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Healthy Demand For Phoenix Housing - Are Home Prices Following?
Posted by The Cascade Team Real Estate on
Phoenix regional real estate indicators show healthy need for houses.
The question is whether prices are following the housing market's return to pre-recession conditions. New July numbers from RL Brown Housing Reports show existing home sales up 22 percent in July from last year. New home sales were up 10 percent in July vs. July 2014, and allows for brand-new house construction were up 55.5 percent. Year-to-date, new home building permits are up 39 percent versus 2014 and existing house sales are up 13 percent.
Costs, nevertheless, are not revealing the very same toughness. The typical list price for an existing house in July came in at $200,000, according to Scottsdale-based RL Brown. The median cost of a brand-new home chose $299,990 in July…
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