3.5%

140,000 205,000 221,000 300,000

7.7% 5.1% 7.3% 1.4%

347,000 130,000 186,900 125,000 65,062 459,000 225,450 230,000 147,900 239,000 84,500 435,000 100,000 259,135 210,500 225,000 190,000 235,000 155,000 295,000 139,000 89,000 200,000 98,000 103,000 125,000 95,000 145,000 151,500 133,500 237,500 327,750 300,000 284,500 124,000 150,000 435,000 299,950 345,500 390,000

9.8% 6.6% 37.6% 5.9% 8.6% 16.6% 12.2% 20.9% 17.4% 7.2% 12.7% 9.3% 20.0% 36.4% 9.1% 5.6% 13.1% 9.3% 6.0% 5.2% 6.9% 12.7% 10.2% 19.1% 26.7% 10.1% 6.7% 16.0% 5.4% 11.3% 4.6% -1.1% 3.4% -6.7% 5.1% 8.7% 7.4% 0.0% 10.9% 6.8%

43.4% 131.6% 149.2% 90.8% 62.7% 49.3% 65.2% 66.7% 87.2% 57.8% 101.2% 40.3% 96.1% 92.0% 53.6% 30.8% 48.4% 23.7% 44.8% 35.9% 76.5% 122.5% 46.3% 125.8% 151.2% 78.6% 52.0% 46.5% 59.5% 61.8% 14.2% 22.8% 20.0% 3.1% 96.0% 56.0% 19.2% 19.0% 32.9% 25.8%

36.1% 8.3% 43.8% -3.8% -32.7% 38.0% 34.2% 39.4% 13.8% 18.3% -24.6% 43.7% -16.7% 59.6% 21.9% 15.4% 16.2% 16.2% 6.9% 21.4% 3.7% -19.1% 18.4% -14.0% -6.4% -7.4% -20.4% -1.4% -12.6% -10.8% 19.3% 13.8% 25.9% 18.5% -3.1% 4.7% 15.3% 10.2% 47.3% 22.6%

347,000 130,000 186,900 125,000 65,000 444,000 218,218 230,000 147,900 236,000 84,500 425,000 100,000 239,000 210,000 220,000 190,000 235,000 155,000 295,000 139,000 89,000 190,000 98,000 91,000 125,000 95,000 136,000 149,900 130,000 237,500 328,000 298,480 280,000 123,800 150,000 435,000 293,000 303,818 390,000

9.8% 6.8% 37.6% 5.9% 8.5% 16.8% 8.9% 21.0% 17.4% 9.8% 12.7% 9.5% 20.0% 25.8% 9.4% 3.4% 13.1% 9.3% 6.0% 5.2% 6.9% 12.7% 5.1% 19.1% 21.3% 10.1% 15.9% 8.8% 19.6% 10.4% 4.6% -1.1% 2.9% 3.3% 4.9% 8.7% 7.4% 1.1% 10.0% 6.8%

NA 283,000 NA NA 159,900 727,500 640,000 NA NA 345,000 NA 612,000 NA 363,306 420,000 240,772 200,237 373,100 145,000 350,000 NA NA 365,169 NA 144,240 NA 162,900 226,602 433,700 197,326 224,258 295,200 336,857 613,212 215,000 NA NA 346,908 432,660 NA

NA 24.7% NA NA NA -33.2% 23.3% NA NA -43.1% NA -6.0% NA -16.8% -17.1% 12.4% -5.5% -3.1% NA NA NA NA 12.4% NA 0.1% NA -18.5% -0.6% -0.1% 0.5% NA NA 1.7% 27.1% NA NA NA -0.9% 23.1% NA

173,286

11.3%

64.3%

13.6%

155,000

4.0%

230,092

5.6%

10-YEAR PRICE CHANGE, 2004-2014

1-YR CHNG.

$180,600 -46.8% 205,000 NA 308,679 13.1% 318,331 -2.6% 270,000 5.7%

283,094 111.3% 240,123 -3.0% 227,828 -5.0% 342,650 2.2%

ZIP CODE RIO VERDE AREA 85263 SCOTTSDALE 85250 85251 85254 85255 85257 85258 85259 85260 85262 85266 SUN CITY 85351 85373 SUN CITY WEST 85375 SURPRISE 85374 85378 85388 SURPRISE AREA 85379 85387 TEMPE 85281 85282 85283 85284 TOLLESON 85353 WADDELL 85355

RESALE MEDIAN PRICE

+14.9% OR LESS

-0.1% OR LESS

+15 TO +29.9%

0 TO +14.9%

+30 TO +59.9%

+15 TO +29.9%

+60 TO +89.9%

+30 TO +44.9%

MORE THAN +90%

MORE THAN +45%

NEW 1-YR MEDIAN CHNG. PRICE

1-YR CHNG.

$390,000

-1.2%

$870,000

65.7%

30.1% 36.2% 22.6% 31.8% 34.9% 16.4% 9.6% 17.0% 63.4% 25.2%

306,000 288,700 390,000 641,350 232,701 465,000 576,250 420,000 735,000 638,750

4.6% 3.1% 6.8% 4.5% 9.5% -2.1% 3.8% -0.8% 5.0% 11.1%

1,050,022 21.0% 652,748 -50.2% NA NA 864,599 -1.6% NA NA NA NA 1,353,750 55.2% 1,150,000 106.5% 829,650 12.2% 871,098 -1.9%

5.5% 12.4%

-0.4% 16.3%

124,500 173,250

13.2% 3.7%

NA 245,805

NA 3.7%

3.7%

0.7%

-2.4%

176,250

3.8%

179,000 153,000 195,000

7.2% 13.3% 6.3%

32.7% 19.8% 42.3%

6.5% 2.7% 15.0%

179,000 153,000 185,000

8.1% 12.1% 11.6%

NA NA 239,007

NA NA 10.8%

188,900 225,244

9.2% 2.9%

39.9% 9.5% 5.9% -10.5%

178,000 219,950

7.1% 0.4%

281,042 230,394

23.0% 4.4%

185,000 200,000 220,000 343,500

12.1% 0.3% 7.8% -0.1%

19.7% 14.3% 15.8% 7.3%

17.1% 15.2% 22.9% 16.4%

185,000 200,000 220,000 343,500

12.1% 0.3% 6.5% -0.1%

NA 365,000 NA NA

NA NA NA NA

154,900

6.8%

52.6%

-0.7%

149,000

10.4%

182,000

2.7%

244,486

17.6%

13.7%

-4.1%

228,375

9.3%

249,195

20.4%

OVERALL MEDIAN PRICE

1-YR

5-YR

10-YR

$395,000

0.0%

11.6%

37.6%

310,000 291,500 390,000 675,000 232,701 465,000 584,000 421,250 759,750 663,500

3.4% 4.1% 6.8% 6.1% 9.5% -2.1% 4.8% -0.9% 7.8% 15.4%

25.0% 23.0% 25.8% 22.8% 36.9% 10.5% 8.6% 17.0% 35.7% 17.7%

124,500 179,900

13.2% -0.1%

176,250

PERCENT CHANGE

Sunday, April 26, 2015 15

ZIP CODE WICKENBURG AREA 85390 WITTMANN 85361 YOUNGTOWN 85363

OVERALL MEDIAN PRICE

PERCENT CHANGE 1-YR

$185,000 -11.9%

RESALE MEDIAN PRICE

5-YR

10-YR

-1.1%

-1.0%

33.1%

9.1%

206,500

NEW 1-YR MEDIAN CHNG. PRICE

$182,500 -13.1%

1-YR CHNG.

