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Phoenix Market Report April 2017

The Southeast Valley is certainly on a roll, with all its cities improving for sellers;
Tempe - up 10% Queen Creek - up 7% Chandler - up 6% Mesa - up 5% Gilbert - up 3% The West Valley is mixed with Surprise up 6% and Glendale improving 2%, but Avondale has weakened by 12% (something it can afford given its long term hold on the top of the table). In addition, Goodyear is down 7% and Peoria down 2%, so the West Valley is definitely falling behind the Southeast Valley from a seller's perspective..
Pinal County is also in great form, and Maricopa, its only representative in the top 17 (Queen Creek spans both Maricopa and Pinal), continues to rise up the table, gaining 3% over last month.
The Northeast Valley remains the weakest area, though Paradise Valley is making a fine recovery by advancing 10% and threatening to become a seller's market if it can breach 110 by maintaining its recent improvement in demand..
Phoenix has been pretty stable for many months but is now making a move in favor of sellers, up 5% since last month.
It is the mid-price ranges that are healthiest with high volumes and limited supply. The Southeast ... more

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