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The Truth about Sonoran Foothills Home Values in Phoenix, Arizona 85085
The Truth about Sonoran Foothills Home Values in Phoenix, Arizona 85085
  As a resident of Sonoran Foothills since 2005, I've closely watched the housing values of our neighborhood to see how it compares to the national stats as well as our valleywide stats. Since Phoenix is extremely subdivision oriented, each community has it's own unique qualities and value driven indicators. Sonoran Foothills arose during the height of the economic boom and therefore took a massive hit initially. The decline will appear to be more than in some areas of the valley simply because the values were ballooned to a level they were never meant to be, due to the fact Sonoran Foothills was built at the height of the boom. The neighborhood has been resetting itself since 2009 as more and more original homeowners have sold their homes through short sale, trustee sale (foreclosure) and even some traditional sales!As we've seen our neighborhood turn over with new neighbors, the values have held steady for the past year now. Below are links to annual sales summaries from 2005 through 2011. You'll notice the Average Dollar per Sq Ft of homes sold from 2009 to 2011 remains tight in comparison to the large ... more

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