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North Phoenix Home Values Remain Well Below 2006 Peak

North Phoenix Home Values Remain Well Below 2006 Peak

In case you purchased a house in North Phoenix on the prime of the market 12 years in the past and held on, you’re doubtless nonetheless ready to get well your funding. Earlier this yr, the median worth of houses throughout america climbed again to the 2006 peak for the primary time. Valuations have since risen additional. But in North Phoenix and the remainder of the Phoenix Metro Space—with a handful of exceptions—values have but to reclaim their all-time highs, in line with a brand new evaluation by Zillow.

In most of NoPho, together with Hearth at Norterra, Sonoran Foothills, Tramonto, Anthem West and the communities in between, house values in September rose year-over-year however continued to lag nicely behind the inflated ranges simply earlier than the housing bubble burst.

The chart under exhibits the figures for our space, damaged down by neighborhoods outlined by the Metropolis of Phoenix and tracked by Zillow [see map below].

  • Rio Vista encompasses the west aspect of Anthem.
  • North Gateway stretches from Tramonto to Hearth at Norterra.
  • Deer Valley consists of Stetson Hills, a slice of the Norterra space round Valley Vista, and far of the remainder of North Phoenix right down to round Bell Street.

The valuations are based mostly on Zillow estimates of all houses, whether or not on the market or not. The calculations differ from different measures of housing costs, comparable to common gross sales costs for present houses, as reported within the month-to-month Actual Property Watch from In&Out Journal and North Phoenix Information.

Of the 176 neighborhoods within the Phoenix Metro Space analyzed by Zillow, 30 have greater median residence values than North Gateway [see full list below].


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Across the Metro Space

Solely two neighborhoods within the Phoenix Metro Space noticed September house values decline year-over-year, in accordance with Zillow. Within the Pinnacle Peak neighborhood of Scottsdale, the median worth fell 1.9 % to $819,200, which is 19 % off its 2006 peak.

In the meantime, 11 neighborhoods—all in Mesa and Avondale—stay 20 % or extra under their peak in 2006.

The most important 1-year improve within the Phoenix Metro Space was in Kleinman Park in Mesa, the place house values jumped 17.Four % to a median worth of $127,000. Amongst pricer neighborhoods, Agritopia in Gilbert led the best way with a 14.Three % improve to a median worth of $420,700.

Kleinman Park and Agritopia are amongst 15 neighborhoods scattered round Phoenix, Scottsdale, Mesa, Chandler, Gilbert and Avondale which have climbed again even with their peak 2006 values.

Nationwide, residence values have been up 7.6 % from final September to a median of $220,100, Zillow stated.


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September Home Values vs. 2006 Peak

Right here is the complete record from Zillow, sorted by present worth (you’ll be able to reorder the type by clicking on any column header). Observe that a small variety of houses or a handful of outlying worth factors can create briefly deceptive spikes in some neighborhoods. [See: How Accurate are Zillow Estimates?]

