How much did the (Phoenix) market go up?
Property value, or appreciation, increases are often quoted nationally and for the metro area. But as in all things real estate: the rate of appreciation, or how much your house is worth today compared to a year ago, varies considerably based on your community and price range. Below is a snap shot averaged across our MLS for the entire Metro area and surrounding towns. From The Cromford Report showing that the biggest appreciation gained over the last year was for homes priced $2m to $3m. A few price ranges had negative appreciation: