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MarketPhoenix

Scottsdale Sales Jumped 13.5%. Avondale’s Fell 5.6%. Phoenix Is Now Two Housing Markets.

Scottsdale sales rose 13.5% while Avondale sales fell 5.6%. Devone’s report examines the widening divide within metro Phoenix’s housing market.

Scottsdale Sales Jumped 13.5%. Avondale’s Fell 5.6%. Phoenix Is Now Two Housing Markets.

Photo: Avi Werde / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Ask how the Phoenix housing market is doing and the honest answer is: which part? Metro Phoenix single-family sales rose 5.1% year to date and the median price edged up 1% to $485,000, according to Phoenix REALTORS data reported by AZ Big Media. That sounds like a steady market. Underneath, the Valley is splitting in two. In Scottsdale, sales jumped 13.5% and pending…

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