$415,000

-0.2%

330,000

34.7%

213,000

1.9%

91,000

1.1%

7.1% -33.7%

91,000

1.1%

$80,500

6.1%

27.8% -12.5%

$80,000

6.0%

$115,900

17.7%

131,250 189,000

1.8% 1.0%

19.3% 4.8%

1.8% 14.8%

127,500 175,000

0.6% -2.8%

176,510 234,186

5.8% 13.1%

96,900

3.1%

38.4%

-4.1%

96,900

3.1%

80,000 -47.4%

278,951

6.1%

213,726

12.0%

PINAL COUNTY ARIZONA CITY 85123 CASA GRANDE 85122 85194 COOLIDGE 85128 ELOY 85131 FLORENCE 85132 GOLD CANYON 85118 MARICOPA 85138 85139 ORACLE 85623 QUEEN CREEK 85142 RED ROCK 85145 SAN TAN VALLEY 85140 85143

188,442 -10.3%

32.3% 141.9%

138,000

-4.8%

29.0%

17.6%

114,000

-1.2%

257,500

9.6%

19.8%

43.1%

255,000

8.5%

452,196 108.5%

156,000 137,500

6.1% 1.9%

37.4% 42.1%

-5.8% -7.5%

142,000 137,500

2.2% 1.9%

185,945 NA

10.0% NA

355,164

19.3%

61.8% 144.9%

171,950 -10.0%

380,237

-1.4%

297,868

15.0%

48.4%

41.8%

259,000

6.8%

334,882

17.3%

131,480

5.2%

-6.0%

20.8%

121,000

19.8%

157,302

2.4%

177,000 155,000

7.5% 6.9%

44.9% 47.6%

26.4% 7.0%

158,000 149,900

7.1% 5.9%

299,995 196,999

26.2% 5.1%

Valley Home Values | The Arizona Republic

14 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

BY THE NUMBERS VALLEY HOME VALUES VALLEY HOME VALUES

SPECIAL REPORT

BY ZIP CODE ZIP CODE

OVERALL MEDIAN PRICE

5-YR

10-YR

RESALE MEDIAN PRICE

NEW 1-YR MEDIAN CHNG. PRICE

1-YR CHNG.

SPECIAL REPORT

$279,000

7.3%

29.8%

4.4%

$275,000

5.8%

$468,000

17.4%

149,900 169,999

10.2% 6.2%

49.9% 43.5%

-7.0% -1.9%

147,500 169,999

9.3% 6.2%

224,990 NA

20.6% NA

149,000 250,692

10.4% 6.7%

65.7% 39.7%

9.6% -5.4%

135,900 215,000

7.6% 2.4%

182,106 287,649

14.6% 10.6%

722,500

14.7%

12.9%

31.4%

722,500

14.7%

435,914

9.0%

34.1%

32.9%

389,950

7.3%

525,590

5.1%

202,725 195,000 235,850 276,250 340,352 300,000

9.6% 6.6% 7.9% -3.6% 4.8% 3.3%

29.3% 32.2% 16.5% 8.9% 19.4% 20.0%

22.2% 16.8% 25.5% 6.4% 30.5% 33.3%

202,725 194,900 232,400 270,000 302,000 295,000

9.6% 6.5% 6.6% 1.9% 0.7% 1.5%

NA 332,833 350,041 460,436 405,821 470,122

NA NA 35.3% -0.3% 0.5% 61.8%

130,000

9.2%

79.3%

-4.4%

126,700

8.3%

181,995

9.6%

385,000

-0.7%

2.7%

20.3%

385,000

-0.6%

551,500

0.5%

232,000 242,500 245,450 248,000 270,000 332,194

3.1% 3.1% -2.2% 7.8% -3.2% 9.4%

24.1% 28.9% 34.5% 30.5% 25.9% 32.9%

20.8% 19.3% 11.0% 31.2% 34.0% 49.2%

232,000 242,750 230,500 228,500 248,500 297,250

3.1% 3.3% -1.4% 2.9% 2.5% 4.3%

NA NA 191,040 -43.7% 316,488 -5.7% 303,716 18.2% 373,300 3.5% 352,190 11.1%

101,100 147,000 136,825 160,000 215,000 152,000 141,500 215,000 235,000

10.9% 5.0% 2.9% 7.1% 2.0% 2.5% 4.8% 3.4% 1.2%

85.5% -17.8% 47.0% 1.0% 62.9% -6.9% 45.5% 5.3% 30.3% -2.3% 33.0% 3.4% 44.8% -5.0% 26.7% 9.2% 27.1% -0.4%

100,000 147,000 136,000 160,000 215,000 150,000 141,500 215,000 233,000

9.9% 5.1% 6.3% 7.1% 13.5% 1.2% 4.8% 4.9% 0.4%

136,600 5.9% 182,735 -2.6% 303,302 29.0% NA NA NA NA 221,518 NA NA NA 509,535 3.4% 306,223 -34.1%

200,499 299,922

8.8% 7.5%

49.6% 36.3%

18.8% 19.0%

181,200 270,000

8.5% 5.9%

250,026 346,425

17.2% 8.9%

175,000

8.7%

33.2%

-2.4%

168,900

6.2%

220,235

21.2%

258,649

4.3%

36.1%

32.7%

228,500

1.6%

361,454

22.2%

150,000 190,000 185,000 153,000 169,000 175,000 267,500 154,000

11.1% 5.7% 2.8% 9.3% -0.6% 2.9% 0.4% 5.5%

76.5% 37.7% 42.9% 75.9% 25.4% 12.9% 23.4% 30.5%

11.1% 16.7% 14.3% 12.5% 15.0% 11.4% 33.8% 3.0%

150,000 190,000 185,000 153,000 165,000 174,000 228,650 153,500

11.1% 5.7% 2.8% 9.3% 3.1% 3.0% -1.9% 5.1%

175,000 9.7% NA NA 285,600 NA 165,944 10.3% 517,288 16.1% 242,791 3.3% 434,000 -10.8% 167,500 34.9%

PERCENT CHANGE

RESALE MEDIAN PRICE

BY THE NUMBERS

5-YEAR PRICE CHANGE, 2009-2014

Includes single-family detached houses that sold for at least $30,000. ZIP codes with fewer than 50 home sales are excluded, because small samples could skew a median price.

PERCENT CHANGE 1-YR

BY THE NUMBERS VALLEY HOME VALUES VALLEY HOME VALUES

BY THE NUMBERS

NEW 1-YR MEDIAN CHNG. PRICE

OVERALL MEDIAN PRICE

1-YR

5-YR

10-YR

$205,000 158,000 270,000 266,671 233,500

2.5% 5.3% 13.6% -2.7% -1.1%

24.2% 79.5% 45.6% 35.0% 14.2%

8.8% 9.7% 42.1% 20.9% 17.0%

$205,500 158,000 234,000 235,000 230,000

2.8% 5.3% 6.5% -6.0% -2.5%

288,500

2.4%

28.2%

15.4%

265,000

0.5%

349,900

7.9%

1,271,982

-3.3%

-3.8%

32.5%

1,250,000

-3.8%

2,625,000

18.1%

141,900 210,750 223,648 324,869

9.2% 7.0% 6.2% 3.5%

49.4% 30.1% 28.5% 37.5%

-0.1% 8.4% 14.7% 3.5%

140,000 205,000 221,000 300,000

7.7% 5.1% 7.3% 1.4%

NA 24.7% NA NA NA -33.2% 23.3% NA NA -43.1% NA -6.0% NA -16.8% -17.1% 12.4% -5.5% -3.1% NA NA NA NA 12.4% NA 0.1% NA -18.5% -0.6% -0.1% 0.5% NA NA 1.7% 27.1% NA NA NA -0.9% 23.1% NA

173,286

11.3%

64.3%

13.6%

155,000

4.0%

230,092

5.6%

10-YEAR PRICE CHANGE, 2004-2014

1-YR CHNG.

$180,600 -46.8% 205,000 NA 308,679 13.1% 318,331 -2.6% 270,000 5.7%

283,094 111.3% 240,123 -3.0% 227,828 -5.0% 342,650 2.2%

RESALE MEDIAN PRICE

+14.9% OR LESS

-0.1% OR LESS

+15 TO +29.9%

0 TO +14.9%

+30 TO +59.9%

+15 TO +29.9%

+60 TO +89.9%

+30 TO +44.9%

MORE THAN +90%

MORE THAN +45%

NEW 1-YR MEDIAN CHNG. PRICE

1-YR CHNG.

