Tuesday, December 28, 2004
Valley housing increase continues unabated
Valley housing permits continue rapid increase - 2004-11-30 - The Business Journal of Phoenix
Housing permits and sales for existing homes in 2004 are up considerably from 2003. According to the article in the link above from The Business Journal, housing permits are up 29% from this time last year and home resales are up 26%. Also of note, the average price of a new home in Metro Phoenix is $238,651, up from $213,478 last year at the same time. That's a 12% increase in 12 months! The difference in resale of homes from 2003 to 2004 was even higher, up 18% to $174,000.
Those numbers are staggering and the outlook continues to be positive with California housing prices rising and more and more people finding the sun and relatively lower prices of Phoenix inviting.
Housing permits and sales for existing homes in 2004 are up considerably from 2003. According to the article in the link above from The Business Journal, housing permits are up 29% from this time last year and home resales are up 26%. Also of note, the average price of a new home in Metro Phoenix is $238,651, up from $213,478 last year at the same time. That's a 12% increase in 12 months! The difference in resale of homes from 2003 to 2004 was even higher, up 18% to $174,000.
Those numbers are staggering and the outlook continues to be positive with California housing prices rising and more and more people finding the sun and relatively lower prices of Phoenix inviting.
