Sunday, March 13, 2022 / by Bryan Baylon
March 13, 2022 Market Update
We have just updated the city ranking table showing the annual average $/SF for 40 cities in Central Arizona.
The order of the cities does not change dramatically from year to year, with Paradise Valley consistently at the top and Coolidge at the bottom. However Paradise Valley is now well over $600 having been well under $500 just 12 months ago. Coolidge has topped $150, having been less than $110 a year ago.
The fastest appreciation over the last year has been seen in the outlying areas, such as Tonopah, Coolidge, Maricopa, Queen Creek, Arizona City and Anthem. All of these are up more than 35%. The lowest appreciation rates can be observed in Sun Lakes, Tempe and Sun City West, all below 26%, but only just.
Market incites provided by the Cromford report.