$390,000

-1.2%

$870,000

65.7%

30.1% 36.2% 22.6% 31.8% 34.9% 16.4% 9.6% 17.0% 63.4% 25.2%

306,000 288,700 390,000 641,350 232,701 465,000 576,250 420,000 735,000 638,750

4.6% 3.1% 6.8% 4.5% 9.5% -2.1% 3.8% -0.8% 5.0% 11.1%

1,050,022 21.0% 652,748 -50.2% NA NA 864,599 -1.6% NA NA NA NA 1,353,750 55.2% 1,150,000 106.5% 829,650 12.2% 871,098 -1.9%

5.5% 12.4%

-0.4% 16.3%

124,500 173,250

13.2% 3.7%

NA 245,805

NA 3.7%

3.7%

0.7%

-2.4%

176,250

3.8%

179,000 153,000 195,000

7.2% 13.3% 6.3%

32.7% 19.8% 42.3%

6.5% 2.7% 15.0%

179,000 153,000 185,000

8.1% 12.1% 11.6%

NA NA 239,007

NA NA 10.8%

188,900 225,244

9.2% 2.9%

39.9% 9.5% 5.9% -10.5%

178,000 219,950

7.1% 0.4%

281,042 230,394

23.0% 4.4%

185,000 200,000 220,000 343,500

12.1% 0.3% 7.8% -0.1%

19.7% 14.3% 15.8% 7.3%

17.1% 15.2% 22.9% 16.4%

185,000 200,000 220,000 343,500

12.1% 0.3% 6.5% -0.1%

NA 365,000 NA NA

NA NA NA NA

154,900

6.8%

52.6%

-0.7%

149,000

10.4%

182,000

2.7%

244,486

17.6%

13.7%

-4.1%

228,375

9.3%

249,195

20.4%

OVERALL MEDIAN PRICE

1-YR

5-YR

10-YR

$395,000

0.0%

11.6%

37.6%

310,000 291,500 390,000 675,000 232,701 465,000 584,000 421,250 759,750 663,500

3.4% 4.1% 6.8% 6.1% 9.5% -2.1% 4.8% -0.9% 7.8% 15.4%

25.0% 23.0% 25.8% 22.8% 36.9% 10.5% 8.6% 17.0% 35.7% 17.7%

124,500 179,900

13.2% -0.1%

176,250

PERCENT CHANGE

Sunday, April 26, 2015 15

ZIP CODE WICKENBURG AREA 85390 WITTMANN 85361 YOUNGTOWN 85363

OVERALL MEDIAN PRICE

PERCENT CHANGE 1-YR

$185,000 -11.9%

RESALE MEDIAN PRICE

5-YR

10-YR

-1.1%

-1.0%

33.1%

9.1%

206,500

NEW 1-YR MEDIAN CHNG. PRICE

$182,500 -13.1%

1-YR CHNG.

$415,000

-0.2%

330,000

34.7%

213,000

1.9%

91,000

1.1%

7.1% -33.7%

91,000

1.1%

$80,500

6.1%

27.8% -12.5%

$80,000

6.0%

$115,900

17.7%

131,250 189,000

1.8% 1.0%

19.3% 4.8%

1.8% 14.8%

127,500 175,000

0.6% -2.8%

176,510 234,186

5.8% 13.1%

96,900

3.1%

38.4%

-4.1%

96,900

3.1%

80,000 -47.4%

278,951

6.1%

213,726

12.0%

188,442 -10.3%

32.3% 141.9%

138,000

-4.8%

29.0%

17.6%

114,000

-1.2%

257,500

9.6%

19.8%

43.1%

255,000

8.5%

452,196 108.5%

156,000 137,500

6.1% 1.9%

37.4% 42.1%

-5.8% -7.5%

142,000 137,500

2.2% 1.9%

185,945 NA

10.0% NA

355,164

19.3%

61.8% 144.9%

171,950 -10.0%

380,237

-1.4%

297,868

15.0%

48.4%

41.8%

259,000

6.8%

334,882

17.3%

131,480

5.2%

-6.0%

20.8%

121,000

19.8%

157,302

2.4%

177,000 155,000

7.5% 6.9%

44.9% 47.6%

26.4% 7.0%

158,000 149,900

7.1% 5.9%

299,995 196,999

26.2% 5.1%

16 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

BY THE NUMBERS VALLEY HOME VALUES VALLEY HOME VALUES

SPECIAL REPORT

BY THE NUMBERS

MORE ONLINE Use the interactive map at homevalues.azcentral.com: Find median home-sale prices for 2014 and price changes over time. Dig deeper into real estate at realestate.azcentral.com: Click through presentations comparing home values by community and best- and worst-performing ZIP codes. Browse analysis for 20 key Valley ZIP codes and find all the latest stories by Catherine Reagor, recognized as the pre-eminent reporter in the region on housing.

TOP 5 | BOTTOM 5

BY COMMUNITY MEDIAN PRICE COMMUNITY

2014

MARICOPA COUNTY Avondale Buckeye Carefree Cave Creek Chandler El Mirage Fountain Hills Gilbert Glendale Goodyear Laveen Litchfield Park Mesa Paradise Valley Peoria Phoenix Queen Creek Rio Verde Scottsdale Sun City Sun City West Surprise Tempe Tolleson Waddell Wickenburg Wittmann Youngtown

$158,000 169,000 722,500 435,914 251,000 130,000 385,000 266,490 165,000 240,000 175,000 258,649 190,000 1,271,982 245,000 174,900 297,868 395,000 450,000 139,000 176,250 188,000 220,000 154,900 244,486 185,000 213,000 91,000

2013

1-YEAR PERCENT CHANGE

MEDIAN PRICE

SALES 2014

2013

SOME COMMUNITIES OVERLAP PINAL COUNTY.

$146,275 156,188 630,000 400,000 245,000 119,000 387,900 258,000 160,000 220,000 161,020 248,000 183,000 1,315,000 226,248 166,500 259,000 394,900 440,000 130,000 169,900 175,000 212,250 145,000 207,845 210,000 209,000 90,000

8.0% 8.2% 14.7% 9.0% 2.5% 9.3% -0.8% 3.3% 3.1% 9.1% 8.7% 4.3% 3.8% -3.3% 8.3% 5.1% 15.0% 0.0% 2.3% 6.9% 3.7% 7.4% 3.7% 6.8% 17.6% -11.9% 1.9% 1.1%

1,502 2,289 74 859 4,553 722 503 6,235 4,198 2,455 928 640 8,289 418 3,953 19,234 1,372 113 5,595 1,398 1,172 3,757 1,721 714 348 145 108 139

1,482 2,358 113 947 5,513 788 549 6,506 4,525 2,776 1,036 865 7,655 409 3,982 21,042 1,413 105 5,561 1,496 1,169 4,047 1,574 813 428 152 103 145

By ZIP code

By community TOP 5

BOTTOM 5

TOP 5

PARADISE VALLEY

ARIZONA CITY

85253 PARADISE VALLEY

$1,271,982 CAREFREE

$80,500 YOUNGTOWN

$722,500 SCOTTSDALE

CAVE CREEK

RIO VERDE

$96,900 $130,000 $131,480

-17.5% 6.1% -0.9% 3.1% -10.3% -4.8% 4.2% 19.3% 13.8% 5.2%

702 244 1,032 195 144 685 1,715 128 643 86

1,093 281 956 197 109 637 2,027 105 3,303 102

$675,000 $663,500

By community BOTTOM 5

TOP 5

ORACLE

APACHE JUNCTION

85007 PHOENIX

19.3%

-17.5% WICKENBURG

-11.9% -10.3%

QUEEN CREEK (PINAL)

13.8%

$65,062 85123 ARIZONA CITY

$80,500 85017 PHOENIX

$84,500 85031 PHOENIX

$89,000

-4.8% PARADISE VALLEY

-3.3%

85354 TONOPAH

37.6% 85020 PHOENIX

-14.0% 85390 WICKENBURG

36.4% 30.4% 85035 PHOENIX

FLORENCE

14.7%

85009 PHOENIX

BOTTOM 5

85631 SAN MANUEL

ELOY

15.0% CAREFREE

$60,000

By ZIP code

TOP 5

QUEEN CREEK

85631 SAN MANUEL

Maricopa and Pinal counties, minimum 50 sales

17.6% $169,092 75,900 140,000 94,000 210,000 145,000 143,900 297,678 152,500 125,000

