West Valley Home Values End 2006 On A High Note...

W. Valley home values end year on high note, from the Arizona Republic, reports that last year, most West Valley cities saw gains in median home prices. Litchfield Park had the highest median price in the West Valley at $397,500, while Youngtown ended 2006 with the lowest at $176,000. But even the "far" West Valley saw increases, as evidenced by Tonopah's median home price rising 46 percent, from $157,750 to $231,517. Denise Stern with Century 21 Metro Alliance in Avondale said "prices started out so low, they had no place to go but up. We had people lining up in our office to buy land in Tonopah, and the activity in general drove up the price." Even with the overall increases, the market caught up by August, and according to Information Market Data, more than three-fourths of West Valley zip codes experienced a drop in median price through the last half of 2006. In Glendale, median home prices jumped 12 percent in 2006 to $265,000. Peoria's median price stood at $339,000, Surprise was at $296,480 and Goodyear stood at $331,992.

http://www.azcentral.com/community/glendale/articles/0307onl-values08.html