Neighborhood Metropolis Worth Now 1 – Yr Change Peak Worth % Off Peak Pinnacle Peak Scottsdale $ 819,200 -1.9% $ 1,Zero11,900 -19.Zero% Citrus Mesa $ 719,800 Three.Four% $ 940,300 -23.Four% Property Groves and Valencia Estates Mesa $ 632,400 Zero.Three% $ 884,200 -28.5% Balboa Approach Chandler $ 623,300 7.7% $ 756,400 -17.6% North Scottsdale Scottsdale $ 557,100 Four.Three% $ 667,000 -16.5% Desert Uplands Mesa $ 547,100 10.Zero% $ 652,500 -16.2% Northgrove Mesa $ 523,700 10.Zero% $ 675,600 -22.5% Arden Park Chandler $ 500,300 2.Three% $ 596,500 -16.1% Lehi Mesa $ 466,000 11.Eight% $ 506,100 -7.9% Ocotillo Lakes Chandler $ 460,600 7.6% $ 574,300 -19.Eight% Bridges at Gilbert Gilbert $ 442,700 9.Zero% $ 442,700 Zero.Zero% Agritopia Gilbert $ 420,700 14.Three% $ 420,700 Zero.Zero% Ocotillo Chandler $ 420,600 5.Zero% $ 488,900 -14.Zero% Camelot Village Tempe $ 420,000 9.Four% $ 464,800 -9.6% Las Sendas Mesa $ 416,100 5.6% $ 516,900 -19.5% Estates at Specturm Gilbert $ 411,900 Eight.Three% $ 438,300 -6.Zero% Alta Mira Tempe $ 411,600 7.5% $ 464,800 -11.Four% Lakeview Trails Gilbert $ 410,000 7.Three% $ 421,900 -2.Eight% Desert View Phoenix $ 409,200 Four.Zero% $ 504,800 -18.9% Marbella Vineyards Gilbert $ 400,200 9.Three% $ 400,200 Zero.Zero% Park Promenade Chandler $ 399,500 7.Eight% $ 437,100 -Eight.6% Shamrock Estates Gilbert $ 399,200 6.Three% $ 412,700 -Three.Three% Warner Ranch Chandler $ 396,700 1.9% $ 476,000 -16.7% Fox Crossing Chandler $ 395,900 6.Three% $ 477,800 -17.1% Boulder Mountain Mesa $ 394,800 Eight.7% $ 477,700 -17.Four% Layton Lakes Gilbert $ 387,900 Four.7% $ 405,000 -Four.2% Higley Groves Gilbert $ 379,900 7.2% $ 443,500 -14.Three% Ashland Ranch Gilbert $ 378,500 Four.1% $ 462,500 -18.2% Seville Gilbert $ 369,400 6.Four% $ 399,200 -7.5% Carino Estates Chandler $ 368,300 Four.5% $ 435,200 -15.Four% North Gateway Phoenix $ 367,400 5.Three% $ 444,000 -17.Three% Val Vista Lakes Gilbert $ 362,900 10.2% $ 424,400 -14.5% Rancho del Mar Mesa $ 359,300 11.6% $ 395,700 -9.2% Ashley Park Chandler $ 358,300 Four.2% $ 430,700 -16.Eight% Chaparral Estates Gilbert $ 358,000 9.7% $ 433,500 -17.Four% Lagos Vistoso Chandler $ 354,600 Eight.1% $ 436,800 -18.Eight% El Dorado Lakes Gilbert $ 352,300 6.6% $ 414,800 -15.1% Trilogy Gilbert $ 351,400 6.Four% $ 360,200 -2.Four% Purple Mountain Ranch Mesa $ 350,900 7.6% $ 430,400 -18.5% Lantana Ranch Chandler $ 350,200 7.Three% $ 406,000 -13.7% Kempton Crossing Chandler $ 347,700 7.Three% $ 397,300 -12.5% South Scottsdale Scottsdale $ 343,200 Eight.2% $ 343,200 Zero.Zero% Coronado Ranch Gilbert $ 342,900 6.Four% $ 413,300 -17.Zero% Highland Groves At Morrison Ranch Gilbert $ 342,300 Eight.Eight% $ 370,000 -7.5% Andersen Springs Chandler $ 341,700 5.9% $ 374,800 -Eight.Eight% Vinyards Chandler $ 341,600 2.7% $ 394,300 -13.Four% Rio Vista Phoenix $ 334,800 5.6% $ 387,500 -13.6% North Shore Gilbert $ 334,700 Four.Three% $ 377,100 -11.2% Paradise Valley Phoenix $ 334,100 7.1% $ 363,600 -Eight.1% Willis Ranch Chandler $ 330,800 6.Zero% $ 379,100 -12.7% The Islands Gilbert $ 329,700 7.5% $ 367,700 -10.Three% Solar Groves Chandler $ 329,200 7.Three% $ 384,200 -14.Three% Silverhawke Gilbert $ 328,400 7.Three% $ 375,800 -12.6% Camelback East Phoenix $ 328,200 7.Four% $ 328,200 Zero.Zero% Sierra Ranch Mesa $ 328,100 6.7% $ 400,800 -18.1% Villages of Eastridge Mesa $ 326,200 6.Three% $ 382,100 -14.6% Ashley Heights Gilbert $ 324,000 6.9% $ 377,400 -14.1% Ahwatukee Foothills Phoenix $ 320,300 5.1% $ 374,500 -14.5% Lindsay Ranch Gilbert $ 316,900 7.Three% $ 363,200 -12.7% Springfield Lakes Chandler $ 315,800 9.Three% $ 354,600 -10.9% Solar Lakes Chandler $ 314,700 11.7% $ 342,700 -Eight.2% Vincenz Gilbert $ 314,600 Four.Eight% $ 334,600 -6.Zero% Sonoma Ranch Gilbert $ 314,600 7.2% $ 358,400 -12.2% Tiburon Chandler $ 311,400 11.9% $ 311,400 Zero.Zero% Sunland Springs Village Mesa $ 310,300 Four.6% $ 311,000 -Zero.2% Finley Farms Gilbert $ 309,600 7.7% $ 355,700 -13.Zero% Optimist Park SE Tempe $ 306,600 10.5% $ 308,500 -Zero.6% Western Skies Gilbert $ 304,300 5.Eight% $ 349,700 -13.Zero% The Groves Mesa $ 303,000 Eight.1% $ 329,400 -Eight.Zero% Val Vista Place Gilbert $ 302,400 6.Zero% $ 346,700 -12.Eight% Cooper Commons Chandler $ 301,700 6.Four% $ 341,400 -11.6% Greenfield Lakes Gilbert $ 301,600 9.6% $ 343,600 -12.2% San Tan Ranch Gilbert $ 301,500 7.Eight% $ 348,500 -13.5% Carol Rae Ranch Gilbert $ 301,300 9.9% $ 334,300 -9.9% Meridian Pointe Mesa $ 299,800 6.Four% $ 353,400 -15.2% Wind Drift Gilbert $ 299,300 7.Eight% $ 331,100 -9.6% Ridgeview Mesa $ 298,700 7.Eight% $ 335,600 -11.Zero% Lago Estancia Gilbert $ 298,200 9.2% $ 324,700 -Eight.2% Santa Rita Ranch Mesa $ 297,800 Eight.2% $ 345,900 -13.9% Energy Ranch Gilbert $ 297,200 7.Eight% $ 328,400 -9.5% Cooley Station North Gilbert $ 296,200 6.2% $ 340,000 -12.9% Rural-Geneva Tempe $ 292,600 5.5% $ 292,600 Zero.Zero% Summit Mesa $ 292,400 Eight.6% $ 318,900 -Eight.Three% Spectrum Gilbert $ 292,100 6.Four% $ 335,200 -12.9% Lyon’s Gate Gilbert $ 290,100 9.Three% $ 302,600 -Four.1% The Traditions Chandler $ 290,100 6.9% $ 321,400 -9.7% Optimist Park SW Tempe $ 290,000 7.2% $ 295,400 -1.Eight% Neely Commons Gilbert $ 289,400 Eight.Three% $ 329,600 -12.2% Higley Park Gilbert $ 286,400 7.1% $ 299,600 -Four.Four% Springs Chandler $ 286,400 Eight.Eight% $ 322,800 -11.Three% Twelve Oaks Chandler $ 286,300 6.6% $ 312,700 -Eight.Four% Hughes Acres Tempe $ 285,800 5.Zero% $ 285,800 Zero.Zero% Optimist Park NW Tempe $ 285,800 6.9% $ 291,000 -1.Eight% Mountain Ranch Mesa $ 285,000 9.2% $ 317,100 -10.1% Rancho Del Verde Gilbert $ 284,900 7.Three% $ 325,800 -12.6% Encanto Phoenix $ 283,400 13.Zero% $ 283,400 Zero.Zero% Stonegate Estates Mesa $ 282,700 5.6% $ 332,300 -14.9% Dobson Woods Mesa $ 282,000 10.6% $ 283,700 -Zero.6% Park Village Gilbert $ 281,000 9.Zero% $ 299,900 -6.Three% Cooley Station Gilbert $ 281,000 7.Zero% $ 308,200 -Eight.Eight% Crimson Creek Mesa $ 280,300 Eight.Three% $ 313,000 -10.Four% Stonecreek Gilbert $ 277,000 7.7% $ 296,400 -6.5% Augusta Ranch Mesa $ 276,700 7.Three% $ 313,800 -11.Eight% Neely Farms Gilbert $ 275,900 Eight.6% $ 302,100 -Eight.7% Dava-Lakeshore Tempe $ 275,600 9.7% $ 275,600 Zero.Zero% Towne Meadows Gilbert $ 274,900 Eight.Four% $ 298,000 -7.Eight% NTNA – School Tempe $ 274,800 9.2% $ 275,200 -Zero.1% Superstition Springs Mesa $ 274,700 Eight.2% $ 298,400 -7.9% Boulder Creek Mesa $ 274,700 7.Zero% $ 313,500 -12.Four% Gilbert Ranch Gilbert $ 274,100 5.Eight% $ 314,000 -12.7% Dobson Ranch Mesa $ 273,600 Eight.Zero% $ 281,000 -2.6% Tempe Gardens Tempe $ 272,900 1.6% $ 273,400 -Zero.2% Gateway Village Gilbert $ 272,900 7.1% $ 302,600 -9.Eight% Optimist Park NE Tempe $ 271,200 Four.9% $ 272,200 -Zero.Four% Tempe Royal Estates Tempe $ 270,900 7.6% $ 285,900 -5.2% The Provinces Chandler $ 269,800 6.1% $ 297,100 -9.2% Cottonwoods Crossing Gilbert $ 267,500 7.7% $ 297,600 -10.1% Knoell East Chandler $ 264,900 