$722,500

85266 SCOTTSDALE

RED ROCK

PRICE CHANGE

$759,750

85255 SCOTTSDALE

EL MIRAGE

$395,000

PINAL COUNTY $139,500 80,500 138,716 96,900 188,442 138,000 150,000 355,164 173,500 131,480

85262 SCOTTSDALE

85377 CAREFREE

COOLIDGE

$435,914

BOTTOM 5

$1,271,982

$91,000

$450,000

WADDELL

Apache Junction Arizona City Casa Grande Coolidge Eloy Florence Maricopa Oracle Queen Creek Red Rock

Maricopa and Pinal counties, minimum 50 sales

26.7% 85014 PHOENIX

20.9%

-11.9% 85131 ELOY

-10.3% 85050 PHOENIX

-6.7% 85132 FLORENCE

-4.8%

Valley Home Values | The Arizona Republic

SOUTHEAST VALLEY

SOUTHEAST MESA 85212

Sunday, April 26, 2015 17

AVERAGE COMMUTE TIME: 29 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES

REAGOR ON REAL ESTATE

Prices in this growing east Mesa neighborhood are up 42 percent from 2004. 85212

Metro Phoenix

$350,000

2014: $270,000

300 250

2004: $190,000

200 2004: $174,500

150 100

2004

2005

2014: $207,000 2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

Cortina Elementary School (PK-8) Highland Park Elementary School (PK-6) Higley Elementary School

Middle/high ASU Preparatory AcademyPolytechnic High School (9) Benjamin Franklin High School (7-11) Highland High School (9-12) Highland Junior High School (7-8) Higley High School (9-12)

64.5% 35.5%

U.S.

64.9% 35.1%

Own

Source: The Information Market

MEDIAN HOUSEHOLD INCOME $80,000 70 60 50 40 30 20 10 0 85212

Source: U.S. Census Bureau

40 35 30 25 20 10

Arizona

U.S.

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

81% Source: FBI

"+%$(* !&))* +$ "+%$,+&. '% *(# /-"0 '* 1)%+!

)$'(!&$%" )$'(!&$%" *%%$#(!&$%"

Rent

EDUCATIONAL ATTAINMENT

Source: U.S. Census Bureau

Mesa

77.3% 22.7%

Arizona

$53,046

Chaparral Elementary School (K-8)

Jack Barnes Elementary School (PK-5)

2014

$49,774

Elementary ASU Preparatory AcademyPolytechnic Elementary (K-8)

(PK-8)

85212 New builds Traditional purchases Short sales/foreclosures

$77,704

This growing southeast Mesa area around Phoenix-Mesa Gateway Airport and Arizona State University’s Polytechnic campus is attracting businesses, homebuilders and buyers. ZIP code 85212 is home to the new Eastmark community, near where Apple is opening a $2 billion data facility. Loop 202 runs through the northwestern corner of the area, meeting the U.S. 60 freeway. A new BASIS charter school appeals to many families, but people are buying houses here also to be near freeways and jobs.

PUBLIC SCHOOLS School district and charter schools rated 10 by GreatSchools.org:

HOME OWNERSHIP

HOME SALES BY TYPE

15 5 85212

Arizona

U.S.

New-home sales in Mesa’s 85212 ZIP code climbed faster than most areas of the Valley last year because of the growing Eastmark community. Those sales jumped more than 71 percent in the area in 2014, and its median newhome price climbed 13 percent. Overall, the median home price in 85212 climbed almost 14 percent to $270,000. The area now has the highest prices in Mesa. Most of the homebuyers, about 88 percent, who purchased houses in the area last year plan to live in them full time. New-home sales in Eastmark are expected to climb again this year.

18 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

NORTHEAST VALLEY

PARADISE VALLEY 85253

AVERAGE COMMUTE TIME: 20 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES

REAGOR ON REAL ESTATE

Paradise Valley is the only area in metro Phoenix with a median price above $1 million. Metro Phoenix

$2M

85253

2014: $1,271,982

2004: $960,000

1.5M 1M

2004: $174,500

500 0

School district and charter schools rated 9 or 10 by GreatSchools.org: Elementary Archway Veritas (Great Hearts Academies) (K-12) Cherokee Elementary School (PK-5)

Middle/high BASIS Phoenix (5-12) Chaparral High School (9-12)

2006

2007

2008

2011

2012

2013

2014

HOME OWNERSHIP

HOME SALES BY TYPE

85253 New builds Traditional purchases Short sales/foreclosures

2014

84.3% 15.7%

Arizona

64.5% 35.5%

U.S.

64.9% 35.1%

Own

Source: The Information Market

Rent

Source: U.S. Census Bureau

MEDIAN HOUSEHOLD INCOME

EDUCATIONAL ATTAINMENT

$120,000

100

25 20

60 40 20 0

85253

Arizona

U.S.

15 5

Source: U.S. Census Bureau

PERSONAL SAFETY

Kiva Elementary School (K-6)

The higher the percentile, the less violent crime reported.

Paradise Valley

30+ Years of Service to You

AR-0008384096-01

2010

Source: The Information Market

Cochise Elementary School (PK-5) Madison Traditional Academy (K-8)

2009

$53,046

PUBLIC SCHOOLS

2005

$49,774

Paradise Valley is metro Phoenix’s original million-dollar neighborhood. The tony enclave has some of the best views of the region’s most well-known desert landmarks, especially Mummy and Camelback mountains. The Barry Goldwater Memorial features Camelback mountain in the background. The area, surrounded by Scottsdale and Phoenix, is home to celebrities, professional athletes, politicians, business leaders and posh resorts. Don’t expect much future development in the neighborhood — the town is landlocked, has many acres set aside for preserve and requires bigger lots. The area has very little commercial space.

2004

$109,185

ABOUT THE AREA

2014: $207,000

The median sales price in Paradise Valley was $1.27 million in 2014, down about 3 percent from the year before. But home sales were up 2 percent. Many of the area’s oldest mansions have been renovated or torn down and rebuilt, and there’s very little vacant land left. However, new homes are going up now on the former site of Mountain Shadows Resort. The area continues to draw secondhome buyers; last year, about 17 percent of Paradise Valley’s homebuyers had other homes elsewhere.

not available

85253

Arizona

U.S.

Source: FBI

Source: U.S. Census Bureau

How Much Will My Home Sell For Today?

Just Ask Russ Lyon Sotheby’s International Realty

480.287.5300

BaldwinTeam.com

Valley Home Values | The Arizona Republic

NORTHEAST VALLEY

PHOENIX/SCOTTSDALE 85254

Sunday, April 26, 2015 19

AVERAGE COMMUTE: 20 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Home values in the Kierland area of Phoenix and Scottsdale are up almost 50 percent since 2011.

500 400

85254

Metro Phoenix

$600,000

2014: $390,000

2004: $318,000

2014: $207,000

300 200 100

2004: $174,500 2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Source: The Information Market

ABOUT THE AREA The popular Kierland area is located in ZIP code 85254. The neighborhood has a Scottsdale address but is physically part of the city of Phoenix. Upscale shopping in Kierland Commons, offices, resorts, golf courses, condominiums and apartments are all part of this area located near State Route 51 and Loop 101, as well as Scottsdale Road. Newer houses and apartments in Kierland are higher priced, but the area also has more affordable older neighborhoods around the development. Scottsdale Airport is next door.

PUBLIC SCHOOLS

Cheyenne Traditional Elementary School (K-8) Cochise Elementary School (PK-5) Copper Canyon Elementary

2014

Scottsdale Prep (Great Hearts) (5-12)

)%!#& *'$$','+#

"%)%#& ( !'$$%#& %# 21$10 *!."3.4 9 9 9 9 9 3).. ' %<!+ (6 *7: *>6 9 9 9 )&$(+### 2-1/ 1,0" 9 9 44,) ' (!1-/! (7/>6 9 9 9 9 9 9 9 )'%(+### 2-1/ 1,0" 9 9 ;22=; $ 3401 "07660 9 9 9 9 9 9 )'&#+### 2-1/ 1,0" 9 9 ;2=;2 $ 3,+8 "07660 9 9 9 9 9 9 )'&$+(## 2-1/ 1,0" 9 9 35,3 ' &!/- #<!8 9 9 9 9 9 9 9 9 9 )((%+(## %0:9 6!=== (#//#.#, 5)-:7 1,0" 3+ &#93")<# ()2+4,;

64.9% 35.1%

Own

Source: The Information Market

Rent

Source: U.S. Census Bureau

MEDIAN HOUSEHOLD INCOME

EDUCATIONAL ATTAINMENT

$100,000

35 30 25

60 40 20 0

Sonoran Sky Elementary School (K-6) Middle/high BASIS Phoenix (5-12)

U.S.

