ASU: Phoenix home values up 25% from a year ago

A new housing report from Arizona State University released today shows the metro Phoenix housing market continues making strides toward recovery, yet is still tussling to regain its balance.

Median single-family home prices last month in Maricopa and Pinal counties were up 25 percent from the same time last year, while the average price per square foot also rose 16.5 percent, according to the study byMichael Orr, a real estate expert at ASU’s W.P. Carey School of Business in Tempe.

For example, a home valued $112,000 in April 2011 was worth $140,000 by last month, the report said.

Read more is the Business Journal

Paradise Valley, Arizona Santa Barbara Remodel-JKD Building Group

Todd Deniger, president of JKD Building Group and host of the Scottsdale Custom Home Builder Network takes you on a tour of a Paradise Valley, Santa Barbara remodel. This video focuses on the dramatic transformation of the backyard pool, cabana and barbecue areas.

JKD Building Group
480-443-0021

Email:jkdbldg@cox.net

Scottsdale Custom Home Builder Network "Arcadia Dream Home"

This Arcadia, Phoenix masterpiece further showcases the innovative, construction style of JKD Building Group in Scottsdale/Paradise Valley, Arizona.

Phoenix metro home builders busy again

The Scottsdale Custom Home Builder Network interviews R.L. Brown....publisher of the "Phoenix Housing Market Letter," a monthly newsletter tracking homebuilding.

Brown says.."There's no question the new home market is finally on its way back."

Read more at AZCentral

Real estate report says Phoenix area improving

THE ASSOCIATED PRESS March 28, 2012, 12:08PM ET

A new report from Arizona State University says the Phoenix-area housing market is continuing to improve from last year, with a shrinking supply of available homes.

Researchers from the W. P. Carey School of Business say that, as of last month, the housing supply has decreased 42 percent from the same month last year in Maricopa and Pinal counties.

Their report also says that foreclosures have fallen by 52 percent since February 2011, and the median-price for a single family home in metropolitan Phoenix has increased from $115,000 to $124,500. That's up more than 8 percent from last year.

The report's author, Mike Orr, says foreclosures and short sales still make up about 20 percent of all sales in the market.