• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Arizona for Boomers

Arizona for Boomers

Arizona Retirement Communities and Condos

  • Home
  • Book
  • Best Communities
  • Best Places
  • Travel
  • Realtors® Wanted
  • Home
  • Book
  • Best Communities
  • Best Places
  • Travel
  • Realtors® Wanted
  • Search

Arizona Real Estate Recovery Continued in 2014

In 2014, Arizona home prices rebounded to near 2005 levels after falling dramatically in the housing bubble crash of 2008 to 2011. Phoenix and other cities in Arizona were hit hard during the Great Recession when the sub-prime mortgage crisis resulted in big declines in home values across the United States.

[table id=3 /]

Arizona home prices peaked in 2006

According to Zillow, home prices in several Arizona cities popular with boomers topped out in the summer of 2006, before falling roughly 50%. In Phoenix, the median home price rose to $246,400 in June 2006. Tucson homes peaked at $196,000.

Arizona real estate bottomed out in 2011-12

Following was a period of rapid decline, with residential real estate prices falling most sharply from 2008 through 2011. By September 2011, the median home price in Phoenix was only $106,700. Tucson homes bottomed out in January 2012 at $110,200, according to data published by Zillow.

Steady gains in Arizona home prices 2012 – 2014

Triggered by historically low mortgage rates and low inventory, the Arizona real estate market showed new signs of life in 2012, as evidenced by a noticeable upswing in prices. Home prices leveled off in 2013 and 2014 at levels roughly equivalent to 2004 as builders began to catch up with demand and homes in foreclosure became available for sale.

There is no way to predict where Arizona home prices will go from here. However, it appears that for the time being, a modest recovery from the bottoms following the real estate bubble is underway.

New Book Now Available

Primary Sidebar

Model Home Walkthrough

The Juniper in Trilogy® at Verde River

Recent Posts

  • Best Places to Retire in Arizona – Updated for 2022
  • Retirement Spotlight: Tucson
  • 48 Hours in Mesa
  • Retirement Spotlight: Scottsdale
  • The Juniper in Trilogy® at Verde River

Places

Retirement Spotlight: Tucson

Located just under two hours southeast of Phoenix, Tucson is the ultimate destination for boomers that are looking for a little more room to roam. And between the old west heritage and the modern day spas and golf courses, there is so much to love about Tucson. The city is also known for legendary sunsets … Continue Reading » about Retirement Spotlight: Tucson

Explore More Places

Real Estate

The Top-Selling Arizona Communities of 2017

Four Arizona communities made the list of the 50 Top-Selling Master-Planned Communities of 2017. That’s according to John Burns Real Estate Consulting who researches and compiles the list each year. The #1 community on the list, The Villages in Florida, sold a whopping 2,231 new homes in 2017! The Arizona communities that made the list … Continue Reading » about The Top-Selling Arizona Communities of 2017

Trilogy® Vistanica Model Grand Opening

Trilogy® Vistancia near Phoenix recently held a Grand Opening for seven new model homes. Couldn’t make it to the Grand Opening? Don’t worry, we’ve got you covered! Check them out in the video below: Located in Phoenix’s Northwest Valley and the centerpiece of America’s Best Planned Community, this vibrant resort community enjoys a pristine desert … Continue Reading » about Trilogy® Vistanica Model Grand Opening

7 Questions to Ask Your Future Arizona Neighbors

When you visit communities to figure out which one you want to live in, one of the most important things you could possibly do for yourself is talk to as many people who actually live there as possible. This is best accomplished if you are taking advantage of the “Stay and Play opportunities” that many … Continue Reading » about 7 Questions to Ask Your Future Arizona Neighbors

See More Real Estate Articles

Copyright © 2023 For Boomers Media