20 15

$53,046

Grayhawk Elementary School (PK-6)

64.5% 35.5%

$49,774

School (PK-6)

73.4% 26.6%

Arizona

$90,718

Cherokee Elementary School (PK-5)

85254 New builds Traditional purchases Short sales/foreclosures

School district and charter schools rated 10 by GreatSchools.org: Elementary Archway Scottsdale (Great Hearts Academies) (K-4)

HOME OWNERSHIP

HOME SALES BY TYPE

85254

Arizona

U.S.

Source: U.S. Census Bureau

85254

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Scottsdale

89% Source: FBI

(%&" 12, 3"4. "

U.S.

The median home price in 85254 climbed almost 7 percent to $390,000, much higher than metro Phoenix’s overall median of $207,000 for 2014. The area, home to the Kierland neighborhood, saw housing prices climb even as sales dropped 15 percent. This neighborhood’s home prices are still relatively affordable for north Scottsdale. Kierland’s shopping, golf courses and many jobs are drawing Millennials, empty nesters and people buying a second home. About 14 percent of houses purchased in the area last year went to investors who planned on turning them into rentals. Second-home buyers accounted for 10 percent of the home sales.

Source: U.S. Census Bureau

0256

Arizona

REAGOR ON REAL ESTATE

"0!& $-%*4 #-%( %( 0-13 '3** 2-( ./ &-4!#)' 1!(,3&+

! !/'' &% !')-( $&*/#+

*71 8)9 ')*++ (#//#.#, .#,7;")...;$5)7:(#//#.#,7;")-

'*./))) "!(( 02#,1-%,1&1+

20 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

NORTHEAST VALLEY

NORTH SCOTTSDALE 85255

AVERAGE COMMUTE TIME: 24 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Home values have climbed 32 percent during the past decade in this popular north Scottsdale area.

800

2014: $675,000

2004: $512,000

600 400

2014: $207,000

2005: $174,500

200 0

85255

Metro Phoenix

$1M

2004

2005

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

Desert Canyon Elementary School (K-5)

Grayhawk Elementary School (PK-6) Pinnacle Peak Elementary School (PK-6)

64.5% 35.5%

U.S.

64.9% 35.1%

Own

Source: The Information Market

Rent

Source: U.S. Census Bureau

MEDIAN HOUSEHOLD INCOME

EDUCATIONAL ATTAINMENT

$120,000

100

40 20 0

85255

Arizona

U.S.

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Scottsdale

89% Source: FBI

*# ($' )#!+

/B0# (2) :F>>F57 F7 !;>0! F7 *,+4G

81.4% 18.6%

Arizona

$53,046

School district and charter schools rated 9 or 10 by GreatSchools.org:

2014

$49,774

PUBLIC SCHOOLS

85255 New builds Traditional purchases Short sales/foreclosures

$111,042

North Scottsdale’s 85255 ZIP code, north of Loop 101 and east to the McDowell Mountains, has become the second-priciest place to buy a house in metro Phoenix. The area is home to the DC Ranch, Grayhawk and McDowell Mountain communities. DC Ranch Marketplace is pictured. Getting to the north Valley has become easy with Loop 101, which runs through the southwestern corner of 85255. High-end golf courses, restaurants and shopping can be found in this neighborhood or nearby. This community draws both full- and part-time residents.

Elementary Copper Ridge Elementary School (PK-8)

HOME OWNERSHIP

HOME SALES BY TYPE

&%"%%

15 5 85255

Arizona

U.S.

,35#84# !% #3286 #3 -"52 3!# $3: :. 485 $.91 63! -"52 63!& +'*0/ $37. 3& -3& 8 ('** 78&;.# 85896%"% 35 63!& 4!&&.5# $37.) :57!57>E=E#9"#5E%-65:

4.,-*2,-,.4.

$ ?5% +' ;H CE!! 3957 A5HI089D! <7H0#7;HF57;> C0;>H9 $ 3E=E#9 1;#@0HF7" & A;>0!

REAGOR ON REAL ESTATE ZIP code 85255 is the most popular area in the northeast Valley for sales, with almost 1,100 closing during 2014. That’s more than double the pace of sales in Paradise Valley and some neighboring Scottsdale areas. The median sales price in 85255 climbed more than 6 percent last year. 85255 is also home to Silverleaf in DC Ranch, an area rivaling Paradise Valley to become the region’s most expensive neighborhood. Houses priced above $20 million and condominiums with private elevators costing more than $1 million are currently for sale in the posh enclave.

Valley Home Values | The Arizona Republic

NORTHEAST VALLEY

SCOTTSDALE 85258

Sunday, April 26, 2015 21

AVERAGE COMMUTE TIME: 21 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Prices in this Scottsdale neighborhood dipped 2 percent in 2014 but are expected to climb this year. 85258

Metro Phoenix

$800,000 700 600 500

2014: $465,000

2004: $399,450

400 300 200 100

2014: $207,000

2004: $174,500 2004

2005

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA One of Scottsdale’s first high-end neighborhoods, McCormick Ranch is in the middle of ZIP code 85258. The community, once an Arabian horse farm, was launched in the 1970s and features a greenbelt lake. Many of the area’s original houses and townhomes have been renovated and draw families, retirees and second-home buyers. The Gainey Ranch community with a Hyatt Regency Scottsdale Resort, spa and golf course also is in the area. Much of Scottsdale’s popular greenbelt spans the 85258 area. Restaurants, shops and offices dot the area.

85258

Cochise Elementary School (PK-5)

20 15 10

Arizona

U.S.

5 85258

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

*(%%&$' )%% #,(! "#+$ 21$12

89%

*!."3.4 9 9 9 9 9 ;=2,3 & 6,-: %/#!89 9 9 9 9 9 9 )(''+'## 2-1/ 1,0" 9 9 +.44 & +;50 $07880 ),=4 9 9 9 )&&(+'(# 2-1/ 1,0" 9 9 33,= ( &<701 '#-8 9 9 9 9 9 9 9 )$%(+### 2-1/ 1,0" 9 9 33=4 ( *<>"/80788 ).6 9 9 9 9 )('(+### 2-1/ 1,0" 9 9 +243 & 6,-: $07880 9 9 9 9 9 9 )%##+### %0:9 6!=== (#//#.#, 5)-:7 1,0" 3+ &#93")<# ()2+4,;

(%&" 12, 3"4. "

U.S.

Source: U.S. Census Bureau

0256

Arizona

Home prices in the Scottsdale ZIP code 85258 dipped slightly, about 2 percent, during 2014. But the area’s home sales soared. The median price in the neighborhood, home to McCormick and Gainey ranches, was about $465,000 last year. Home sales in the area, where there’s very little vacant land left for new development, jumped more than 33 percent. Foreclosures and short sales are rare in these neighborhoods, which attract long-term residents. Only about 4 percent of the home sales in 2014 were short sale or foreclosure transactions.

Source: FBI

)%!#& *'$$','+#

Source: U.S. Census Bureau

Scottsdale

Rent

EDUCATIONAL ATTAINMENT

$53,046

Middle/high Scottsdale Prep (Great Hearts) (5-12)

64.9% 35.1%

$72,089

Laguna Elementary School (PK-5)

Cheyenne Traditional Elementary School (K-8)

U.S.