7.Zero% $ 270,900 -2.2% Marlborough Mesa Mesa $ 264,100 Eight.7% $ 267,700 -1.Three% Gililland Tempe $ 261,800 -Zero.Four% $ 264,300 -Zero.9% Alta Mesa Mesa $ 261,200 Four.7% $ 301,900 -13.5% Arizona Skyline Mesa $ 259,400 Eight.1% $ 308,300 -15.9% Backyard Lakes Avondale $ 256,900 5.2% $ 321,500 -20.1% Woodglen Chandler $ 256,300 Three.9% $ 259,400 -1.2% Del Rio Ranch Avondale $ 254,200 9.Zero% $ 280,100 -9.2% Ray Ranch Gilbert $ 253,600 6.2% $ 271,400 -6.6% Parkwood Ranch Mesa $ 253,000 9.Four% $ 284,400 -11.Zero% Apache Wells Mesa $ 252,100 5.Three% $ 263,400 -Four.Three% Springfield Chandler $ 250,700 Eight.5% $ 255,400 -1.Eight% Royal Palms Mesa $ 250,100 Eight.Three% $ 258,800 -Three.Four% Willows Gilbert $ 249,600 9.9% $ 258,600 -Three.5% Lesueur Estates Mesa $ 248,600 Eight.7% $ 287,500 -13.5% Park of the Canals Mesa $ 248,400 Eight.6% $ 254,800 -2.5% Roosevelt Park Avondale $ 246,800 5.Eight% $ 310,400 -20.5% Deer Valley Phoenix $ 246,200 5.Eight% $ 268,000 -Eight.1% Sage Creek Avondale $ 245,200 5.Three% $ 303,100 -19.1% Meridian Hills Mesa $ 245,000 7.2% $ 281,300 -12.9% Amberwood North Chandler $ 243,200 7.6% $ 244,200 -Zero.Four% Crystal Backyard Avondale $ 241,200 5.Four% $ 311,900 -22.7% Corte Sierra Avondale $ 237,800 7.Four% $ 296,500 -19.Eight% Buckhorn Mesa $ 236,500 7.Three% $ 246,000 -Three.9% Sunland Village East Mesa $ 236,500 6.Four% $ 249,600 -5.2% Sign Butte Ranch Mesa $ 236,300 Eight.9% $ 269,200 -12.2% Rancho Santa Fe Avondale $ 234,400 6.6% $ 296,900 -21.1% Summer time Place Village Mesa $ 231,000 6.Three% $ 231,700 -Zero.Three% Coldwater Ridge Avondale $ 228,300 9.9% $ 278,500 -18.Zero% The Gardens Gilbert $ 228,000 9.7% $ 267,700 -14.Eight% Leisure World Mesa $ 227,600 7.1% $ 253,500 -10.2% Laveen Phoenix $ 227,200 Eight.Four% $ 271,400 -16.Three% Glenhurst Avondale $ 225,100 7.Zero% $ 291,800 -22.9% Coldwater Springs Avondale $ 223,300 7.2% $ 278,700 -19.9% CW Ranch Avondale $ 222,700 6.Eight% $ 263,900 -15.6% Golden Hills Mesa $ 222,000 7.1% $ 241,500 -Eight.1% Reed Park Mesa $ 214,200 12.2% $ 214,200 Zero.Zero% Cambridge Estates Avondale $ 214,200 10.Four% $ 277,100 -22.7% Westwind Avondale $ 214,000 Eight.Zero% $ 270,400 -20.9% North Mountain Phoenix $ 211,600 10.Three% $ 223,200 -5.2% Sunbird Chandler $ 210,500 9.6% $ 216,500 -2.Eight% Powell Estates Mesa $ 206,000 10.9% $ 212,800 -Three.2% Sunland Village Mesa $ 206,000 9.Four% $ 215,700 -Four.5% United Amigos Mesa $ 202,100 13.5% $ 203,000 -Zero.Four% Harbor Shores Avondale $ 201,500 Eight.Three% $ 258,000 -21.9% Estrella Phoenix $ 201,400 9.5% $ 243,000 -17.1% Galveston Chandler $ 200,300 9.5% $ 200,300 Zero.Zero% Group Fiesta Mesa $ 199,100 17.2% $ 199,100 Zero.Zero% Fountain of the Solar Mesa $ 198,800 11.Four% $ 198,800 Zero.Zero% Encanto Mesa $ 196,600 7.5% $ 215,500 -Eight.Eight% Riverside Tempe $ 192,500 Eight.2% $ 212,300 -9.Three% South Mountain Phoenix $ 188,100 12.Four% $ 207,200 -9.2% Northpointe Mesa $ 182,100 7.2% $ 191,500 -Four.9% Escalante Tempe $ 181,600 Eight.Zero% $ 195,000 -6.9% Alhambra Phoenix $ 180,500 Four.Zero% $ 204,500 -11.7% Sundown Tempe $ 168,700 12.Zero% $ 178,500 -5.5% Mesa Grande Mesa $ 150,800 12.7% $ 162,700 -7.Three% Historic Avondale Avondale $ 136,300 Eight.Four% $ 136,300 Zero.Zero% Kleinman Park Mesa $ 127,000 17.Four% $ 127,200 -Zero.2%

North Phoenix Neighborhoods

Listed here are the neighborhoods outlined by the Metropolis of Phoenix and tracked by Zillow:

north phoenix neighborhoods