Metro Phoenix Home Prices Year Over Year
We’ve added a new page to our website that tracks Phoenix Home Prices Year Over Year (click the link to view it). We plan to update it on a monthly basis to give you, our readers, even more statistical information on the Phoenix Housing Market. Our pledge is to be the number 1 source for real estate information in our market.
What are Phoenix Home Prices Year Over Year (also known as YOY)? Year-over-year analysis is used by people seeking to measure whether home prices, investments, or companies are inclining or declining. As an example, a company may report gross revenues have increased for the fourth quarter on a year-over-year basis for the last three years. This means that revenues at that company in the fourth quarter of year three were higher than revenues in the fourth quarter in year two, which were higher than revenues in the fourth quarter of year one.
Phoenix Home Prices Year Over Year are now a regular part of our blog and will updated on a monthly basis. Be sure to book mark our site and return often. We strive to be the best resource for you to gauge the Phoenix Real Estate Market.
Metro Phoenix Home Prices Year Over Year
| Year | # Sales | Total Sales $$ | Average Price | Average Sq Ft | |
| Price Per-Sq Ft | |||||
| 2012 | 89,554 | $17,275,413,926 | $192,905 | 1,962 | $98 |
| 2011 | 100,809 | $15,869,131,518 | $157,418 | 1,924 | $82 |
| 2010 | 90,299 | $16,111,940,238 | $170,657 | 1,939 | $88 |
| 2009 | 92,146 | $15,668,606,573 | $170,045 | 1,930 | $88 |
| 2008 | 59,224 | $14,683,796,796 | $247,937 | 1,993 | $124 |
| 2007 | 54,231 | $18,259,639,248 | $336,701 | 1,929 | $175 |
| 2006 | 74,106 | $24,799,409,447 | $334,648 | 1,834 | $182 |
| 2005 | 104,133 | $31,246,600,382 | $300,064 | 1,828 | $164 |
| 2004 | 98,294 | $21,846,602,482 | $222,258 | 1,838 | $121 |
| 2003 | 79,512 | $15,607,240,105 | $196,288 | 1,822 | $108 |
| 2002 | 68,411 | $12,445,067,608 | $181,916 | 1,783 | $102 |
| 2001 | 62,523 | $10,842,261,264 | $173,412 | 1,768 | $98 |
| 2000 | 55,400 | $9,512,909,571 | $171,713 | 1,799 | $95 |
Other sources: Phoenix Foreclosure Experts
Article by Ron Wilczek
Ron has written 154 awesome articles.
Ron Wilczek has been a Real Estate Agent since 1999 and the broker / owner of Metro Phoenix Homes since 2009. He represents clients in resale, new home construction, investment homes, and multi-family investments.
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{ 8 comments… read them below or add one }
By the look of it will be another one to 2 years before home values returne to the “pre-boom years.”
Year-over-year numbers paint a pretty clear picture and are great for trend analysis. I use YOY all the time.
Benjamin — I agree assuming all other factors (especially unemployment) stay consistent.
Looks like the Phoenix area had a pretty good year in terms of total sales.
Veronica — Yes, quite literally the 6th best year on record. Low mortgage interest rates and market stability have helped.
The chart puts things in perspective. Knowing 2004 and 2005 were the boom years it’s quite an amazing difference bewteen the $108 in 2003 the $182 in 2006. It’s no wonder there was a housing bust.
Thanks. I’ve never seen anyone produce these numbers on such a long-term basis. Most sites discuss trends on a much shorter basis. Thanks for your efforts.
Rick — You’re welcome.