$49,774

$80,000 70 60 50 40 30 20 10 0 85258

Kiva Elementary School (K-6)

Sonoran Sky Elementary School (K-6)

64.5% 35.5%

Own

MEDIAN HOUSEHOLD INCOME

74.2% 25.8%

Arizona

Source: The Information Market

School district and charter schools rated 9 or 10 by GreatSchools.org:

Cherokee Elementary School (PK-5)

New builds Traditional purchases Short sales/foreclosures

2014

PUBLIC SCHOOLS

Elementary Archway Scottsdale (Great Hearts Academies) (K-4)

HOME OWNERSHIP

HOME SALES BY TYPE

REAGOR ON REAL ESTATE

"0!& $-%*4 #-%( %( 0-13 '3** 2-( ./ &-4!#)' 1!(,3&+

! !/'' &% !')-( $&*/#+

*71 8)9 ')*++ (#//#.#, ...;$5)7:(#//#.#,7;").#,7;")-

'*./))) "!(( 02#,1-%,1&1+

22 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

NORTHEAST VALLEY

EAST SCOTTSDALE 85259

AVERAGE COMMUTE TIME: 24 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES

REAGOR ON REAL ESTATE

Prices in this Scottsdale neighborhood are up almost 14 percent since 2011. 85259

Metro Phoenix

$1M 800

2014: $584,000

2004: $532,608

600 400

2014: $207,000

2004: $174,500

200 0

2004

2005

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA ZIP code 85259 in north Scottsdale includes the foothills of the McDowell mountains and reaches east to Fountain Hills. Home to Frank Lloyd Wright’s Taliesin West and the Mayo Clinic, the area draws many families and retirees. The Ancala community and golf course are located near the center of the ZIP code, where Shea Boulevard is a main street. Many of the houses were built in the 1980s and ‘90s and have open, desert-style landscaping.

85259

Mission Montessori Academy (K-8)

%0:9 6!=== (#//#.#, 5)-:7 /01" 3+ &#93")<# ()2+4,;

Source: U.S. Census Bureau

50 40

$53,046

$49,774

$95,515

85259

Arizona

U.S.

Source: U.S. Census Bureau

85259

The higher the percentile, the less violent crime reported.

89%

(%&" 12, 3"4. "

U.S.

Source: U.S. Census Bureau

0256

Arizona

PERSONAL SAFETY

*(%%&$' )%% #,(! "#+$ 21$1-

Rent

EDUCATIONAL ATTAINMENT

Source: FBI

!+/- /01" ) ) ++/=0 % ++045 #"> ) ) ) ) ) ) ) '$.,)### !+/- /01" ) ) +6260 ' ';4<:33" *,:1.: ) ) ) '*%()### !+/- /01" ) ) +=2== % +0645 $4<::4 ) ) ) ) ) ',&#)### !+/- /01" ) ) +08=+ ' &-3! (.;4 *,:1.: ) '(.#)### !+/- /01" ) ) +0/27 % +2945 $4<::4 ) ) ) '&)*$%),##

64.9% 35.1%

$100,000

Scottsdale

)%!#& *'$$','+#

U.S.

MEDIAN HOUSEHOLD INCOME

Desert Mountain High School (9-12) Mountainside Middle School (6-8)

64.5% 35.5%

Own

Middle/high BASIS Scottsdale (5-12)

73.7% 26.3%

Arizona

Source: The Information Market

School district and charter schools rated 9 or 10 by GreatSchools.org:

Cheyenne Traditional Elementary School (K-8)

New builds Traditional purchases Short sales/foreclosures

2014

PUBLIC SCHOOLS

Elementary Anasazi Elementary School (PK-5)

HOME OWNERSHIP

HOME SALES BY TYPE

High-priced new houses continue to go up in ZIP code 85259. The median newhome price in the area, west of Fountain Hills, climbed more than 55 percent to more than $1.35 million in 2014. The ZIP code was behind only Paradise Valley for the priciest newhome sales. Overall, home sales fell almost 9 percent, and the median price climbed 5 percent to $584,000.

"0!& $-%*4 #-%( %( 0-13 '3** 2-( ./ &-4!#)' 1!(,3&+

! !/'' &% !')-( $&*/#+

*71 8)9 ')*++ (#//#.#, .#,7;")...;$5)7:(#//#.#,7;")-

'*./))) "!(( 02#,1-%,1&1+

Valley Home Values | The Arizona Republic

NORTHEAST VALLEY

SCOTTSDALE 85260

Sunday, April 26, 2015 23

AVERAGE COMMUTE TIME: 20 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES

REAGOR ON REAL ESTATE

Prices dipped 1 percent in this Scottsdale area last year after climbing 17 percent in 2013.

500

2014: $421,250

2004: $360,000

400 300

2014: $207,000

2004: $174,500

200 100

85260

Metro Phoenix

$600,000

2004

2005

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

HOME OWNERSHIP

HOME SALES BY TYPE

Scottsdale’s busy airport is in the northwestern edge of this area, next to the Phoenix border and the popular Kierland development. The Scottsdale Airpark area, surrounding the airport, is one of metro Phoenix’s biggest office and employment hubs. The ZIP code also includes Starfire Golf Club. Loop 101 runs down the middle of the area, making it easy to get to for homeowners, pilots, company executives and employees. The Desert Hills neighborhood has many desert-style homes and xeriscaped yards, with cactuses and other native plants.

85260 New builds Traditional purchases Short sales/foreclosures

2014

Cochise Elementary School (PK-5) Copper Canyon Elementary School (PK-6)

Pic Arts Academy at Scottsdale Inc. (K-4)

30 25 20 15 10

85260

Arizona

U.S.

Source: U.S. Census Bureau

85260

The higher the percentile, the less violent crime reported.

Scottsdale

89%

-!1#617 9 9 9 9 9 )4<1 & $:-/- '7/?6 9 9 9 9 9 9 9 9 9 ,&$*.""" 5042 4/3# 9 9 <2<@< # ),78 !:= 9 9 9 9 9 9 9 9 ,%(&.*(* 5042 4/3# 9 9 <;,01 & (-/+.>+ ".766. 9 9 9 9 ,)+(.)"" 5042 4/3# 9 9 31<< & %6+:+ '7/?6 9 9 9 9 9 9 9 ,*'*.""" 5042 4/3# 9 9 4141 & *5.67 '7/?6 9 9 9 9 9 9 9 ,&$*.""" %0:9 6!=== (#//#.#, 5)-:7 4/3# 3+ &#93")<# ()2+4,;

(%&" 12, 3"4. "

U.S.

Source: U.S. Census Bureau

0256

Arizona

PERSONAL SAFETY

*(%%&$' )%% #,(! "#+$ 21$%#

Source: U.S. Census Bureau

Source: FBI

)%!#& *'$$','+#

Rent

EDUCATIONAL ATTAINMENT

$53,046

Grayhawk Elementary School (PK-6)

Middle/high Scottsdale Prep (Great Hearts) (5-12)

64.9% 35.1%

$49,774

School district and charter schools rated 9 or 10 by GreatSchools.org:

Sonoran Sky Elementary School (K-6)

U.S.

$76,522

70 60 50 40 30 20 10 0

PUBLIC SCHOOLS

Cheyenne Traditional Elementary School (K-8)

64.5% 35.5%

Own

$80,000

Elementary Archway Scottsdale (Great Hearts Academies) (K-4)

Arizona

Source: The Information Market

MEDIAN HOUSEHOLD INCOME

58.3% 41.7%

Home prices and sales in this northwest Scottsdale ZIP code were down slightly in 2014. The neighborhood’s desertstyle homes typically draw buyers who want to be near the area’s major employment hub or the Scottsdale Airport. The area’s median home price of $421,250 is relatively affordable for Scottsdale, and many older homes owned by original residents are being purchased by new buyers and remodeled. A small neighborhood of new homes was built and sold last year, driving up the area’s newhome median price. But as in most parts of Scottsdale, there isn’t a lot of vacant land left.

"0!& $-%*4 #-%( %( 0-13 '3** 2-( ./ &-4!#)' 1!(,3&+

! !/'' &% !')-( $&*/#+

*71 8)9 ')*++ (#//#.#, .#,7;")...;$5)7:(#//#.#,7;")-

'*./))) "!(( 02#,1-%,1&1+

24 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

NORTHEAST VALLEY

NORTH SCOTTSDALE 85266

AVERAGE COMMUTE TIME: 27 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES

REAGOR ON REAL ESTATE

This upscale north Scottsdale area’s median home price peaked at almost $835,000 in 2007. 85266

Metro Phoenix

$1M 800

2014: $663,500

2004: $529,950

600 400

2014: $207,000

2004: $174,500

200 0

2004

2005

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA ZIP code 85266 is a high-end, high-desert area of north Scottsdale that stretches up to Carefree. The Boulders Resort, Whisper Rock Golf Club and many million-dollar desert estates dot the area, which basically stretches between Scottsdale and Pima roads. When the desert expanse’s Terravita development opened in the mid-1990s, potential homebuyers camped out to be able to purchase a home for less than $500,000 in this part of the Valley.

