Resale Home Prices Slip Since Sept...

Resale home prices slip since Sept. in SE Valley, from the Arizona Republic , reports that home prices have been falling in some SE Valley cities over the last few months. Ahwatukee Foothills median price was $357,500 in January, down from $386,250 in December. Mesa's $240,000 fell from $243,500 in September. Jay Butler believes some neighborhoods and communities will see more price declines than others. He believes that closer-in locations such as Tempe or Ahwatukee Foothills or those with jobs close to homes will probably hold their values better, while areas farther out could see declines or not appreciate as much.

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