Two of Ahwatukee’s three ZIP codes are among Arizona’s priciest for houses, according to a survey by a major real estate research website.
Both 85045 and 85048 rank in the middle of the pack of the state’s 50th priciest ZIP codes, according to an analysis by Propertyshark.com, a property research tool founded in 2003 by real estate investor Matthew Haines.
The site computed its list of the 50 priciest ZIP codes in the state by calculating the median price of all residential transactions closed in 2016 for single and two-family homes, condos and co-ops and excluding so-called package deals.
That analysis puts 85045 at 18th on the list with a median sale price o0f $342,000 and 85048 at 35th with a median of $300,000.
The median means that the sale price of half of all homes sold exceeded that number and the other half were below.
Analysts consider the median price a more accurate indicator of the market, as it reflects the sample size being used
In all, 12 East Valley ZIP codes besides the two in Ahwatukee were among the top 50, with the highest being Tempe’s 85284, which came in 12th with a median price of $397,500.
Five Scottsdale ZIP codes cracked the top 10 and Paradise Valley’s 85253 came in first with a median price of $1,040,000 – the only seven-figure median price in the state.
But even that median doesn’t break the top 50 ZIP codes in the nation, Propertyshark said. The priciest ZIP in the country is Portola Valley, California, where the median sale price was $2.8 million and the 50th was Amagansett, New York, with a $1.7-million median price.
“Arizona’s real estate market has had a great run in 2016, with both sales and prices expanding, while stock, as in many other regions in the country, contracted. Phoenix, one of the hardest hit markets during the 2008 crash, has been rebounding in a spectacular manner,” Propertyshark said in a release.
“Named the second-best city for homeowners, Phoenix now sports the second-fastest growing home appreciation rate and the second-lowest foreclosure rate among the country’s top metros,” it added.