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Million Dollar Homes Across America: Then and Now

Price: $1,100,000Interior: 5,001 sq ftLot Size: 32,407 sq ft5 Bedrooms, 4 BathroomsIn 2007, Phoenix saw homes stay on the market for 120 days before selling, increasing to 180 days in 2009. In mid-range to upper-end properties, realtors estimate distressed sales and excess inventories to clear within 12 months as supply and demand to comes back into balance and prices return to their pre-bubble levels.2009 Q2: $131,1002007: $257,400Change: -49.1%

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Phoenix, Arizona

Home listed in 2009
Price: $1,100,000
Interior: 5,001 sq ft
Lot Size: 32,407 sq ft
5 Bedrooms, 4 Bathrooms

In 2007, the average house in Phoenix was on the market for 120 days before it was sold; now it is 180 days. In mid-range to upper-end properties, realtors estimate distressed sales and excess inventories to clear within 12 months as supply and demand come back into balance.

Area Median Home Prices
2009 Q2: $131,100
2007: $257,400
Change: -49.1%

Listing and Photos Provided By: Keller Williams Realty Sonoran Living