• Marketplace Ads

No Major Changes for the Phoenix Housing Market in 2011

Updated: Thursday, 19 Jan 2012, 2:48 PM MST
Published : Thursday, 19 Jan 2012, 2:48 PM MST

PHOENIX (AP) - Metropolitan Phoenix has seen some positive signs over the last year in its housing market, but a new report says its 2011 figures for foreclosures and home prices weren't major improvements from the previous year.

The report from the W. P. Carey School of Business at Arizona State University says the metro area recorded 106,850 transactions in the existing-home market during 2011.

That's 125 fewer transactions than there was in 2010.

The number of foreclosures dropped from 41,625 in 2010 to 35,855 last year.

And the median price for a single-family home resold in Phoenix was $125,000 last year.

That's down from $138,000 in 2010 and $260,000 in 2007.

Researchers say it will take years to fully reverse the drop from the peak.

Get the latest news from myfoxphoenix on your mobile with our iPhone, Droid or Blackberry apps. Follow us on Twitter and FacebookClick here to send us news pictures & video.

  • Share This Story
  • Add Your Comments Here

Keep your comments civil - MyFOXPhoenix.com reserves the right to remove comments that are obscene, profane, abusive, hateful, racist, spam, "trolling," or otherwise inappropriate. Repeat offenders will be banned. If you see such comments, report them to us by flagging them. (Click on 'Flag' beneath a post -- hover your mouse below the post's text for it to appear.)

 

Comments should be flagged for: spamming, violating our commenting policy, being clearly unrelated and attacking other commenters personally. Comments should not be flagged for: Disagreeing with the content or disputes with other commenters.

 

Be sure to refer to our Terms of Service.

 

Stay on topic: Don't discuss an entirely different subject or spam the section asking about another story. Send us an e-mail instead. Continue to spam comment sections and your acccount will be banned. Keep your posts brief and to the point. Remember this is a comment section, not your personal blog.

 

When posting a comment on myfoxphoenix.com, a valid e-mail address, Facebook, Yahoo!, OpenID or Twitter account is necessary. The e-mail is not available for viewers to see. You will be required to verify the e-mail address before posting a comment. Users with third party logins (Facebook, Twitter, etc.) are already considered verified accounts.

 

Choose a user name you'll remember - don't use your real name unless you want it to be known.

 

Accounts that use obscenities in their user names and/or avatar pictures are not allowed.

 

To avoid your posts being labeled as spam, simply provide a link to an article instead of copying and pasting the entire text. 

 

Posts with obscenities will be removed by moderators.

 

Click here if you need help signing up for an account or using your profile.

 

Comments Powered By Disqus



Advertisement

Top Stories

Popular

Most Commented

  • Suggested Search
  • Marketplace Ads