The US housing market has seen record-breaking growth over the past year.
According to a recent report by the real estate brokerage firm Redfin, the median home-sale price nationally realized $348,500, a record high of 21% year-over-year growth. One contributing factor to this accelerated growth rate is that more high-end homes are being sold now than a year ago, where asking prices have reached an all-time high of $360,975.
Taking a look closer look at Metro Phoenix, these are the five neighborhoods with the largest home sale price increases since last year, according to the Arizona Regional Multiple Listing Service:
1. 85342 — Peoria
Median home sale price: $292,000 this year.
Percent change: 42.4%
2. 85249 — Chandler
Median home sale price: $585,000
Percent change: 39.4%
3. 85253 — Paradise Valley
Median home sale price: $2.15 million
Percent change: 34.8%
4. 85262 — Scottsdale
Median home sale price: $1.175 million
Percent change: 34.3%
5. 85205 — Mesa (tie)
Median home sale price: $335,000
Percent change: 34%
5. 85034 — Phoenix (tie)
Median home sale price: $268,000
Percent change: 34%
