Scottsdale Real Estate - Scottsdale
Homes for Sale - Scottsdale area Relocation
Northeast and East Valley REALTOR®PRO working with
home buyers
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Greater Phoenix is one of the most
affordable major metro areas in the U.S. | Overall cost of living in Greater Phoenix is below the national
average. It is interesting to note that metropolitan area cost of living tends to
increase proportionally with population size. Given that fact, Greater Phoenix is
one of the most affordable major metropolitan areas in the country.
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ACCRA Cost of Living Index-Greater Phoenix
| Year/4th Qtr |
Composite
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Grocery
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Housing
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Utilities
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Transportation |
Health Care
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Misc | | | | 1993 | 103.6 | 101.3 | 96.3 | 103.1 | 116.8 | 121.9 | 104.0 | | 1994 | 101.2 | 105.0 | 94.2 | 102.3 | 110.6 | 109.5 | 101.1 | | 1995 | 101.4 | 104.3 | 93.6 | 107.6 | 111.7 | 116.9 | 99.4 | | 1996 | 102.5 | 105.2 | 97.5 | 106.6 | 113.7 | 115.0 | 99.2 | | 1997 | 103.6 | 104.6 | 101.0 | 105.3 | 114.3 | 114.4 | 100.1 | | 1998 | 101.6 | 103.7 | 96.9 | 106.5 | 113.1 | 111.6 | 98.4 | | 1999 | 102.4 | 101.7 | 100.9 | 102.4 | 108.7 | 115.7 | 100.0 | | 2000 | 102.5 | 104.9 | 100.9 | 101.2 | 109.1 | 118.8 | 98.6 | | 2001 | 100.2 | 99.6 | 96.8 | 96.0 | 105.2 | 112.0 | 101.2 | | 2002 | 95.1 | 102.8 | 83.8 | 97.1 | 103.8 | 108.4 | 95.9 | | 2003* | 97.2 | 102.0 | 86.1 | 91.1 | 107.1 | 111.4 | 102.0 |
Note: US Average = 100.0. The Index compares the cost of maintaining a standard
of living appropriate for moderately affluent professional and managerial households
(annual income over $70,000 in most parts of the country)
*3rd Quarter Data for 2003
Source: American Chamber of Commerce Research Association, November 2003
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Housing costs are one of the largest components of cost of living
| - The Greater Phoenix area offers a wide variety of new and existing homes
- Housing costs in Greater Phoenix are well below many other major metropolitan
areas
- Greater Phoenix is more than 9 percent below the national average based on sales
prices for existing single family homes
- The recent residential construction boom has created close to 84,000 new units
over the past three years
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Median Sales Price of Existing
Single Family Homes-2003*
| | Metro Area | Existing Home Price | | | | Houston | $136,900 | | Tampa | $138,600 | | Albuquerque | $140,100 | | Greater Phoenix | $152,500 | | Salt Lake City | $152,700 | | Las Vegas | $177,100 | | Minneapolis | $197,100 | | Portland | $197,400 | | Reno | $203,500 | | Riverside/San Bernardino | $212,600 | | Denver | $237,900 | | Chicago | $241,900 | | Los Angeles | $337,200 | | New York | $350,900 | | Boston | $409,100 | | San Francisco | $560,200 | | U.S.
Average | $168,900 | | | Source: National Association of Realtors
* 2nd Quarter Data
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| Greater Phoenix Home Sales-Single Family Homes | | | New | Resale | Total | | | | Median Sales Price | | 1990 | $109,300 | $79,000 | $86,390 | | 1991 | $107,500 | $80,000 | $87,600 | | 1992 | $108,800 | $83,000 | $90,175 | | 1993 | $112,500 | $84,000 | $92,700 | | 1994 | $124,475 | $87,225 | $100,000 | | 1995 | $127,600 | $90,500 | $105,100 | | 1996 | $130,750 | $97,000 | $111,400 | | 1997 | $136,130 | $105,000 | $116,230 | | 1998 | $139,070 | $113,585 | $122,000 | | 1999 | $146,710 | $120,000 | $129,000 | | 2000 | $150,770 | $128,900 | $136,280 | | 2001 | $156,560 | $136,000 | $142,680 | | Number of Sales | | 1990 | 7,910 | 25,250 | 33,160 | | 1991 | 8,575 | 24,715 | 33,290 | | 1992 | 11,200 | 26,570 | 37,770 | | 1993 | 14,100 | 36,480 | 50,580 | | 1994 | 17,000 | 39,320 | 56,320 | | 1995 | 18,170 | 37,700 | 55,870 | | 1996 | 25,100 | 43,775 | 68,875 | | 1997 | 23,870 | 45,620 | 69,490 | | 1998 | 27,600 | 53,075 | 80,675 | | 1999 | 28,120 | 56,365 | 84,485 | | 2000 | 28,235 | 55,370 | 83,605 | | 2001 | 28,005 | 61,155 | 89,160 | | | |
Source: Arizona Real Estate Center, Arizona State University, 2002.
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Scottsdale
Real Estate Scottsdale Homes For Sale Relocation To Scottsdale Phoenix Paradise Valley
& Fountain Hills - Golf - Patio Homes - Townhomes - Condos - TIM ROGERS,
SCOTTSDALE REALTOR®PRO 
