Nov 17 2016 Two Year Market Appreciation

Nov 17 2016 Two Year Market Appreciation

Which ZIP codes the strongest appreciation over the past 2 years? Here's a look at the Tableau 12-month moving average price per square foot chart, comparing the figure for November 2014 with November 2016.

The high flyers are as follows:

  1. Tonopah 85354 + 58.8%

  2. Phoenix 85009 + 48.3%

  3. Phoenix 85031 + 45.1%

  4. Phoenix 85019 + 44.1%

  5. Black Canyon City 85324 + 43.7%

  6. Phoenix 85017 + 42.4%

  7. Phoenix 85006 + 39.8%

  8. Phoenix 85035 + 37.1%

  9. Phoenix 85008 + 35.2%

  10. Phoenix 85033 + 33.7%

  11. Phoenix 85040 + 33.6%

  12. Glendale 85301 + 32.7%

  13. Youngtown 85363 + 30.1%

Everywhere else is below 30%.

The inner West Valley accounts for 8 of these high flyers with East Phoenix taking 2 slots, South Phoenix 1 spot and 2 far-flung rural areas.

I am willing to bet no-one guessed Tonopah for number 1. But it started at only $49.48 so there was still a coiled-spring effect as it bounced back to $78.58 per sq. ft.

By far the most expensive of the high flyers is Phoenix 85006 which jumped from $123.93 to $173.28 to rank number 7 overall.

Among the luxury ZIP codes, 85251 came top with a 16.9% gain over 2 years from $194.49 to $227.40, while 85018 came second with 14.0% over 2 years, from $230.82 to $263.09.

85251 ranks 47th overall while 85018 ranks 67th overall.

All these numbers include all types of properties, not just single family.


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Dated: November 17th 2016
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