Let’s talk about home sales trends, shall we? I hate to say I told you so (okay, maybe I don’t…), but According to Data Reporters Ryan Konig and Matt Dempsey at The Arizona Republic, the downtown Phoenix historic districts in 2012 saw a significant increase in median sales prices for single-family houses.

Which downtown Phoenix historic district areas  have seen the greatest increase between 2011 and 2012?

The Roosevelt District
Roughly surrounded by McDowell Rd and Fillmore St. Central Ave. and 7th Ave. in Phoenix. The shape of this district is like a perfect box.

Los Olivos Historic District
Located along Monte Vista Road between Third and Seventh streets

Villa Verde Historic District
Grand and 19th Aves. Encanto Blvd. and Monte Vista

Willo Neighborhood
This historic distric is located direct above the Roosevel Historic District. It’s roughly surrounded by Central and 7th Aves. McDowell and Thomas Rd.

So check this out. Those four histroic neighborhoods have seen a 25% to 34.9% increase in the median housing prices since 2011! Meanwhile, the east side of central, literally across the street, has seen how much incrase in home prices since 2011? Try zero.

The orange area is the sweet spot of this increase in prices for three of the historic neighborhoods: Willo, Los Olivos, and Roosevelt. Villa Verde is at the NW corner 19th ave/Grand ave.  It’s the same area I’ve been telling people for some time now not to ignore–“because there’s some good stuff going on there, stuff that’s going to explode in 2012″. Of course, I’ve been saying since late 2009 that CenPho is gearing up for a serious rebound.

So, I can’t read the future or anything. Don’t come asking me about which boxer to bet on. But I have a really good nose for where things are going in CenPho.

If you’re a buyer who wants to know about those cool little hidden places that my expertise tells me are going to do well, come talk to me. If you’re a seller, now is the time to think seriously about selling.

In future posts coming down the Get Your PHX pipline in 2013, I’m going to be tracking certain areas in Central Phoenix for you; for example, historic light-rail adjacent areas, and let you in on what’s happening to median home values  in these areas. It’s going to be an exciting year, 2013. Keep your ear to Get Your PHX and I’ll do my best to keep you in the know.

Kenneth “Ken” Clark
REALTOR(r)
At Your Service!
HomeSmart
(602) 456-9388
Ken@GetYourPHX.com