Phoenix and Scottsdale Homes Appreciate in '06 DESPITE slow market!
Hello!
There is a great article on AZ Central now, regarding Scottsdale home appreciation. 
While the number of homes sold in 2006 dropped 40% from '05's numbers, we still saw an average appreciation of 13.3%, for a median sales price of $595,000.
Prices for the Phoenix Metro area as a whole were up 8.4%, for an average of $260,600. Again -NOT TOO SHABBY FOR A BAD YEAR!
We've said it before, and we'll say it again - Yes, it is a different, more-normalized market than we saw in '05 - AND THAT IS GOOD FOR ALL INVOLVED! We saw unsustainable appreciation levels, and now we are heading back to a normal market. Phoenix, the metro area, and Scottsdale are still great places to live, work, and play - and invest in a home! You won't double your money in 2 years again, but appreciation is expected at NORMAL (6-8%) rates Valley-wide for the next few years. Compound that with the quality of life you live in your own home and tax benefits of being a homeowner, and you really can't miss with Phoenix real estate!
To find out more about purchasing a home in the Phoenix Metro Area, or to get an ACCURATE assessment of your home's value, please contact us at info@WeAreAZRealEstate.com!
Sharon Kotula, ABR
Adam Tarr, e-PRO
Your Phoenix Area Real Estate Source
RE/MAX Excalibur
Scottsdale, AZ
480-483-3333
http://www.weareazrealestate.com/