A Light at the End of the Tunnel for East Valley Real Estate
April 6, 2009 by Kristin LaVanway · 1 Comment
Although home prices in Phoenix are continuing to decline, there is a ray of hope for communities in the East Valley. Home prices in Chandler, Mesa, and Tempe are showing signs of stabilization and prices in Gilbert and Queen Creek are actually starting to edge upwards. Compared to the downward trend in home prices experienced by the Phoenix housing market as a whole, the East Valley is looking stronger over the last few months with higher average sales prices and slower declines in value.
Although home prices in Mesa and Queen Creek have historically been below the average sales price for Phoenix as a whole, the upwards trend in sales prices in these areas is fast approaching the average price in Phoenix. Queen Creek continues to be a hot bed of activity, where newer homes are available for well under $100,000. The continuing development of the Queen Creek area, with more and more amenities such as shopping and restaurants, new schools and better roads, makes Queen Creek one of the best bargains in the Valley.
Chandler and Gilbert are showing exceptionally well, most likely due the inventory of bank-owned homes in some of the newer communities. Many these homes are less than 5 years old, in areas well-served by the 202 freeway. With plenty of shopping, dining, award-winning schools, and access to the entire Valley of the Sun, these cities offer a great value at bank-owned pricing.
![[Facebook]](http://hereinphoenix.com/wp-content/plugins/bookmarkify/facebook.png)
![[StumbleUpon]](http://hereinphoenix.com/wp-content/plugins/bookmarkify/stumbleupon.png)
![[Twitter]](http://hereinphoenix.com/wp-content/plugins/bookmarkify/twitter.png)
I am a Realtor in Gilbert, AZ, working with clients throughout the Phoenix Metro area. I am lucky to love what I do and appreciate the difference I can make in people's lives.
In a previous life, I was a rocket scientist - really! - but decided to step away from corporate America to be a Mom to my four boys. Found it hard to do bake sales, so I ran a small independent programming business instead.
Flash forward...I am now a single mom and I face many, many challenges everyday. I am living through the hardships that many are facing in this economy. These experiences have motivated me to help other people in my shoes.
I have teamed up with Dean Ouellette to form the East Valley Team - the best darn team in the Valley. Check out our site at http://www.EastValleyTeam.com. I spend way too much time on YouTube - check ou tmy channel at http://www.youtube.com/klavanway
Hi! I like your srticle and I would like very much to read some more information on this issue. Will you post some more?