Freedom Academy North (K-8) Horseshoe Trails Elementary School (PK-6)

Pinnacle Peak Elementary School (PK-6) Middle/high Foothills Academy College Preparatory (7-12)

93.1%

Arizona

64.5% 35.5%

U.S.

64.9% 35.1%

Own

Source: The Information Market

Rent

Source: U.S. Census Bureau

MEDIAN HOUSEHOLD INCOME

EDUCATIONAL ATTAINMENT

$120,000

100

40 20 0

$53,046

Desert Sun Academy (PK-7) Desert Willow Elementary School (K-6)

Lone Mountain Elementary School (K-6)

2014

$49,774

School district and charter schools rated 9 or 10 by GreatSchools.org:

6.9%

85266 New builds Traditional purchases Short sales/foreclosures

$100,338

PUBLIC SCHOOLS

Elementary Black Mountain Elementary School (PK-6)

HOME OWNERSHIP

HOME SALES BY TYPE

85266

Arizona

U.S.

15 5

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Scottsdale

89%

85266

Arizona

U.S.

Source: FBI

Source: U.S. Census Bureau

ALE RD. OTTSD N. SC

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Home prices jumped more than 15 percent in north Scottsdale’s 85266 ZIP code, even as home sales fell more than 9 percent during 2014. This part of the Valley, with its boulders and large desert estates, draws residents who are looking for space. Second-home buyers from around the U.S. and worldwide flock to the area for its high-desert terrain. More than 30 percent of the area’s homebuyers last year have at least one other home and plan to live in north Scottsdale part time. The median home price in 85266 is $663,500.

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Valley Home Values | The Arizona Republic

NORTHEAST VALLEY

CAVE CREEK 85331

Sunday, April 26, 2015 25

AVERAGE COMMUTE TIME: 28 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Home values in the north Valley town of Cave Creek have climbed 33 percent during the past decade. 85331

Metro Phoenix

$600,000

2014: $435,914

500 400 2004: $328,000

300 200 100

2004: $174,500 2004 2005

2014: $207,000

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA Cave Creek in the northeast Valley is in the heart of ZIP code 85331. The eclectic area, founded as a gold-mining town in the 1870s, is known for its Old West character, saloons and expanses of open space. Located in the foothills of Black Mountain, the town’s shops, galleries and restaurants bring in many visitors. The area’s open space and location also draw hikers and horseback riders.

PUBLIC SCHOOLS

85331

Lone Mountain Elementary School (K-6)

)./, %!.0#( *3((+3 2., "0'(/-01 +3**&$

64.9% 35.1%

Own

Rent

Source: U.S. Census Bureau

EDUCATIONAL ATTAINMENT 35 30

$53,046

$49,774

$88,938

Freedom Academy North (K-8)

U.S.

$100,000

Elementary Black Mountain Elementary School (PK-6)

Note: Listed schools are within a 10-mile area.

64.5% 35.5%

MEDIAN HOUSEHOLD INCOME 80

Middle/high Foothills Academy College Preparatory (7-12)

84.8% 15.2%

Arizona

Source: The Information Market

Desert Sun Academy (PK-7)

New builds Traditional purchases Short sales/foreclosures

2014

School district and charter schools rated 9 or 10 by GreatSchools.org:

Desert Willow Elementary School (K-6)

HOME OWNERSHIP

HOME SALES BY TYPE

85331

Arizona

U.S.

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Cave Creek

not available

5 85331

Arizona

U.S.

Source: FBI

*8)) 95 6<8+) 195 8 1566 -9<6 6,8).80+9; 4 >6 >+)) -6)7 =9. /60 0-6 <930 195 =9.5 7597650=2

REAGOR ON REAL ESTATE Houses in Cave Creek range from mansions on multiacre sites to more affordable desert-style, stucco homes. The median price of a house in the town climbed 9 percent to almost $436,000 in 2014 while home sales fell 9 percent. A new community called Cahava Springs, with houses designed by architects from Frank Lloyd Wright’s Taliesin West, is in the works for the area. It will probably be Cave Creek’s last big residential development. The area’s wide-open space and Old West charm draws many second-home buyers. Almost 15 percent of the houses sold in ZIP code 85331 last year went to buyers with other homes, typically outside Arizona.

Source: U.S. Census Bureau

#57+9 !1BE- ''$!- '=; *;;@'$*8& (=@"&= .>03, 4)0?A>D6 C5<+C2!@%=B1:+CF/1:

26 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

WEST VALLEY

CENTRAL PEORIA 85382

AVERAGE COMMUTE TIME: 26 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Home prices are up almost 50 percent since 2011’s market bottom in this central Peoria neighborhood. 85382

Metro Phoenix

$350,000 300

2014: $223,648

2004: $195,000

250 200 150 100

2014: $207,000

2004: $174,500 2005

2004

2006

2007

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA This Peoria neighborhood, next to Arrowhead Ranch and Loop 101, is popular with families and retirees. The Westbrook Village retirement community, several parks and the Challenger Space Center are located in ZIP code 85382, along with Arrowhead Towne Center. The Seattle Mariners and San Diego Padres call this area home during spring training. The teams play at Peoria Sports Complex, located in the area’s southeastern corner. Lake Pleasant Parkway winds through ZIP code 85382, and there is plenty of shopping beyond the major mall.

Coyote Hills Elementary School (K-8)

2014

MEDIAN HOUSEHOLD INCOME

Middle/high BASIS Peoria (5-12) Glendale Prep (Great Hearts Academies) (6-12)

Legend Springs Elementary School (K-6)

Sunrise Mountain High School (9-12)

Own

Rent

35 30 25 20 10

Arizona

U.S.

The higher the percentile, the less violent crime reported.

Peoria

81%

85382

SOLD! SOLD!

8862 W Potter Dr, Peoria, AZ 85382 4 Bds, 2.5 Bath, 3,050 sq 3

$358,000

8653 W Salter Dr, Peoria, AZ 85382

6 Bds, 3 Bath, 3,997 sq 3

$333,591

PERFECT FAMILY HOME

DING P4 Bds,EN 2 Bath, 2,082 sq 3 20304 N 84th Ave, Peoria, AZ 85382

Arizona

U.S.

Source: FBI

THIS LOVELY HOME HAS IT ALL

The 85382 ZIP code is a relatively affordable place to buy a home. The area is near a major freeway, shopping, mature parks and major West Valley job centers. The median price for a house in the area was almost $224,000 in 2014. New houses continue to go up, and the median newhome price is an affordable $228,000. Home prices climbed 6.2 percent during 2014, while sales fell almost 9 percent. However, sales dropped less in 85382 compared with metro Phoenix overall, which saw a 15 percent decline.

PERSONAL SAFETY

SIMPLY STUNNING

Source: U.S. Census Bureau

Parkridge Elementary School

85382

64.9% 35.1%

EDUCATIONAL ATTAINMENT

Source: U.S. Census Bureau

Happy Valley School (K-6)

U.S.

$53,046

Sierra Verde Elementary School (K-8)

64.5% 35.5%

$49,774

(PK-8)

68.7% 31.3%

Arizona

Source: The Information Market

$64,428

School district and charter schools rated 9 or 10 by GreatSchools.org:

Challenge Charter School (K-6)

85382 New builds Traditional purchases Short sales/foreclosures

$80,000 70 60 50 40 30 20 10 0 85382

PUBLIC SCHOOLS

Elementary Candeo Schools (K-7)

HOME OWNERSHIP

HOME SALES BY TYPE

REAGOR ON REAL ESTATE

Source: U.S. Census Bureau

CALL C ALL TODAY 623-266-688 623-266-6888 62 88

$252,500

FR FREEHomeHunterService.com RE rService.com 8275 W. Lake PleasantPkwy | Suite 103 | Peoria, AZ 85382 team@cerreta.net team@cerreta a.net AR-0008384135-01

Valley Home Values | The Arizona Republic

WEST VALLEY

NORTH PEORIA 85383

Sunday, April 26, 2015 27

AVERAGE COMMUTE TIME: 30 MIN

10-YEAR CHANGE IN MEDIAN HOME PRICES Prices climbed 3.5 percent in this north Peoria area last year after jumping almost 20 percent in 2013.

