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Pricing Trends & Market Summary from the CromfordReport.com
Here we see significant improvement in the Southeast Valley, particularly the inner areas. Chandler and Tempe have improved the most for sellers since the beginning of December, with Gilbert and Mesa also edging higher. The Southwest Valley, as represented by Buckeye and Goodyear, is also doing better for sellers, but the rest of the West Valley has cooled off a bit. Avondale remains way out in front at number 1 but is now coming down from its highest levels.
Phoenix is making good progress thanks to a larger than usual drop in active listings during the last month.
The outer Southeast Valley, represented by Queen Creek, is slightly lower while still deteriorating fast for sellers is Maricopa.
In the Northeast Valley, the deterioration for sellers has slowed down and Scottsdale is actually 2% up on the beginning of the month. Nevertheless, Cave Creek, Fountain Hills and Paradise Valley have still drifted noticeably lower over the month.
Overall we have a much better end to the year for sellers than in 2014.
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