400 300 200 100

85383

Metro Phoenix

$500,000 2004: $314,000

2014: $324,869 2014: $207,000

2004: $174,500

2004

2005

2007

2006

2008

2010

2009

2011

2013

2012

2014

Source: The Information Market

ABOUT THE AREA

HOME OWNERSHIP

HOME SALES BY TYPE

The 7,100-acre Vistancia community anchors north Peoria ZIP code 85383, which includes Pyramid Peak. The expanding development has extended the city’s borders up toward Lake Pleasant and brought new million-dollar houses to the northwest Valley. The decade-old development is often ranked as one of the fastest-growing master-planned communities in the country. Plans call for the second phase, Vistancia North, to have as many as 3,500 homes, a 900-acre reserve and a 500acre commercial center with offices and retail space.

PUBLIC SCHOOLS

85383 New builds Traditional purchases Short sales/foreclosures

2014

Arizona

64.5% 35.5%

U.S.

64.9% 35.1%

Own

Source: The Information Market

Rent

EDUCATIONAL ATTAINMENT

$120,000

40 35 30

School district and charter schools rated 9 or 10 by GreatSchools.org:

$101,526

$49,774

$53,046

85383

Arizona

U.S.

20 0

West Wing Elementary School (K-8)

20 10

Middle/high BASIS Peoria (5-12)

15 5

Source: U.S. Census Bureau

PERSONAL SAFETY The higher the percentile, the less violent crime reported.

Peoria

81%

85383

SOLD! SOLD! SOLD!

POPULAR PEBBLE BEACH

26772 N 92nd Dr, Peoria, AZ 85383 4 Bds, 3 Bath, 4,459 sq 1

$510,000

ABSOLUTELY BEAUTIFUL HOME

SPECTACULAR PERSONAL TOUCHES

4 Bds, 2.5 Bath, 2,946 sq 1

5 Bds, 3 Bath, 3,159 sq 1

22107 N 82nd Ave, Peoria, AZ 85383

$385,000

8348 W Lariat Ln, Peoria, AZ 85383

$300,000

Arizona

ZIP code 85383 has become the West Valley’s most expensive. The median price of a house in the large, far-north area climbed 3.5 percent to reach almost $325,000 last year. Newhome sales, some for more than $1 million, are driving the ZIP code’s housing market and soared almost 44 percent in 2014. Resales in neighborhoods across 85283 fell 14 percent. Overall, home prices in 85383 rose almost 4 percent. The area has a high homeownership rate. Last year, only 4 percent of all houses sold there were bought by investors planning to turn them into rentals.

U.S.

Source: FBI

CALL CA LL TODAY 623-2 623-266-6888 623-266 2

Source: U.S. Census Bureau

MEDIAN HOUSEHOLD INCOME 100

Elementary Vistancia Elementary School (PK-8)

83.5% 16.5%

REAGOR ON REAL ESTATE

Source: U.S. Census Bureau

85383

FR F FREEHomeHunterService.com RE rService.com 8275 W. Lake PleasantPkwy | Suite 103 | Peoria, AZ 85382 team@cerreta.net team@cerreta a.net

28 Sunday, April 26, 2015 The Arizona Republic | Valley Home Values

SPECIAL REPORT

VALLEY HOME VALUES

2014 OUTLOOK, 2015 FORECAST

Sales expected to surge in 2015 Continued from Page 3

Northeast: 85255 most popular Metro Phoenix’s priciest neighborhoods, from Carefree and north Scottsdale to Paradise Valley and Phoenix’s Arcadia community, are located in the northeast Valley. Prices in many of the luxury enclaves climbed during 2014 as sales were flat or down for the year. Paradise Valley’s median sales price was $1.27 million in 2014, down about 3 percent from the year before. But newhome sales and prices in the posh neighborhood, particularly on the site of the former Mountain Shadows Resort, are up. “Paradise Valley’s luxury market for new construction is booming,” Scott Grigg of Realty Executives said. The median sales price of new homes built in Paradise Valley climbed to $2.62 million last year, up 18 percent from 2013. Scottsdale’s 85255 ZIP code, north of Loop 101 and east to the McDowell Mountains, is the most popular area in the northeast Valley for sales — almost 1,100 closed during 2014. That’s more than double the pace of sales in Paradise Valley and some neighboring Scottsdale areas. The median sales price in 85255 climbed more than 6 percent last year. ZIP code 85255 also is home to an area rivaling Paradise Valley to become the region’s most expensive neighborhood — Silverleaf in DC Ranch. Currently, a 30,000-square-foot mansion is on the market for $32 million in Silverleaf. That’s the priciest house for sale in the Valley.

PHOTOS BY JOHN SAMORA/THE REPUBLIC

Peoria ZIP code 85383, with views of Pyramid Peak, led the Valley in 2014 in overall and new home sales. Cassandra Markoff, wanting to be close to open desert, bought one of the homes.

Phoenix: Central ZIP codes hot Valley Home Values by the numbers Increase in metro Phoenix mediansales price 5 percent: 2014. 30 percent: 2013. 25 percent: 2012.

Home sales

West: Affordable, and growing The West Valley has evolved from an area known mainly for affordable houses to metro Phoenix’s fastest-growing region, with the newest freeways, most popular new-home communities, retirement enclaves and growing job hubs. Many neighborhoods in the large area, spanning from Goodyear and Buckeye to the south through Glendale and Surprise north to Peoria, saw home prices increase last year. The winner for the biggest price jump in the West Valley was Surprise’s ZIP code 85378. The area, next to Sun City West, saw a 13.3 percent increase in its

median home price during 2014. More-affordable home prices still continue to draw buyers to the West Valley. People are buying newer houses that are mirror images of those in Scottsdale, north Phoenix or Chandler — but typically cost 25 to 50 percent less. Cassie Markoff bought a home in Peoria’s 85383 ZIP code last year after looking all over metro Phoenix. She had rented in north-central Phoenix for several years but wanted a house closer to the open desert. “I don’t think many people realize how nice the West Valley has become,” she said. “I am glad because I was able to buy for less than I had expected.” The median price in her neighborhood, near Pinnacle Peak Road and 91st Avenue, is $325,000, the highest in the West Valley. The area had 875 new home sales last year, more than any other Valley ZIP code. ZIP code 85383 also led the Valley for overall sales at 1,801 during 2014. Next was ZIP code 85338 in Goodyear, with 1,475 sales.

ZIP code 85255, which includes DC Ranch, was the most popular area in the northeast Valley.

14 percent: Drop in sales in 2014 compared with 2013. 20 to 30 percent: Sales increase projected in next few months compared with the same period in 2014. SOURCE: REPUBLIC RESEARCH

“Last year, we were all wondering where the buyers were. ... Now buyer interest is up all over metro Phoenix’s map.” DIANE BRENNAN REAL-ESTATE AGENT WITH BERKSHIRE HATHAWAY HOME SERVICES

Much of Phoenix is now considered infill because of the Valley’s growth all around it over the past five decades. And the long exodus of homebuyers and builders from Phoenix to the suburbs during the 1990s and early 2000s is reversing. Home prices and sales jumped in central Phoenix neighborhoods last year as the housing market slowed in many areas farther out. The biggest increase in Valley home prices happened in central Phoenix ZIP code 85007, home to the F.Q. Story historic neighborhood. The area’s median home price jumped almost 38 percent in 2014. The median home price in the northcentral Phoenix ZIP code 85020 climbed almost 37 percent. A few other central Phoenix neighborhoods saw values climb more than 20 percent last year. As home prices climb and infill sites for new houses fill up, condominiums are growing in popularity. “There’s incredible interest in central Phoenix,” said Bobby Lieb of HomeSmart Elite. “I am seeing a lot of buyers in the area now who thought it was not cool a few years ago.”